Building automation systems’ market set for strong growth by 2024, recent report reveals
The building automation systems market is set to record a very strong level of growth over the next few years, reaching an estimated USD 121.5 billion by 2024, a recent market research report has been able to suggest.
The “Building Automation System Market by Communication Technology, Offering (Facilities Management Systems, Security & Access Control Systems, Fire Protection Systems, and Building Energy Management Software), Application, Region – Global Forecast to 2024”, published by MarketsandMarkets™ suggests that this market sector will grow at a CAGR of 10.12%.
The growth of this market is mainly driven by several factors, such as a high focus on designing and establishing energy-efficient and eco-friendly buildings and several benefits of BAS, development of wireless protocols and wireless sensor network technology for BAS, and rapid infrastructure growth in developing nations.
Security and access control systems accounted for the largest share of the BAS market in 2018, and a similar trend is likely to continue in the near future. The demand for home security solutions is growing at a rapid pace because of various factors, such as technological advancements, the rise in crime rates, the increased need for medical assistance to senior citizens at home and monitoring the children at home.
The industrial application includes manufacturing facilities, distribution facilities, warehouses, and other infrastructure buildings of automotive, chemicals, metals, engineering, mining, pharmaceuticals, oil & gas, and other industries. The segment is expected to adopt smart building solutions to achieve energy and cost savings, higher productivity, enhanced identity and access management, and optimized surveillance.
HeatingSave – the building management system (BMS) to help you save energy and money
Replacing your central heating clock with a HeatingSave energy and boiler management controller is the quickest way of beating those tariff rises and saving on energy costs, often paying for itself in less than a year but almost always in less than 3 years.
HeatingSave can cut your energy usage by 20% to 30% with its energy management control, as its internal microprocessor constantly calculates and improves the efficiency and savings of your central heating system.
Using HeatingSave, simply choose the room temperature and the hot water you want, and when, and HeatingSave does the rest. It works with all central heating systems – oil, gas or coal – and links up with a PC to produce reports and graphs to fashion a powerful and complete energy management system.
The system is backed by the Carbon Trust and the Energy Savings Trust.