Hey guys, here’s some news from Wilmington, Delaware, United States. According to Transparency Market Research Inc., the commercial building automation market was worth about $32.96 billion in 2020. And get this, they’re predicting that by 2031, it’s gonna skyrocket to $76.49 billion! That’s a projected increase of 8.3% year-on-year.
It looks like businesses are really starting to see the benefits of building automation systems, and as a result, investments in these systems are on the rise.
You know, it’s all about creating a safer and more efficient building. By integrating automation with advanced security systems, overall safety is massively improved. Think about it – access control, surveillance, and emergency response systems all working together. That’s some next level stuff right there.
And as technology gets more advanced, the possibilities just keep expanding. I’m talking about artificial intelligence, machine learning, and the Internet of Things. They’re all playing a huge role in the growth of building automation systems.
And look, we can’t ignore the fact that with global events like the COVID-19 pandemic, remote monitoring and control of building systems have never been more important. Because of automation, building managers can now operate and optimize their buildings from literally anywhere. How cool is that?
Now, one more thing – according to Transparency Market Research Inc., Europe is set to lead the way in the commercial building automation market. I mean, regulations in Europe are literally mandating automation in large non-residential buildings! That’s serious commitment to the cause.
So, we’re talking about a booming market, where sustainability and technological advancements are driving some serious growth. Let’s see how it all plays out, this could be one of the cooler things we’ve seen.