Commercial Building Automation Market Takes Off in Asia

Advantages of a building automation system (BAS) include reduction in energy consumption and operating costs of buildings, as well as non-energy benefits such as improvement in occupant comfort and the productivity of office workers. The opportunity to optimize energy consumption has spurred BAS market demand as customers aim to comply with building codes and save on utility costs.

According to Colliers International's 2018 Asia Pacific Property Outlook report, real estate investment volumes will continue to grow due to the region’s strong economic growth and persistent low real interest rates. Demand for leased office space will remain high, says the report, especially in Hong Kong, Singapore, India and the leading Chinese cities.

Under this real estate trend in APAC is a convergence of property and technology, as more and more buildings start to adopt building automation systems (BAS) — which automatically control and monitor a building’s lighting systems; heating, ventilation and air conditioning (HVAC); and security and access control. Such adoption has changed the way we use and interact with real estate.

Companies in this report:


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