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Building Automation System Market Competitive Landscape and Industry Analysis Report by 2027
minutes de lecture
minute de lecture
Market Research Future (MRFR) projects the global building automation system market to expand at 13% CAGR from 2016 to 2022 (forecast period).
The building automation system is an essential component of any infrastructure. It's required for monitoring, security, mechanical, humidity, fire, and lighting control systems. The building automation system is suitable for autonomous building. The system is capable of managing all of the building's facilities.
Every year, the need for smart buildings grows. Building Automation System Market Demand is increasing as a result of this. Smart-building technology is efficient because it uses only 50% of the energy. The growing use of IT communication methods is also increasing the demand for building systems. The building system is a collection of multiple systems that all share the same control access. These systems are designed to provide comfort, security, and energy efficiency.
The COVID-19 outbreak has altered market circumstances. During the pandemic, the real estate market is undergoing a severe downturn. Individuals investing in real estate are diminishing since the COVID-19 has stifled mobility. The market for building automation systems is shrinking. According to market analysis, it will see an increase in demand following COVID-19. All industrial operations have resumed, which will have a favorable impact on the market. After COVID-19, the building automation system market will see a constant flow of demand.
The global building automation system market has been segmented into network, end-user, and product.
By network, the global building automation system market has been segmented into wireless and wired.
By end-user, the global building automation system market has been segmented into commercial, industrial, and residential.
By product, the global building automation system market has been segmented into HVAC, surveillance systems, fire protection systems, and lighting control systems.
Region-wise, the global building automation system market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
Top Key Players
United Technologies Corp., Hubbell Inc., Schneider Electric, Ingersoll-Rand PLC, Robert Bosch, ABB Ltd., Johnson Controls International, Mitsubishi Electric Corporation.
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