Building Automation and Controls Market 2019
Description: –
The significant increase in the development of wireless protocols and wireless sensor network technology for BAS (building automation systems), the rapid penetration of IoT (the Internet of Things) in building automation systems and the adoption of automated security systems in buildings are critical factors driving the growth of the BAS market. North America contributes to the largest market share.
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Key Players
Honeywell
Tyco
Siemens
Legrand
Johnson Controls
Bosch Security Systems
Schneider Electric
Control4
United Technologies
Lutron
The other factors driving the market are the rising adoption of smart homes concept to conserve energy and the government’s favourable support to implement the same. Commercial buildings are the major consumers of BAS to drive the growth for commercial application. APAC offers lucrative growth opportunities (at a fast CAGR) primarily for the construction industry in India and China. Building energy management software helps a commercial building or home to inform on energy drifts, but also provides tips on how to save energy along with actions to be taken.
Industrial market includes production plants, factories, distribution facilities, warehouses, and other structure that supports engineering, manufacturing, and production. Industrial buildings have their own set of requirements for different storage purposes and manufacturing processes. These buildings are equipped with highly classy technologies, ranging from ACs, lifts controlled ventilation systems, which contributes to high energy consumption. Reduction in energy expenditure will drive this market as it directly contributes to the OPEX and CAPEX of the company and affect its profitability.
Market Segment:
The Global Building Automation and Controls Systems market is classified on the basis of types, and application, communication technology. Based on its type, the market is divided into HVAC Control, Lighting Control Security and Access Control. Based on the application, the market is divided into Institutional, Residential and Commercial segments. Based on Communication Technology, the market is divided into wired technology, wireless technology. By offering, the market is divided into Facility Management Systems, Building Energy Management Software, BAS Services, Security & Access Control Systems, Fire Protection Systems, and Others (Gateways, HMI Screens, Smart Plugs, Smart Hubs, and Smart Locks). Due to high growth in commercial building developments, Global Building Automation and Control Systems will grow rapidly when compared with residential projects.
Regional Analysis:
By region, the Global Building Automation and Controls Systems market is divided into North America (United States, Canada, Mexico), Europe (Germany, France, UK, Italy, Russia), Asia Pacific (China, Japan, Korea, Southeast Asia, India), South America (Brazil, Argentina, Colombia etc.) and Middle-East and Africa (Saudi Arabia, South Africa, Egypt, UAE, Egypt, and Nigeria). India and China had started building smart cities which means energy conservation is key, India’s goal is to build 100 smart cities by 2022 – this requires Building management system, lighting control security and access control and HVAC control as well. Both residential and commercial segments will grow during the forecasted period.
Industry News:
Spending for smart cities is expected to reach USD 34.35 billion by 2020. The increasing need for installing smart fire systems and social alarm systems has additionally contributed towards the growth of the building automation and controls systems market. The market is observing an increasing demand for theft control alarm systems due to the rising number of corruptions, crimes, and robbery in APAC.
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Some Major Key Points Included In This Report :
- Market Overview
- Manufacturers Profiles
- Global Building Automation and Controls Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
- Global Building Automation and Controls Market Analysis by Regions
- North America Building Automation and Controls by Countries
- Europe Building Automation and Controls by Countries
- Asia-Pacific Building Automation and Controls by Countries
Continued….
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