Saudi Arabia Building Automation & Control Market (2015-2021)-6Wresearch
Saudi Arabia’s has emerged as the key revenue generating country in Middle-East building automation and control market. Driven by need for energy management, increasing infrastructure spending, demand for advanced electronic security systems, and growing awareness have led for adoption of building automation and control systems.
According to 6Wresearch, Saudi Arabia Building Automation and Control Market is projected to grow at a CAGR of 9.4% during 2015-21. Saudi Arabia building automation market is highly fragmented where large number of domestic and international players are providing their products in the country. Rising infrastructure has played a vital role for the significant growth of the market. In construction market, Saudi Arabia leads amongst all GCC countries.
According to Rajat Kharbanda Senior Consultant, Research and Consulting, 6Wresearch, “Residential, hospitality & healthcare and retail are the major revenue contributing verticals in the overall market. Saudi Arabia is witnessing significant infrastructure development activities in these verticals, which has spurred the market. Also, increasing demand for energy management in the residential vertical would further stimulate the growth of the market”.
“Moreover, increasing number of foreign tourists has driven the construction of new hotels across the country, which is resulting into deployment of physical security systems, air conditioning units, elevators, etc. With the changing government policies, many new companies from different industries are entering in the country to explore business opportunities, which is leading to the construction business parks and industrial hubs,“ Rajat further added.
According to Shefali Goel, Research Associate, Research and Consulting, 6Wresearch, “Central and western regions are the key revenue generating regions in the building automation and control market. Increasing investments, rise in infrastructure, growing IT sector, and establishment of several industries in these regions have contributed for their growth. Riyadh, Jeddah, Makkah and Madinah have led for the growth of these regions”.
“In building automation market, air conditioners, elevators & escalators, fire & safety and video surveillance segments have dominated the market and would lead through the forecast period. Over the next six years, segments such as video surveillance systems and lighting controls are expected to grow with relatively higher CAGR than other segments,” Shefali concluded.
Some of the companies in Saudi Arabia building automation and control market include – Axis Communication, Bosch Security System, Pelco, Honeywell, Zamil Air Conditioners, Al Salem Johnson Controls (YORK), KONE Areeco, Schindler Olayan, ThyssenKrupp AG, Mitsubishi, Tyco Fire & Security, United Technologies, SFFECO and NAFFCO.
“Saudi Arabia Building Automation and Control Market (2015-2021)” provides in depth analysis with 88 figures and 43 tables covered in more than 180 pages. The report estimates and forecast overall Saudi Arabia’s building automation and control market by revenue, type segments physical security systems (video surveillance, access control, alarming systems and fire & safety), building energy management (lighting control system and air conditioners), parking management systems, water management systems and elevator & escalators. Verticals such as banking and financial institutions, government and transportation, retail and logistics, commercial offices, industrial and manufacturing, residential, hospitality and healthcare, and educational institutions. The study highlights the key potential areas and provides insights on competitive landscape, company profiles, market drivers and restraints.
Source Link: http://www.6wresearch.com/press-releases/saudi-arabia-building-automation-control-market-2015-2021.html
For Further details, please contact:
Email Us: email@example.com
Call Now: +91-11-430-24-305
With over 1000 custom research projects, 6Wresearch is a global market research and consulting firm specializes in niche and emerging markets.The Company over the past few years has developed itself to be a renowned market intelligence company which led strong emphasis on competitive and strategic intelligence.
6Wresearch, through its integrated survey model, offers its client real time market and competitive intelligence and thus enable our clients to devise market entry strategies to target particular market and geography.
