Published Date : May 15, 2017
ALBANY, New York, May 15, 2017 - MarketResearchReports.biz has released data on the addition of a new research report to its vast collection on the global construction industry. “Global Building Automation And Control Systems Market 2017-2021” is an all-inclusive report on the solutions that are installed in buildings that are aimed at improving the efficiency of operation while simultaneously lowering the overall energy consumption of a structure. Building and automation control systems are able to perform these functions for safety and access systems, HVAC, and building lighting systems as well, and can be installed in public buildings, government buildings, residential and commercial structures.
According to the research report, the global building automation and control systems market is expected to expand at a CAGR of 9.52% within a forecast period from 2017 to 2021. Commercial buildings have so far been the leading end users of the market, followed by government and residential structures. The leading driver for the global building automation and control systems market at the moment is the increasing customization of automation and building control systems. The report further mentions that the commercial segment is expected to continue being a high level end user for the global building automation and control systems market over the coming years, thanks to its increasing demand for improvements in speed as well as efficiency in building management systems.
However, the global building automation and control systems market is currently being restrained by factors such as a lack of product differentiation, which makes it tough for players to expand their profiles. A lot of the players in the global building automation and control systems market are following the market trend of increasing their dependence on the growing number of wireless technologies being made available.
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To cover the current scenario of the global building automation and control systems market, the report takes into consideration factors such as the revenue generation from the sales of control systems for building automation. This allows the readers to gage the size of the market for the coming years, as shown in the report.
The regional assessment of the global building automation and control systems market involves a segmented approach. The market is divided into three key regions of the Americas, Asia Pacific, and Europe and the MEA.
The leading players in the global building automation and control systems market so far, have included Automated Logic, Honeywell, Johnson Controls International, and Schneider Electric. The report describes these players with a high level of attention to detail, while also mentioning key aspects on the prominent players in the market, including ABB, Beckhoff Automation, Bosch Sicherheitssysteme GmbH, CONTROL4, DELTA CONTROLS, Distech Controls, Dwyer, Emerson Electric, Evon Technologies, Itron, Legrand, Lutron, and Siemens.
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