Market Demand : Building Automation and Control Systems Market Globally Grow at a CAGR of 9.52% by 2021
Building automation and control systems are solutions installed in buildings to increase the operational efficiency and to reduce the overall energy consumption. It provides automatic centralized control and monitoring of the building lighting systems, HVAC, and safety and access systems among others. It develops software for an efficient building management system. These systems are primarily installed in commercial, residential, government, and various types of public buildings. Commercial buildings are the major end-users of building automation systems followed by residential and government premises. The segment is showing significant growth attributed primarily to the increased demand for enhanced energy efficiency and faster automation systems in building management.
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Technavios analysts forecast the global building automation and control systems market to grow at a CAGR of 9.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global building automation and control systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of building automation and control systems.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Building Automation and Control Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Automated Logic
Honeywell
Johnson Controls International
Schneider Electric
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Other prominent vendors
ABB
Beckhoff Automation
Bosch Sicherheitssysteme GmbH
CONTROL4
DELTA CONTROLS
Distech Controls
Dwyer
Emerson Electric
Evon Technologies
Itron
Legrand
Lutron
Siemens
Market driver
Customization of automation and building control systems
For a full, detailed list, view our report
Market challenge
Lack of product differentiation
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Market trend
Increased reliance on wireless technologies
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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