Saudi Arabia Building Energy Management System Components Market 2018-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 23, 2018--The “Saudi Arabia Building Energy Management System Components Market (2018-2024): Market forecast By Thermostats, By Valve & Actuators, By Damper Actuators, By Variable Frequency Drive, By Verticals, By Regions and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering
The Saudi Arabia Building Energy Management System Components Market is projected to grow at a CAGR of 2.8% during 2018-2024
Building Energy Management Systems helps in tracking and monitoring the energy usage across several verticals such as commercial, upstream production and residential. The electricity tariffs in the United States for residential, commercial and industrial segments are expected to rise by 8%, 6% and 7%, respectively during 2016-19. Rising electricity bills is expected to drive the demand for building energy management systems in the United States over the coming years.
The development of large entertainment cities in several regions of the country, such as Riyadh and Jeddah, would involve the construction of new healthcare centers, hotels, commercial buildings and other social infrastructure, which would drive the market achieve a steady growth in the forecast period.
Building energy management system components are a basic requirement in the designing of an automated building, where these are used on large scale for regulating various HVAC functions. Healthcare and hospitality sectors of the country generate the highest market demand for such components, where these are employed to regulate the air flow round the clock.
By ThermostatsBy Types StandaloneCAVVAVFCUPackage UnitOthers (Globe Valve and Control Ball valve) Communicating CAVVAVFCUPackage UnitOthers (Globe Valve and Control Ball valve) By Technology WiredWireless
By Valve & Actuators2-Way Butterfly ValvePICVOthers (Globe Valve, Control Ball valve, etc.) 3-Way Butterfly ValvePICVOthers (Globe Valve and Control Ball valve) Others (1-Way and 4-Way)
By Damper ActuatorsHVAC Application Butterfly ValvePICVOthers (Globe Valve and Control Ball valve) Air Volume Control Butterfly ValvePICVOthers (Globe Valve, Control Ball valve, etc.) Fire & smoke
By SensorsTemperature Sensors Humidity Sensors Air Quality Sensors Pressure Sensors Others
By Variable Frequency Drive (1/2 HP - 90 HP)By Application PumpFanOthers
By VerticalsCommercial Hospitality Healthcare Residential Others (Education Buildings and BFSI)
By RegionsEastern Western Central Southern
Companies MentionedABB Automation LLC Al Salem Johnson Controls AVK Saudi Valves Manufacturing Co. Ltd. Belimo Automation FZE Bray International, Inc. Emerson Process Management Arabia LTD Honeywell International Inc. Orton S.R.L Schneider Electric SE Siemens AG
For more information about this report visit https://www.researchandmarkets.com/research/vbg9cl/saudi_arabia?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005049/en/
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Related Topics:Utilities,HVAC (Heating, Ventilation, and Air Conditioning),Machine Parts
KEYWORD: SAUDI ARABIA MIDDLE EAST
INDUSTRY KEYWORD: ENERGY UTILITIES CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/23/2018 03:49 AM/DISC: 11/23/2018 03:48 AM