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Global Building Automation System Market Analysis over Numerous Prominent Players (2018-2025): Honeywell, Siemens, Schneider Electric, Johnson Controls, ABB, Beckhoff Automation, CAREL INDUSTRIES S.P.A., Carrier Airconditioning & Refrigeration Ltd
Global Building Automation System Market
The Building Automation System market drivers and restraints have been derived from a well-known method called SWOT analysis. This report has studies in detail all the company profiles for the top players and brands and along with that the report also contains a synopsis of market definition, classifications, and market trends.
This report contains extracts of the production, consumption, revenue, gross margin, cost, gross, market share, CAGR and market factors influencing the Building Automation System market at global level in the years of 2017-2024.
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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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.
TOP Key Players:
Some of the major players of the global building automation market are 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.
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.
For a pervasive understanding of the market, business strategies and latest developments of the vital players accompanied with co-development deals and market size have also been enclosed. Briefly citing, their revenue share, contact information and meticulous SWOT analysis is available. The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
The report takes a close and analytical look at the various companies that strive for a higher share of the Building Automation System Market. Data on the leading and fastest-growing segments along with what drives them has been given.
This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria.
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
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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”.
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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