Overview:
The synced state with technological advancement is assisting the building automation system market in accelerating in terms of growth. It increases the efficiency of the associated systems by bringing them under a single purview and easing the monitoring and controlling process. The global Building Automation System Market is expected to rise with 13% CAGR during the forecast period (2016-2022). In its process of cementing foothold, it can cross the USD 100 billion mark by 2022, claims Market Research Future (MRFR) in a comprehensive report. The system encompasses mechanical infrastructure, security, fire, lighting, HVAC, and humidity control. The finished building is more commonly known as an intelligent building or smart building which lessens the consumption of energy by almost 50% during the construction in compared to that of traditional buildings. This reduction directly impacts maintenance cost as well. The building automation system market is further getting encouraged by increasing use of IP-based communication and pervasiveness of automation, along with, demand for the internet of things (IoT) running rife. Emerging economies are also supporting the infrastructure by backing up the market with superior infrastructure.
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Despite such advantages, the building automation system market can receive a few blows during the forecast period. Lack of skilled hands and technical drawbacks can deter market growth. But these can only have situational impacts, that too, not for long. This system supports eco-friendliness and can bask in the growing demand for homes that leave a little carbon footprint.
Key Players:
Key Players in Building Automation Systems Market are - ABB Ltd. (Switzerland), Cisco Systems, Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Crestron Electronics, Inc. (U.S.), Delta controls, Inc. (U.S.), Rockwell Automation (U.S.), Schneider electric SE (France), General electric (U.S.), Honeywell International Inc. (U.S.), Lutron Electronics Co., Inc. (U.S.) and others.
Segments for Building Automation System Market:
- Network connectivity: Wired and Wireless network.
- Product: HVAC control systems, Light control systems, fire protection systems, surveillance systems, and, management software.
- End-Users: Commercial, Industrial and residential.
Regional Analysis of Building Automation System Market:
Geographically, the report is differentiated in regions such as North America, Europe, Asia Pacific, and Middle East and Africa.
North America is expected to lead the market with the U.S. to be the largest due to enlarging adoption of building automation system. Europe is expected to be the second largest market which is expected to be led by Germany and France. However the Scandinavian region countries are expected to be the fastest growing market in European region. Asia-Pacific is anticipated to be the fastest growing building automation system market over the forecast period. Japan is expected to be the largest market in the Asia Pacific region, while China is expected to be the fastest growing market. South Korea and India are other regions of high growth.
The development of a large industrial base in China and India and the growing cost of noncompliance of building regulations and workplace hazards in these industries are expected to be a strong driver of the market.
The Middle East and Africa market for is expected to be led by the Gulf. The Gulf economies such as Abu Dhabi, Dubai, Saudi Arabia and others are expected to be very rich markets due to their high revenues and per capita income and their service led economies. The African market is expected to yield moderate growth due to lack of urbanization and poor socio-economic conditions.
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Table Of Contents
- Executive Summary
- Research Methodology
2.1. Scope Of The Study
2.1.1. Definition
2.1.2. Research Objective
2.1.3. Assumptions
2.1.4. Limitations
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market Size Estimation
2.4. Forecast Model
- Market Dynamics
3.1. Market Drivers
3.2. Market Inhibitors
3.3. Supply/Value Chain Analysis Or Market Ecosystem
3.4. Porter’s Five Forces Analysis
- Building Automation System Market, By Network Connectivity
4.1. Introduction
4.2. Wireless
4.3 Wired
4.4 Others
Continued…
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Market HighlightsThe global Building Automation System market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.With growing technology advancements, Building Automation System has created its high demand in industries to effectively monitor emerging carbon dioxide & combine sensors, lighting control of a building, dimming systems, and conservation of energy resources.
Due to its high advantage over conventional building model it is attracting commercial, industrial and residential industry and propelling its market growth during forecast period 2016-2022.The global key market players such as ABB Ltd., Cisco Systems, Inc., Robert Bosch GmbH and other industries are offering building automation system solutions to their end-user.
In March 2016, ABB Ltd., a leading power & automation technology provider, has deployed building automation system in Microsoft’s new office located in Denmark.
Further, in May 2016, Cisco Systems and Johnson Control has done partnership to focus on emerging Building Automation System Market.
These growing advancement in product categories and high involvement of small & large market players in providing building automation system systems & services is creating high growth opportunity for building automation system in the upcoming future.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2518Segments for Building Automation System Market:The global building automation system market can be segmented by network connectivity, product, and end-users.Based on network connectivity, the global building automation system market can be segmented into wireless and wired network.Product-wise, the building automation system market includes light control systems, HVAC control systems, surveillance systems, fire protection systems, and management software.
Shopping complexes are integrating the system more than ever now which is giving commercial segment significant traction.Key Players:Key Players in Building Automation Systems Market are - ABB Ltd. (Switzerland), Cisco Systems, Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Crestron Electronics, Inc. (U.S.), Delta controls, Inc. (U.S.), Rockwell Automation (U.S.), Schneider electric SE (France), General electric (U.S.), Honeywell International Inc. (U.S.), Lutron Electronics Co., Inc. (U.S.) and others.Regional Analysis of Building Automation System Market:Region-specific approach to the building automation system market spans across North America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).North America is currently having a great run in the market as it is generating the maximum revenue share.
The global building automation system market report by Market Research Future (MRFR) contains the latest drivers, restraints, opportunities, and trends for the period of 2016 to 2022 (forecast period).
Competition Outlook Schneider Electric SE, Cisco Systems, Inc., Crestron Electronics, Inc., Lutron Electronics Co., Inc., General Electric, Delta Controls, Inc., Robert Bosch GmbH, ABB Ltd., Rockwell Automation, Honeywell International Inc., and Siemens AG are key players of the global building automation systems market.
Partnerships, mergers, and expansions are major strategies of players in the industry as evident by the recent partnership of Mouser Electronics with Littelfuse, TE Connectivity, and Silicon Labs.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2518 Segmentation By network connectivity, it is divided into wireless and wired network.By product, it is segmented into light control systems, fire protection systems, HVAC control systems, surveillance systems, and management software.
The surveillance systems segment is likely to gain a huge demand owing to alarming cases of intrusion and theft in suburban and urban areas.By end-users, it is segmented into residential, commercial, and industrial.
The commercial segment is projected to be lucrative for the global building automation systems market owing to the integration of intelligent systems in shopping malls.
