World Building Automation Systems (BAS) Markets, Forecast to 2022
The global building automation systems (BAS) market is poised for healthy growth in the next five years. The key driving factors are growing use of internet of things (IoT) technology, the rising popularity of LED lights for utilization of energy efficiently, increased reliance on wireless technology, and concern for overall energy consumption in buildings.
Distributors and system integrators will continue to dominate the sales distribution channels for BAS globally. However, direct sales from manufacturers are increasing in importance as suppliers seek to increase direct engagement with key customers as systems become more customized and technologically sophisticated. The growth in service-based business models is also driving the need for suppliers to engage directly with customers and will lead to growth in direct sales.
Among the main future trends are voice-over-technology where the users would be able to interact with the BAS directly. The very same systems will be remodeled using machine-learning algorithms. The integration of artificial intelligence (AI) into BAS is expected to be the next major technology trend in this market.
• Johnson Controls
• Schneider Electric
Electronic Access - Site License Fulfilled By Publisher
Hard Copy Mail Delivery
Electronic Access - Global site License Fulfilled By Publisher