International. The company Research and Markets published a study on the trends of the global automation and controllers industry for the period between 2014 and 2020, which forecasts a sustained growth of this segment to generate US $ 55 billion in 2020, a significant increase compared to the US $ 29 billion represented by this industry in 2014.
The report, based on extensive research of the automation and controllers market globally, aims to identify the entire segment of building automation controls, including lighting systems, security, access control, and climate control.
According to Research and Markets, the growing initiatives and regulations implemented by governments in the search for more efficient and environmentally friendly buildings have maintained a strong demand for building automation systems that will be maintained for the next 5 years.
"Although the concept of building automation has been around for a long time, it has presented a high growth rate in the last five years. The huge demand for security and access systems, the Internet of Things initiative, the growing awareness about the uses of wireless technologies, and advances in the integration of wired and wireless technologies will drive the market in the future," the study states.
