Building Automation System Market Attractiveness, Opportunities and Forecast to 2022

Market Synopsis of Building Automation System Market:                   
Smart buildings are a growing trend and a need of the future due to the vertical growth pattern of the real estate industry. The building automation system also called as intelligent building, smart building is a control system used to monitor & control the security, mechanical, illumination, climate and ventilation, access and movement and others in the infrastructure. The globally Building Automation System Market is expected to grow at a handsome CAGR rate of more than ~13% from 2016 to 2022.
Key Players:
Some of the major players in Global Building Automation System Market includes ABB Ltd. (Switzerland), Cisco Systems, Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Crestron Electronics, Inc. (U.S.), Delta controls, Inc. (U.S.), Rockwell Automation (U.S.), Schneider electric SE (France), General electric (U.S.), Honeywell International Inc. (U.S.), Lutron Electronics Co., Inc. (U.S.)  and others.
Key trends and developments
Growing cloud interfaces – the advantages of cloud such as no need of installation and maintenance, remote access through connected device is expected to be the chief driver.
Big data and machine learning - big data provides insights from a larger sample which can then be fed to machine learning algorithms to find patterns and commonalities. Thus it is expected that big data will provide more analytical power resulting in greater efficient operations. For example, music optimized to the liking of the crowd can be played by using data from previous and current interest of the customers of a mall. In fact Pandora music streaming application makes automated recommendations based on the music listener’s likes and interests.
Segments for Building Automation System Market:
  • Network connectivity: Wired and Wireless network.
  • Product: HVAC control systems, Light control systems, fire protection systems, surveillance systems, and, management software.
  • End-Users: Commercial, Industrial and residential.
Regional Analysis of Building Automation System Market:
Geographically, the report is differentiated in regions such as North America, Europe, Asia Pacific, and Middle East and Africa.
North America is expected to lead the market with the U.S. to be the largest due to enlarging adoption of building automation system. Europe is expected to be the second largest market which is expected to be led by Germany and France. However the Scandinavian region countries are expected to be the fastest growing market in European region. Asia-Pacific is anticipated to be the fastest growing building automation system market over the forecast period. Japan is expected to be the largest market in the Asia Pacific region, while China is expected to be the fastest growing market. South Korea and India are other regions of high growth.
The development of a large industrial base in China and India and the growing cost of noncompliance of building regulations and workplace hazards in these industries are expected to be a strong driver of the market.
The Middle East and Africa market for is expected to be led by the Gulf. The Gulf economies such as Abu Dhabi, Dubai, Saudi Arabia and others are expected to be very rich markets due to their high revenues and per capita income and their service led economies. The African market is expected to yield moderate growth due to lack of urbanization and poor socio-economic conditions.
Target Audience:
  • OEMs
  • Network service providers
  • Real estate
  • Software vendors
  • Suppliers & distributors
  • Research & consultancy
  • End-users
  • Technology providers
  • Cloud and network service providers
Table Of Contents
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS
FIGURE 2 GLOBAL BUILDING AUTOMATION SYSTEM MARKET: BY NETWORK CONNECTIVITY (%)
FIGURE 3 GLOBAL BUILDING AUTOMATION SYSTEM MARKET: BY PRODUCT (%)
FIGURE 4 GLOBAL BUILDING AUTOMATION SYSTEM MARKET: BY END-USER (%)
FIGURE 5 GLOBAL BUILDING AUTOMATION SYSTEM MARKET: BY REGION
FIGURE 6 NORTH AMERICA BUILDING AUTOMATION SYSTEM MARKET, BY NETWORK CONNECTIVITY (%)
FIGURE 5 NORTH AMERICA BUILDING AUTOMATION SYSTEM MARKET, BY PRODUCT (%)
FIGURE 7 NORTH AMERICA BUILDING AUTOMATION SYSTEM MARKET, BY END-USER (%)
FIGURE 8 NORTH AMERICA BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRIES (%)
FIGURE 9 EUROPE BUILDING AUTOMATION SYSTEM MARKET, BY NETWORK CONNECTIVITY (%)
FIGURE 10 EUROPE BUILDING AUTOMATION SYSTEM MARKET, BY PRODUCT (%)
FIGURE 11 EUROPE BUILDING AUTOMATION SYSTEM MARKET, BY END-USER (%)
FIGURE 12 EUROPE BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRIES (%)
FIGURE 13 ASIA-PACIFIC BUILDING AUTOMATION SYSTEM MARKET, BY NETWORK CONNECTIVITY (%)
FIGURE 14 ASIA-PACIFIC BUILDING AUTOMATION SYSTEM MARKET, BY PRODUCT (%)
FIGURE 15 ASIA-PACIFIC BUILDING AUTOMATION SYSTEM MARKET, BY END-USER (%)
Continued…
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312

Comments

Post a Comment

Popular posts from this blog

Penetration Testing Market 2021: Regions, Segmentation and Forecast to 2023

  Market Research Future published a research report on “Penetration Testing Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights: Penetration testing which is popularly known as pen-testing is a framework for measuring, testing and improving the current security procedures on information systems and supporting applications. The process of pen-test works in such a way that system can gain access to resources without prior-knowledge of identification media such as usernames, passwords and other normal ways of access. The surge in demand for secured the web applications to prevent against cyber-attacks and increase in internet penetration are some of the major driving factors for the growth of penetration testing market over the forecast period. The global penetration testing market is expected to reach approximately USD 2.8 billion by 2023 growing with 26% CAGR over the forecast period 2017-2023. Get Free
Read more

Automated Storage and Retrieval System (ASRS) Market Share Leaders, Growth Factors, Developments and Regional Forecast 2023

Market Research Future published a research report on “Automated Storage and Retrieval System (ASRS) Global Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Automated Storage and Retrieval System (ASRS) Market, By Type (Unit Load, Mini Load, Micro Load), By Applications   (Order Picking, Replenishment, Kitting, Order Picking, Distribution, Storage), By End-User (Semiconductor & Electronics, E-Commerce, Automotive, Chemicals, Aviation, Food & Beverages) - Forecast 2023 Market Synopsis: According to Market Research Future (MRFR)’s report, the global automated storage and retrieval system market is expected to thrive at a CAGR of 7.7% during the assessment period 2017 and 2023. The report suggests that the market is estimated to scale a decent valuation of USD 10.81 Bn by the end of 2023. These systems are widely used in warehouses and distribution facilities for effective inventory management. Technological dev
Read more

Penetration Testing Market 2021: Comprehensive Research Study and Strong Growth in Future 2027

  Market Research Future published a research report on “Penetration Testing Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights: Penetration testing which is popularly known as pen-testing is a framework for measuring, testing and improving the current security procedures on information systems and supporting applications. The process of pen-test works in such a way that system can gain access to resources without prior-knowledge of identification media such as usernames, passwords and other normal ways of access. The surge in demand for secured the web applications to prevent against cyber-attacks and increase in internet penetration are some of the major driving factors for the growth of  Penetration Testing Market  over the forecast period. The global penetration testing market is expected to reach approximately USD 2.8 billion by 2023 growing with 26% CAGR over the forecast period 2017-2023. Get Fr
Read more