Building Automation and Control Systems Market By Type (Security Access Control, Building Management Software, Facility Management Systems (FMS), Environmental Control & Lighting Management, Energy Management and Other Types), Communication Technology (Wireless and Wired), Offering (Facilities Management Systems, Fire Protection Systems and Security & Access Control Systems) and End User (Government, Residential, Commercial and Other End Users) - Global Industry Analysis And Forecast To 2025
The building automation is the programmed centralized control of the building's heating, air conditioning and ventilation, heating, lighting and different frameworks through a building automation system (BAS) or the system of building administration. The aim of the building automation are the enhanced inhabitant comfort, the effective operation of the building frameworks, the decrease in consumption of energy and the expenses of operation, and the enhancement in the life cycle of the utilities. Now-a-days all the green building that are multistory have been designed to utilize the BAS for the characteristics like the air, energy & water conservation. Therefore, the Building Automation and Control Systems Market is anticipated to expand and has tremendous scope during the forecast period. The global Building Automation and Control Systems Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Drivers & Restrains
The factors driving the market are; rising demand for management of energy, increasing use of automation in the buildings, standards implemented by the government like the energy-management-system standard for the construction sector, rising need for cutting the utility costs, growth of the construction sector due to rapid urbanization & increasing population and some other factors. The restraining factors of the market are; technological difficulties faced, less skilled experts available in this field, more cost of implementing the systems, etc.
The European region specially Germany is leading the global Building Automation and Control Systems Market due to the rules & regulations laid down by the government which is increasing use of the smart services, the launch of the Energy Performance Certificates (EPC) for the infrastructures, and other factors.
Building Automation and Control Systems Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
HONEYWELL INTERNATIONAL INC.
SCHNEIDER ELECTRIC SE.
JOHNSON CONTROLS INTERNATIONAL PLC.
ROBERT BOSCH GMBH.
MITSUBISHI ELECTRIC CORPORATION.
EMERSON ELECTRIC CO.
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?