Overview Of Building Automation and Control Systems Industry 2020-2025:
This has brought along several changes in This report also covers the impact of COVID-19 on the global market.
Building automation is the automatic centralized control of a buildings heating, ventilation and air conditioning, lighting and other systems through a building management system or building automation system (BAS). The objectives of building automation are improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs, and improved life cycle of utilities.
Energy management needs and the growing emphasis on reducing utility costs, continue to drive the adoption of building automation systems. Majority of the large buildings today are equipped with these solutions in the developed parts of the world. Proactive measures taken by government organizations for the implementation of standards, such as ISO 50001 (energy-management-system standard) in the building sector, have the potential to stimulate the integration of building automation systems.
Building automation solutions are emerging as cost-effective tools for essentially all forms of buildings, regardless of energy costs, usage, or climatic conditions. The average net energy savings per installation (of these systems) is about 36% for space heating, water heating, and cooling/ventilation (HVAC), and 23% for lighting (as of 2018). The reduced energy consumption is also contributing toward climate change mitigation. Europes emission from fuel combustion is likely to witness a reduction of 9-14% by 2035(according to a report by European Union). This is further driving the growth in the market, due to the governments support and promotion for further uptake of smart grids, demand-side management, and on-site renewable energy production. Moreover, standards like ISO 50002 (energy-management-system standard) in the building sector are pushing the implementation, which has the potential to stimulate the integration of energy-saving control systems.
Owing to the rising environmental concerns, many organizations are adopting smart building networks to reduce the energy consumption and operational costs in commercial buildings, thus, favoring the market. Globally, it was also estimated that commercial building owners and managers are expected to invest USD 960 billion between 2018 and 2025 on making their existing infrastructure more eco-friendly (according to Smart Glass International). Furthermore, growth in business and emerging business opportunities in developing economies, such as Brazil, China, and India are driving the establishments of new infrastructure in developing nations. With many consumers opting for smart office systems for future proofing, the demand for BMSS is increasing. However, security concerns related to the safety of networks and devices is one of the factors restraining the adoption. Increasing security breaches and growing threats to organizations of cybercriminal organizations are creating cynicism.
The report offers detailed coverage of Building Automation and Control Systems industry and main market trends. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Building Automation and Control Systems by geography.
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The Top key vendors in Building Automation and Control Systems Market include are:-
Philips Lighting Holding
Bosch Security Systems
This research report categorizes the global Building Automation and Control Systems market by top players/brands, region, type and end user. This report also studies the global Building Automation and Control Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Region wise performance of the Building Automation and Control Systems industry
This report studies the global Building Automation and Control Systems market status and forecast, categorizes the global Cable Conduits market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
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The study objectives of this report are:
- Focuses on the key global Building Automation and Control Systems companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
- To project the value and sales volume of Building Automation and Control Systems submarkets, with respect to key regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To study and analyze the global Building Automation and Control Systems market size (value & volume) by company, key regions, products and end user, breakdown data from Last Five Years, and forecast to 2025.
- To understand the structure of Building Automation and Control Systems market by identifying its various sub segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Scope of the Report:-
The report scope combines a detailed research of Global Building Automation and Control Systems Market 2020 with the apprehension given in the advancement of the industry in certain regions.
The Top Companies Report is designed to contribute our buyers with a snapshot of the industry’s most influential players. Besides, information on the performance of different companies, profit, gross margin, strategic initiative and more are presented through various resources such as tables, charts, and info graphic.
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