Building Automation System consists of a microprocessor system that is based on a connection of wired or wireless controllers to diverse systems in a building. The main aim of building an automation system is to improve building structural efficiency. It is designed to monitor and control various parameters such as mechanical, heating, ventilation, and air conditioning (HVAC), humidity, ventilation systems, security, fire, and lighting within a building or across several campuses.
The Global Building Automation System Market is accounted for $64.70 billion in 2021 and is expected to reach $132.64 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Building automation systems help in automating the security of a building using video surveillance and biometric systems. A video surveillance system monitors and records the behavior and activities of people. Surveillance systems are deployed at airports, schools, office buildings, and so on. Several governments have made it mandatory to install these systems for the protection of public places and critical infrastructure owing to the growing focus on security issues due to increasing terrorist attacks and criminal activities.
The commercial segment is expected to be the largest share in the market. The surging deployment of building automation systems in large shopping complexes, office buildings, and public transport hubs, such as airports and railway stations, drives the growth of the building automation system market for commercial applications. HVAC controls, lighting controls, and security and access controls are the key systems used in commercial applications. Of these, security and access controls have become an integral part of commercial buildings owing to the rising security concerns across the world.
North America is projected to hold the largest share in the market. The region accounted for a major share of the building automation system market. The rising requirement of energy management and the increasing demand for green homes has resulted in the growth of the building automation system market in North America. The market in North America has been studied for the US, Canada, and Mexico. Government organizations in countries of the region work together for efficient and clean production and use of energy.
Some of the key players profiled in the Building Automation System Market include ABB Inc., Acuity Brands, AMAG Technology, Autani LLC, Azbil Corporation, Bosch, Cimetrics, Cisco, Control4, Delta Controls, Eaton Corporation, Echelon Corp., General Electric, Honeywell, Ingersoll Rand (Trane), Johnson Controls, and Siemens AG.
In August 2020: Siemens launched Desigo PXC4 for HVAC plants and Desigo PXC5 for the function and integration of HVAC systems. These new generation Desigo building automation controllers help automate small and medium-sized buildings to get the most flexible and scalable building automation.
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