The Building Automation System Market report upholds the future market predictions related to Building Automation System market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Building Automation System market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Building Automation System market, the report also offers a full study of the future trends and developments of the market.
The Global Building Automation System (BAS) market is expected to grow from $59.43 billion in 2017 to reach $166.99 billion by 2026 with a CAGR of 12.1%. Rising in demand for energy-efficient systems, improvement of IoT in building automation system, growth of building automation-centric wireless protocols and wireless sensor network technology are some of the key factors fuelling the market growth. However, high installation price and lack of skilled labour are hindering the growth of the market.
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Based on Offering, security and access control systems segment is estimated to have a substantial growth due to the need for increased level of security, activity monitoring, and access control has led to the rise in the demand. The demand for home security solutions is also rising at a rapid speed because of different factors such as technological advancements, increase in crime rates and monitoring the children at home. By Application, commercial application segment holds the significant growth due to the improved rate of implementation of BAS in large shopping complexes, office buildings, and public transport areas.
By Geography, Asia Pacific is expected to be the fastest-growing market. The growth is attributed to the huge economic growth witnessed by the major countries in this region. The rapid increase of the construction industry in this region, in addition to the government initiatives are expected to drive the market growth.
Some of the key players in the Building Automation System market are Siemens AG , Schneider Electric SE, Robert Bosch GmbH, Hubbell Inc., Ingersoll-Rand PLC, Crestron Electronics, Inc., Distech Controls Inc., Buildingiq, Lutron Electronics Co., Inc., ABB Ltd., Legrand SA, United Technologies Corp.,Johnson Controls International PLC, Honeywell International Inc., Mitsubishi Electric Corporation, Emerson Electric Co. , General Electric, Cisco Systems,Inc, Bosch Security Systems and Philips Lighting Holding B.V
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Communication Technologies Covered: Wired Technologies, Wireless Technologies
Offerings Covered: Facility Management Systems, Fire Protection Systems, Security and Access Control Systems, BAS Services, Building Energy Management Software, Other Offerings
Applications Covered: Industrial Application, Residential Application, Commercial Application, Government
For players with market presence globally or looking expand into other global regions, regional analysis can come handy in planning ahead. The global Building Automation System market regions include:North America, US, Canada, Mexico, Europe, Germany, UK, Italy, France, Spain, Rest of Europe, Asia Pacific, Japan , China , India , Australia , New Zealand, South Korea , Rest of Asia Pacific , South America, Argentina, Brazil, Chile, Rest of South America, Middle East & Africa, Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa
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