Press release
Building Automation System Market 2020 Global Leaders Analysis: Siemens AG, Crestron Electronics, Delta controls, Rockwell Automation, General electric, Honeywell International, Lutron Electronics
Market Insight
Building automation system market can gain impressive growth in the foreseeable future, reveals Market Research Future (MRFR) in a comprehensive study that includes drivers and factors. The building automation system is considered as a distributed control system which is specially designed to supervise & control the mechanical, security, fire, lighting, HVAC and humidity control systems in an infrastructure. The absolute autonomous control of a building and the entire facility is the primary purpose of building automation system as it supports maintaining the building climate, light rooms, monitor performance & device failures and provides malfunction alarms. The building automation system is also referred to as an intelligent building, smart building, or a smart home.
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Market Drivers & Trends
The ability to build an automation system to monitor and control various functions building saves energy and related cost, which is motivating the market to grow substantially. With this, the escalating use of IP-based communication and automation technology is also highly anticipated to enhance the development of building automation system market further in the forecast period.
On the other hand, factor such as the growing demand for cost-effective building automation system by consumers is posing as one of the major factors driving the growth of the market. Other than this, the factors such as escalating IOT market, growing construction industry mainly in the developing countries are also likely to drive the growth of Building Automation System Market. On the flip side, the factor of technical limitation and lack of skilled expertise is anticipated to obstruct the growth of building automation system market during the forecast period 2016-2022.
Key Players:
Some of the major players in Global building automation system market includes ABB Ltd. (Switzerland), Cisco Systems, Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany),Crestron Electronics, Inc. (U.S.), Delta controls, Inc. (U.S.), Rockwell Automation (U.S.), Schneider electric SE (France), General electric (U.S.), Honeywell International Inc. (U.S.), Lutron Electronics Co., Inc. (U.S.) and others.
Segmentation:
The global market for building automation system is segmented by the elements of network connectivity, product, and end-users.
• By the mode of network connectivity, the market can be segmented into a wireless and wired network.
• By the mode of product-wise, the building automation system market thus consists of light control systems, HVAC control systems, surveillance systems, fire protection systems, and management software. Further, the surveillance systems segment is gaining a massive reputation in urban areas with an escalating number of criminal activities getting registered.
• By the mode of end-users, this market comprises commercial, industrial, and residential. In recent time, shopping complexes are integrating the system more than ever now, which is giving the commercial segment significant toehold.
Regional Analysis:
Region-specific approach to the building automation system market spanned across the main regions of North America, Europe, Asia Pacific, and Middle East & Africa.
In the present time, North America is experiencing a great run in the market as it is generating the maximum revenue share. The market is getting benefited much from the construction industry as it has augmented the number of automation system implementation in new buildings. Additionally, the region enjoys implementing the latest technologies into the system which gets backed by superior infrastructure. Also, the investment capacity for such homes is now high, which is providing a thrust to the market. Even the government policies have been relaxed, which is also promoting the growth of the building automation system market.
The APAC region is varying the market demography and is touted to become the fastest-growing region during the forecast period. Rising economies such as India and China are observing industrial expansion which is providing scope for the building automation system market to infiltrate and settle for a better prospect in future.
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Target Audience:
• OEMs
• Network service providers
• Real estate
• Software vendors
• Suppliers & distributors
• Research & consultancy
• End-users
• Technology providers
• Cloud and network service providers
Market Research Future
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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