Frost Radar™: Global IoT and AI based Building Automation Market

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 consumption, and improving the overall occupant experience. As a result, this market is highly competitive, with several leading and emerging companies striving to gain a competitive advantage.

Frost & Sullivan has independently plotted the top 13 companies in this Frost Radar analysis. While hundreds of global participants compete in this market, the featured companies are those currently making waves in the BAS industry and were chosen based on their growth indicators and recent innovations. This Frost Radar features ABB, Azbil, Carrier, Delta Controls, Distech Controls, Honeywell, Johnson Controls, Kieback&Peter, Lynxspring, Sauter Controls, Schneider Electric, Siemens, and 75F.

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. Frost & Sullivan analyzes companies (across all tiers of competition) in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies are then positioned. The document also presents competitive profiles on each of the companies based on their achievements in the outlined Growth and Innovation criteria.