The global market for building automation systems (BAS), estimated in 2018 to be valued at about $36 million, is expected to continue to grow at a compound annual growth rate of 8% between 2019 and 2029 due to growing energy consumption, according to research. Increasingly “easy-to-use” systems are attracting commercial property owners with opportunities like wireless BAS, with the evolving emphasis on connective solutions. Wireless functionalities have fueled remote operations, increasing the effectiveness of building automation systems.
According to another recent survey, The building energy management software market is expected to be the fastest-growing building automation system offering segment during the forecast period (2026).
Building automation systems help in saving energy and reducing operating and maintenance costs. However, end users and building owners hesitate to implement building automation systems due to their perception that the installation costs of these systems are high – which actually depends on the complexity of integration.
BAS market dynamics are substantially driven by a rise in automated safety and security systems and access control in buildings. Businesses make use of these systems for protecting their assets, staff, and information; monitoring activities in buildings; and controlling access to buildings.
Government incentives, regulations and policies to improve energy efficiency are also significant factors encouraging the installation of BAS. The use of different communication protocols within a building automation system is common, and can prevent synchronization and communication among various equipment used in the overall system.