Building Automation Systems Market 2022 Precise Outlook- Honeywell International Inc., ABB Ltd., Siemens AG, Hubbell Inc., United Technologies Corporation

Global "Building Automation Systems Market" Research Report presents a complete overview and comprehensive explanation of the industry. The article initiates with an total survey of the business, including phrasing and models. Every segment of the global Building Automation Systems Market is carefully examined on the basis of industry share, CAGR and other significant factors. As this Building Automation Systems Market report represents the ever-changing needs of consumers, sellers, and buyers across different regions, it becomes easy to target specific products and attain important revenue in the global market.

The Building Automation Systems Market was valued at USD 60.31 billion in 2020 and expected to reach USD 112.93 billion by 2027 and grow at a CAGR of 11.02% over the forecast period (2022-2027).

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News and Updates

- In Nov 2019 - Johnson Controls acquired Building and Energy Management System's (BEMS) product line of the Malaysia-based EasyIO. This factor creates significant growth opportunities, as the company is expected to leverage EasyIO's products and team in the Americas, European, Middle Eastern, an d Asia-Pacific building au tomati on systems markets, as well as the global HVAC, safety, and refrigeration markets.

- In March 2019 - Mitsubishi Electric U.S. Inc. launched BEAM AX energy management system, a cloud-based solution for analyzing energy usage and costs in commercial buildings. The energy management system provides the tools to analyze energy use, track performance, forecast peak demand, detect usage abnormalities, with lower costs and monitor solar production performance and benefits.

Building Automation Systems Market Segmentation

The leading companies in the global Building Automation Systems Market are - Honeywell International Inc., ABB Ltd., Siemens AG, Hubbell Inc., United Technologies Corporation, Schneider Electric SE, Robert Bosch GmbH, Emerson Electric Co., Mitsubishi Electric Corporation, Ingersoll-Rand PLC, Huawei Technologies Co. Ltd

Building Automation Systems Market Scope:
Building automation systems, otherwise known as building automation and control systems (BACS), are automated systems that integrate and connect different facility technologies, including HVAC, lighting, surveillance, and security, among others, through information flow to a monitoring point.

- The need for energy management and the growing emphasis on overcoming utility costs continue to drive the adoption of building automation systems. In developed parts of the world, most of the high-rise buildings are equipped with these solutions.

- Energy consumption is expected to increase over the coming years; according to the US Energy Information Administration (EIA), global energy consumption is expected to grow by nearly 50% during 2018-2050, with Asia being the major consumer of energy over the years.

- In order to enhance their energy efficiency, various significant economies have already formed regulations, and other countries are following suit. For example, the 2012 Energy Efficiency Directive established measures to help the EU reach a 20% energy efficiency target by 2020; this was amended in 2018, with an energy efficiency target of at least 32.5% for 2030. Such developments in the regions are forcing businesses and homes to adopt energy-efficient solutions.

- With the increasing focus on government regulations, cost savings, and optimizing their energy consumption, homes, industries, and enterprises are actively investing in energy-efficient systems. Proactive measures taken by government organizations for the implementation of standards, such as ISO 50001 (energy-management-system standard) in the building sector, have the potential to stimulate the integration of building automation systems.

- Consequently, numerous opportunities for automation can

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Table of Content

1 Market Overview
1.1 Market Segment Overview
1.1.1 Product Definition
1.1.2 Market by Type
1.1.3 Market by Application
1.2 Global Market Size

2 Global Market by Company
2.1 Global Sales by Company
2.2 Global Price by Company

3 Global Market by Type
3.1 Global Sales by Type
3.2 Global Price by Type

4 Global Market by Application
4.1 Global Sales by Application
4.2 Global Price by Application

5 Global Trade
5.1 Export
5.2 Import

6 Key Manufacturers
6.1 Company Information
6.2 Product Specifications
6.3 Business Data (Capacity, Sales Revenue, Volume, Price, Cost and Margin)
And Other…

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Conclusively, Building Automation Systems Market report is the realistic source for gaining the market research that will exponentially accelerate your business. The report gives the main origin and economic situation of the project value, benefit, limit, power generation, supply, demand, market growth speed and figures. The Building Automation Systems Market industry report also presents New Task SWOT Examination, Speculative Achievability Study, and Risk Return Investigation.

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