HOME Press Releases Building Automation System Market worth 100.60 Billion USD by 2022



Building Automation System Market worth 100.60 Billion USD by 2022


According to the new market research report "Building Automation System Market - by Product Segments (HVAC Controls, Lighting Control system, video surveillance, biometric access control, fire sprinkler, fire alarm), Communication Protocol Application and Geography - Global Forecast To 2022" , the building automation system market is expected to reach USD 100.60 billion by 2022, at a CAGR of 10.65% between 2016 and 2022. The ability of the building automation system to increase the energy efficiency and enhance the security and safety in buildings is one of the major driving factors for the market. Moreover, the advancements in the wireless communication technologies and convergence of IoT and building automation further drive the growth of the building automation system market.

Browse 70 tables and 66 figures spread through 162 Pages and in-depth TOC on "Building Automation System Market - Global Forecasts to 2022"
http://www.marketsandmarkets.com/Market-Reports/building-automation-control-systems-market-408.html
Early buyers will receive 10% customization on reports.

Security & access control systems to lead the building automation system market

The market for security & access control systems is expected to lead the global building automation system market during the forecast period. It is very difficult to manually monitor the activities and keep track of people entering and exiting a building, especially in large organizations. Thus, the need for automatic systems to increase the security level, monitor activities, and control the access has led to the rise in demand for security & access control systems.

Commercial buildings sector expected to hold the largest share of the building automation system market

The market for the commercial buildings application is expected to hold the largest share of the global building automation system market during the forecast period. This sector has the highest demand for energy conservation and reducing the overall operating cost. This is one of the major driving factors for the growth of this market.

APAC expected to witness rapid growth during the forecast period

The APAC region is expected to play a key role in the building automation system market and grow at the highest rate during the forecast period. The rapid growth of the construction industry in this region as well as the government initiatives have contributed to the growth of the building automation system market in the APAC region.

The major players in this market include Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Johnson Controls Inc. (U.S.), Hubbell, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Legrand SA (France), Ingersoll Rand PLC (Ireland), ABB (Switzerland), and Robert Bosch GmbH (Germany) among others.

This research report categorizes the global building automation system market on the basis of protocols, standards & communication technologies, products, applications, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the building automation system market. The Porter’s Five Forces analysis has been included in the report with a description of each of the force and its respective impact on the building automation system market.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports