Given this strong growth potential and the prospects of high returns, several companies are competing for market share. We compile a list of some of the top building automation companies to watch out for in 2020.
The building automation market has achieved significant growth in recent years, driven by a combination of decreased costs and increased awareness of the benefits. Smart building automation systems, which refer to the automated centralized control of a building's heating, ventilation and air conditioning, lighting and other systems through building management or automation system, increases convenience, optimizes resource usage and has the potential to lower operational costs.
According to the research firm Stratistics MRC, the global building automation market accounted for US$ 57.83 billion in 2017 and is expected to reach $154.36 billion by 2026 growing at a CAGR of 11.5 percent during the period. Given this strong growth potential and the prospects of high returns, several companies are competing for market share. We compile a list of some of the top building automation companies to watch out for in 2020.
Bosch
With a presence in several industries and over a century of market experience, the German company Bosch is one of the major players in the building automation sector. Under its building solutions division, Bosch offers integrated solutions for buildings, offering consultancy, installation and services for design and operation. Further, its
Building Integration System (BIS) software solution helps in the management of different Bosch security subsystems including video surveillance, fire alarm, access control, and public address of intrusion systems into an integrated platform.
Siemens
Another German company, with several years of experience under its belt, is Siemens. In a whitepaper, the company had said that the commitment and vision that Siemens has to the evolution of smart buildings is demonstrated by the investment the business has made in the digitalization agenda.
“This includes the acquisition of three innovative start-up companies specifically to strengthen its portfolio of solutions for smart buildings,” the company said. “These strategic investments – the purchase of Comfy by Building Robotics (provider of a building occupant app), Enlighted (provider of sensor and building analytics) and J2 Innovations (building automation and operating system vendor) – demonstrate a commitment towards staying at the leading edge of technology.”
Honeywell
The US-based Honeywell International is present in industries ranging from aerospace to physical security and consumer appliances. In the building automation space, the company has its Niagara Framework-based building management solution (BMS) that takes all aspects of your building and occupant needs into consideration to maximize energy efficiency and make the management of your facility simpler and more user-friendly.
The company’s software solution Vector Space Sense also helps customers understand how a particular building is being used, real-time, allowing management to take full advantage of the resources available.
Johnson Controls
The Irish multinational conglomerate offers a building automation system branded as Metasys, that connects your HVAC, lighting, security, and protection systems – enabling them to communicate on a single platform to deliver the information you need, helping customers to make smarter, savvier decisions while enhancing the occupants’ comfort, safety and productivity. Other solutions that Johnson Controls offers include
BCPro, for Asian and Middle East Markets, and Verasys, a plug-and-play system for light commercial buildings.
Schneider Electric
The France-headquartered Schneider Electric offers solutions in a wide range of areas ranging from home automation to industrial safety systems and electric power distribution. According to a report by Technavio, Schneider Electric’s EcoStruxure Building solution is one of the first open innovation platforms for buildings with end-to-end IP architecture enabling quick connectivity of IoT devices to improve building value offering.