The global building automation and control system market has observed a significant growth in recent years. The rise in the demand for energy-efficient systems and solutions, significant technological advancements of internet of things technology in building automation systems and solutions as well as increase in the construction activities in technologically advanced nations are the key factors which are propelling the growth of the said market.
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The electronic security and safety segment is expected to dominate the building automation system market during the forecast period. The capability of these electronic security and safety systems to monitor the activities, control access to buildings and thus protecting the staff, information as well as assests is the key factor which is propelling the growth of building automation market.
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Asia-Pacific region is expected to grow at the highest rate during the forecast market. The major factors propelling the growth of the market in the region is the growing demand for safe and sustainable construction, rise in the disposable income of people and favourable government initiatives pertaining to smart cities. China, Japan and India are major countries which accounted for a majority share in the Asia-Pacific building automation system market.
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This research report on global building automation system market provides in-depth analysis of the global building automation system market based on offering, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for building automation system market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
Key questions this research would answer:
Is the building automation system market growing? How long will it continue to grow and at what rate?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the building automation system market?
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