The Building Automation System Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2019-2025. The Building Automation System Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). Report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. This Building Automation System Market study provides comprehensive data which enhances the understanding, scope and application of this report.
Top Companies in the Global Building Automation System Market
Honeywell, Siemens, Johnson Controls, Schneider Electric, United Technologies, Bosch, Legrand, Hubbell, ABB, Ingersoll-Rand, Lutron, Crestron, BuildingIQ.
The Global Building Automation System (BAS) market is expected to grow from $59.43 billion in 2017 to reach $166.99 billion by 2025 with a CAGR of 12.1%.
Energy management needs and the growing emphasis on reducing utility costs, continue to drive the adoption of building automation systems. Majority of the large buildings today are equipped with these solutions in the developed parts of the world. Proactive measures taken by government organizations for the implementation of standards, such as ISO 50001 (energy-management-system standard) in the building sector, have the potential to stimulate the integration of building automation systems.
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Increasing Demand for Energy-efficient Systems
Building automation solutions are emerging as cost-effective tools for essentially all forms of buildings, regardless of energy costs, usage, or climatic conditions. The average net energy savings per installation (of these systems) is about 36% for space heating, water heating, and cooling/ventilation (HVAC), and 23% for lighting (as of 2016). The reduced energy consumption is also contributing toward climate change mitigation. Europe’s emission from fuel combustion is likely to witness a reduction of 9-14% by 2035(according to a report by European Union). This is further driving the growth in the market, due to the government’s support and promotion for further uptake of smart grids, demand-side management, and on-site renewable energy production. Moreover, standards like ISO 50002 (energy-management-system standard) in the building sector are pushing the implementation, which has the potential to stimulate the integration of energy-saving control systems. Furthermore, environmental certification of buildings, like LEED and BREEAM, are also playing an increasingly important role, thus driving the adoption for building automation solutions
Building Management Systems Software (BMSS)
Owing to the rising environmental concerns, many organizations are adopting smart building networks to reduce the energy consumption and operational costs in commercial buildings, thus, favoring the market. Globally, it was also estimated that commercial building owners and managers are expected to invest USD 960 billion between 2016 and 2023 on making their existing infrastructure more eco-friendly (according to Smart Glass International). Furthermore, growth in business and emerging business opportunities in developing economies, such as Brazil, China, and India are driving the establishments of new infrastructure in developing nations.
The Building Automation System market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Building Automation System Market on the basis of Types are
Wired Technology
Wireless Technology
On The basis Of Application, the Global Building Automation System Market is Segmented into
Residential
Commercial
Industrial
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Regions Are covered By Building Automation System Market Report 2019 To 2025.
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Germany expected to Hold the Largest Market Share in Europe
Flexible Germany has been a leader on the technological front in Europe, owing to government regulations, which are encouraging the adoption of smart services. This is expected to drive the growth of the smart office and smart homes market in the country. The introduction of Energy Performance Certificates (EPC) for buildings in 2014 had significantly favoured the market for building automation systems in Germany. Renovation toward energy-efficient buildings is expected to increase, as Germany will need to achieve 1.5% additional savings as per the Energy Efficiency Directive (EED). I
Significant Features that are under Offering and Key Highlights of the Reports
-Detailed overview of Building Automation System Market
-Changing Building Automation System market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Building Automation System market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Building Automation System Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
The report has 150 tables and figures browse the report description and TOC
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