2021 global commercial building automation market reaches 100 billion US dollars

According to a research report from research firm Pike, the market for commercial building automation systems will double in the next decade, with revenues of US$72.5 billion. The revenue from 2011 to 2021 will reach US$166.4 billion.

As commercial buildings consume about 23% of the world's electricity, an effective automated energy management system will be an urgent need. Until the mid-1990s, modern building automation systems consisted of simple control panels, switches, timers, and alarm systems. Today's commercial building automation systems are revolutionary in both technology and practicality.

In the past few years, building automation systems have evolved from a single product system to system integration. This integrated "building system" can be defined as any device control platform or data source, including buildings. And the real existence of competitive and economic value is the use of data to monitor performance and find trends. Future building automation systems will also integrate with information/communication technologies, greatly improving system capabilities and enabling better energy management than ever before, which will greatly help stimulate demand growth.