Press release
Global Building Automation System Market 2018 Top Companies are Honeywell, Siemens, Schneider Electric, Johnson Controls, ABB, Beckhoff Automation, CAREL INDUSTRIES S.P.A., Carrier Airconditioning & Refrigeration Ltd., Crestron Electronics
Global Building Automation System Market
The Building Automation System Market report is a proficient and deep dive study on the Building Automation System Market current state also focuses on the major drivers, Building Automation System Market strategies and impressive growth of the key players. Worldwide Building Automation System Market Industry also offers granular study of the dynamics, revenue, Building Automation System Market segmentation, share forecasts and allows you to take better business decision.
Global Building Automation System Market by Geography, Technology (Wireless Technologies, Wired Technologies); Offering (Facility Management Systems, Security and Access Control Systems, Fire Protection Systems, Building Energy Management Software, BAS Services, Others), Application (Residential, Commercial, Industrial) – Industry Trends and Forecast to 2024.
Global Building Automation System Market accounted for USD 54.0 billion in 2016 growing at a CAGR of 10.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The global ISO/IEC14543-3 standard for building automation has been adopted as a technical specification for Australia and New Zealand.
Adoption of this global standard locally validates ABB’s strategy of developing intelligent building automation solutions based on the global KNX standard, ensuring KNX badged products and systems are now tested and certified compliant for use in the emerging smart home and intelligent building control market in Australia.
Market Analysis:
The report for building automation market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is building automation in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyse and do more affective investments.
Major Market Drivers & Restraints:
• Increasing demand for energy efficient system
• Rising need for the automation of security systems in building
• Technological developments in building automation system
• Lack of skilled professionals
• High cost of installation
TOP Key Players:
• Honeywell International Inc.,
• Siemens AG,
• Schneider Electric,
• Johnson Controls,
• ABB,
• Beckhoff Automation GmbH & Co. KG,
• CAREL INDUSTRIES S.p.A.,
• Carrier Airconditioning & Refrigeration Ltd.,
• Crestron Electronics, Inc.,
• LARSEN & TOUBRO LIMITED,
• UNITED TECHNOLOGIES,
• Robert Bosch GmbH,
• Legrand,
• Hubbell Incorporated,
• Ingersoll-Rand plc,
• Lutron Electronics Co., Inc,
• BuildingIQ, Nest Labs,
• KMC Controls
• among others.
Market Definition:
Building automation system enables the HVAC, lighting, security and protection systems to communicate on a single platform and deliver the required information simultaneously enhances the comfort, safety, efficiency and productivity of the occupants. The system reduces the energy and maintenance costs. The buildings with building automation system technology are commonly known as “smart building”.
Market Segmentation:
The building automation system market is segmented on the basis of technology into wireless technologies and wired technologies. The wireless technologies segment is further segmented into zigbee, enocean, Z-wave, Wi-Fi, Bluetooth, thread, infrared The wired segment is further segmented into digital addressable lighting interface, knx, lonworks, building automation and control network, modbus.
The global building automation system market is also segmented on the basis of offering into facility management systems, fire protection systems, security and access control systems, building energy management software, bas services, others. The facility management systems segment is further segmented on the basis of type into lighting control systems and HVAC control systems. The lighting control systems segment is further segmented into occupancy sensors, daylight sensors, relays, timers, dimming actuators, switch actuators, blind actuators, transmitters, receivers. The HVAC control systems sensors, smart thermostats, control valves, heating and cooling coils, dampers, actuators, pumps and fans, smart vents. The control valves offering is further sub-segmented into two-way valves and three-way valves. The dampers are further sub-segmented into low-leakage dampers, parallel and opposed blade dampers, round dampers. The actuators are further sub-segmented into hydraulic, pneumatic, and electric. The security and access control systems is segmented into video surveillance systems and biometric systems. The hardware offering is sub-segmented into camera, monitors, storage systems and accessories. The fire protection systems segment is further sub-segmented into sensors & detectors, fire sprinklers, fire alarms, emergency lighting, voice evacuation, public alert. The BAS service segment is further sub-segmented into installation and maintenance. The sensors & detectors are further sub-segmented into smoke detectors, flame detectors and others.
On basis of application, the global building automation market is segmented into residential, commercial and industrial applications. The commercial applications are further segmented into office buildings, retail and public assembly buildings, hospitals and healthcare facilities and airport & railways.
On the basis of geography, global building automation market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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