Frost & Sullivan: Building Analytics, Cloud Services and Smart Grids Set to Enhance Building Automation Systems in Europe

Frost & Sullivan: Building Analytics,Frost & Sullivan: Building Analytics, Cloud Services and Smart Grids Set to Enhance Building Automation Systems in Europe PR Newswire LONDON, April 14, 2014 - Focus grows on consulting and predictive maintenance services Manufacturers of building automation systems (BAS) across Europe are taking their solutions to the next level by using supporting infrastructures such as wireless control devices, cloud services, building analytics software, smart grids, and vertical farming systems. Among these supporting infrastructures, building analytics, the cloud and smart grids are likely to play the most important role in strengthening the BAS market over the next four years. New analysis from Frost & Sullivan, Enhancing Building Automation in Europe: Role of Supporting Infrastructures, finds that the market earned revenues of $1.84 billion in 2013 and expects this to grow at a compound annual growth rate of 3.5 percent until 2018. "BAS that use wireless control devices are gaining traction across Europe as they enable end users to easily reach remote and previously inaccessible parts of buildings as well as boost safety in hazardous industrial environments," said Frost & Sullivan Industrial Automation & Process Control Research Analyst Krishna Raman.