The development of Internet with information technology is driving the building automation market by opening new application areas. The building automation increased power savings besides enhancing the living standards and facilitating a suitable life for the consumers. Increasing demand for security and safety of a building along with the development of systems to provide lighting to a building is expected to drive the building automation market over the forecast period. The building automation systems are now embedded with digital communications and computing tools that are capable to enhance energy efficiency and optimization increasing the comfort and health of the occupants. Increasing demand for controlling disparate systems in commercial building is anticipated to raise the market demand over the next seven years. BAS systems analyze the vast data and are expected make systems integration relatively easy.
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Construction of new buildings and
booming real estate market is expected to escalate the building automation
market. Factors such as Growth in corporate environment and increased demand
for office space as well urban and semi-urban accommodations attribute to the
market growth. The commercial building automation market highly depends on
fluctuating rate of building retrofits and new constructions, which are driven
by changing economic conditions and market trends in emerging economies.
Strict regulations being imposed
by the governments in the real estate sector and increasing cost-saving needs
of the commercial building owners are the primary factor contributing to the
growth of this market. In economies such as India, the government has initiated
to allow foreign direct investment of upto 100% which would boost the
infrastructure activities in India. The
growing awareness of wireless technologies and the developments in terms of the
integration of wired and wireless technologies will steer the industry growth.
High cost of installation and
slow return on investment for building owners is expected to pose challenges to
the building automation market. Procurement and cost of raw materials have been
increasing steadily making it difficult for manufacturers. Uncertainty of the
trends increases the risk of investment in the market.
The lighting controls regulate
and save power through devices such as dimming systems and sensors. These
systems where Initialized with wired technologies providing high quality of
service applications such as security, life safety and fire. The wireless
technologies has further increased deployment of automation controls in the
market; especially in retrofit buildings in which addition of new technology to
the older buildings helps in preventing renovation or reconstruction of the
buildings.
The Global Commercial Building
Automation market can be segmented into three major segments based on products,
which include, Security & Access, HVAC and Lighting Control System. The
security & Access controls product such as camera and video surveillance,
monitors and biometrics holds major market segment followed by Environmental
controls (HVAC) which includes smart thermostats, control valves and actuators
owing to increased concerns related to energy conservation.
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Based on the application segments of the market, commercial buildings
are expected to be the largest verticals over the forecast period followed by
retail and public buildings. Among the other different verticals, health care
and hospitality are expected to witness growth. In hospitality industry,
the short refurbishment cycles in hotels are becoming a lucrative market for
solution providers to upgrade or replace existing systems with more intelligent
systems to improve the overall customer experience. In health care, increasing
compliance requirement and regulatory systems are driving the use of connected
medical devices to improve patient comfort.
Majority of the revenue is
expected to come from the worlds three largest markets: Europe, Asia Pacific
and North America. Among which Europe contributes the largest market in terms
of revenue. In UK, many large commercial buildings occupy greater than 10000 m2
space. North America and Asia Pacific are expected to represent fastest growing
markets owing to increased demand for commercial space.
Major players operating in the
global market include Schneider Electric (France), Johnson Controls (U.S.),
Siemens (Germany) and Honeywell (U.S.) hold a strong position and share more
than 60 percent of the market. Other companies include control4 (U.S.), Robert
Bosch Gmbh(Germany) and Tyco(Switzerland). Schneider electric has the latest
web based technology to provide integrated building information, complete
comfort and cost effective environmental control to the consumers.
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