|European Building Automation Systems (BAS) Market, Forecast to 2025|
|Energy-efficiency Plans at the National and European Levels, Converging Technologies, and Need for Renovation of Ageing Building Stock will Enable Stronger Market Uptake|
The European building automation systems (BAS) market is poised to grow at a moderate CAGR of 2.6% from 2018 to 2025. The key factors for growth are energy-efficiency requisites aiding BAS adoption and European and national regulatory plans led by Energy Performance of Buildings Directive (EPBD) and Energy Efficiency Directive (EED) to boost the energy performance of buildings and help the EU reach its 20% energy efficiency target by 2020. The regulatory push will reinforce governments to adopt possible strategies to improve energy efficiency at all stages of the energy chain. The European Commission has proposed an update to EED including a 30% energy-efficiency target by 2030 and binding renewable energy target of 32% by 2030. These regulatory drivers will have a direct impact on the BAS market throughout the forecast period. Brownfield and greenfield opportunities for the new and existing building stock and transformational technologies such as artificial intelligence, machine learning, Internet of Things (IoT), data analytics, and the cloud are also likely to drive the BAS and building energy management markets.
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