The Need to Improve Indoor Air Quality, Occupancy Sensing, and AI and Digital Twin are Driving Building Automation Market Growth
Building automation is increasingly relying on sensor technologies and digital services. Buildings use sensors to gather information based on a range of operational and environmental factors, including temperature, humidity, light levels, occupancy, and energy. The information can be utilized to improve building performance in a variety of ways, including providing a comfortable and healthy indoor atmosphere, preventing and managing emergencies, and enabling remote access and control.
With a plethora of technology advancements observed in the building industry, IoT, cloud computing, Big Data analytics, and machine learning are a few examples of digital technologies being used to achieve building automation. Advancements in sensors and implementation in buildings are rapidly evolving and creating a significant impact around the world, with organizations constantly introducing innovative products.
Fully automated and optimized building performance as well as more efficient information management and coordination within the building enterprise can be achieved using Big Data analytics software along with different types of sensor technologies. Sensors provide advanced capabilities, such as energy efficiency and real-time monitoring of remotely located facilities. Sensors with computational and communications capabilities enable more widespread and economical structural health monitoring of civil infrastructure. Demand-controlled ventilation is made possible by smart CO2 sensors, which provide ventilation based on the number of inhabitants in each area.
Integrating information technology (IT) and operational technology (OT) through data analytics enables optimization of resource utilization and maintenance. This integration enhances efficiency, saves costs, and ensures the satisfaction of building occupants, highlighting the value of intelligent systems.
Smart sensors are evolving rapidly, with developed economies, such as North America, leading the adoption trend. In Europe, dynamic energy efficiency goals are driving the development trend for building automation. The fastest-growing region for building automation is Asia-Pacific, attributed to the rising need for ease and comfort in structures, industry demand, and geopolitical factors.
This study covers the following topics:
- Overview and significance of sensor technologies in smart buildings
- Preview of standards and building codes driving sensor developments in smart building
- Snippet of key sensing parameters in smart building
- Significance of value proposition of digital services
- Convergence of IT and OT in the smart building ecosystem
- Business models of smart building digital services
- Key growth opportunities
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- HP
- Neowit
