Building Automation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2028

  • Report ID : 100207
  • Category : IoT and Automation
  • Pages : -----
  • Reporting status : Published Jan, 19
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Building automation is the automatic centralized control of a building's ventilation, heating, lighting, air conditioning, and other systems via a building automation system. The objectives of building automation are efficient operation of building systems, enhanced occupant comfort, improved life cycle of utilities and reduction in energy consumption and operating costs. Building automation is an sample of a distributed control system – the computer networking of electronic devices integrated to monitor and control the security, fire, mechanical, and flood safety, lighting, HVAC & humidity control and ventilation systems in a building. BAS core functionality is to keep building weather within a definite range, providing light to rooms based on an occupancy schedule. A basic functionality of BAS is to reduce building energy and maintenance costs compared to a non-controlled building.

The global building automation market has be categorized into communication technology, offerings and regions. Based on the communication technology the market has been segmented into wired technologies, and wireless technologies Based on offering the market has been bifurcated into facility control systems, building energy management software, security and access control systems, BAS services among others.

The major factors driving the building automation market are the rise in the demand for the energy-efficient systems, advancements in the building automation centric wireless sensor network technology and wireless protocols, technological advancements in the building automation system with the help of IoT systems, and rapid growth of infrastructure in the developing countries. Lack of skilled labors, technical difficulties and the high implementation cost are the major factors that may hinder the progress of the building automation market in the near future. Additionally the technological advancements in the printed Communication Technology one of the major growth opportunities for the Building Automation market players. The major challenges faced in this market are the high research & development cost and the sustainable e-packaging products.

Geographically, the Building Automation market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The Building Automation market size and forecast period for each region has been estimated from 2017 to 2023. Additionally the CAGR (%) for the forecasted period 2017 to 2023. The study also includes market estimates for major countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. The detailed analysis by Communication technology, offerings, applications and regions supports in evaluating the present scenario, growth prospects and the future scenario for the building automation market over the forecast period. Thus, the report delivers in-depth segment analysis of the market and classifies it into various industries, thereby providing valuable perceptions.

The growing necessity for the automation of security systems in various buildings is anticipated to drive the APAC market for building automation in the future years. The major companies that providing building automation Siemens AG, Honeywell International Inc., Schneider Electric Corp., Johnson Controls International PLC, United Technologies Corp., Schneider Electric Corp., Hubbell Inc., Legrand SA., Building, ABB Ltd., Robert Bosch GmbH, Ingresoll -Rand PLC., Lutron Electronics Co., Inc., and Crestron Electronics, Inc.

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