The global market for Building Automation Systems will more than double by 2031 driven by rising construction activity and growing demand for smart buildings, according to a new report
Figures from the Insight Partners show the Building Automation Systems market will increase from $76.75bn in 2023 to top $167.4bn by 2031.
Building Automation Systems use sophisticated sensors, actuators, and networking technologies to provide centralized control and monitoring systems, such as lighting, HVAC, security, access control, and energy management.
These technologies are designed to maximize building efficiency, lower energy usage, simplify facility management procedures, and guarantee adherence to regulations and standards.
Advancements associated with IP-based devices, SaaS, integration of IoT, machine learning, and other technologies are expected to bring new trends in the building automation system market in the coming years.
North America dominates the Building Automation Systems market. Increasing construction activity across the region, and particularly the development of smart cities in the US and Canada, are expected to boost the sector over the forecast period.
Growing need for sustainable Building Automation Systems
Sustainable buildings aim to minimize energy consumption and carbon emissions. BAS can monitor, control, and optimize HVAC, lighting, and other systems based on occupancy and environmental conditions.
With an increasing shift toward renewable energy sources, such as solar and wind, BAS can intelligently manage the integration and utilization of these sources within building operations, ensuring optimal energy use and substantial cost savings.
BAS provides real-time data on energy usage and environmental metrics, facilitating informed decision-making for energy conservation strategies and compliance with sustainability standards and regulations.
Moreover, BAS can maintain indoor air quality, regulate temperature, and optimize natural lighting, contributing to enhanced occupant satisfaction and comfort.
Sustainable BAS solutions can also result in cost savings, lower maintenance, and prolonged equipment life.
The use of sustainable solutions aligns with global sustainability goals, improving energy efficiency, enhancing occupant comfort, and offering significant economic benefits.
