World Building Automation Systems (BAS) Markets, Forecast to 2022
Energy Efficiency Initiatives and Converging Technologies will Establish Mass Adoption of BAS solutions
NEW YORK, Jan. 11, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05281644
The global building automation systems (BAS) market is poised for healthy growth in the next five years. The key driving factors are growing use of internet of things (IoT) technology, the rising popularity of LED lights for utilization of energy efficiently, increased reliance on wireless technology, and concern for overall energy consumption in buildings.
Distributors and system integrators will continue to dominate the sales distribution channels for BAS globally. However, direct sales from manufacturers are increasing in importance as suppliers seek to increase direct engagement with key customers as systems become more customized and technologically sophisticated. The growth in service-based business models is also driving the need for suppliers to engage directly with customers and will lead to growth in direct sales.
Among the main future trends are voice-over-technology where the users would be able to interact with the BAS directly. The very same systems will be remodeled using machine-learning algorithms. The integration of artificial intelligence (AI) into BAS is expected to be the next major technology trend in this market.
Key Companies:
• Siemens
• Johnson Controls
• Schneider Electric
• Honeywell
• ABB
• Bosch
Read the full report: https://www.reportlinker.com/p05281644
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Contact Clare: [email protected]
US: (646)-751-7922
Intl: +1 646-751-7922
SOURCE Reportlinker
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article