Commercial Building Automation Market to Top $43 billion by 2018, Says ABI
NEW YORK -- April 30, 2013
After years of steady but low growth the commercial building automation
systems (BAS) market is experiencing a rapid period of change and investment.
Traditionally, growth and adoption has been closely tied to new building
completion but new entrants and new connectivity are driving greater
investment. Over the next five years the building automation services market
will grow to $43 billion, up from $35 billion this year.
Two key factors are driving a new round of growth. Greater environmental and
financial demands have raised the appeal of reducing energy consumption in
commercial buildings and the benefits for optimizing building automation
systems. In addition, a new level of connectivity that stretches the reach of
BAS’s from new sensors and actuators through to cloud application management
and data analysis.
“This is a market long dominated by a handful of major players who deploy and
manage commercial building management systems,” says Jonathan Collins,
principal analyst at ABI Research. “Now these players are developing new ways
to integrate and compete with a host of new service offerings.”
Dominant players Siemens, Johnson Controls, Honeywell, and Schneider Electric
are increasingly seeing demand for their BAS systems connected to third-party
player software as building owners gradually look to gain savings and offer
additional level of control within their properties. Within the BAS market,
software and services will see the greatest revenue growth while hardware will
lag as the pricing of actuators and switches fall.
In its latest Market Data analysis of the BAS market, ABI Research charts and
forecasts the growing demand and revenue potential for building automation
systems and the devices that connect to them.
These findings are part of ABI Research’s Home Automation Research Service
which includes Research Reports, Market Data, Insights, and Competitive
Assessments. These reports cover the development of the commercial building
automation as well as home automation markets across a range of technologies.
ABI Research provides in-depth analysis and quantitative forecasting of trends
in global connectivity and other emerging technologies. From offices in North
America, Europe and Asia, ABI Research’s worldwide team of experts advises
thousands of decision makers through 70+ research and advisory services. Est.
1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
Christine Gallen, Tel: +1-516-624-2542
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