At 12.1% CAGR, Building Automation System Market Size will reach 166.99 billion USD by 2026

by Tiago Decker

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

Read more about Building Automation System market: https://www.arcognizance.com/report/global-building-automation-system-market-outlook-2017-2026?utm_source=edailymagazine&utm_medium=180406

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

The Building Automation System industry majors who are constantly pushing their boundaries in capturing the major share of the pie have also resounded their inputs in the report where they claim that there are certain drivers which have been a major influencing factor in the way the market has been shaping up. The use of modern technology and next generation marketing techniques has ensured that the market is taking huge strides in terms of growth and this has been able to keep the market in check in terms of handling the various challenges that occur from time to time. The global Building Automation System market research report covers in detail all these aspects of the Building Automation System market and many more

What our report offers:

– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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Table of Content:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Building Automation System Market, By Communication Technology
5.1 Introduction
5.2 Wired Technologies
5.2.1 Lonworks
5.2.2 Digital Addressable Lighting Interface (DALI)
5.2.3 Building Automation System and Control Network (BACNet)
5.2.4 Modbus
5.2.5 Konnex (Knx)
5.3 Wireless Technologies
5.3.1 wireless Fidelity (Wi-Fi)
5.3.2 Enocean
5.3.3 Thread
5.3.4 Zigbee
5.3.5 Infrared
5.3.6 Z–Wave
5.3.7 Bluetooth

6 Global Building Automation System Market, By Offering
6.1 Introduction
6.2 Facility Management Systems
6.2.1 Heating, Ventilation, and Air Conditioning (HVAC) Control Systems
6.2.1.1 Smart Thermostats
6.2.1.2 Sensors
6.2.1.3 Pumps and Fans
6.2.1.4 Heating and Cooling Coils
6.2.1.5 Smart Vents
6.2.1.6 Control Valves
6.2.1.6.1 Three-Way Valve
6.2.1.6.2 Two-Way Valve
6.2.1.7 Actuators
6.2.1.7.1 Pneumatic Actuators
6.2.1.7.2 Electric Actuators
6.2.1.7.3 Hydraulic Actuators
6.2.1.8 Dampers
6.2.1.8.1 Parallel and Opposed Blade Dampers
6.2.1.8.2 Round Dampers
6.2.1.8.3 Low-Leakage Dampers

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Note:

Our report does take into account the impact of coronavirus pandemic and dedicates qualitative as well as quantitative sections of information within the report that emphasizes the impact of COVID-19.As this pandemic is ongoing and leading to dynamic shifts in stocks and businesses worldwide, we take into account the current condition and forecast the market data taking into consideration the micro and macroeconomic factors that will be affected by the pandemic.

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