Building Automation System Market Size, Share, Growth Analysis, By Component(Hardware and software), By Application(Industrial, residential, and commercial), By Region - Industry Forecast 2024-2031

Drivers

Evolution of wireless protocol and wireless sensor network technologies to build automation systems

• The continuous evolution of wireless protocols and standards presents incredible opportunities for established industry leaders and innovators to leverage this technology and innovate within the construction automation systems ecosystem. This trend has spurred the emergence of many start-ups, offering products and services with many sophisticated and innovative features. Notable wireless protocols such as Z-Wave, ZigBee, and EnOcean have come to the fore in this context. ZigBee for example has turned into a growing ecosystem boasting more than 400 companies, collectively involved in setting standards and developing a broad range of products for smart home applications. Similarly, Z -The Wave protocol covers a minimum of over 1,000 devices. Introducing LoRa as the newest addition to the wireless protocol family, it addresses the demand for low-power solutions in wide area networks (WANs) for IoT products. LoRa technology-driven devices often deliver distances Offers an impressive 10 batteries and boasts impressive battery life with 10 years of production. However, it is important to note that LoRa may not be suitable for applications that require high data rates. Large companies such as IBM Corporation, Cisco Systems, Semtech Corporation, and Multi-Tech Systems are among the manufacturers of LoRa-enabled hardware, further exemplifying the industry’s commitment to adopting innovative wireless solutions.

Restraints

Technical challenges and lack of qualified personnel

• Building system automation plays an important role in reducing the need for human involvement in maintaining and supporting building systems, including lighting, HVSC, and other systems. However, installation of this system requires compliance with specifications and technical standards, from internal organizational requirements to business processes and external factors such as software understanding, network expertise, system configuration, and testing. Internal barriers to successful implementation include inadequate technical knowledge, lack of training to operate complex software and equipment, and the need for professional inspection and maintenance errors on the control system. The technical challenges associated with the installation and maintenance of industrial buildings can severely hamper the expansion of the industrial building market. This challenge is particularly pronounced in industrialized countries developments such as India and Brazil, where the number of skilled specialists is very small.