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

Key Developments

In May 2022, Johnson Controls-Hitachi, a leading provider of innovative HVAC solutions, introduced a new Wall Mount indoor mini-split unit as the latest addition to its PRIMARY P300 line of high-efficiency, single-zone commercial mini-split systems. This ductless heating and cooling system was developed to address the specific requirements of small to medium-sized spaces, such as retail establishments, dining facilities, and educational institutions.
In October 2022, ASSA ABLOY, the global leader in access solutions, acquired Bird Home Automation GmbH, a German manufacturer of high-quality IP door intercoms for single and multi-family buildings. This strategic acquisition supports ASSA ABLOY's efforts to accelerate its growth in the smart residential segment and further solidify its position as a leader in home security solutions.
In September 2022, Ring, the Amazon-owned video doorbell and home security brand, announced the launch of a new wireless intercom device specifically designed for apartment dwellers. The Ring Intercom is engineered to seamlessly connect with the majority of building-wide intercom systems used in apartment complexes, enabling residents to vet visitors and grant them access remotely through their smartphones.
In May 2022, Mitsubishi Electric Trane HVAC US (METUS), a leading provider of innovative ductless and ducted mini-split as well as variable refrigerant flow (VRF) heat-pump and air-conditioning systems, announced the release of Building Connect+. This expanded cloud-based controls and monitoring platform enables comprehensive control and management of CITY MULTI systems and BACnet-enabled third-party devices.
In March 2022, Hitachi Elevator Co. Ltd., a joint venture between Hitachi Ltd. and Siam Motors Group, the exclusive sales and service company of elevators and escalators in Thailand, announced the launch of its full-scale Smart Building Solution business in Thailand and Southeast Asia. This strategic initiative aims to provide enhanced value to buildings through the integration of physical security systems and digital services, leveraging Hitachi's Lumada IoT platform.