Last edited 12 Mar 2018

Building Automation and Control System Market

The Building automation and control system (BACS) market was estimated as USD 30.8 Billion in 2014 and is expected to grow at a CAGR of 9.04% over the forecast period.

BACS are used to control and monitor the mechanical, electrical and plumbing (MEP) system such as; security, power monitoring, CCTV, lifts and escalators, fire alarm systems, water monitoring and plumbing. The are installed in commercial, residential, public buildings and institutional buildings and use both software and hardware for monitoring and controlling the premise’s environment.

The growing need for faster response with precision has led to the increasing adoption of BACS. The control system aids in saving operating costs with existing energy resources and reduces the emission of carbon dioxide. The increasing need for reliability, maintenance and support, customisation, and the need for the energy efficiency has fuelled market growth. Increasing implementation of the internet of things (IoT) in commercial buildings such as retail stores, corporate offices and production factories has further reduced energy consumption and enhanced the energy efficiency.

Businesses are switching from pneumatic devices to digital direct control (DDC) owing to their compatibility with the new devices.

The major players in the market include; Johnson Controls, Honeywell, Automated Logic and Schneider Electric.

The market is segmented by products which include; security and access control, lighting system, building management systems (BMS), heating ventilation and air conditioning (HVAC) control, fire and life safety, and others.

End users are segregated into; residential, commercial and institutional and public buildings.

The emergence of energy efficient buildings has driven automated lighting control systems such as timers, sensors, and photo sensors.Energy efficient lighting sources include LEDs and incandescent lamps which require less maintenance acn offer better lighting coverage. Furthermore, enhanced security systems such as CCTV, HDR system integrated with software for illegal intrusion, smoke and fire alarms are also installed for enhanced security within the premises.

Industry vendors offer customised automation solutions at competitive prices for specific applications to meet the diversified needs of customers.

Increasing large scale adoption in healthcare and industrial market in several countries of North America such as U.S., Mexico, and Columbia is expected to enhance the industry growth over the forecast period. Growing investments in infrastructure and high awareness for energy efficiency is projected to boost the market in Europe. Furthermore, APAC region is anticipated to witness growth over the forecast period owing to increasing investments from foreign investors in Oil and Gas sector, infrastructure, and industrial parks.

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