Search results for: 'Emerging Markets Building Management Systems Growth Opportunities'

The Southeast Asian building management system (BMS) market is growing due to increasing urbanization, industrialization, and the emphasis on energy efficiency and sustainability. Industry convergence and the emergence of new technologies have contributed to a sharp increase in the adoption of digital solutions in buildings, thus boosting demand fo...

The global building automation system (BAS) market is undergoing a significant transformation. The rapid increase in the digitalization of buildings has resulted in a spurt in demand for smart building management solutions and BASs. These technologies are causing significant disruptions, driving a shift away from traditional building administration...

12 Sep 2023  |  Global  |  Technology Research

Growth Opportunities and Impact of Sensors and Digital Technologies on Building Automation

The Need to Improve Indoor Air Quality, Occupancy Sensing, and AI and Digital Twin are Driving Building Automation Market Growth.

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Building automation is increasingly relying on sensor technologies and digital services. Buildings use sensors to gather information based on a range of operational and environmental factors, including temperature, humidity, light levels, occupancy, and energy. The information can be utilized to improve building performance in a variety of ways, in...

The global air traffic management industry is a vital component of the aviation sector, responsible for ensuring the safe, efficient, and orderly flow of air traffic. In 2022, the industry generated substantial revenue of $3,740.9 million, and it is projected to witness a steady growth rate at a CAGR of 3.8% from 2022 to 2032, reaching an estimated...

Just as global markets show signs of moving on from the disruptions caused by COVID-19, the French economy now faces a period of high inflation and low economic growth. High inflation will act as a tailwind for rising prices and revenues. While this is expected to drive revenue expansion, it will increase costs and put pressure on margins. Franc...

Frost & Sullivan defines a smart building as one equipped with networked devices that help provide a safe, productive, and comfortable environment for its occupants while optimizing operational and energy performance. Smart building industry participants, including leading, emerging, and start-up companies, innovate to achieve building decarbonizat...

The global building construction market saw a decline in output in 2020 due to the COVID-19 pandemic. However, following the reopening of economic activities in 2021, market recovery in many countries resulted in an extraordinary growth of 14.7% that year. The market will register a CAGR of 5.8% from 2022 to 2028. Three major strategic imperatives...

The COVID-19 pandemic has accelerated the need to automate buildings, presenting opportunities to increase digitalization and underscoring the need to decrease energy consumption in buildings. This has resulted in a spurt in demand for smart building management solutions. The Internet of Things (IoT), artificial intelligence (AI), and cloud technol...

The COVID-19 pandemic accelerated digitalization in buildings. Driven by increasing demand for energy-efficient and sustainable buildings, the global Internet of Things (IoT) and artificial intelligence (AI)-based building automation systems (BAS) market is rapidly growing and holds the key to optimizing building performance, reducing energy consum...