For those who are unfamiliar, a building with Building Automation System (BAS) installation is usually called as Smart Building or Intelligent Building. Building Automation System (BAS) uses analog and digital inputs and outputs. Analog inputs are used to read variable measurement whereas a digital input is used to determine if a device is turned on or off. Analog outputs are used to control automated system devices speed whereas digital outputs are used to open and close relays and switches.
Research and Markets announces that, the building automation system market is set to grow at a CAGR of 10.65% between 2016-2022 to reach USD 100.60 billion by 2022. In 2016, it is valued at $54.81 billion. Commercial buildings sector holds major share in building automation system market.
North America currently holds major share in global building automation system followed by Europe and Asia Pacific. APAC is expected to show rapid growth rate due to increasing construction of buildings coupled with government initiatives.