Research and Markets has announced the launch of its "The European Building Automation Market" report.
While the building automation (BA) market in Europe has been mature, it is starting to see a revived growth. This growth is mainly being driven by a strong focus on energy efficiency and by an overall performance of buildings. However, the building automation market is also going through a renaissance because of a wave of new technology developments, such as the Internet of Things (IoT), cloud-based solutions, and big data analytics.
These are all helping to enhance the performance of building automation solutions, as well as helping to bring down prices and see new participants come to the market. While the building automation (BA) market in Europe has been mature, it is starting to see a revived growth. This growth is mainly being driven by a strong focus on energy efficiency and by an overall performance of buildings.
However, the building automation market is also going through a renaissance because of a wave of new technology developments, such as the Internet of Things (IoT), cloud-based solutions, and big data analytics. These are all helping to enhance the performance of building automation solutions, as well as helping to bring down prices and see new participants come to the market.
The key driving factors of the European BA market are energy efficiency attained from BA systems, the EU Directive for energy performance in buildings, the ageing building stock in Europe and convergence of Information, Communication and technology industry with building technologies industry.