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Global building automation systems market

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Building automation systems (BAS) are the centralized, interconnected networks of software and hardware which control the environment in commercial, residential and institutional facilities. The objective of installing building automation systems is improving the resident comfort, reducing consumption of energy and managing building operations effectively.

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Global building automation systems market

  1. 1. GLOBAL BUILDING AUTOMATION SYSTEMS MARKET:TRENDS ANALYSIS AND FORECASTS UP TO 2021 The restraining force influencing Building Automation Systems market is the expense involved in installa- tion of Building Automation Systems. Cost benefit ratio and ambiguity regarding the structure of funding in implementation of Building Automation Systems infrastructure is also acting as a restraining factor in some markets. Building automation systems (BAS) are the central- ized, interconnected networks of software and hard- ware which control the environment in commercial, residential and institutional facilities. The objective of installing building automation systems is improving the resident comfort, reducing consumption of energy and managing building operations effectively. BAS on the basis of product type can be categorized into segments including, security and safety, lighting, heating, ventilation, air-conditioning (HVAC) systems, energy management devices, communication and healthcare and child safety, entertainment controls and smart gadgets. On basis of end-users the BAS market can be segmented into industrial, commercial, and residential. Based on technology, the BAS mar- ket can be segmented into technologies and protocol, cellular networks and wireless technologies. The major driving forces for this market are the regu- latory norms, the requirement for superior utility effi- ciency, increasing global demand for energy and en- hanced customer service. Additionally, need for im- plementation of the smart grid technologies, housing trends and energy management practices have played a major role in the growth of this market. The restraining force influencing BAS market is the expense involved in installation of BAS. Cost benefit ratio and ambiguity regarding the structure of funding in implementation of BAS infrastructure is also acting as a restraining factor in some markets. Recent trends demonstrate that the governments of various countries are implementing regulations to minimize the wastage of energy, which results in in- creasing usage of BAS. More stringent regulations are expected to be implemented in future which would drive the market for BAS. North America is currently leading in the building au- tomation systems market. Asia-Pacific is expected to be driven by China, India, South Korea and Japan among others. China is expected to lead the BAS market in the subsequent years. Currently the Euro- pean region is observing a significant growth in Spain, the U.K., Germany and France owing to their introduction of new energy related regulations. The Middle-East with its rapid industrialization will observe huge growth in the recent future. Few major players in the BAS market are Siemens AG, Schneider Elec- tric Legrand ABB, Emerson Electric Co., Crestron Electronics and Honeywell International among oth- ers. 2015 2021 North America Europe Asia Pacific RoW Global Building Automation Systems market applications shares Global Building Automation Systems market : Regional Highlights Global Building Automation Systems market: regional Shares Merger & Acquisitions Joint ventures New Product Development Others X.X% X.X% X.X% X.X% Global Building Automation Systems market : industry developments of key participants Market Analysis 50% 100%100% x.x% Residential 50% 100%100% x.x% commercial 50% 100%100% x.x% Industrial 50% 100%100% x,.x% x.x % x.x % x.x % x.x % North America Latin America Asia Europe
  2. 2. To purchase complete report on Global Building Automation Systems market visit: URL: https://www.infiniumglobalresearch.com/global-building-automation-systems-market.html website : www.infiniumglobalresearch.com Contact us: Email– sales@infiniumglobalresearch.com Skypeid: infiniumglobalresearch

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