The building automation market is an expanding global opportunity, with growth underpinned by initiatives taken by governments to promote sustainable smart buildings, decreasing cost of hardware and networking technologies, smart city initiatives, and increased construction activity, amongst others. While reduction in solution cost has been a major driver for the installation of building automation systems for retrofit projects, other factors are impacting installation in new construction projects. As building automation systems have become more affordable, now even small and mid-sized apartment owners are using automation to operate buildings. Previously these systems were not usually deployed in sparsely occupied buildings such as warehouses and garages but with increased affordability these systems have applications in such non-traffic areas as well.
This report summarises the status and forecasts from the Building Automation Application Group found in the Transforma Insights Connected Things IoT forecast. The report provides a description of what is covered in the Application Group, as well as top-level figures from the forecast that provide detail on how many connected devices will be installed, the types of communication technology used and the total revenue opportunity. Full details are accessible through the TAM Forecast tool.
