PUNE, India, March 29, 2016 /PRNewswire/ --
The building automation system market is set to reach USD 100.60 billion by 2022 soaring at a CAGR of 10.65% between 2016 and 2022 led by commercial buildings sector holding the largest share of the BAS market.
Complete report on global building automation system market spread across 162 pages, profiling 10 companies and supported with 70 tables and 66 figures is now available at http://www.reportsnreports.com/reports/219401-global-building-automation-controls-market-2013-2018-by-product-lighting-security-access-hvac-entertainment-outdoor-elevator-controls-building-management-systems-bms-application-geography-americas-europe-apac-row-.html.
The growing concern for the conservation of energy coupled with the rising cost of energy is driving the demand for energy-efficient buildings. The building automation system not only helps to increase the energy efficiency of the building but also help to enhance the security and safety in buildings. This is driving the demand for building automation system.
The commercial buildings application is expected to hold the largest share of the global building automation system market during the forecast period. The demand for energy conservation and reduction of the overall operating cost is the highest in this sector, which is one of the major driving factors for the growth of this market.
The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The rapid growth of the construction industry in this region along with the government initiatives has contributed to the growth of the building automation system market in the APAC region.
The key players in the market include Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Johnson Controls Inc. (U.S.), Hubbell, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Legrand SA (France), Ingersoll Rand PLC (Ireland), ABB (Switzerland), and Robert Bosch GmbH (Germany) among others. Order a copy of Building Automation System Market by Product (HVAC Control Systems, Lighting Control Systems, Security & Access Control Systems, & Others), Application (Commercial, Residential, & Industrial), and by Geography (North America, Europe, Asia-Pacific, & RoW) - Global Forecasts to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=219401.
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (22%), Tier 2 (35%) and Tier 3 (43%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (29%), Director Level (37%) and others (34%) from various key organizations operating in the global building automation system market. The primary interviews were conducted worldwide covering regions such as North America (39%), Europe (31%), APAC (21%) and Row - (9%)
On a related note, another research on Smart Building Market Global Forecast to 2020 says, the smart building market is expected to grow from $7,260.0 million in 2015 to $36,398.7 million by 2020, at a Compound Annual Growth Rate (CAGR) of 38.0% from 2015 to 2020. The report helps in understanding the overall growth of the market and provides information on key market drivers, restraints, challenges, and opportunities. Companies like ABB, Cisco, Delta controls, Schneider Electric, Siemens, General electric, IBM, Accenture, Johnson Controls, and Honeywell have been profiled in this 173 pages research report available at http://www.reportsnreports.com/reports/267717-smart-building-market-building-automation-systems-physical-security-building-energy-management-systems-bems-building-communication-systems-parking-management-water-management-networking-worldwide-market-forecasts-and-analysis-2013-2018-.html.
Explore more reports on the semiconductor and electronics market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/.
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