Building Automation Systems’ Market to grow at a rate of 10.65% between 2016 and 2022
The Building Automation Systems’ Market is expected to reach USD 100.60 Billion by 2022, at a CAGR of 10.65% between 2016 and 2022, a recent market research report has been able to suggest.
The report from Markets and Markets, “Building Automation System Market by Product Segments (HVAC Controls, Lighting Controls, Security & Access Controls, Application (Commercial, Residential, & Industrial), and Geography (North America, Europe, APAC, & Row) – Global Forecast to 2022” points out that
The ability of the building automation and control systems to increase the energy efficiency and enhance the security and safety in buildings is one of the major driving factors for the market.
Moreover, the advancements in the wireless communication technologies and convergence of IoT and building automation further drive the growth of the building automation and control systems market.
The market for security & access control systems is expected to lead the global building automation and control systems market during the forecast period. It is very difficult to manually monitor the activities and keep track of people entering and exiting a building, especially in large organizations.
Thus, the need for automatic systems to increase the security level, monitor activities, and control the access has led to the rise in demand for security & access control systems.
The market for the commercial buildings application is expected to hold the largest share of the global building automation and control systems market during the forecast period. This sector has the highest demand for energy conservation and reducing the overall operating cost. This is one of the major driving factors for the growth of this market.
HEATING SYSTEM INTEGRATION WITH ACCESS CONTROL
Like all formerly standalone systems, ubiquitous access control systems are converging and integrating into new and expanded areas of control and facility management, including HVAC. This new integration paradigm offers advantages and efficiencies that are now becoming apparent, thus prompting considerable investment.
As intelligence and capabilities migrate to edge devices, a period is emerging in which we can integrate and control just about every aspect of a business – telecommunications, network and internet access, HVAC control, elevator control, physical access and video surveillance.
The list is limited only by the end-user’s needs and the designer or integrator’s knowledge and abilities. Pushing intelligence to the edge devices will be the future of convergence in the security sector.
In addition to providing substantial cost, security and convenience benefits, there are other benefits from automating physical security and building control. Scheduled maintenance of all security and building control systemscan be combined, thus ensuring maximum return on investment, lower operational costs and reduced system downtime.
If you’d like to find out more about the range of access control and energy management solutions supplied by Tensor, just contact us or Book a Demo, our representatives will be more than happy to answer any questions or queries you might have.