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NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) -- The global building automation system (BAS) market is projected to reach USD 119.23 Billion while experiencing a CAGR of 11.2% during the forecast period. Factors driving the market growth are increasing penetration of IoT, and rapid growth of construction industry in emerging economies. In addition, increasing demand for energy-efficient solution in buildings is expected to impel the industry growth over the years to come. Moreover, favorable government initiatives for the development of smart cities are creating an ample opportunity for the industry during the forecast period.
A building automation system (BAS) is a computer-based control system used to control and monitor the operation of building’s mechanical as well as electrical equipments such as lighting, ventilation, security systems, power systems and among others. Moreover, it aids in connecting various systems that are coordinated by an integrated system. Besides, building automation systems are equipped with the user interface which allows them to adjust control settings as per their requirement and enables them to maintain the optimal temperature of the building.
Moreover, deploying centralized computer-based automation system in large commercial buildings helps to evaluate, monitor, and control the systems used within the building, and can reduce the energy consumption upto 20%. Furthermore, these systems can decrease operating costs, enhance thermal parameters, ensure and maintain efficient operation, and gives real-time status information while ensuring a high level of comfort and energy efficiency.
Browse full research report with TOC on "Global Building Automation System (BAS) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2019-2025" at: https://www.energiasmarketresearch.com/global-building-automation-system-bas-market-report/
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Key findings of the report:
The report provides the market value for the base year 2018 and a yearly forecast till 2025 in terms of revenue (USD Billion). The report segments building automation system market on the basis of offering, control technology , application, and region.
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