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Frost & Sullivan: Building Analytics, Cloud Services and Smart Grids Set to Enhance Building Automation Systems in Europe
|By PR Newswire
|April 14, 2014 10:35 AM EDT
- Focus grows on consulting and predictive maintenance services
LONDON, April 14, 2014 /PRNewswire/ -- Manufacturers of building automation systems (BAS) across Europe are taking their solutions to the next level by using supporting infrastructures such as wireless control devices, cloud services, building analytics software, smart grids, and vertical farming systems. Among these supporting infrastructures, building analytics, the cloud and smart grids are likely to play the most important role in strengthening the BAS market over the next four years.
New analysis from Frost & Sullivan, Enhancing Building Automation in Europe: Role of Supporting Infrastructures, finds that the market earned revenues of $1.84 billion in 2013 and expects this to grow at a compound annual growth rate of 3.5 percent until 2018.
"BAS that use wireless control devices are gaining traction across Europe as they enable end users to easily reach remote and previously inaccessible parts of buildings as well as boost safety in hazardous industrial environments," said Frost & Sullivan Industrial Automation & Process Control Research Analyst Krishna Raman. "BAS that are integrated with building analytics are also becoming popular especially in the education and public sector due to the ability of these solutions to track and predict energy consumption patterns, pinpoint defective modules, and measure compliance to building efficiency standards."
In addition, some vendors are turning to cloud services and acquiring smart metering capabilities to integrate buildings with smart grids. They are also looking to integrate BAS with control systems for vertical farms by 2016 in order to enhance energy, water and waste management efficiency in buildings.
One of the main concerns of market participants, however, is the lack of awareness among some end users on the advantages of investing in BAS.
"BAS manufacturers should offer consulting and predictive maintenance services to increase customer satisfaction and boost revenues," opined Raman. "They must also expand their competencies through mergers and acquisitions to retain customers in the European building automation market."
If you are interested in more information on this study, please send an email to Julia Nikishkina, Corporate Communications, at [email protected].
Enhancing Building Automation in Europe: Role of Supporting Infrastructures is part of the Industrial Automation & Process Control (http://www.industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: ANZ Automation Services Market, Southeast Asia Automation Services Market, Automation and Control Solutions Market in the Commonwealth of Independent States, and Global Automation and Control Systems (ACS) Market in the Upstream Oil and Gas (O&G) Industry. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
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Enhancing Building Automation in Europe: Role of Supporting Infrastructures
Corporate Communications – Europe
E: [email protected]
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