The global building automation system market is projected to grow at a CAGR of 9%-11% during 2020-2025. The growth of building automation system market is driven by growing demand for automated security systems in buildings and growth of wireless protocols and wireless sensor technology for building automation systems.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the building automation system market by communication technology (wired technology [zigbee, enocean, Z–wave, Wi-Fi, bluetooth, thread, and infrared] and wireless technology [digital addressable lighting interface (DALI), KNX, lonworks, building automation and control network (BACNET), and Zmodbus]), offering (facility management systems [lighting controls and HVAC controls], security & access control systems [video surveillance systems and biometric systems], fire protection systems [sensors & detectors, fire sprinklers, fire alarms, and emergency lighting, voice evacuation, and public alert devices], building energy management software, BAS services, and others), application (residential, commercial [office buildings, retail and public assembly buildings, hospitals and healthcare facilities, airports and railway stations, and others], and industrial), component (hardware, software, and services), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the building automation system market?
Q.4 What are some changing demands of customers in the building automation system market?
Q.5 What are the new developments in the building automation system market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this building automation system area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this building automation system market?
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Market Segmentation:
Based on communication technology, the building automation system market is segmented into wired technology [zigbee, enocean, Z–wave, Wi-Fi, bluetooth, thread, and infrared], and wireless technology [digital addressable lighting interface (DALI), KNX, lonworks, building automation and control network (BACNET), and Zmodbus]. The wireless technology segment accounted for the largest share of the market in 2020 due to growth of wireless sensor network technology and wireless protocols for building automation system.
North America is expected to be the largest region over the forecast period due to growing infrastructure that can accommodate to building automation solutions in the residential and commercial applications.
Key Players in the building automation system market are Johnson Controls International, Schneider Electric, Honeywell International, United Technologies Corp., Siemens, Robert Bosch, Legrand, Hubbell, ABB, Ingersoll-Rand, Lutron Electronics, Crestron Electronics, BuildingIQ, Hitachi, Ltd., Delta Controls, Beckhoff Automation GmbH, Lennox International, General Electric.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Brandon Fitzgerald
Lucintel
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