Building Automation System Market Share

Market Share for Building Automation System

The building automation systems market is consolidated in nature. This is due to increasing demand for integrated solutions that improve energy efficiency and operational performance. Leading firms are acquiring smaller entities to broaden their technology offerings, product portfolio, and extend market reach. Such integration also enables the creation of highly inclusive systems offering safety and security, HVAC, and energy management in an integrative platform that provides many functionalities.

In addition, the sustainability and energy-saving pressure compels organizations to implement advanced building automation solutions, which, in turn, promotes collaborations and mergers. Thus, the market is moving toward a few dominant providers who can deliver end-to-end solutions in this evolving market.