Press release
Building Automation Control System Market Observes Growth With Rise In Adoption Of Advance technologies In Construction Sector | Key Players are: ABB Ltd., Johnson Controls International plc, Crestron Electronics and Others
Building automation control system utilizes connected smart cutting edge devices and home appliances to control and monitor household activities. It is basically a smart centralized control system that can be used to control lighting, heating, air conditioning and ventilation as well as security and access systems. Such systems consist of various electronics components such as sensors, detectors, microprocessors and others.
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The Building Automation Control Systems Industry To Observe Geographical Expansion Owing To Rise In Number Of Collaborations Among Top Companies:
Major players in the industry are willing to invest in development of advanced automation control systems as well as adopt various market driven strategies including product portfolio expansion, agreements, mergers and acquisitions. In order to increase their market penetration companies are focusing on collaborations and partnerships that will help in the geographical expansion of the building automation control system industry.
Key players profiled in the global Building automation control system market include:
• ABB Ltd.
• Johnson Controls International plc
• Crestron Electronics
• Siemens AG
• Control4 Corporation
• Koninklijke Philips N.V
• Legrand SA
• Honeywell International Inc.
• Savant Systems LLC
• Honeywell International Inc.
• Schneider Electric SE
• Mitsubishi Electric Corporation
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Global Building Automation Control Systems Market Segmentation:
By Offering
• Integration
• Services
By Control Type
• HVAC Control
• Fire Control
• Lighting Control
• Energy Management System
• Security & Access Control
• Others
Security & Access Control is expected to hold the major share of the building automation control system. With rising concerns towards resident's safety, increasing demand for better security systems as well as activity monitoring is observed.
By Industry Vertical
• Residential
• Commercial
• Industrial
• Hospitality
• Retail
• Others
The commercial segment is dominating the global market owing to a surge in demand for building energy management solutions. The commercial infrastructure includes offices, stores, healthcare facilities as well as educational institutions or buildings.
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Advancement In Automation Control Systems Such As Remote Access And Control To Elevate The Building Automation Control System Market value:
Integration of advanced technology including artificial intelligence, machine learning as well as development in network connectivity is highly beneficial for the growth of the building automation control system industry. Implementation of such a system provides a hassle-free experience to the residents, as a result, the industry is observing a surge in demand from the commercial as well as residential sectors.
Moreover, government initiative and investment in order to develop smart cities is observed to be upscaling to build energy-efficient infrastructure. Building automation control systems provide better monitoring and control over a variety of applications, which results in cost savings and energy usage optimization.
Recent Industry Developments:
● In November 2019, Johnson Controls purchased the Building and Energy Management System (BEMS) product line from Malaysia-based EasyIO. The company is anticipated to use EasyIO's products and team in the Americas, Europe, the Middle East, and Asia-Pacific building automation systems markets, as well as the worldwide HVAC, safety, and refrigeration markets, as a result of this aspect, which opens up enormous growth prospects.
By Region:
• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
North America To Dominate The Global Building Automation Control Systems Market Share with Increasing Number of Developed Infrastructure:
The North America region is expected to dominate the market share of the global building automation control systems industry. This growth is driven by the increasing development of smart infrastructure that can support building automation solutions in the residential and commercial segments. The government in this region is leaning towards implementing such automation systems, as it helps in energy conservation.
On the other hand, Europe is the second most prominent region in the global market of building automation control systems owing to the implementation of smart lodging technology in the region. With its sustainable environmental impact and energy-efficient solution, many governments of European nations are including building automation control systems in their development plans.
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Key Points from TOC:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Building Automation Control Systems Market
Chapter 5. Global Building Automation Control Systems Market Overview, By Offering, 2017 - 2030 (USD Million)
Chapter 6. Global Building Automation Control Systems Market Overview, By Control Type, 2017 - 2030 (USD Million)
…Continued
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Extrapolate is a Global Market Research, Advisory and Consulting firm that works closely with Industry experts from various industries to bring the latest and most accurate research reports,
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