Press release
Europe Building Automation Systems Market 2022 Competitive Insights - Siemens AG, Johnson Controls International PLC, Kieback&Peter GmbH & Co. KG
The Europe Building Automation Systems Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.Europe Building Automation Systems Market is expected to grow at a CAGR of 10.52% during the forecast period of 2021-2026.
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Top Leading Companies of Europe Building Automation Systems Market are Siemens AG, Johnson Controls International PLC, Kieback&Peter GmbH & Co. KG, Priva Holding BV, Schneider Electric SE, Robert Bosch GmbH, Trane Technologies PLC, Lynxspring Inc., Belimo Holding AG, Sauter AG and others.
Industry News and Updates
July 2020: Johnson Controls completed its agreement to purchase EuroPAC Alarmcentrale and EuroPAC Telefooncentrale businesses in the Netherlands. This acquisition not only expands its customer base but also strengthens its Video as a Service (VaaS) capabilities.
- March 2020: Priva Holding BV introduced Priva's Building Operator, which is designed with cloud-connected applications. The company expected that this new product could provide real-time information reliably and securely.
Key Market Trends
United Kingdom is one of the country to hold the significant market share for this market
- The Building Automation Market in the United Kingdom is overgrowing due to the different laws and regulations of the UK government to reduce environmental impacts. According to Climate Change's 2019 Progress Report to Parliament, the United Kingdom (UK) govt wants to reduce the carbon footprint by 57% from 2023 to 2027. Moreover, under Clean Growth Strategy, the United Kingdom government wants to remove all environmental wastes by 2050.
- Additionally, the growth of the urbanized population is influencing the growth of this market. According to the World Bank, the degree of urbanization is increased by 0.25% from its previous year 2018.
- Furthermore, the growing trend towards the integration of IoT with BMS, along with increasing awareness regarding the eco-friendly and energy-efficient building concepts is expected to impact the market significantly. For instance, the United Kingdom government recently invested Euro 24 million for IoT research centers in this country.
Regional Outlook of Europe Building Automation Systems Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Europe Building Automation Systems Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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