Building Automation and Controls Market Expected to Reach $49.5 Billion by 2018

A new report, “Global Building Automation & Controls Market (2013 – 2018): By Product (Lighting, Security & Access, HVAC, Entertainment, Outdoor, Elevator Controls, Building Management Systems (BMS)), Application & Geography (Americas, Europe, APAC, and ROW)”, published by MarketsandMarkets, states the total building automation and controls market is expected to reach $49.5 billion by 2018, growing at a CAGR of 11.2 percent from 2013-18.

The concept of building automation has been in existence for a long time and has witnessed profound growth in the last five years. Energy efficiency is the most important factor in almost all building programs, hence the demand for energy-efficient solutions and enhanced security. Increasing venture capital funding and more convenience also have spurred the market for building automation and controls. The growing awareness of wireless technologies and the developments toward the integration of wired and wireless will propel the market in the future. Commercial application remains the major application market, however high growth is expected in stadiums because of the FIFA World Cup to be held in Brazil in the year 2014, Winter Olympics, the Universiade Student Games and the 2018 World Cup in Russia. It is observed that HVAC, security and access controls accounted for the major market share in 2012.

One of the objectives of the research study was to analyze the market trends for each product type and the growth rates of all the various controls and their comparison with other controls. The report also covers the various protocols and standards used—wired and wireless; Porter’s five force analysis; value chain with detailed process flow diagram; and market dynamics, such as drivers, restraints, and opportunities for the overall building automation markets and major control products.

Stakeholders:

  • Automation and control vendors
  • Automation and control networking technologies vendors
  • Real-estate builders
  • System integrators
  • Building owners
  • Project/building consultants
  • Designers/consultants (HVAC, security, fire & safety, etc.)
  • Components manufacturers (sensors, controls, etc.)
  • Building management systems (product & servers providers)
  • Associations & standards
  • Government bodies involved in green buildings

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