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 Covid-19 Impact on Building Automation System Market key 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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Segments for Building Automation System Market:
The global building automation system market can be segmented by network connectivity, product, and end-users.
Based on network connectivity, the global building automation system market can be segmented into wireless and wired network.
Product-wise, the building automation system market includes light control systems, HVAC control systems, surveillance systems, fire protection systems, and management software. Surveillance systems segment is gaining huge popularity in urban areas with an increasing number of criminal activities getting registered.
Based on end-users, the building automation system market comprises commercial, industrial, and residential. Shopping complexes are integrating the system more than ever now which is giving commercial segment significant traction.
Key Players in Building Automation Systems Market are - 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.
Regional Analysis of Building Automation System Market:
Region-specific approach to the building automation system market spans across North America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
North America is currently having a great run in the market as it is generating the maximum revenue share. The market is benefitting much from the construction industry as they have increased the number of automation system implementation in new buildings. Furthermore, the region enjoys implementing the latest technologies into the system which gets amply backed by superior infrastructure. With people earning more than any other regions, investment capacity for such homes is quite high which is providing thrust to the market. Government policies have been relaxed which is also fanning the growth of the building automation system market.
The APAC region is changing the market demography and is touted to become the fastest growing region during the forecast period. Emerging economies such as India and China are witnessing industrial expansion which is providing scope for the building automation system market to penetrate and settle there for a better prospect.
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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
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