Global Building Automation and Control Systems Market 2017-2021
About Building Automation and Control Systems
Building automation and control systems are solutions installed in buildings to increase the operational efficiency and to reduce the overall energy consumption. It provides automatic centralized control and monitoring of the building lighting systems, HVAC, and safety and access systems among others. It develops software for an efficient building management system. These systems are primarily installed in commercial, residential, government, and various types of public buildings. Commercial buildings are the major end-users of building automation systems followed by residential and government premises. The segment is showing significant growth attributed primarily to the increased demand for enhanced energy efficiency and faster automation systems in building management.
Technavio’s analysts forecast the global building automation and control systems market to grow at a CAGR of 9.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global building automation and control systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of building automation and control systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Building Automation and Control Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global building automation and control systems market: Automated Logic, Honeywell, Johnson Controls International, and Schneider Electric
Other Prominent Vendors in the market are: ABB, Beckhoff Automation, Bosch Sicherheitssysteme GmbH, CONTROL4, DELTA CONTROLS, Distech Controls, Dwyer, Emerson Electric, Evon Technologies, Itron, Legrand, Lutron, and Siemens
Commenting on the report, an analyst from Technavio’s team said: “Most building automation and control systems are incorporating the Internet of things (IoT) within their devices, which is aiding to improve the efficiency of the building. The connection to IoT enables the collection of real time data, which is used in creating dashboards that reflect the energy use in each area. Using this data, energy audits can be conducted to improve the efficiency. IoT in building automation systems help in streamlining the operation of all devices like HVAC, lighting, safety and security, and access controls. Data collected with the help of IoT help in analytics and energy management system. With the help of IoT, the installation, monitoring, and control of building automation and control systems becomes an easy and manageable task.”
According to the report, utility bills are a major contributor to the total operational costs of office buildings. Reducing energy use will help companies make significant costs savings. Due to the rise in infrastructural developments, more commercial and office buildings are expected to come up. Fire and safety control, surveillance systems, and HVAC and lighting systems are needed to be installed in these buildings to improve the infrastructure and reinforce safety and security, therefore requiring the installation of building automation and control systems to achieve operational efficiency.
Further, the report states that most of the solutions offered by the vendors are exorbitantly priced. The prices vary depending on the building size and the customizable options that the end-user chooses. High market price is one of the reasons that dissuades many end-users from installing automation and control systems, especially in residential buildings. Vendors like Johnson Controls and Honeywell charge the customers on a per square foot basis. For a large building type, it might take end-users a long time to recover the cost of installation. A technician might be needed to control and monitor the overall functioning of the building. For instance, in 2016, Johnson Controls signed a contract worth $12.9 million with Methodist Le Bonheur Healthcare, Tennessee, US to modernize its facility. The amount reflects the level of investment that is required to completely automate the healthcare facility.
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Automated Logic, Honeywell, Johnson Controls International, Schneider Electric, ABB, Beckhoff Automation, Bosch Sicherheitssysteme GmbH, CONTROL4, DELTA CONTROLS, Distech Controls, Dwyer, Emerson Electric, Evon Technologies, Itron, Legrand, Lutron, and Siemens
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