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.