Building Automation System Market

Market Leaders - Building Automation System Market

The BAS market is expected to grow from USD 75.0 billion in 2019 to USD 121.5 billion by 2024—growing at a CAGR of 10.12%. Favorable government initiatives and incentives, advancements in building technologies, and automation with data analytics provide lucrative opportunities for the players in the BAS market. Rapid infrastructure growth in developing nations and rise in the adoption of automated security systems in buildings are the major factors driving the market growth.
Key players operating in the BAS market include major players operating in different stages in the entire value chain of BAS; these players are Honeywell International (US), Siemens AG (Germany), Johnson Controls International (Ireland), Schneider Electric (France), United Technologies Corp. (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), and Ingersoll-Rand (Ireland). Many major companies focus on the implementation of organic growth strategies, such as product launches, and inorganic strategies, such as acquisitions and expansions, to increase their revenue.

To know about the assumptions considered for the study download the pdf brochure

Top 2 Players in BAS Market:

Johnson Controls International (Ireland) operates in more than 150 countries across the Americas, Europe, the Middle East and Africa, and APAC. It is one of the leading players in the BAS market. The company has a broad product portfolio pertaining to the BAS market, with products ranging from building management systems, integrated HVAC systems, controls, and security and mechanical equipment. The company also provides air-conditioning and heating systems for residential buildings, industrial refrigeration products, energy management consulting, and technical services. Acquisition and partnerships were the primary strategies adopted by the company in 2018. For instance, in October 2018, the company partnered with the Town of Walden to implement Colorado’s first floating solar photovoltaic (PV) array at the Town Water Treatment Facility in Walden. In October 2018, the company acquired Lux Products Corporation (US), a leader in residential thermostats and smart products. In January 2016, Johnson Controls announced its merger with Tyco International (Ireland) and found the company based in Cork, Ireland.  According to this agreement, Johnson Controls combined with Tyco, a global fire and security provider, to establish a company engaged in building products and technologies, integrated solutions, and energy storage solutions. The merger was completed in September 2016, and Johnson Controls International was formed. This merger strengthened the BAS offering portfolio of the company and helped increase the overall revenue.

Schneider Electric (France) is one of those companies that do not depend on one region for revenue generation. In 2017, Schneider Electric generated 28% of its revenue from APAC, 27% from North America, and 27% from Europe. The company is involved in the manufacturing of industrial engineering equipment, and power distribution and automation systems. The company has presence in major countries across Europe, North America, APAC, and RoW. Acquisitions and partnerships were the major strategies adopted by the company from 2016 to 2018. For instance, in May 2018, Schneider Electric acquired Larsen and Toubro’s (India) Electrical and Automation business and combined it with Schneider Electric India’s Low Voltage and Industrial Automation Products business. In April 2018, the company partnered with Stäubli Robotics (Switzerland) to integrate customized Stäubli TS series 4-axis SCARA robots into Schneider Electric’s EcoStruxure Machine architecture and platform.

Related Reports:

Building Automation System Market by Communication Technology, Offering (Facilities Management Systems, Security & Access Control Systems, Fire Protection Systems, and Building Energy Management Software), Application, Region - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
SE 2966
RI Published ON
3/20/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Building Automation System Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved