Press release
Building Automation System Market size is expected to reach nearly US$ 132.6 Bn by 2029 with the CAGR of 8.8% during the forecast period.
Building Automation System Market
The report provides a meticulous analysis of the impact of COVID-19 lockdown on market leaders, followers, and disruptors. Considering the diverse implementations of lockdown measures worldwide, the report delves into the regional and segment-specific variations in its impact. Addressing both short-term and long-term consequences, decision-makers will find valuable insights to shape strategies for companies on a regional basis.
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Building Automation System Market Dynamics:
Rapid infrastructure growth, particularly in designing energy-efficient and eco-friendly buildings, propels the BAS market forward. The commercial sector, especially in developing nations, emerges as a significant consumer of BAS, contributing to market expansion. The report highlights the market drivers, including increasing awareness of energy conservation and supportive government initiatives.
Building automation systems, incorporating wireless protocols, sensor networks, and IoT, are critical drivers for market growth. The demand for advanced security solutions, coupled with government investments in reliable security systems, further boosts the market. However, the high initial costs for designing and implementing BAS systems pose a challenge, even as innovation in wireless technologies and awareness initiatives work to mitigate this impact.
Building Automation System Market Regional Insights:
North America is expected to lead the BAS market, followed by Western Europe, owing to the presence of key players. The Asia Pacific anticipates high growth, especially in construction-centric countries like China and India. South America and the Middle East & Africa exhibit moderate growth, with the UAE playing a pivotal role in technology adoption.
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Building Automation System Market Segmentation:
by Communication Technologies
1. Wired Technologies
2. Wireless Technologies
by Offerings
1. Facility Management Systems
2. Fire Protection Systems
3. Security and Access Control Systems
4. BAS Services
5. Building Energy Management Software
6. Lighting Control Systems
7. HVAC Control Systems
8. Other
by End-user
1. Office
2. Public Assembly
3. Healthcare
4. Retail & Service
5. Education
6. Lodging
7. Restaurants
8. Laboratory
by Application
1. Residential Applications
1.1 DIY Home Automation
2. Commercial Applications
2.1 Office Buildings
2.2 Retail and Public Assembly Buildings
2.3 Hospitals and Healthcare Facilities
2.4 Airports and Railway Stations
3. Industrial Application
4. Government
5. Other
Building Automation System Market Key Players:
1 Honeywell International, Inc.
2 Johnson Controls, Inc.
3 Siemens AG
4 Delta Controls
5 Robert Bosch GmbH
6 ABB Ltd.
7 Hubbell Inc.
8 United Technologies Corp.
9 Schneider Electric SE
10 Emerson Electric Co.
11 Mitsubishi Electric Corporation
12 Ingersoll-Rand PLC
13 Carrier
14 Cisco Systems, Inc.
15 Legrand SA
16 Philips Lighting Holding B.V.
17 Lennox International, Inc.
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Table of content for the Building Automation System Market includes:
1. Global Building Automation System Market: Research Methodology
2. Global Building Automation System Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Building Automation System Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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