An extensive forecast study, titled “Global Market Study on Building Automation Systems: Security & Surveillance System Segment Projected to Increase 2.6X Between 2016 and 2026” has been broadcasted to the online repository of Market Research Reports Search Engine (MRRSE). This 233-page precise study encapsulates valuable details about the market current scenario as well as its future projections on a global and regional level. It further intensely aims to provide major insights into the market’s growth throughout the above-mentioned forecast period in terms of volume and revenue (in US$ Mn). Moreover, the research also investigates market expansion in some of the prime regions such as North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA).

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Building automation systems are centralized, interlinked networks of hardware and software, which monitor and control the environment in commercial, industrial, and institutional facilities. While managing various building systems, the automation systems ensure the operational performance of the facility as well as the comfort and safety of building occupants. The aim is to create an intelligent, effective building framework and reduce energy and maintenance costs of the facility.

Factors impacting revenue growth of the global building automation systems market

The global building automation systems market is anticipated to witness high revenue growth during the forecast period, owing to increasing global adherence to building regulatory compliance thereby boosting the demand for building automation systems. Governments of various countries are adopting regulations to minimize wastage of energy. As buildings, including commercial, government and residential, consume a major volume of energy and resources, stringent regulations are expected to be adopted by countries in the near future. European countries and Japan already have regulations to adhere to, and this is the trend growing in the U.S. Such regulations are expected to fuel demand for building automation systems over the forecast period.

Building automation systems solutions reduce energy consumption and enable cost savings. According to the United Nations Environment Programme (UNEP), buildings including commercial, residential, government and others consume 40% of energy produced globally, wherein residential and commercial buildings consume approximately 60% of the world’s electricity and uncontrolled building operations lead to unnecessary energy wastage of between 10% to 25%. Building automation systems aid in minimizing these numbers, which is a major factor driving revenue growth of this market. Building automation systems allow efficient monitoring and control of various functionalities, thereby enabling optimization of energy consumption and cost savings.

Also, new technologies entering the market in the field of building automation are resulting in an increasing number of users adopting these solutions and an increasing number of providers offering these solutions and services. Some of the new technologies driving global market demand include web-based or cloud-based control networks supported by IoT, wireless and mobile technologies, integrated building system and facility management solutions etc. Rising security concerns and a growing need for integrated security and monitoring services are contributing to global demand for building automation systems.

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Security and surveillance solutions to witness increasing demand in the global market

Security and access controls currently accounts for majority revenue share in the global building automation systems market. These solutions include safety-critical (e.g. fire or social alarm systems) and security-critical (e.g. intrusion alarm or access control systems) services. Among the system types, the security & surveillance segment is anticipated to hold the largest market share of more than 30% throughout the forecast period. The security & surveillance segment is expected to register high Y-o-Y growth rates throughout the forecast period and is projected to retain its dominance among the various system types throughout the forecasted years. In terms of value, the HVAC segment is anticipated to register a comparatively higher CAGR during the forecast period.

Developments trending the building automation systems market

Security monitoring solutions are increasingly being integrated with other building automation modules to provide single-point control systems. This integration is expected to provide additional benefits such as cost reduction, simplified management, enhanced communication among building management modules, reduction in incident response time, etc. Technological innovations in HVAC systems is expected to result in the advent of advanced energy saving solutions for building automation systems. In the future, companies offering HVAC solutions are expected to focus on full open network communications between controllers, distributed high intelligence of all components, and technological advancements in energy optimization.

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