809, 8th Floor, Pearls Best Heights - II
Netaji Subhash Place, Pitampura
New Delhi, India-110034
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Saudi Arabia Building Automation & Control Market (2015-2021)-6Wresearch here
News-ID: 415884 • Views: 401
More Releases from 6Wresearch- Market Intelligence Solutions
India Agriculture Equipment Market (2019-2025)
Market Forecast By Products (Tractors ( Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Harvesters (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP & 130.1 HP- 200 HP), Threshers (Up To 30 HP & 30.1 HP- 70 HP), Pumps (Up To 30 HP, 30.1 HP- 70 HP, 70.1 HP- 130 HP, 130.1 HP- 200 HP & Above
Commercial Application To Drive The Growth Of UPS Systems In Vietnam - 6Wresearc …
UPS systems are witnessing mounting adoption by different end-user applications ranging from residential households, small commercial offices to large industrial enterprises. Moreover, factors such as inflow of FDI in industrial and manufacturing segments, growing power demand and increasing infrastructure projects in Vietnam have further fueled the demand for UPS systems in the country. According to 6Wresearch, Vietnam UPS Systems Market Revenues are projected to grow at a CAGR of 4.7% during
India Building Automation and Control Market (2017-23)
Market Forecast by Types (HVAC (Thermostat Controller, Zone & Climate Control, Temperature Sensor and Others), Lighting & Control System (Relay System & Controllable Breaker, Sensors & Dimming Systems and Others), Safety & Security System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems and Fire & Safety Equipment) and Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and
India Dishwasher Market (2018-2024)
Market Forecast By Type (Free-Standing and Built-in), By Applications (Residential and Commercial), By Distribution Channels (Multi Branded Stores, Exclusive Stores and Others), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape. India dishwasher market is exhibiting a steady growth within the country. Currently, the market is categorized as a niche segment, however, with growing product awareness amongst consumers, the market is anticipated to gain acceleration over the coming years. Increasing
More Releases for Saudi
Saudi Arabia Infrastructure Research Report
The report provides a detailed analysis of the Infrastructure sector in Saudi Arabia, including the state of current infrastructure, the regulatory and financing landscapes, forecast spending across all key sectors and the major projects in the construction pipeline. Request A Free Sample Report- http://www.marketresearchhub.com/enquiry.php?type=S&repid=1311098 The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. Summary With a young and growing population, together with rapid
Saudi Arabia Radio LIve
Saudi Arabia Live Radio is created for the sake of our contemporary users to accommodate their demands and expectations. This innovative application is full of comprehensive Radio Stations, which are renewed and extended from time to time by the sophisticated professionals. The following app is absolutely free of charge and provides you with an exclusive opportunity to listen to your favorite music and newsworthy programs, as well as news from
Saudi Privatization Summit 2016 – “Unlocking the hidden potential of Saudi A …
The current oil catastrophe and economic stress is compelling Saudi Arabia to transform and is set to create the World's biggest and Middle East’s strongest Sovereign Wealth Fund by welcoming International investments and privatizing state-owned companies. The Kingdom envisions to increase non-oil revenue to USD 120 Billion per year, by 2020 and a six-fold growth to USD 266 Billion per year by 2030. Diversifying traditionally-oil based economies and reducing the
Booming Education Sector in Saudi Arabia
According to a new research report by RNCOS, “Saudi Arabia Education Forecast to 2016”, Saudi Arabia is presently regarded as the most lucrative market for education services in the GCC. The report revealed that, the improving infrastructure and increasing government support are contributing to the growth of education sector in the Kingdom. Moreover, during our analysis, it was found that rapidly increasing demand for skilled personnel across various industry verticals
Saudi Arabia Education Forecast to 2016
RNCOS has recently added a new Market Research Report titled, “Saudi Arabia Education Forecast to 2016” to its report gallery. Saudi Arabia, the most populated country in the Gulf Cooperation Council (GCC), represents the largest education industry in the region. With majority of the Kingdom’s population below the age of 25, the country’s education sector holds immense growth potential. According to our latest research report “Saudi Arabia Education Forecast to
Saudi Arabia Housing Sector Exhibiting Astronomical Growth
According to a new report by RNCOS, “Saudi Arabia Housing Sector Outlook”, Saudi Arabia continues to attract massive investments and remains a favored destination for real-estate developers around the world. Real-estate investments were expected to reach nearly US$ 400 Billion in 2010; up by nearly 33% from 2009. Residential real-estate was expected to account for the bulk of investments. Recovering oil prices, continued government stimulus, and gradual relaxation of bank