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Global Building Automation System Market Analysis 2019 With Top Vendors like Honeywell, Siemens, Schneider Electric, Johnson Controls, ABB, Beckhoff Automation, CAREL INDUSTRIES S.P.A., Carrier Airconditioning & Refrigeration Ltd.
Global Building Automation System Market
Global building automation system market is estimated to reach USD 73 billion by 2026, registering a healthy CAGR of 10.6% in the forecast period of 2019-2026. This rise in market value can be attributed to rising demand for the automation of security systems in building and technological developments.
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This market research report is a great resource that makes available current as well as upcoming technical and financial details of the ABC industry for a certain forecast period. Building Automation System Market report offers the company profiles, product specifications, capacity, production value, and market shares of each company for the forecasted period of 2018-2025. In Building Automation System Market report; a systematic investment analysis has been performed which forecasts impending opportunities for the market players. The report is a meticulous analysis of existing scenario of the market, which covers several market dynamics. This Building Automation System Market report endows with the plentiful insights and business solutions that will support to stay ahead of the competition.
Global Building Automation System Market By 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{ Diy Home Automation}, Commercial { Office Buildings, Retail and Public Assembly Buildings, Hospitals and Healthcare Facilities, Airports and Railway Stations}, Industrial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
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”.
Key Developments in the Market:
• In October 2018, United Technologies Corp. announced to acquire S2 Security (US), it is a leading manufacturer of unified security and video management solutions, to combined it with Lenel to form LenelS2, a global leader in advanced access control systems and services.
• In July 2018, Dubai Airports selected data analytics and smart building technology of Siemens AG to guarantee annual energy savings of almost 20% every year by the implementation of energy-efficient measures.
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Competitive Analysis:
Global building automation system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of building automation system market for Global, Europe, North America, Asia-Pacific, South America and Middle East and Africa.
Major Market Competitors/Players:
Few of the major competitors currently working in the building automation system market are Siemens, Schneider Electric, Johnson Controls, Honeywell International Inc., ABB, Carel Industries S.p.A., Carrier Corporation, Crestron Electronics, Inc., Larsen & Toubro Limited, United Technologies, Robert Bosch GmbH, Legrand, Hubbell, Ingersoll-Rand plc, Lutron Electronics Co., Inc, BuildingIQ, Nest Labs, KMC Controls, General Electric, Mitsubishi Electric Corporation and among others.
Market Drivers:
• Technological developments in building automation system, this act as a driver to the market
• Increasing in adoption of automated security systems in buildings, this act as a driver to the market
Market Restraints:
• Lack of skilled professionals, this act as restraints to the market
• High cost of installation, this act as restraints to the market
Segmentation: Global Building Automation System Market
By Technology
By Offering
By Application
By Geography
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Data Bridge Market Research
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Email: sopan.gedam@databridgemarketresearch.com
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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