Press release
Smart Building Automation Market Forecast: in-depth Research Shows How Top Companies Will Be Able to Survive in Future: Ingersoll Rand Inc, ABB Ltd, Honeywell International, Eaton Corporation, Rockwell Automation, Johnson Controls Inc
The Global Smart Building Automation Systems Market report provides a comprehensive analysis of key market trends in the global Smart Building Automation Systems Market. It also includes a discussion of historical trends, current market conditions, competitive landscape, growth opportunities, and fact-based challenges. The report quantifies the market share held by major players in the industry and provides an in-depth view of the competitive landscape. In terms of revenue (US$) and production, the market size is calculated during the study period along with details about the factors (drivers and constraints) influencing the market growth.Key Topics Covered in this Smart Building Automation Systems Market Reports: Market Summary, Table of Contents, List of Figures, List of Tables, Report Structure, Segmentation
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The market has witnessed considerable growth owing to factors such as growing concerns over global warming, rising energy prices, and increasing awareness regarding energy conservation. The rising use of renewable energy sources and increasing awareness among consumers about environmental protection will further drive the market.
Building automation systems (BAS) integrate lighting, energy, safety, and security systems into one intuitive system, which balances optimum efficiency with productivity and occupant comfort. Growing awareness for life safety and security among the population is expected to favor market growth. People are becoming aware of financial losses incurred due to natural or man-made calamities such as floods, earthquakes, terrorist attacks, or construction fires.
Competition analysis
Global Smart Building Automation Systems market players are defending and expanding their respective market share with a focus on mergers and acquisitions, joint ventures, and strategic partnerships. Some of the key players profiled in the study are Ingersoll Rand Inc, ABB Ltd, Honeywell International, Eaton Corporation, Rockwell Automation, Johnson Controls Inc, General Electric, Schneider Electric, Siemens Building Technologies Inc, AZBIL Corporation, Echelon, Tyco International,
The key player information is as follows:
• Company profile
• Market information
• SWOT analysis
• Market share
• Sales, revenue, price, gross profit
The increasing need for enhanced security and safety in intelligent buildings is also expected to considerably contribute to intelligent building automation technologies market growth. Adoption of various protocols of building automation, development of open-ended architecture, easy access to technological developments, and implementation of intelligent BAS in residences are expected to support industry growth on a large scale. Intelligent building automation technologies analyze and monitor the performance of buildings in terms of sustainability, comfort, and productivity. Also, these technologies are used in residences for micro-grid management.
Europe Market growth can be attributed to EU directives such as the Energy Performance of Buildings Directive, aimed at improving the energy performance of a building. Moreover, the rising implementation of security systems by homeowners is expected to keep growth prospects upbeat. The Asia Pacific market is expected to witness increased traction due to the adoption of intelligent building automation technology in emerging economies such as China and India. Moreover, governments in countries such as India, South Korea, and China are making investments in the development of smart cities. The Middle East and Africa are expected to witness significant growth over the forecast period owing to huge investments in the development of public infrastructure.
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Highlights of the research report:
• This report provides an in-depth analysis of current and future market trends.
• Analysis of global, regional, and country-level markets.
• Key strategic initiatives are taken by the key players operating in the market, along with a ranking analysis of the key players.
• Analyzes based on historical information along with current trends to estimate the future of the market.
• Analysis of the impact of ever-changing global market scenarios.
• Study the impact of COVID-19 on the global market.
Chapter overview to analyze the Smart Building Automation Systems market in detail
Chapter 1: Introduction of Global Smart Building Automation Systems Market, Market Drivers Product Scope, Market Risks, Market Overview and Market Opportunities.
Chapter 2: Assessment of Key Manufacturers in the Global Smart Building Automation Systems Market, Consisting of Revenue, Sales, and Product Price.
Chapter 3: To display the competitive nature among major manufacturers, with market share, revenue, and sales.
Chapter 4: To present the global Smart Building Automation Systems market with regions, market share, revenue, and sales for the projected period.
Chapters 5, 6, 7, 8, and 9: Evaluate the market by sector, country, and manufacturers, with revenue share and sales by key countries for these different regions.
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The Smart Building Automation Systems Market report ends with sharing important report findings with readers. It provides market forecasts based on historical data studies, current scenario reviews, and recorded trends from various markets including regional and national. It includes segmental forecasts, regional market forecasts, market size forecasts, consumption forecasts.
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