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Global Building Automation System Market Forecast Report to 2027: Rapid Penetration of IoT in Building Automation Systems - ResearchAndMarkets.com

·4-min read

DUBLIN, May 24, 2022--(BUSINESS WIRE)--The "Building Automation System Market Research Report by Communication Technology (Wired Technology and Wireless Technology), Offering, Application, Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Global Building Automation System Market size was estimated at USD 9,821.23 million in 2021 and expected to reach USD 11,694.15 million in 2022. The market is projected to grow at a CAGR 19.32% to reach USD 28,350.09 million by 2027.

The report categorizes the Building Automation System to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Communication Technology, the market was studied across Wired Technology and Wireless Technology.

  • Based on Offering, the market was studied across BAS Services, Building Energy Management Software, Facility Management Systems, Fire Protection Systems, and Security & Access Controls.

  • Based on Application, the market was studied across Airports & Railway Stations, Commercial, Hospitals & Healthcare Facilities, Industrial, Office Buildings, Residential, and Retail & Public Assembly Buildings.

  • Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa.

Cumulative Impact of 2022 Russia Ukraine Conflict:

The publisher continuously monitors and updates reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia. The report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Building Automation System market considering the current update on the conflict and its global response.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Market Dynamics

  • Drivers

    • Increasing focus for establishing energy-efficient and eco-friendly buildings

    • Rising adoption of automated security systems in buildings

    • Rapid penetration of IoT in building automation systems

  • Restraints

    • False notion about high installation costs of building automation systems

  • Opportunities

    • Advancements in building technologies and automation with data analytics

    • Development of wireless protocols and wireless sensor network technology for building automation systems

    • Rise in government and stakeholder funding for developing smart cities

  • Challenges

    • Presence of different communication protocols

The report provides insights on the following:

  • Market Penetration: Provides comprehensive information on the market offered by the key players

  • Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

  • Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

  • Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

  • Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

6. Building Automation System Market, by Communication Technology

6.1. Introduction

6.2. Wired Technology

6.3. Wireless Technology

7. Building Automation System Market, by Offering

7.1. Introduction

7.2. BAS Services

7.3. Building Energy Management Software

7.4. Facility Management Systems

7.5. Fire Protection Systems

7.6. Security & Access Controls

8. Building Automation System Market, by Application

8.1. Introduction

8.2. Airports & Railway Stations

8.3. Commercial

8.4. Hospitals & Healthcare Facilities

8.5. Industrial

8.6. Office Buildings

8.7. Residential

8.8. Retail & Public Assembly Buildings

9. Americas Building Automation System Market

10. Asia-Pacific Building Automation System Market

11. Europe, Middle East & Africa Building Automation System Market

12. Competitive Landscape

13. Company Profiles

  • ABB

  • BuildingIQ

  • Carel Industries S.p.A.

  • Carrier

  • Cisco Systems

  • Crestron Electronics

  • General Electric

  • Google Nest

  • Honeywell International

  • Hubbell.

  • Ingersoll Rand

  • Johnson & Johnson

  • KMC Controls.

  • Koninklijke Philips N.V.

  • Larsen & Toubro

  • Legrand

  • Lennox International

  • Lutron Electronics Co., Inc

  • Mitsubishi Electric

  • Raytheon Technologies

  • Rheem Manufacturing

  • Robert Bosch GmbH

  • Schneider Electric

  • Siemens AG

For more information about this report visit https://www.researchandmarkets.com/r/dfanwq

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005707/en/

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