Building Automation Systems Market, By System (Security & Surveillance, Heating, ventilation, and air conditioning (HVAC), Lighting Solutions, Building Energy Management, and Others), By Application (Commercial, Industrial, and Residential), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI1350

Pages :130

Formats :

Excel and PDF

Industry : Smart Technologies

Market Challenges: Interoperability issues with legacy systems

Interoperability issues with legacy systems are one of the major roadblocks in the growth of the global building automation systems market. Most of the existing commercial and industrial buildings worldwide still rely on old and fragmented automation solutions that were installed over the years. These legacy systems from different vendors and eras lack common communication protocols and data standards, making it very difficult for them to integrate and exchange information with new generation intelligent and IoT-enabled building automation technologies.

Retrofitting the old automation infrastructure to make it compatible with current industry protocols like BACnet, LonWorks, etc. involves significant time, effort, and capital expenditure which building owners are reluctant to incur. They fear disrupting the day-to-day operations during the upgrade process. This creates resistance among potential customers to invest in the latest building management systems from established industry players. Even for new construction projects, having to deal with the legacy systems of the existing adjacent infrastructure poses compatibility nightmares.

Market Opportunities: Integration of IoT-enabled devices into BAS

The integration of Internet of Things (IoT) enabled devices into Building Automation Systems (BAS) provides a tremendous opportunity for the global Building Automation Systems market. IoT-enabled smart devices that can be connected to the BAS allow for improved efficiency, convenience, and cost savings. These devices allow building owners and managers to remotely monitor and control essential systems such as heating, ventilation, air conditioning, lighting, and security from any Internet-connected device. This brings greater flexibility and optimizes energy usage.

With sensors incorporated across various touchpoints, IoT devices are able to automate manual processes and provide real-time analytics on building performance. For example, IoT-enabled smart thermostats can adjust temperature settings based on occupancy detection through motion sensors. This prevents wasted energy from heating or cooling unoccupied zones. Integrating IoT also enables predictive maintenance of building infrastructure through continuous remote monitoring. Issues can be identified early and repairs scheduled before complete failures occur.