Azbil Wins Frost & Sullivan’s 2024 Southeast Asia Company of the Year Award
Azbil Corporation announced that it has won Frost & Sullivan’s 2024 Best Practices Company of the Year Award in the Southeast Asia smart building solutions industry, marking its third consecutive year of recognition.
Frost & Sullivan’s Company of the Year Award, its top honour, recognises Azbil for exemplifying visionary innovation, market-leading performance, and exceptional customer care. This accolade is based on an independent evaluation of two key criteria types: Visionary Innovation & Performance and Customer Impact. Azbil excels in many of the criteria in the smart building solutions space.
Frost & Sullivan, a global growth strategy consulting firm, presents Azbil with this award for demonstrating excellence in growth strategy and implementation. The award recognises a high degree of innovation with products and technologies, and the company’s resulting leadership in customer value and market penetration.
Frost & Sullivan Best Practices awards recognise companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
Previously, Azbil received these awards from Frost & Sullivan:
- 2022 and 2023 Southeast Asia Company of the Year Award, Smart Buildings Solutions
- 2020 and 2021 Southeast Asia Customer Value Leadership Award, Building Automation Systems
Azbil was commended for its commitment to exceeding customer expectations, solidifying its leadership in enhancing building safety, comfort, and energy optimisation through advanced automation technology. The company’s expansion strategy is focused on three growth fields —new automation, environment and energy, and life cycle solutions, which enables it to address global challenges and create long-term value. Azbil’s innovative use of AI, IoT, and cloud systems in smart building solutions, coupled with its strong focus on R&D and strategic collaborations, continues to drive innovation.
“Azbil’s success as a pioneer in the smart building solutions industry stems from its ability to adapt to global challenges, leverage its deep expertise in automation, and focus on delivering innovative and comprehensive solutions. By continuously evolving its business model and addressing the needs of a changing world, Azbil remains at the forefront of the industry,” said Mr. Anirudh Bhaskaran, Industry Principal, Energy & Environment, Frost & Sullivan.
“We are honoured to receive the esteemed award from Frost & Sullivan. This achievement is a testament to Azbil’s commitment to addressing evolving challenges and opportunities with visionary strategies, smart building automation technologies, and industry-leading best practices to deliver excellence across the value chain. We share this achievement with our employees, customers, and partners, whose collective efforts drive our success. Moving forward, we remain steadfast in advancing industry growth and strengthening our position as a global top value creator for innovative, human-centred solutions,” said Mr. Kazuyasu Hamada, Managing Corporate Executive and President of Building Systems Company, Azbil Corporation.