Global Building Automation System Market is estimated to reach USD 100 Billion by 2022
Global Building Automation System Market Information, by Network (Wireless, Wired), by End-User (Commercial, Industrial, Residential), by Product (HVAC, Surveillance System, Fire Protection System, Lighting Control System) – Forecast 2022
Pune, India – April 13, 2017 /MarketersMedia/ —
Market Highlights:
The global Building Automation System market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.
With growing technology advancements, Building Automation System has created its high demand in industries to effectively monitor emerging carbon dioxide & combine sensors, lighting control of a building, dimming systems, and conservation of energy resources. It has the ability of reducing maintenance cost of a building and diagnose an operational problem rather than arranging a maintenance crew to search and solve the issue. Due to its high advantage over conventional building model it is attracting commercial, industrial and residential industry and propelling its market growth during forecast period 2016-2022.
The global key market players such as ABB Ltd., Cisco Systems, Inc., Robert Bosch GmbH and other industries are offering building automation system solutions to their end-user. In March 2016, ABB Ltd., a leading power & automation technology provider, has deployed building automation system in Microsoft’s new office located in Denmark. Further, in May 2016, Cisco Systems and Johnson Control have done partnership to focus on emerging building automation system market. This growing advancement in product categories and high involvement of small & large market players in providing building automation system systems & services is creating high growth opportunity for building automation system in the upcoming future.
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Major Key Players
• ABB Ltd. (Switzerland),
• Cisco Systems, Inc. (U.S.),
• Robert Bosch GmbH (Germany),
• Siemens AG (Germany),
• Crestron Electronics, Inc. (U.S.),
• Delta controls, Inc. (U.S.),
• Rockwell Automation (U.S.),
• Schneider electric SE (France),
• General electric (U.S.),
• Honeywell International Inc. (U.S.),
• Lutron Electronics Co., Inc. (U.S.)
Market Research Analysis:
Geographically, North America is expected to dominate the building automation system market during forecast period 2016-2022. The growing investment by organizations to increase their productivity and growing market of smart infrastructure in U.S. and Canada countries is driving the high market growth of building automation system in the region. Europe is also showing high growth opportunity in the building automation system market due to high demand of energy efficient commercial, and residential infrastructure. Also, increasing deployment of sensors in smart control system to ensure safety & security in the public as well as private places is expected to fuel the market growth in coming years. Furthermore,
Asia-pacific is witnesses to be the fastest growing region for building automation system market during forecast period 2016-2022 due to growing developing economy such as India, China, Japan, and, Singapore and growing need of biometric based security systems in the buildings. Also, companies such as Siemens, Schneider electric, and Honeywell automation are among those key players who are investing in deployment of system integration & solutions in building automation & control systems in India. The growing investment by key players in the region is projected to bring high growth in the market by 2022.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Building Automation System Market Research Report -Forecast to 2022.”
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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
“The building automation system has high advantages over conventional building model. It has ability to save around 5-15% of overall building energy consumption. Moreover, it reduces overall building maintenance cost as it is capable of identifying operational problems. These advantages of building automation system are attracting construction industry and government to invest in the technology. However, technical limitation and lack of expertise is expected to hinder its growth in the forecast period 2016-2022”
Building Automation System Market:
The Building Automation System market can be segmented into its network connectivity, products and end-users. By network connectivity the market includes wireless and wired connectivity. By product, it is categorized into light control systems, HVAC control systems, surveillance systems, fire protection systems, management software and others. By End-user segment it is categorized into Commercial, Industrial and residential sectors.
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Brief TOC
1. Executive Summary
2. Research Methodology
2.1. Scope of the study
2.1.1. Definition
2.1.2. Research Objective
2.1.3. Assumptions
2.1.4. Limitations
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market size Estimation
2.4. Forecast Model
3. Market Dynamics
3.1. Market Drivers
3.2. Market Inhibitors
3.3. Supply/Value Chain Analysis or Market Ecosystem
3.4. Porter’s Five Forces Analysis
Continued….
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