Building Automation System Market Remarkable Growth, Future Predictions, Industry Insight, Analysis of Top Competitors

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This report presents an idea about consumer’s demands, preferences, and their altering likings about a particular product. A data triangulation method is applied for this purpose which entails data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. This market research report has been generated by considering a range of objectives of market research that are vital for the success of this industry. This report estimates CAGR values in percentages that designate the rise or fall occurring in the market for a particular product for the specific forecast period.

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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

Market Analysis: 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.

Market Definition: Global Building Automation System Market

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”.

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

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Segmentation: Global Building Automation System Market

By Technology

Wireless Technologies
Zigbee
Enocean
Z–Wave
Wi-Fi
Bluetooth
Thread
Infrared
Wired Technologies
Digital Addressable Lighting Interface
KNX
Lonworks
Building Automation and Control Network
Modbus
By Offering

Facility Management Systems
Security and Access Control Systems
Fire Protection Systems
Building Energy Management Software
BAS Services
Others
By Application

Residential
Diy Home Automation
Commercial
Office Buildings
Retail and Public Assembly Buildings
Hospitals and Healthcare Facilities
Airports and Railway Stations
Industrial

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.
Competitive Analysis: Global Building Automation System Market

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.

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Major Market Competitors/Players: Global Building Automation System Market

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.

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