GOTHENBURG, Sweden -- The installed base of sensors, actuators, modules, gateways and other connected devices deployed as part of IoT-based building automation in smart and connected commercial buildings will reach 483 million units in 2022 compared with an estimated 151 million units worldwide at the end of 2018, according to a new report from IoT analyst firm Berg Insight.
Growing at a compound annual growth rate (CAGR) of 33%, the installed base will reach 483 million units in 2022, according to "The Global Commercial Building Automation Market." About 4.5 million of these devices were connected via cellular networks in 2018. The number of cellular connections in the building automation market will grow at a CAGR of 44% to reach 19.4 million in 2022. In terms of revenues, Berg Insight estimates that connected devices into the global IoT market generated revenues of more than US$ 1.2 billion in 2018. This figure will grow at a CAGR of 21% to almost US$ 2.7 billion in 2022.
This Berg Insight study analyzes the market for building automation in smart buildings along multiple verticals. These range from well-known ones such as heating, ventilation and air conditioning (HVAC), indoor lighting, fire & safety, and access & security, to lesser known ones including electric vehicle charging, irrigation systems and pool monitoring. The most successful building automation solutions to date, in terms of sold units, include access and security, fire and safety, HVAC systems and elevators as well as escalator-management.
These solutions are marketed by product OEMs such as Assa Abloy, Avigilon, AMAG Technology, HID Global, Comark, Tyco, Albireo Energy, Cimetrics, Delta Controls, ENGIE Insight, Silvair, KONE, Otis, Schindler and ThyssenKrupp. A centralized system such as a Building Management System (BMS) often oversees the automatic control. Examples of BMS solution providers include ABB, Honeywell, Johnson Controls, Schneider Electric, Siemens and United Technologies.
Building automation has been around for many decades but there is a new urgency today. The drive for energy conservation as well as mandates for green construction add demand. The latest smart building solutions leverage new technologies such as IoT, big data, cloud computing, data analytics, deep learning and artificial intelligence to save energy, reduce operational expenditures, increase occupancy comfort and meeting increasingly stringent global regulations and sustainability standards.
"A major change is starting to happen now especially in new construction, where the primary driver is changing from cost reduction to features that enhance the user experience and change how users and buildings interact. Instead of there being a single killer-app, we are starting to see a combination of use-cases", said Alan Varghese, senior IoT analyst, Berg Insight. "These use-cases leverage IoT, sensors and connectivity to enable customization of spaces in offices and conference rooms based on occupancy levels and occupant preferences, efficient mobility throughout the building, and they help occupants with location and wayfinding – all controllable by mobile platforms. Most important, they are capable of predictive awareness of individual needs."
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