This market study report outlines the global building automation control systems market with market shares and growth forecast until 2019. Research report provides segmentation of the market according to residential buildings, commercial buildings, and government buildings. Market shares for Americas, EMEA, and APAC are also included in the report. The leading vendors in the market include Schneider, Honeywell, Johnson Controls, and ALC.
Technavio analyst predict the global building automation and control systems market to grow at a CAGR of more than 9% from 2015 to 2019, owing to increasing demand for the energy-efficient buildings. Building automation makes process of refurbishing and upgrading existing equipment and systems, cost effective and fast.
APAC is the fastest growing region of global building automation and control systems market, and is expected to generate more than US $19 billion by 2019. Increase in infrastructure developments, industrial constructions and growing foreign investments from oil and gas, industrial parks, and housing in the region will boost the market during the forecast period.
Building automation and control system in APAC
Source: Technavio Research
The market is categorized by the level of automation involved in the different end-user segments such as such as Stage I, Stage II, Stage III, and Stage IV. In terms of end-users, residential buildings is expected to reach over US $12 billion by 2019, due to increased awareness of energy and operational efficiency. Meanwhile, global building automation and control systems in commercial buildings is expected to rise considering increase in the number of commercial projects in APAC and Americas region.
“Building automation and control systems monitor the energy usage, productivity and the security and access control of the buildings. It plays a key role in improving the level of energy efficiency in building structures by saving operating cost. Automation systems help reduce CO2 gas emission by providing energy integration solutions such as Honeywell’s BAS R’enwl, says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research.
The key players in the global building automation and control systems are Schneider, Honeywell, Johnson Controls and ALC. High competition characterizes the vendor landscape of the market. Many local market vendors are providing highly customized, and reliable building automation systems at a low cost compared to the international vendors.
A more detailed analysis is available in the Technavio report, Global Building Automation and Control Systems Market 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cu%3E%3Cstrong%3EWe%20can%20customize%…
