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Building Automation System Market Estimated to Flourish by 2027 - Leading Players ABB, Crestron Electronics, Distech Controls, Hitachi, Ltd., Hubbell., Ingersoll-Rand, Johnson Controls. and Lennox

Press release   •   Apr 25, 2019 18:37 IST

Building Automation System Market

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

The Building Automation System Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

The building automation system helps to keep building climate within a specified range, light rooms based on an occupancy schedule, monitor performance and device failures in all systems and provide malfunction alarms. The systems reduce building energy and maintenance costs compared to a non-controlled building. A building controlled by this system is often referred to as an intelligent building or "smart building."

The building automation system market is heavily influenced by driving factors such as the increasing requirement for energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing building automation system in the existing buildings. 

However major restraints faced by companies in the building automation system market include the false notion about the installation cost and technical difficulties and a shortage of skilled experts.

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Top Leading Market Players:

1. ABB
2. Crestron Electronics, Inc.
3. Distech Controls Inc.
4. Hitachi, Ltd.
5. Hubbell.
6. Ingersoll-Rand plc,
7. Johnson Controls.
8. Lennox
9. Robert Bosch GmbH
10. Schneider Electric

Market Segmentation:

The global building automation system market is segmented on the basis of by offering, by application and by communication and technology. Based on offering type the market is segmented as facility management systems, HVAC control systems, security and access control systems, fire protection systems, building energy management software, AS services. On the basis of application the market is segmented residential, commercial and Industrial application. On the basis of communication and technology the market is segmented as wireless technologies and wired technologies.

Key Benefits-

  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Building Automation System Market
  • To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

Building Automation System Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

The Building Automation System Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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Reason to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Building Automation System Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Building Automation System, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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The Insight partners,

Phone: +1-646-491-9876
Email: sales@theinsightpartners.com

Website: http://www.theinsightpartners.com

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