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Global Building Automation Systems Market Projected to Deliver Greater Revenues during the Forecast Period until 2025
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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.
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 2018, 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 2019-2025.
This report focuses on the global Building Automation Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Building Automation Systems development in United States, Europe and China.
The key players covered in this study
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 Type, the product can be split into
Wired Technology
Wireless Technology
Market segment by Application, split into
Residential
Commercial
Industrial
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
In this study, the years considered to estimate the market size of Building Automation Systems are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Building Automation Systems Market Size Growth Rate by Type (2014-2025)
1.4.2 Wired Technology
1.4.3 Wireless Technology
1.5 Market by Application
1.5.1 Global Building Automation Systems Market Share by Application (2014-2025)
1.5.2 Residential
1.5.3 Commercial
1.5.4 Industrial
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Building Automation Systems Market Size
2.2 Building Automation Systems Growth Trends by Regions
2.2.1 Building Automation Systems Market Size by Regions (2014-2025)
2.2.2 Building Automation Systems Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Building Automation Systems Market Size by Manufacturers
3.1.1 Global Building Automation Systems Revenue by Manufacturers (2014-2018)
3.1.2 Global Building Automation Systems Revenue Market Share by Manufacturers (2014-2018)
3.1.3 Global Building Automation Systems Market Concentration Ratio (CR5 and HHI)
3.2 Building Automation Systems Key Players Head office and Area Served
3.3 Key Players Building Automation Systems Product/Solution/Service
3.4 Date of Enter into Building Automation Systems Market
3.5 Mergers & Acquisitions, Expansion Plans
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