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Building Automation System Market Growth Rate, Business Strategy, Key Trends and Revenue Analysis 2022
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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 has done partnership to focus on emerging Building Automation System Market. These 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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Some of the major players in Global Building Automation System Market includes 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.) and others.
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.
The growing trend of implementing stringent rules & regulations by government to increase energy efficient solutions in construction industry is expected to boost the market of building automation system in the forecast period. Also, growing awareness about safety & security at workplaces, and increasing interest of consumers towards green & smart building is also fuelling the market growth of building automation system market.
Geographically, North America is expected to dominate the building automation system market during the forecast period 2016-2022 due to growing implementation of building automation system in U.S. construction industry. Also, changing regulatory policies, increasing energy cost is adding fruitful growth in the market. Asia-Pacific is projected to be the fastest growing market in building automation system during 2016-2022. The growth in construction industry and increasing demand of smart buildings among consumers is driving the growth of this market. Increasing industrial growth in developing countries namely India, China and Japan is fuelling the market growth of building automation system in Asia-Pacific region.
- Network service providers
- Real estate
- Software vendors
- Suppliers & distributors
- Research & consultancy
- Technology providers
- Cloud and network service providers
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Table Of Contents
- Executive Summary
- Research Methodology
2.1. Scope Of The Study
2.1.2. Research Objective
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market Size Estimation
2.4. Forecast Model
- 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
- Building Automation System Market, By Network Connectivity
- Building Automation System Market, By Product
5.2 Light Control Systems
5.3 HVAC Control Systems
5.4 Surveillance Systems
5.5 Fire Protection Systems
5.6 Management Software
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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