Sept. 1, 2014: Energy Efficiency, Advanced Features to Transform Building Automation Market
Intelligent Controls, Fault Detection, and Remote Correction on the Cloud Encourage Building Owners to Invest
LONDON — Building owners across the globe are increasingly adopting building automation (BA) systems to tackle rising energy costs, according to a report from Frost & Sullivan. Opportunities for manufacturers will be particularly promising in the stabilizing economies of Brazil, China, Germany, India, Russia, and the United States due to high infrastructure spending.
Analysis from Frost & Sullivan’s Global Building Automation Market report finds that the market earned revenues of $5.78 billion in 2013 and estimates it will reach $7.28 billion in 2018. The data center and hospitality application segments are expected to experience rapid growth due to growing Internet penetration in emerging nations and the expansion of the tourism market.