Dublin, July 29, 2020 (GLOBE NEWSWIRE) — The “Global Building Automation Systems (BAS) Market, Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The world-building automation systems (BAS) market is poised to grow at a moderate CAGR of 3.4% for the period 2019-2026. The key factors for growth are energy efficiency requisites, energy conservation, and favourable government initiatives, rising energy prices, and strict building codes, aiding BAS systems adoption. Regulatory drivers will have a direct impact on the BAS market growth throughout the forecast period. Other drivers impacting the market are brownfield and greenfield opportunities for new and existing building stock and transformation technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), data analytics, and the cloud impact on the building automation and building energy management markets.Building across the globe account for nearly 40% of worldwide energy consumption and cumulatively emit high levels of carbon dioxide. Growth in population, increasing demand for building services, and improved comfort levels, together with a rise in time spent inside buildings, ensure that the upward trend in energy demand will continue. For this reason, energy efficiency in buildings is a prime objective for energy policy at the regional, national, and international levels. The building stock’s energy-intensive nature is a prime motive supporting the development of smarter and more efficient building infrastructure, for which BAS is considered a prerequisite asset.The market has been transitioning from traditional BAS systems with the core control and automation of heating, ventilation, and air conditioning (HVAC) to encompassing intelligent networking of all systems in buildings such as lighting, fire, access and safety, and facilities management. The main aim is to seamlessly integrate them into the overall building management and optimization. The main evolution is in buildings being smarter, interactive, and energy-efficient. Occupancy comfort is the main focus of building automation and energy management. Building automation has evolved as simple control of a complex system, with the convergence of IoT, AI, and intelligent buildings.High demand for smart BAS systems, integrating operational technology (OT) control network with IT (IoT application), has been seen across countries in North America and Europe and Asian countries such as Singapore, Malaysia, Japan, and China. Emerging economies are expected to witness higher demand for these in the mid-to-long term.The convergence of technologies will continue to change the dynamics of the BAS market by reducing operating and infrastructure costs and improving the financial optimization of buildings.Key Issues Addressed
Key Topics Covered:
1. Executive Summary
3. Drivers and Restraints – Total BAS Market
4. Forecast and Trends – Total BAS Market
5. Market Share and Competitive Analysis – Total BAS Market
6. Growth Opportunities and Companies to Action
8. Europe Analysis
9. APAC Analysis
10. MEA Analysis
11. Latin America Analysis
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/9jmqr6
About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.