Excerpt from report summary: The market for building automation and controls has been evolving over the last decade as building owners and facility managers aim to reduce energy consumption by improving their building automation technologies and energy efficiency. Many building automation technologies—HVAC, lighting, fire and life safety, security, and access controls—and building management systems are key components of an autonomous building. The latest advances in building automation have enabled the process in which all of a building’s sensors, electronics, and mechanical systems are connected and managed through a single system that allows real-time communication between the building subsystems for better energy consumption coordination.
Source: Guidehouse Insights
