Building Automation Market Research - Introduction
Building automation market is expected to witness high growth in the commercial applications during the forecast period from 2017-2025. Building automation system involves the automatic centralized control within a building that involves heating, ventilation and air conditioning or HVAC systems, humidity control and lighting systems among other electronic components present in the building. Building automation technology provides complete autonomous control within an entire facility. Different ranges of electronic devices are used for controlling the security, fire, lighting and ventilation systems that are present in a building as well as across several campuses. Use of this system also helps in maintaining a certain temperature range within rooms by monitoring occupancy schedule along with providing alarms in case of malfunctioning of devices. This building automation market has been segmented globally on the basis of technology, systems, application, and geography. Growing demand for personalized room climate system along with high security living has been some factors that have positively impacted the demand for this market globally.
|Base Year of Estimation||2016|
|Value Estimation Year||2017|
|Forecast Period||2017 - 2025|
|Market Segmentations||By technology, systems, application and geography|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America|
|Report Coverage||Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market|
|By Technology||Wired and wireless|
|By Systems||Fire protection services, facility management systems, BAS services and building energy management software among others|
|By Application||Residential, industrial and commercial|
|By Geography||North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America|
Commercial building automation systems involve communication through defined standards and interfaces that help in integrating through different choices such as heating, lights and blinds and safety among other features. Use of this technology provides an overall performance assessment of buildings that also includes designing, installation, and training along with the documentation of the building automation & control systems.
It is the lower utility costs that form a major driver for using building automation systems. Use of these automation & control systems saves the operating costs of the equipment along with providing measured comforts that allow maintenance of even temperatures, in turn, saving both costs and energy. This further allows reducing the maintenance costs along with providing simplified building operation that are some other important factors to positively impact the demand for this market globally. In addition to this, it is the improved security and reliability attribute that forms another benefit for using these systems.
The availability of real-time status updates with the help of wireless or cloud-based services acts as a major reason that impacts the demand for the building automation market.
Use of these systems further reduces the need for putting false alarms prioritizing critical events that helps customers at the time of emergency. Along with all these factors, it is also the availability of real time status updates with the help of wireless or cloud based services that further acts as another major reason that positively impacts the demand for the global building automation market. With all these drivers that have positively impacted the market and pushed its growth, there are also certain restraints that pose limitations for this market. One such factor being the huge costs associated with the implementation of these systems in buildings. Moreover, the up-gradation costs required for these systems is also quite further posing as another major limitation of these systems. In addition to this, it is the technological dependency for maintaining the proper functioning of these systems that also acts as another restraint for application of these systems. The stringent rules and regulations regarding energy efficient electrical and building solutions is likely to provide huge growth opportunities for the commercial building automation market in the coming years.
Security related problems are expected to drive the market for building automation systems globally with more people opting for efficient and environment friendly solutions that can be monitored in real time. The increasing level of monitoring for providing more access control is further expected to be another major factor for the growth of the building automation market globally. Commercial applications of these systems are expected to grow with applications of this technology across railways and airports that also in the up-gradation process of this system in future.
The global building automation system market on the basis of technology has been segmented into wired and wireless. On the basis of systems, this market globally has been segmented into fire protection services, facility management systems, BAS services and building energy management software among others. Residential, industrial and commercial form the various application areas for the building automation market. In 2016, there has been a high demand for centralized building services along with rising concern for more secured building services that has boosted the demand for this market.
By geography, the building automation market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. North America is expected to form the largest segment in terms of revenue whereas Asia Pacific is expected to witness the highest growth during the forecast period. After North America and Europe, Asia Pacific is expected to be the other major regions that is expected to contribute to the growth of this market globally.
Some of the major players that are operating in the global building automation market include Schneider Electric SE (France), ABB Ltd. (Switzerland), Johnson Controls International PLC (Ireland), Robert Bosch GmbH (Germany), Siemens AG (Germany), United Technologies Corp. (U.S.), Legrand SA (France), Ingersoll -Rand Plc (Ireland), Crestron Electronics, Inc. (U.S.) and Cisco (U.S.) among others. North America and Europe holds the major sharefor this market in 2016.Advancement in the building system along with automation in the security control has been some of the factors that have contributed to the growth of this market in these regions. As compared to Asia Pacific, Europe and North America, service provider’s concentration is low in Latin America and Middle East and Africa (MEA) where this market is expected to grow in the coming years.
There has been a rise in demand for secured commercial building systems that has helped in the growth of this market globally. Besides this, the energy efficient utilities associated with these systems have also led to its growth further expecting to boost the building automation market in the forecast period of 2017-2025.
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|KEY QUESTIONS ANSWERED BY THE REPORT|
|What will be the nature of growth of the market till 2025?|
|What are the major push factors that will affect the growth of the market?|
|What are the growth possibilities in different segments of the market?|
|Who are the leading market players?|
|What are the key strategies implemented by the market leaders to sustain growth in the market?|
|What are the major restraining factors for the market?|
|What are the ways to generate new revenue streams?|
|In-depth analysis of the competitive landscape and competitor behavior in the market|
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