Building Automation Market Size is expected to reach $59630 Million by 2027
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Lack of end-user knowledge and high initial investments could hinder the growth of the building automation market. In addition, technical difficulties associated with the operation of the building automation system can hinder the market growth.
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Building Automation Market Share Analysis
APAC is expected to witness the highest growth during the forecast period. The growth in this region is due to the rapid growth of the construction industry in developing countries such as China and India. Furthermore, the government's energy-saving policies have contributed to the growth of the APAC building automation market size. Countries like China and India have begun aggressively developing smart cities. The building automation serves as a crucial enabler for the respective countries to achieve those goals.
Building Automation market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Building Automation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Building Automation Market by Type
o Security Systems
o Life Safety Systems
o Facility Management Systems
o Building Energy Management System
Building Automation Market by Application
Major Players in the Building Automation Market
o Siemens Building Technologies Inc.
o Schneider Electric
o Honeywell International Inc.
o Johnson Control Inc.
o United Technologies Corporation
o Azbil Corporation
o Eaton Corporation
o General Electric
o Ingersoll Rand Inc.
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