Persistence Market Research offers a four year trend analysis for 2012 to 2016 and an eight year forecast for the global building automation systems market between 2017 and 2025. This study demonstrates the market dynamics and trends globally across five regions North America, Latin America, Europe, Asia Pacific, and Middle East and Africa which influence the current nature and future status of the building automation systems market over the forecast period.
Report Description & Structure
This research report provides a detailed analysis of the building automation systems market and offers insights on the various factors driving popularity of these systems. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on system, by application and region. On the basis of system, the market is segmented as security & surveillance, HVAC, lighting solutions, building energy management, and others. On the basis of application segment, the market is segmented into commercial, residential, government, and others. The report starts with an overview of the global building automation systems market in terms of value. In addition, this section includes analysis of factors, opportunity analysis and technology trends influencing the building automation systems market. Impact analysis of key growth drivers and restraints based on the weighted average model and our analysis and recommendation is included in this report to facilitate clients with crystal clear decision-making insights.
A detailed analysis has been provided for every market segment in terms of market size analysis across the different assessed regions. The report provides a detailed analysis covering key drivers, restraints and trends and key regulations across the various regional markets and highlights market presence (intensity map) for key representative market participants. The report provides a market outlook for 2017–2025 and sets the forecast within the context of the building automation systems market including latest technological developments as well as service offerings in the market. This study discusses key trends within countries contributing to the growth of the global market, as well as analyses the degree at which drivers are influencing this market in each region. This report evaluates historical trends, present scenario and the growth prospects of the building automation systems market across various regions globally for the period 2017 –2025. We have considered 2016 as the base year and provided data for the trailing 12 months.
In the final section of the report, we include a competitive landscape to provide clients with a dashboard view based on categories of providers in the value chain, presence in the building automation systems portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global building automation systems value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global building automation systems market.
To calculate global building automation systems market size, we have considered country wise adoption rate of building automation systems across different verticals. Further, we have also analyzed the revenue contribution from key market players. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the building automation systems market will develop in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analyses based on adoption trends. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market.
An introduction to the building automation systems market
Building automation systems are centralized, interlinked networks of hardware and software, which monitor and control the environment in commercial, industrial, and institutional facilities. While managing various building systems, the automation systems ensure the operational performance of the facility as well as the comfort and safety of building occupants. The aim is to create an intelligent, effective building framework and reduce energy and maintenance costs of the facility.
Factors impacting revenue growth of the global building automation systems market
The global building automation systems market is anticipated to witness high revenue growth during the forecast period, owing to increasing global adherence to building regulatory compliance thereby boosting the demand for building automation systems. Governments of various countries are adopting regulations to minimize wastage of energy. As buildings, including commercial, government and residential, consume a major volume of energy and resources, stringent regulations are expected to be adopted by countries in the near future. European countries and Japan already have regulations to adhere to, and this is the trend growing in the U.S. Such regulations are expected to fuel demand for building automation systems over the forecast period.
Building automation systems solutions reduce energy consumption and enable cost savings. According to the United Nations Environment Programme (UNEP), buildings including commercial, residential, government and others consume 40% of energy produced globally, wherein residential and commercial buildings consume approximately 60% of the world’s electricity and uncontrolled building operations lead to unnecessary energy wastage of between 10% to 25%. Building automation systems aid in minimizing these numbers, which is a major factor driving revenue growth of this market. Building automation systems allow efficient monitoring and control of various functionalities, thereby enabling optimization of energy consumption and cost savings.
Also, new technologies entering the market in the field of building automation are resulting in an increasing number of users adopting these solutions and an increasing number of providers offering these solutions and services. Some of the new technologies driving global market demand include web-based or cloud-based control networks supported by IoT, wireless and mobile technologies, integrated building system and facility management solutions etc. Rising security concerns and a growing need for integrated security and monitoring services are contributing to global demand for building automation systems.
Security and surveillance solutions to witness increasing demand in the global market
Security and access controls currently accounts for majority revenue share in the global building automation systems market. These solutions include safety-critical (e.g. fire or social alarm systems) and security-critical (e.g. intrusion alarm or access control systems) services. Among the system types, the security & surveillance segment is anticipated to hold the largest market share of more than 30% throughout the forecast period. The security & surveillance segment is expected to register high Y-o-Y growth rates throughout the forecast period and is projected to retain its dominance among the various system types throughout the forecasted years. In terms of value, the HVAC segment is anticipated to register a comparatively higher CAGR during the forecast period.
Developments trending the building automation systems market
Security monitoring solutions are increasingly being integrated with other building automation modules to provide single-point control systems. This integration is expected to provide additional benefits such as cost reduction, simplified management, enhanced communication among building management modules, reduction in incident response time, etc. Technological innovations in HVAC systems is expected to result in the advent of advanced energy saving solutions for building automation systems. In the future, companies offering HVAC solutions are expected to focus on full open network communications between controllers, distributed high intelligence of all components, and technological advancements in energy optimization.