Global Building Automation Systems Market To Be Driven By The Growing Awareness



The global building automation systems market is estimated to occupy a large amount of revenue by recording a CAGR of ~11% during the forecast period, i.e., 2022 – 2030, owing to the growing need for proper energy management across the globe, and increasing emphasis on overcoming utility costs. 

Apart from these, rising technological developments in wireless connectivity networks, and surge in the number of government and private projects regarding building automation are also expected to drive market growth in the upcoming years.

The market is segmented by component, offering and application. Based on offering, the security and access controls segment is predicted to gather the largest share during the forecast period on the back of their ability to increase security level, monitor activities, and keep a record of people entering and exiting buildings.

Additionally, by application, the industrial segment is projected to observe the highest growth over the forecast period ascribing to the rising adoption of smart building solutions to achieve energy optimization worldwide.

Geographically, the global building automation systems market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the ongoing technological advancements, and strong presence of market players in the region. 

Moreover, Asia Pacific is predicted to register noteworthy market growth over the forecast period in view of the increasing industrial and construction activities, and high economic growth in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Need for Proper Energy Management Globally to Drive Market Growth

Over the last few years, governmental and non-governmental organizations are emphasizing on adoption of sustainable means of energy management as a result of growing depletion of natural sources. This is giving rise to the increase in establishment of automation systems in buildings, which in turn is projected to drive market growth in the near future.

However, false notion about high installation costs of building automation systems is expected to operate as key restraint to the growth of the global building automation systems market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global building automation systems market which includes company profiling of Schneider Electric, Siemens AG, United Technologies Corp., Honeywell International, Inc., Johnson Controls International, ABB Ltd., Hubbell Inc., Ingersoll-Rand PLC, Mitsubishi Electric Corporation, Robert Bosch GmbH, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. 

On the whole, the report depicts detailed overview of the global building automation systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.      

Download/Request Sample Copy of Strategic Report:

https://www.researchnester.com/sample-request-3697

Comments

Post a Comment

Popular posts from this blog

Global Artificial Intelligence in Agriculture Market Will Grow Rapidly Over Forecast By 2030

Image
The global artificial intelligence in agriculture market is estimated to occupy a sizeable revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the escalating growing use of smart sensors in agricultural fields, and high demand for agricultural produce globally. The World Bank stated that in 2018 agriculture accounted for 4 percent of the global gross domestic product. In some developing countries it was also calculated to account for more than 25 percent of the GDP share .  Apart from these, government initiatives regarding research and development of sophisticated diagnostic techniques and growing inclusion of rubella vaccination in national health programs of various countries are also expected to drive market growth in the coming years. The global artificial intelligence in agriculture market is segmented by technology, deployment, offering and application. Based on technology, the machine learning segment is anticipated to grab the lar...
Read more

Global Gas Separation Membranes Market Growth to Gain Traction by a CAGR of ~6% throughout 2022 – 2030

Image
The global gas separation membranes market is estimated to occupy a sizeable revenue by growing at a CAGR of ~6% during the forecast period, i.e., 2022 – 2030, owing to the escalating demand for membranes in carbon dioxide separation processes, and high cost-effectiveness of this technology. Apart from these, growing demand for biogas worldwide and spiraling concerns associated with global warming are also expected to drive market growth in the coming years. The global gas separation membranes market is segmented by material type and application. Based on material type, the polyimide & polyaramide segment is anticipated to grab the largest market share during the forecast period on the back of superior permeability, selectivity, mechanical strength and high chemical stability of the material. Additionally, on the basis of application, the carbon dioxide removal segment is projected to occupy the most significant share over the forecast period attributing to the surge in demand for...
Read more

Global Pigment Dispersion Market Is Expected To Flourish At a Significant CAGR Of 3.93%

Image
A report titled “ Global Pigment Dispersion  Market ” had been recently released by Research Nester, which focuses on the latest market trends, opportunities, and the growth factors that are expected to drive the growth of the market during the forecast period of 2021-2030.  The report also includes detailed insights of the key players who are operating in the market along with the different market growth strategies adopted by them. Backed by the growing trade on goods and services, such as construction services, the demand for paints and coatings around the world has increased significantly. For instance, according to the statistics by the American Coatings Association, in the year 2019, product shipments by the paint and coatings producers in the United States totaled USD 26.4 Billion. Further, the statistics also stated that in the same year, around 51000 establishments dealing with paint and coatings were present in the country. On the other hand, with the growing urban po...
Read more