DUBLIN, April 28, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Building Automation and Control Systems Market 2017-2021" report to their offering.
The global building automation and control systems market to grow at a CAGR of 9.52% during the period 2017-2021.
Global Building Automation and Control Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of building automation and control systems.
Most building automation and control systems are incorporating the Internet of things (IoT) within their devices, which is aiding to improve the efficiency of the building. The connection to IoT enables the collection of real time data, which is used in creating dashboards that reflect the energy use in each area. Using this data, energy audits can be conducted to improve the efficiency. IoT in building automation systems help in streamlining the operation of all devices like HVAC, lighting, safety and security, and access controls. Data collected with the help of IoT help in analytics and energy management system. With the help of IoT, the installation, monitoring, and control of building automation and control systems becomes an easy and manageable task.
According to the report, utility bills are a major contributor to the total operational costs of office buildings. Reducing energy use will help companies make significant costs savings. Due to the rise in infrastructural developments, more commercial and office buildings are expected to come up. Fire and safety control, surveillance systems, and HVAC and lighting systems are needed to be installed in these buildings to improve the infrastructure and reinforce safety and security, therefore requiring the installation of building automation and control systems to achieve operational efficiency.
Further, the report states that most of the solutions offered by the vendors are exorbitantly priced. The prices vary depending on the building size and the customizable options that the end-user chooses. High market price is one of the reasons that dissuades many end-users from installing automation and control systems, especially in residential buildings. Vendors like Johnson Controls and Honeywell charge the customers on a per square foot basis. For a large building type, it might take end-users a long time to recover the cost of installation. A technician might be needed to control and monitor the overall functioning of the building. For instance, in 2016, Johnson Controls signed a contract worth $12.9 million with Methodist Le Bonheur Healthcare, Tennessee, US to modernize its facility. The amount reflects the level of investment that is required to completely automate the healthcare facility.
- Automated Logic
- Johnson Controls International
- Schneider Electric
Other prominent vendors
- Beckhoff Automation
- Bosch Sicherheitssysteme GmbH
- DELTA CONTROLS
- Distech Controls
- Emerson Electric
- Evon Technologies
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by solution type
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/h65ksd/global_building
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SOURCE Research and Markets