DUBLIN, Apr 3, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Building Automation market - By Communication Technology, Offerings, Application, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.
The building automation system market is set to grow at a CAGR of 10.65% between 2016-2022 to reach USD 100.60 billion by 2022. In 2016, it is valued at $54.81 billion. Commercial buildings sector holds major share in building automation system market.
A building with BAS installation is usually called as Smart Building or Intelligent Building.BAS uses analog and digital inputs and outputs. Analog inputs are used to read variable measurement whereas a digital input is used to determine if a device is turned on or off. Analog outputs are used to control automated system devices speed whereas digital outputs are used to open and close relays and switches.
North America currently holds major share in global building automation system followed by Europe and Asia Pacific. APAC is expected to show rapid growth rate due to increasing construction of buildings coupled with government initiatives.
Growing demand for comfort, customization, maintenance, support, reliability, safety, security, high energy efficiency, growing innovations in the wireless communication technologies and advances in Internet of Things(IoT) are boosting the growth of building automation system market globally. High implementation cost, macroeconomic slowdown and lack of legislative support are some of the constraints restraining growth in this industry.
There is an increased adoption of wireless building automation and control system due to growing demand for comfort, security and improving living standards.
Key Players in building automation 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), ABB and Bosch Security System.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
4. Global Building Automation market Segmentation, Forecasts and Trends - by Revenue
5. By Communication Technology
6. By Offerings
7. By Application
8. By Region
9. Vendor Market Share Analysis
10. Company Profiles
11. Industry Structure
- ABB Ltd.
- Crestron Electronics, Inc.
- Honeywell International Inc.
- Hubbell Inc
- Ingersoll-Rand PLC
- Johnson Controls International PLC
- Legrand Sa
- Lutron Electronics Co., Inc.
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
- United Technologies Corp
For more information about this report visit http://www.researchandmarkets.com/research/xglgcl/global_building
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SOURCE Research and Markets