Construction Innovation: Invest Early and Build Competence for Your Future

Jason Janning, Senior Vice President and General Manager, Hilti North America

Construction Innovation: Invest Early and Build Competence for Your Future

Harnessing the Power of BIM Technology to Optimize Collaborative, Successful Projects

Tom Perry, Senior Director - Engineering Services, Shawmut Design and Construction

Harnessing the Power of BIM Technology to Optimize Collaborative, Successful Projects

Automating Smart Buildings in a Smarter Way

Ajay Kamble, CIO, Turtle & Hughes, Inc.

Automating Smart Buildings in a Smarter Way

Propelling The Construction Industry Forward With Automation

Alex Zeines, Chief Technology Officer, JRM Construction Management

Propelling The Construction Industry Forward With Automation

Building Automation System Market Worth Expected to Rise Rapidly

Construction Tech Review | Tuesday, November 23, 2021

 In the coming years, the building energy management software market is predicted to be the fastest-growing building automation system offering sector.
 
Fremont, CA: The global building automation system market is anticipated to expand from USD 73.5 billion in 2021 to USD 112.1 billion by 2026, with a CAGR of 8.8% expected over the forecast period. The developing need for energy-efficient buildings with advanced security systems is fueling the extension of the building automation system market.

Besides, advances in wireless communication technology have diminished the complexity and cost of retrofitting older buildings with building automation systems, according to a research report "Building Automation System Market with COVID-19 Impact by Communication Technology, Offering, Application, Region - Global Forecast to 2026", published by MarketsandMarkets.

increased energy prices and the implementation of stringent energy-efficiency rules have made it critical to monitor building energy consumption and emissions. Building energy management software assists building owners and operators in continuously observing and analyzing the amount of energy consumed by their structures. They not only alert building operators or owners to energy drifts, but they also provide actionable data for energy conservation.

The adoption of Video Surveillance-as-a-Service has resulted in the greatest CAGR for video surveillance services (VSaaS). The increasing importance of VSaaS in numerous application areas, as well as perks such as remote access and management, is driving market expansion. Because video feeds are kept in the cloud, consumers can access and manage them with an internet connection using a desktop, laptop, or mobile device from any location.

North America is one of the world's most developed areas. It's also a big deal when it comes to constructing automation systems. In 2020, the area accounted for a significant portion of the market for building automation systems. Because of the rising demand for energy management and the growing demand for green homes the building automation system market in North America has been expanding. The North American market has been researched for the United States, Canada, and Mexico. Government agencies in the region collaborate to promote energy production and consumption that is both efficient and environmentally friendly.

Read Also

follow on linkedin follow on twitter 2021 All Rights Reserved | by: constructiontechreview
Top