Vietnam Building Automation Systems (BAS) Growth Opportunities

Vietnam Building Automation Systems (BAS) Growth Opportunities

Disruptive Technologies and Innovative Business Models will be Key to the Advancement of the Industry

RELEASE DATE
22-Dec-2021
REGION
Asia Pacific
Research Code: PC83-01-00-00-00
SKU: EN01300-AP-MT_26132
$2,450.00
In stock
SKU
EN01300-AP-MT_26132
$2,450.00
DownloadLink

Pay by invoice

ENQUIRE NOW

Description

The COVID-19 pandemic has accelerated the need to automate buildings. There is an increasing need to manage buildings remotely, which demands the convergence of advanced analytics, artificial intelligence (AI), and emerging technologies with building automation systems (BAS). Currently, 90% of the BMS market in Vietnam is in the early stages of digital transformation, which means buildings will have to undergo rapid transformation at the earliest to cater to changing needs. Smart devices and systems will have a huge role to play in determining how buildings function in the pandemic-induced “new normal” scenario (short-to-medium term). Major industry participants are already working on strengthening the technologies underpinning their solution portfolios to prepare for changing building operation needs. Some are forging partnerships or acquiring innovative start-ups to boost their technological capabilities.

The BAS market in Vietnam grew by 11.1% in 2021. This comes after a huge decline in market revenues due to the COVID-19 pandemic in 2020. The market is expected to have a double-digit compound annual growth rate from 2021 to 2027 and reach $11.4 million in 2027. Market expansion will be driven by heightened awareness for energy efficiency in buildings and the need to cater to the operation of buildings in the wake of the pandemic. Key growth opportunities in the Vietnam BAS market include automation solutions for contact-less building operation,
AI-powered and cloud-controlled solutions for automated buildings, and a focus on health and wellness solutions for increased occupant productivity. Major players in the market include Siemens Building Technologies, Johnson Controls, Honeywell, and Schneider Electric.

The building automation market is defined by the manufacturer revenue earned from the sale of automation controllers and associated automation and supervisory software. This means that “factory gate” revenue has been considered; distribution channel revenue is excluded from the scope of the study.

Author: Viswesh Vancheeshwar

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Building Automation Systems (BAS) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Definitions

Segmentation

Building Automation—Evolution Toward Intelligent Solutions

Gross Domestic Product (GDP)

Price and Inflation Trends

Foreign Investments

Wage Indicators

Construction

COVID-19 Impact

Growth Drivers

Growth Restraints

Key Growth Metrics

Revenue Forecast

Revenue Forecast Analysis

Market Distribution Channels

Percent Revenue by End User

Revenue Share

Growth Opportunity 1: Automation Solutions for Contactless Building Operation

Growth Opportunity 1: Automation Solutions for Contactless Building Operation (continued)

Growth Opportunity 2: AI-powered and Cloud-controlled Solutions for Automated Buildings

Growth Opportunity 2: AI-powered and Cloud-controlled Solutions for Automated Buildings (continued)

Growth Opportunity 3: Focus on Health and Wellness Solutions for Increased Occupant Productivity

Growth Opportunity 3: Focus on Health and Wellness Solutions for Increased Occupant Productivity (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Related Research
The COVID-19 pandemic has accelerated the need to automate buildings. There is an increasing need to manage buildings remotely, which demands the convergence of advanced analytics, artificial intelligence (AI), and emerging technologies with building automation systems (BAS). Currently, 90% of the BMS market in Vietnam is in the early stages of digital transformation, which means buildings will have to undergo rapid transformation at the earliest to cater to changing needs. Smart devices and systems will have a huge role to play in determining how buildings function in the pandemic-induced “new normal” scenario (short-to-medium term). Major industry participants are already working on strengthening the technologies underpinning their solution portfolios to prepare for changing building operation needs. Some are forging partnerships or acquiring innovative start-ups to boost their technological capabilities. The BAS market in Vietnam grew by 11.1% in 2021. This comes after a huge decline in market revenues due to the COVID-19 pandemic in 2020. The market is expected to have a double-digit compound annual growth rate from 2021 to 2027 and reach $11.4 million in 2027. Market expansion will be driven by heightened awareness for energy efficiency in buildings and the need to cater to the operation of buildings in the wake of the pandemic. Key growth opportunities in the Vietnam BAS market include automation solutions for contact-less building operation, AI-powered and cloud-controlled solutions for automated buildings, and a focus on health and wellness solutions for increased occupant productivity. Major players in the market include Siemens Building Technologies, Johnson Controls, Honeywell, and Schneider Electric. The building automation market is defined by the manufacturer revenue earned from the sale of automation controllers and associated automation and supervisory software. This means that “factory gate” revenue has been considered; distribution channel revenue is excluded from the scope of the study. Author: Viswesh Vancheeshwar
More Information
No Index No
Podcast No
Author Viswesh Vancheeshwar
Industries Environment
WIP Number PC83-01-00-00-00
Is Prebook No
GPS Codes 9343-A4,GETE