Building Automation and Controls Market 2017, By Type Institutional, Residential,Commercial 2023

Building automation & control is interpreted as a centralized automatic control of an infrastructures air conditioning, heating, lighting and other solutions. The entire process is done through building automation systems. The aim of building automation systems is to enhance an occupants comfort, reduce energy consumption as well as operating costs. Furthermore, building automation and control systems ensure an efficient operation and provides a real -time status information.

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Stringent policies and regulation imposed by government bodies, to augment the increasing cost -saving demand of building owners have contributed to the growth of the market to a greater extent. Moreover, growing awareness of the new wireless technologies is likely to propel the industry growth in the future. Advancements in terms of integration of both wireless as well as wired technologies are expected to create greater opportunities worldwide.

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The building automation and controls market is segmented based on applications, products and geography. The applications covered in the market research report includes institutional, residential and commercial. Furthermore, the products assessed during the study are HVAC control, lighting control as well as security and access control. Regions such as North America, Europe, Asia-Pacific and LAMEA would experience tremendous growth.

Key market players active in the building automation and controls market are Honeywell International, Tyco, Siemens, Legrand, Johnson Controls, Bosch Security Systems, Schneider Electric, Control4, United Technologies and Lutron.

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