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Building Automation Market Size is expected to reach $59630 Million by 2027

09-01-2021 10:41 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Building Automation Market Size is expected to reach $59630

The global Building Automation market size is projected to reach US$ 59630 million by 2027, from US$ 40980 million in 2020, at a CAGR of 5.4% during 2021-2027. The rise in the adoption of automated building security systems, the development of wireless protocols and wireless network sensor technology for Building automation systems, and the rapid penetration of IoT in building automation systems are the key factors driving the growth of the Building Automation Market size.

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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.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0M264/global-building-automation

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

o Residential
o Commercial
o Industrial

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 ABB
o Azbil Corporation
o Eaton Corporation
o General Electric
o Ingersoll Rand Inc.

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Building Integrated Photovoltaics (BIPV) Market:
https://reports.valuates.com/reports/QYRE-Auto-23G85/global-building-integrated-photovoltaics-bipv

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