Building Automation System Industry by Offering, By Communication Technology (Communication Technology , Wireless Technologies, Wired Technologies), By Application (Residential Applications, Commercial Applications, Industrial Application), and By Region | Global Market Opportunity and Current Growth Analysis 2019-2025
17 Jul 2021
Building & Constructions
Impact Analysis on the Growth of Market
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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Global Building Automation System Industry was valued at USD 75 Billion in the year 2018. Global Building Automation System Industry is further estimated to grow at a CAGR of 10.5% from 2018 to 2025 to reach USD 133.7 Billion. The growth in automated security systems in buildings, development of wireless protocols and wireless sensor network technology for Building Automation System, and rapid penetration of IoT in building automation systems are the critical factors driving the growth of the Building Automation System Industry.
Building energy management software helps building administrators or homeowners to continuously screen and investigate how much electricity is utilized by a building. It does not just advise building administrators or owners of energy drifts but in addition, gives noteworthy data to energy saving. With the approach of innovation, Building Automation System makers are concentrating on creating easy to understand software for the administration of energy utilization in a building, which, in turn, driving the interest for building energy management software.
Industrial facilities include factories, production plants, distribution facilities, and other infrastructure buildings that support manufacturing and processing functions. The segment is designed to adopt smart building solutions to achieve electricity and cost savings, higher productivity, enhanced identity and access management, and optimized surveillance. Commercial buildings have their own set of requirements for different operational purposes. These buildings are equipped with highly sophisticated technologies, ranging from lifts and air-conditioning units to controlled ventilation systems, which contributes to high electricity utilization. Reduction in electricity expenditure is critical for a commercial building, as it directly contributes to the operational and capital expenditure of the company and can affect its profitability.
The Building Automation System Industry in APAC is expected to grow at the highest CAGR during the forecast period. The expected rise is attributed to the rapid growth of the construction industry in developing countries such as China and India and government initiatives toward electricity conservation have contributed to the growth of the Building Automation System Industry in APAC. Countries such as China and India have aggressively started developing smart cities. Building Automation System is acting as a key enabler in achieving these objectives by the respective countries.
Major Industry players in Building Automation System Industry are ABB, Honeywell Building Solutions, Siemens Building Tech, Schneider Systems& Services, Johnson Controls Building Efficiency, Legrand SA, United Technologies, KMC Controls, Distech Controls, Crestron and Other Company Profile is provided as per client requirement.
Building Automation System Industry Segmentation:
Building Automation System Industry Overview, By Communication Technology
Building Automation System Industry Overview, By Application
Building Automation System Industry Overview, By Offering
ï¬Facility Management Systems
ï¬Lighting Control Systems
ï¬HVAC Control Systems
ï¬Security and Access Control Systems
ï¬Fire Protection Systems
ï¬Building electricity Management Software
Building Automation System Industry Overview, by Region
ï®Rest of Europe
ï®Rest of Asia-Pacific
ï®Middle East & Africa
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook