Frost Radar™: Global Building Automation Systems Market, 2020

Frost Radar™: Global Building Automation Systems Market, 2020

A Benchmarking System to Spark Companies to Action-Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
07-Sep-2020
REGION
North America
Research Code: K505-01-00-00-00
SKU: EN01204-GL-MR_24654
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Description

The Internet of Things has allowed numerous devices and systems to connect and communicate, generating a wealth of data that can be captured and converted to actionable insights through high-performance control and automation interfaces. In the building automation space, digitalization allows building managers to optimize energy use and save money yet still ensure occupant comfort.

The market has evolved from traditional systems with core automation and control of heating, ventilation, and air conditioning to encompass intelligent networks that include systems for lighting, fire, access and safety, and facility management. Smart buildings will continue to develop. In the next wave of building automation system innovation, cloud-based solutions will proliferate and the broader benefits of artificial intelligence will be on display as deep learning algorithms enhance machines’ self-learning capabilities based on predictive analytics. A fully connected ecosystem, however, increases building owners’ fears of hacking and system failure: suppliers must be able to offer robust security and failsafe features.

Global BAS market revenue rose 3.1% in 2019 to reach $4.70 billion. Frost & Sullivan projects fallout from the COVID-19 pandemic to cause a 0.9% market contraction in 2020, but sustained single-digit growth to resume (ultimately resulting in a 3.4% compound annual growth rate from 2019 to 2026) as the crisis abates and building owners focus on operational cost savings.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Author: Neha Tatikota

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Strategic Imperative

Growth Environment

Frost Radar™: Global Building Automation Systems Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Frost Radar™: Competitive Environment (continued)

Azbil Corporation

Delta Controls

Distech Controls

Honeywell

Johnson Controls (JCI)

Kieback&Peter

Sauter

Schneider Electric

75F

Siemens

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

The Internet of Things has allowed numerous devices and systems to connect and communicate, generating a wealth of data that can be captured and converted to actionable insights through high-performance control and automation interfaces. In the building automation space, digitalization allows building managers to optimize energy use and save money yet still ensure occupant comfort. The market has evolved from traditional systems with core automation and control of heating, ventilation, and air conditioning to encompass intelligent networks that include systems for lighting, fire, access and safety, and facility management. Smart buildings will continue to develop. In the next wave of building automation system innovation, cloud-based solutions will proliferate and the broader benefits of artificial intelligence will be on display as deep learning algorithms enhance machines self-learning capabilities based on predictive analytics. A fully connected ecosystem, however, increases building owners fears of hacking and system failure: suppliers must be able to offer robust security and failsafe features. Global BAS market revenue rose 3.1% in 2019 to reach $4.70 billion. Frost & Sullivan projects fallout from the COVID-19 pandemic to cause a 0.9% market contraction in 2020, but sustained single-digit growth to resume (ultimately resulting in a 3.4% compound annual growth rate from 2019 to 2026) as the crisis abates and building owners focus on operational cost savings. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. Author: Neha Tatikota
More Information
No Index No
Podcast No
Author Neha Tatikota
Industries Environment
WIP Number K505-01-00-00-00
Is Prebook No
GPS Codes 9343-A4,GETE