Press release
Building Automation System Market is thriving worldwide by 2026 | Top Key Players like Legrand, ABB, Honeywell International, Siemens AG, Johnson Controls International, Schneider Electric, Robert Bosch, Hubbell, Ingersoll-Rand
Building Automation System Market
Building Automation System comprises a microprocessor system built on a connection of wired or wireless controllers to varied systems in building construction. The foremost aim of building automation system is towards enhancing building's structural efficacy. This BAS is considered to monitor and regulate many parameters such as humidity, HVAC, ventilation systems, mechanical, lighting, security and fire in a building or across several campuses. Global Building Automation System Market is valued approximately at USD 68.1 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 10.12% over the forecast period 2019-2026.
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BAS is gaining popularity owing to its varied range of applications in commercial, residential and industrial premises. Prime focus on designing and establishing energy-efficient, eco-friendly buildings, rise in adoption of automated security systems in buildings and rapid penetration of IoT in building automation systems are some of the key driving factors in market growth. Further, development of wireless protocols and wireless sensor network technology for BAS, favorable government initiatives and incentives coupled advancement of building technologies and automation with data analytics is expected to create significant growth opportunity in the market over the forecast period. However, lack of a skilled workforce and technical difficulties impedes the growth of the market over the forecast period of 2019-2026.
Major market player included in this report are:
o Honeywell International
o Siemens AG
o Johnson Controls International
o Schneider Electric
o United Technologies Corp.
o Robert Bosch
o Legrand
o Hubbell
o ABB
o Ingersoll-Rand
The regional analysis of global Building Automation System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the government initiative to decrease energy emission from buildings coupled growing awareness of benefits of automation. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rapid growth in construction industry would create lucrative growth prospects for the Building Automation System market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Communication Technology:
o Wired Technology
o Wireless Technology
By Offering:
o Facility Management Systems
o Security & Access Control Systems
o Fire Protection Systems
o Building Energy Management Software
o BAS Services
o Others (Gateways, HMI Screens, Smart Plugs, Smart Hubs, and Smart Locks)
By Application:
o Residential
o Commercial
o Industrial
Table of Contents:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Building Automation System Market, by Region, 2017-2026 (USD Billion)
1.2.2. Building Automation System Market, by Communication Technology, 2017-2026 (USD Billion)
1.2.3. Building Automation System Market, by Offering, 2017-2026 (USD Billion)
1.2.4. Building Automation System Market, by Application, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Building Automation System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Building Automation System Market Dynamics
3.1. Building Automation System Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Building Automation System Market Industry Analysis
Chapter 5. Global Building Automation System Market, by Communication Technology
Chapter 6. Global Building Automation System Market, by Offering
Chapter 7. Global Building Automation System Market, by Application
Chapter 8. Global Building Automation System Market, Regional Analysis
Chapter 9. Building Automation System Market Competitive Intelligence
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Related Reports: https://www.marketwatch.com/press-release/health-insurance-market-share---detailed-analysis-of-current-industry-figures-with-forecasts-growth-by-2025-2020-04-23
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