The e-magazine for KNX home & building control

BCC Research Expects Building Automation Systems Market to Reach US$116 Billion by 2020

Building automation market in a slow but steady growth period

The global building automation systems market was worth $90.1 billion in 2014. This market should reach $94.1 billion in 2015 and nearly $116.4 billion by 2020, registering a compound annual growth rate (CAGR) of 4.3 percent, according to a new report from BCC Research.

Transformation has gradually been taking place in the building management system (BMS) market. This market is trailing other markets, and, as a consequence, these new technologies have had limited impact on how BMS systems work. BCC Research shows BMS systems will have a profound impact in the future, and, as a result, suppliers are trying to position themselves to take advantage of these changes.

The building automation market has been in a slow but steady growth period. While the various products are grouped together in this market, they’re at various stages of development and showing varying degrees of growth with more mature sectors, such as HVAC and lighting, demonstrating lower growth rates than emerging sectors, like energy management and security.

In industrialized markets, such as Europe and North America, the number of new construction projects has slowed. In booming markets, such as China, and emerging markets, like South America and Africa, the underlying infrastructure is not yet as well developed, so there’s more new construction and higher growth rates for building automation initiatives in these markets than in the more mature venues. The changing market dynamics leave established vendors’ markets open to intrusion from newcomers who can leverage technology to deliver products and services more effectively.

“The most sophisticated, extensive, and integrated control systems are frequently found in the newest buildings or those that undergo significant renovations. Thus, the market for building automation systems is inextricably linked to the fortunes of the construction industry,” said Paul Korzeniowski, research analyst, BCC. “The industry is served by hundreds of thousands of businesses worldwide. This places the market for these products with architects, developers, contractors, and construction companies.”

The report examines technologies, markets, and factors influencing the markets for integrated control systems and systems that integrate the controls of various subsystems. Markets are forecast on the basis of historic activity and current opportunities, government initiatives and policies, and the status of the construction and renovation industries in specific nations.

www.bccresearch.com

Share on facebook
Share
Share on twitter
Tweet
Share on linkedin
Share

SPONSORS

Products of the month

KNX Switch Actuators Upgrade


KNX Switch Actuators Upgrade
The new ABB ETS App Version 1.1 has a pack of new features empowering the switch actuator range further ...

thePixa Optical Presence Detector


thePixa Optical Presence Detector
Theben's thePixa KNX optical presence detector detects how many people are in a room and where exactly they are ...

Conventional becomes smart


Conventional becomes smart
No dirt, no noise, no bus line – the classic electrical installation is sufficient: the new JUNG KNX RF push-buttons ...

AVE’s KNX room controller


AVE’s KNX room controller
Ideal for home and hotel, AVE Room Controller is a high-design solution with OLED display and touch controls, which ...