DUBLIN, September 14, 2017 /PRNewswire/ --
The "Global Building Automation Market - By Communication Technology, Offerings, Application, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
The building automation system market was USD 54.81 billion in 2016 and is to reach USD 100.60 billion by 2022 at a CAGR of 10.65% during the period. Commercial buildings sector holds major share in building automation system market.
Building Automation system (BAS) is a process of automatically controlling building's heating, ventilation and air conditioning, lighting and other systems. Advantages of building automation system include improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs and improve life cycle of utilities.
BAS is also used to enhance the security and safety in buildings. A building with BAS installation is usually called as Smart Building or Intelligent Building.BAS uses analog and digital inputs and outputs. Analog inputs are used to read variable measurement whereas a digital input is used to determine if a device is turned on or off. Analog outputs are used to control automated system devices speed whereas digital outputs are used to open and close relays and switches.
North America currently holds major share in global building automation system followed by Europe and Asia Pacific. APAC is expected to show rapid growth rate due to increasing construction of buildings coupled with government initiatives.
Growing demand for comfort, customization, maintenance, support, reliability, safety, security, high energy efficiency, growing innovations in the wireless communication technologies and advances in Internet of Things(IoT) are boosting the growth of building automation system market globally. High implementation cost, macroeconomic slowdown and lack of legislative support are some of the constraints restraining growth in this industry.
Global Building Automation market is highly fragmented with the presence of major and local players. There is an increased adoption of wireless building automation and control system due to growing demand for comfort, security and improving living standards.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
- Definition
- Value chain analysis
- Porter's 5 Forces
- Regulations
4. Market Dynamics
- Introduction
- Drivers
- Constraints
- Opportunities
5. Global Building Automation market Segmentation, Forecasts and Trends - By Revenue
6. By Communication Technology
- Wireless Technologies
- Wired Technologies
7. By Offerings
- Facility Management Systems
- Security and Access Control Systems
- Fire Protection Systems
- Building Energy Management Software
- BAS Services
8. By Application
- Residential
- Commercial
- Industrial
9. By Region
- North America
- US
- Canada
- Europe
- UK
- France
- Spain
- Italy
- Others
- Asia Pacific
- China
- India
- Japan
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- United Arab Emirates
- Egypt
- Saudi Arabia
- South Africa
- Others
10. Vendor Market Share Analysis
11. Company Profiles
- Honeywell International Inc.
- Schneider Electric SE
- Robert Bosch GmbH
- Siemens AG
- ABB Ltd.
- Johnson Controls International PLC
- Hubbell Inc
- United Technologies Corp
- Lutron Electronics Co., Inc.
- Legrand Sa
- Ingersoll-Rand PLC
- Crestron Electronics, Inc.
- Buildingiq
- Others
12. Industry Structure
- Industry M&As, Consolidations
- Investment Opportunities
- Global Building Automation Market- Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/6gcpn3/global_building
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