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Demand for Greater Energy Efficiency Drives Building Automation Systems Market Says Frost & Sullivan - Complete and niche solutions with integration capabilities to enjoy the competitive edge - BuildingTechnologies.Frost.com
Demand for Greater Energy Efficiency Drives Building Automation Systems Market Says Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2013/06/06 - Complete and niche solutions with integration capabilities to enjoy the competitive edge - BuildingTechnologies.Frost.com.

   
 
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The building sector is one of the primary consumers of energy in Europe, accounting for 40 percent of energy demand and 30 percent of greenhouse gas emissions. This has underlined the need for improved energy efficiency in both existing and new buildings. Initiatives supporting energy efficiency, reinforced by EU legislation, are providing a fillip to the building automation systems (BAS) market.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com), European Building Automation Systems Market, finds that the market earned revenues of $1,800 million in 2012 and estimates to reach $2,140.8 million in 2017. The research covers non-residential building segments including offices, educational, hospitals, wholesale and retail trade, industrial and others (hotels and restaurants, sports facilities, and public buildings).

"The need for enhanced energy efficiency in both existing and new buildings is promoting demand for BAS," noted Frost & Sullivan’s Energy & Environmental Research Analyst Balaji Anand Sagar. "EU directives related to the energy performance of buildings, particularly Energy Performance of Buildings Directive (EPBD) of May 2010, further motivate the uptake of BAS since automation control and constant monitoring is among the best approaches to attain nearly zero energy buildings (NZEB)."

The drive toward greater energy efficiency has meant greater cost savings for building owners and end-users. This too has encouraged the move toward automation.

"In the past 20 years, electricity consumption of non-residential buildings has increased by 74 percent," explained Sagar. "Complete automation of buildings can conserve up to 50 percent of this energy and, hence, reduce carbon-dioxide (CO2) emission."

Another trend is the increasing integration of heating, ventilation and air conditioning (HVAC), lighting and blinding in the BAS to optimise energy consumption by buildings. As a result, companies that offer complete systems and solutions with integration capabilities, rather than individual products, are gaining the competitive edge.

However, amid ongoing economic volatility, there has been a drop in public and private building activity. This, together with low end-user awareness about the energy saving benefits of BAS, has slowed the rate of market growth.

"Market participants need to generate awareness about the potential for reduced energy consumption and increased cost savings through the use of BAS," concluded Sagar. "They should develop complete solutions for bigger projects and niche solutions that are flexible enough to address smaller, more specific needs."

If you are interested in more information on this research, please send an email to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com with your full name, company name, job title, telephone number, company e-mail address, company website, city, state and country.

European Building Automation Systems Market is part of the Building Management Technologies Growth Partnership Service programme. Frost & Sullivan’s related research services include: European Voice Alarms Market, European Home Automation Market, World I-FM Market, and World LED Lighting Markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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European Building Automation Systems Market / M92B-19

 
 
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Demand for Greater Energy Efficiency Drives Building Automation Systems Market Says Frost & Sullivan

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