According to the recent study the building automation system market is projected to grow at a CAGR of 9%-11% from 2020 to 2025. Growth in this market is primarily driven by growing demand for automated security systems in buildings and growth of wireless protocols and wireless sensor technology for building automation systems.
Browse XX figures /
charts and XX tables in this 150 -page report to understand trends,
opportunities and forecast in building automation system market by by
communication technology (wired technology [zigbee, enocean, Z–wave, Wi-Fi,
bluetooth, thread, and infrared] and wireless technology [digital addressable
lighting interface (DALI), KNX, lonworks, building automation and control
network (BACNET), and Zmodbus]), offering (facility management systems
[lighting controls and HVAC controls], security & access control systems
[video surveillance systems and biometric systems], fire protection systems
[sensors & detectors, fire sprinklers, fire alarms, and emergency lighting,
voice evacuation, and public alert devices], building energy management software,
BAS services, and others), application (residential, commercial [office
buildings, retail and public assembly buildings, hospitals and healthcare
facilities, airports and railway stations, and others], and industrial),
component (hardware, software, and services), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
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“Wireless technology market is expected to remain the largest
segment during the forecast period.”
Based on communication
technology, the building automation system market is segmented into wired
technology [zigbee, enocean, Z–wave, Wi-Fi, bluetooth, thread, and infrared],
and wireless technology [digital addressable lighting interface (DALI), KNX,
lonworks, building automation and control network (BACNET), and Zmodbus].
Lucintel forecasts that the wireless technology market is expected to remain
the largest segment over the forecast period due to growth of wireless sensor
network technology and wireless protocols for building automation system.
“Within the building automation system market, the commercial segment is expected to
remain the largest application.”
Based on application,
the commercial segment is expected to witness the largest segment by application
over the forecast period due to increasing deployment of BAS in large shopping
complexes, office buildings, and public transport areas.
“North America will dominate the building automation system market
in near future.”
North America is
expected to be the largest region over the forecast period due to growing
infrastructure that can accommodate to building automation solutions in the
residential and commercial applications.
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Major players of building
automation system market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Johnson Controls
International, Schneider Electric, Honeywell International, United Technologies
Corp., Siemens, Robert Bosch, Legrand, Hubbell, ABB, Ingersoll-Rand, Lutron
Electronics, Crestron Electronics, BuildingIQ, Hitachi, Ltd., Delta Controls,
Beckhoff Automation GmbH, Lennox International, General Electric are among the
major building automation system providers.
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competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/building-automation-system-market.aspx or helpdesk@lucintel.com
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Lucintel
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Email: brandon.fitzgerald@lucintel.com
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