A new industry report predicts the global building automation and controls market will grow at a double-digit compound annual growth rate (CAGR) from 2013 to 2018, ultimately reaching $49.5 billion by 2018. The report, revealing the results of market research company Markets and Markets’ exhaustive study of the entire market of building automation and controls around the world, cites several factors contributing to the industry’s burgeoning expansion. Consumer demand was found to be the major driver of the building automation controls market: demand for energy efficient buildings, more convenient devices, and enhanced security via building automation and controls.
According to Market and Market (M & M), although building automation as a concept has been in existence for a long time, and the industry experienced prodigious growth in the last five years, there is still enormous demand for HVAC, security, and access controls. Enhancing the demand for building automation and controls is building owners’ increasing need to reduce operating costs, compounded by government-imposed stringent regulations on buildings and energy usage. The report states that evolving technologies, market dynamics, and other factors are affecting each type of controls, leading to changes in the future make-up of the building automation market. While HVAC controls currently contribute to more than 33% of the global building automation and controls market, by the end of 2018 security and access controls are expected to contribute the most. In the lighting controls market, sensors and dimming systems are anticipated to grow at high rates for the next five years.
M & M credits wireless technology with having revolutionized the building automation and controls market, and anticipates increasing awareness of wireless technologies will couple with developing integration of wired and wireless systems to impel the market in the future. The company looks to increasing amounts of government incentives and the assistance of powerline communication to continue to grow the industry market. Global sporting events such as World Cup Soccer in 2014 and the Olympics in 2016 are also cited as offering excellent opportunities for building automation and controls market growth.
Are you interested in a building automation control system for your new or existing building? Advanced Control Corporation can employ the latest technologies to create a customized building automation solution to fit your needs. We can provide you with an integrated building management system that controls your building’s essential systems including:
- HVAC Control – turns on and off the heating system according to designated schedules (time of day, week, etc.); makes sure the building maintains desired temperature during occupancy.
- Lighting Control – uses time and zone controls to lower costs by shutting off lights when the building is empty; occupancy sensors indicate whether or not anybody is present and switches the lights on or off accordingly.
- Air Quality Control – monitors and eliminates unsafe levels of CO, CO2, and NO2 in buildings and parking garages; improves comfort by controlling humidity and eliminating unwanted odors.
As the industry leader in building automation systems, Advanced Control Corporation has provided integrated building solutions for thousands of buildings of all sizes. We have been in the vanguard of building automation innovations for over twenty years, and we plan to continue delivering the finest building automation systems through 2018 – and beyond. Contact Advanced Control Corporation today at 954.491.6660 for a building automation solution of your own.