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Building Automation System Market Worth USD 99.11 Billion by 2022


News provided by

MarketsandMarkets

09 Mar, 2017, 15:30 GMT

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PUNE, India, March 9, 2017 /PRNewswire/ --

According to the new market research report "Building Automation System Market - by Communication Technology (Wired, and Wireless), Offering (Facilities Management Systems, Security & Access Control Systems, and Fire Protection Systems), Application, and Region - Global Forecast To 2022", published by MarketsandMarkets, the overall BAS market was valued at USD 53.66 Billion in 2016 and is expected to reach USD 99.11 Billion by 2022, at a CAGR of 10.73% between 2017 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 78 market data Tables and 67 Figures spread through 199 Pages and in-depth TOC on " Building Automation System Market"

http://www.marketsandmarkets.com/Market-Reports/building-automation-control-systems-market-408.html

Early buyers will receive 10% customization on this report.

The growth of this market is driven by the increase in demand for energy-efficient systems, growing need for the automation of security systems in buildings, and advancement of IoT in BAS.

"Security and access control systems expected to hold the largest size of the market during the forecast period" 

The security and access control systems is expected to hold the largest size of the BAS market during the forecast period. The need for increased level of security, activity monitoring, and access control has led to the rise in the demand for security and access control systems. The demand for home security solutions is also growing at a rapid pace because of various factors such as technological advancements, rise in crime rates, need for medical assistance to the senior citizens at home, and monitoring the children at home.

"Commercial application expected to hold the largest size of the BAS market between 2017 and 2022" 

The commercial application held the largest size of the BAS market in 2016 and the trend is expected to continue during the forecast period. The increased rate of implementation of BAS in large shopping complexes, office buildings, and public transport areas such as airports and railway stations is encouraging the growth of the BAS market for commercial application. HVAC, lighting, and security and access control systems are the major products used in the market for commercial application.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=408

"BAS market in APAC expected to grow at the highest rate during the forecast period" 

APAC is expected to be the fastest-growing market for BAS systems. The market in this region has been further segmented into India, China, Japan, and Rest of APAC. The expected growth is attributed to the high economic growth witnessed by the major countries in this region. The rapid growth of the construction industry in this region, in addition to the government initiatives, has contributed to the growth of the BAS market in APAC.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=408

The major companies in the BAS ecosystem include Honeywell International Inc. (U.S.), Siemens AG (Germany), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), United Technologies Corp. (U.S.), Robert Bosch GmbH (Germany), Legrand SA (France), Hubbell Inc. (U.S.), ABB Ltd. (Switzerland), Ingersoll-Rand Plc (Ireland), Lutron Electronics Co., Inc. (U.S.), Crestron Electronics, Inc. (U.S.), and BuildingIQ (U.S.), among others.


Browse Related Reports 

Smart Home Market by Product (Lighting Control (Timer, Daylight Sensor, Occupancy Sensor), Security & Access Control, HVAC, Entertainment, Home Healthcare and Smart Kitchen), Software & Service (Behavioral, Proactive), and Geography - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/smart-homes-and-assisted-living-advanced-technologie-and-global-market-121.html

Home Automation System Market by Product (Lighting Control (Switch, Occupancy Sensor), Security & Access Control, HVAC Control (Pump & Fan, Control Valve), Entertainment & Other Controls), Software & Service & Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/home-automation-control-systems-market-469.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Contact:
Mr. Rohan
MarketsandMarkets
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Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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