Commercial Building Automation Systems Industry 2021

 According to this study, over the next five years the Commercial Building Automation Systems market will register a 3.8%% CAGR in terms of revenue, the global market size will reach $ 85500 million by 2025, from $ 73750 million in 2019. In particular, this report presents the global revenue market share of key companies in Commercial Building Automation Systems business, shared in Chapter 3.

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Building energy management software helps building operators or homeowners to continuously monitor and analyze how much energy is used by a building. It not only notifies building operators or owners of energy drifts but also provides actionable information for energy saving. With the advent of technology, BAS manufacturers are focusing on developing user-friendly software for the management of energy consumption in a building, which, in turn, driving the demand for building energy management software.

The growing deployment of building automation systems in large shopping complexes, office buildings, and public transport areas, such as airports and railway stations, drives the growth of the BAS market for commercial applications. HVAC, lighting, and security and access control systems are the major products used in commercial applications. Of these, security and access control systems have become an integral part of commercial buildings because of the rising security concerns in this sector. Automation of facilities management systems, such as HVAC and lighting control systems, in the industrial sector is boosting the BAS market growth for industrial applications. The increased need for energy-efficient lighting and HVAC control systems and improved standard of living propel the demand for building automation systems in residential applications.