Building Automation Systems to Hit $34 Billion
The market for networked building controls is expanding as building owners realize the cost savings offered by automated, real-time control of major systems within their facilities. According to a new report from Navigant Research, Integrated building management and building automation systems (BASs) in the worldwide market will grow from $20.1 billion in 2013 to $34.7 billion by 2021. Shipments of communications nodes for BASs will reach 387 million annually as well.
The networks of sensors, switches, fans, alarms, and other devices, along with powerful software tools, provide a real-time view of the current state of a building. Building automation systems can drastically reduce energy usage and costs, alert building operators to repair or maintenance needs, and provide significant upgrades to occupant comfort and safety. Energy prices are driving the market but also the increased availability of simple-to-use, web-based dashboards for building management.
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