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BAS $146 Billion by 2021
Global Revenues for Commercial Building Automation Systems Will Reach $146 Billion by 2021
A report on; Security and Access, HVAC Controls, Fire and Life Safety, Building Management Systems, and Lighting Controls: Global Market Analysis and Forecasts
Because commercial buildings consume roughly 23% of all electricity globally, the automation systems that improve, measure, and verify efficiency are a critical part of global energy management.
Today, there are two important
trends driving the changes in building automation technology and
adoption. The first is the expansive growth of the global building
stock. In particular, China will be challenged to construct the
equivalent of two Chicago-sized cities per year until 2025. This growth
will be accompanied by an increasing number of national energy
efficiency policies that will be enabled in part through building
automation systems. The second important trend is the convergence of
information technology (IT) data and building data. Building automation
controls and field devices, which communicate via a range of protocols
such as BACnet and LonWorks, are starting to be fitted with Internet
Protocol capability so as to utilize the same protocols and
infrastructure equipment as the IT network. In addition, the silos that
have historically characterized IT, property management, software, and
traditional BAS companies are disappearing. Companies such as IBM,
Accenture, and Cisco that have deep experience in managed services and
networking are seeing the building information systems created by
automation systems as fertile ground for expansion.
This Pike Research report analyzes the global market for commercial building automation and management systems including security and access, HVAC controls, fire and life safety, building management systems, and lighting controls. The study examines current market conditions along with an assessment of the competitive landscape and technology issues that will affect the adoption and success of these systems. Market forecasts through 2021 are provided for seven global regions and five key market segments.
Key Questions Addressed:
•What is the state of convergence between enterprise information technology and building automation data?
•What is the total revenue potential for commercial building automation systems by application and geography?
•Which industry and market trends are guiding the development of building automation systems?
•How is the business model changing to deliver BAS information to the enterprise?
•Which companies are at the leading
edge of product development?•What are the geographic influences driving
adoption of building automation systems and which regions are poised
for highest growth rates?
•What are the fastest growing application segments for building automation systems and what are the key drivers in each segment?
Who needs this report?
•Commercial building automation system vendors
•Building owners and managers
Manufacturers of devices and equipment that can be integrated into BAS systems
•Analytics and software vendors
•Networking technology companies
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