The global demand for Building Automation System Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A building automation system comprises of software and hardware for controlling and monitoring electrical systems installed in buildings. These systems include heating, ventilation, air-conditioning, lighting control, security, and surveillance, in buildings (residential and commercial). Building automation system (BAS) include facility management systems, security and access controls, and fire and life safety alarms. Building automation's main aim is to improve system efficiency with increased safety. BAS core functionality is maintaining building climate based on an occupancy schedule, monitoring performance and device failures in all systems, and providing malfunction alarms.
Market Dynamics
The building automation system market is anticipated to witness high growth due to the growing popularity of smart buildings. Moreover, the growing demand for energy-efficient and eco-friendly buildings is expected to drive the market growth. Additionally, increasing security threats and growing demand for integrated security solutions is expected to propel the market growth. However, the high cost associated with building automation systems is expected to hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of building automation system. The growth and trends of building automation system industry provide a holistic approach to this study.
Market Segmentation
This section of the building automation system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Offering
- Facility Management Systems
- Security & Access Controls
- Fire Protection Systems
- BEM Software
- BAS Services
By Communication Technology
- Wireless Technology
- Wired Technology
By Application
- Commercial
- Residential
- Industrial
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Building Automation System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Building Automation System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the building automation system market include Honeywell International (US), Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Zurich), Trane Technologies (Ireland), Lutron Electronics (US), Creston Electronics (US), Hitachi (Japan), Delta Controls (Canada), Beckhoff Automation (Germany), Lennox International (US), General Electric (US), Distech Controls (Canada), Dialight PLC (UK), Cisco Systems (US), Rockwell Automation (US), Control4 (US), Signify (Philips Lighting) (Netherlands), Emerson Electric (US), and Leviton Manufacturing Company (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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