October 7, 2005—The worldwide Building Automation Systems (BAS) market continues to grow at a steady rate in both developing and developed countries, according to a new ARC Advisory Group study.
The worldwide market for BAS is expected to grow at a Compounded Annual Growth Rate (CAGR) of nearly 5 percent over the next five years. The market was nearly $22 billion in 2004 and is forecasted to exceed $25 billion in 2009, the study shows.
Corporations in developed countries continue investing in BAS solutions to help strategically manage existing building assets while companies in developing countries continue constructing new state-of-the-art commercial and industrial buildings.
“For companies in developed regions, strategic management of existing building assets is one of the best ways to increase productivity, with little to virtually no operational upsets. On the flip side, corporations in Asia continue expanding operations to meet growing domestic demand, many of which are incorporating state-of-the-art BAS solutions,” according to Senior Analyst David Clayton, principal author of ARC’s “Building Automation Systems Worldwide Outlook.”
Integration between BAS and enterprise systems allows companies to optimize such applications as energy management and maintenance operations, notes the study.
