Press release
Global Building Automation Systems Market Size, Status and Forecast 2025
The Building Automation System (BAS) core functionality is to keep building climate within a specified range, light rooms based on an occupancy schedule, monitor performance and device failures in all systems and provide malfunction alarms. Automation systems reduce building energy and maintenance costs compared to a non-controlled building. Typically they are financed through energy and insurance savings and other savings associated with pre-emptive maintenance and quick detection of issues.
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The commercial application held the largest size of the BAS market in 2017 and the trend is expected to continue during the forecast period. The increased rate of implementation of BAS in large shopping complexes, office buildings, and public transport areas such as airports and railway stations is encouraging the growth of the BAS market for commercial application. HVAC, lighting, and security and access control systems are the major products used in the market for commercial application.
In 2017, the global Building Automation Systems market size was 58700 million US$ and it is expected to reach 130100 million US$ by the end of 2025, with a CAGR of 10.5% during 2018-2025.
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This report focuses on the global top players, covered
Honeywell International Inc. (U.S.)
Siemens AG (Germany)
Johnson Controls International PLC (Ireland)
Schneider Electric SE (France)
United Technologies Corp. (U.S.)
Robert Bosch GmbH (Germany)
Legrand SA (France)
Hubbell Inc. (U.S.)
ABB Ltd. (Switzerland)
Ingersoll-Rand Plc (Ireland)
Lutron Electronics Co., Inc. (U.S.)
Crestron Electronics, Inc. (U.S.)
BuildingIQ (U.S.)
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Market segment by Type, the product can be split into
Wired Technology
Wireless Technology
Market segment by Application, split into
Residential
Commercial
Industrial
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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