Building Automation System Market - Forecasts from 2018 to 2023
Building Automation System market is expected to grow from US$62.869 billion in 2017 to US$108.413 billion in 2022, at a CAGR of 11.51% over the forecast period. This research study examines the Building Automation System market on the basis of various segments - by type, application, and geography. Major drivers, restraints, and opportunities have been mentioned to provide an exhaustive picture of the market. Furthermore, the current market trends related to the demand, supply, and sales, in addition to the recent developments, have been provided in this report. The report also analyzes key players in the Building Automation System market. The report provides comprehensive forecast up to the period 2022 for various key segments, with 2016 as base year.
The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical segments. Moreover, the research study analyzes the overall regulatory framework of Building Automation System market, offering stakeholders a better understanding of the key factors affecting the overall market environment.
The first step towards determining the Building Automation System market size involves identifying key players and the revenue contribution of the overall business or relevant segment aligned to the study in consideration through extensive secondary research. This also includes various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others. Both bottom-up and top down approaches are utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Building Automation System value chain, who are C-Level Executives, Directors, and Managers among others across key enterprises operating as manufacturers, suppliers, and distributors. The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the gathered data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Segments covered under the Building Automation System market report are as below:
BEM (Building Energy Management) system
SAC (Security and Access Control) system
HVAC (Heating, Ventilation, and Air Conditioning) System
Europe Middle East and Africa
Middle East and Africa
Key industry players profiled as part of this section are ABB, Honeywell International Inc., Johnson Controls, Siemens AG, Automated Logic, Schneider Electric, and Hubbell Incorporated