Global Building Automation System Market Outlook 2017-2026 - Market is Expected to Grow to $166.99 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 4, 2018--The “Building Automation System - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
The Global Building Automation System (BAS) market is expected to grow from $59.43 billion in 2017 to reach $166.99 billion by 2026 with a CAGR of 12.1%.
Rising demand for energy-efficient systems, improvement of IoT in building automation system, growth of building automation-centric wireless protocols and wireless sensor network technology are some of the key factors fueling the market growth. However, high installation price and lack of skilled labour are hindering the growth of the market.
Based on Offering, security and access control systems segment is estimated to have a substantial growth due to the need for increased level of security, activity monitoring, and access control has led to the rise in the demand. The demand for home security solutions is also rising at a rapid speed because of different factors such as technological advancements, increase in crime rates and monitoring the children at home. By Application, commercial application segment holds the significant growth due to the improved rate of implementation of BAS in large shopping complexes, office buildings, and public transport areas.
By Geography, Asia Pacific is expected to be the fastest-growing market. The growth is attributed to the huge economic growth witnessed by the major countries in this region. The rapid increase of the construction industry in this region, in addition to the government initiatives are expected to drive the market growth.
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Building Automation System Market, By Communication Technology
6 Global Building Automation System Market, By Offering
7 Global Building Automation System Market, By Application
8 Global Building Automation System Market, By Geography
9 Key Developments
10 Company ProfilingSiemens AG Schneider Electric SE Robert Bosch GmbH Hubbell Inc. Ingersoll-Rand PLC Crestron Electronics, Inc. Distech Controls Inc. Buildingiq Lutron Electronics Co., Inc. ABB Ltd. Legrand SA United Technologies Corp. Johnson Controls International PLC Honeywell International Inc. Mitsubishi Electric Corporation Emerson Electric Co. General Electric Cisco Systems,Inc, Bosch Security Systems Philips Lighting Holding B.V
For more information about this report visit https://www.researchandmarkets.com/research/4ltw3j/global_building?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005478/en/
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Related Topics:Internet of Things and M2M,Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION INTERNET NETWORKS
SOURCE: Research and Markets
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PUB: 10/04/2018 10:24 AM/DISC: 10/04/2018 10:24 AM