Building Automation Systems BAS Market Insights Trends Analysis And Forecast 2021
Building Automation Systems (BAS) Market Insights, Trends, Analysis, and Forecast 2021
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Description :
Building automation systems (BAS) are the centralized, interconnected networks of software and hardware, which control the environment in commercial, residential and institutional facilities. The objective of installing building automation systems is to improve resident comfort, reduce energy consumption, and manage building operations effectively. BAS, on the basis of product type, can be categorized into segments such as security and safety, lighting, heating, ventilation, air-conditioning (HVAC) systems, energy management devices, communication and healthcare and child safety, entertainment controls, and smart gadgets. On the basis of end-users, the BAS market can be segmented into industrial, commercial, and residential. Furthermore, based on technology, the BAS market can be segmented into technologies and protocol, cellular networks, and wireless technologies.
Major driving forces for this market include regulatory norms, requirement for superior utility efficiency, increasing global demand for energy, and enhanced customer service. Additionally, need for implementation of smart grid technologies, housing trends, and energy management practices have played a major role in the growth of this market over the past few years.
Furthermore, a restraining force influencing the BAS market is the expenses involved in installation of BAS. Cost benefit ratio and ambiguity regarding the structure of funding in implementation of BAS infrastructure is also acting as a restraining factor in some markets.
Requests a copy of this report @ http://www.orbisresearch.com/reports/reportEnquiry/3549. Recent trends demonstrate that the governments of numerous countries are implementing regulations to minimize energy wastage, which results in increasing usage of building automation systems. More stringent regulations are expected to be implemented in future, which would drive
1
Description :
Building automation systems (BAS) are the centralized, interconnected networks of software and hardware, which control the environment in commercial, residential and institutional facilities. The objective of installing building automation systems is to improve resident comfort, reduce energy consumption, and manage building operations effectively. BAS, on the basis of product type, can be categorized into segments such as security and safety, lighting, heating, ventilation, air-conditioning (HVAC) systems, energy management devices, communication and healthcare and child safety, entertainment controls, and smart gadgets. On the basis of end-users, the BAS market can be segmented into industrial, commercial, and residential. Furthermore, based on technology, the BAS market can be segmented into technologies and protocol, cellular networks, and wireless technologies.
Major driving forces for this market include regulatory norms, requirement for superior utility efficiency, increasing global demand for energy, and enhanced customer service. Additionally, need for implementation of smart grid technologies, housing trends, and energy management practices have played a major role in the growth of this market over the past few years.
Furthermore, a restraining force influencing the BAS market is the expenses involved in installation of BAS. Cost benefit ratio and ambiguity regarding the structure of funding in implementation of BAS infrastructure is also acting as a restraining factor in some markets.
Requests a copy of this report @ http://www.orbisresearch.com/reports/reportEnquiry/3549. Recent trends demonstrate that the governments of numerous countries are implementing regulations to minimize energy wastage, which results in increasing usage of building automation systems. More stringent regulations are expected to be implemented in future, which would drive