Global Building Automation Market to Grow
Need and growing concern for faster response and precision leads to market growth
DUBLIN — The global building automation and control systems market is expected to grow at a compound annual growth rate (CAGR) of 9.04 percent in terms of revenue during 2014-2019, according to a new report from Research and Markets.
A building automation and control system is a systematized interlinked network control system. It’s normally installed in residential, commercial, institutional, and public buildings to control and monitor the Mechanical, electrical, and plumbing (MEP) systems, such as power monitoring, security, closed-circuit TV (CCTV), fire alarm systems, elevators and escalators, plumbing and water monitors, air-handling units (AHUs), variable air volumes (VAVs), and more. It uses both hardware and software that monitor and control the building’s environment.
The hardware and software are configured using various protocols such as C-bus and profibus. The need and growing concern for faster response and precision has led to the large-scale adoption of automation and control systems in buildings. The need for customization, maintenance, support, reliability, total cost of ownership, and high energy efficiency have boosted the demand for automation and control systems.
The report, “Global Building Automation and Control Systems Market 2015-2019,” covers the present scenario and the growth prospects of the global building automation and control systems market. To determine the market size, the report considers revenue generated from the sales revenue of lighting control, security and access control, HVAC control, building management systems (BMS), fire and life safety, and others.
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Publication date: 12/21/2015