2020 Building Automation System Market, Size, Share, Outlook and Growth Opportunities -2026
- ID:OGA1903MVEN612
- Published: June-2020
- Pages:140
- OG Analysis
Global Building Automation System Market Size, share, Outlook and Growth Opportunities to 2026: By Offering (Security and Access Control Systems, Fire Protection Systems, Building Energy Management Software, Facility Management Systems, HVAC Control Systems, BAS Services and Others), By Application (Commercial, Residential and Industrial Applications) and By Region
Global Building Automation System market is poised to report 10.68% year-on-year growth in 2020. The growth is driven by favourable government initiatives supporting the acceptance of building automation system in various sectors and growing awareness about energy conservation.
The COVID-19 pandemic had a negative impact on the market size for the year 2020, with small and medium scale companies struggling to sustain their businesses in the near term future. We anticipate around 2% to 3% deviation in growth (CAGR) outlook due to the corona virus spread. The Building Automation System market growth has become variable by region with some countries offering huge growth potential while others face closures and low profit margins.
Furthermore, the increasing adoption of building automation system in buildings and robust penetration of IoT in building automation systems are the major factors boosting the growth of market.
Development of wireless sensor network technology and wireless protocols for building automation system by the major market players will offer future growth opportunities and enhance the market demand.
Highly developed infrastructure in emerged and emerging nations is also augmenting the growth of global building automation system market. However, lack of skilled experts and presence of different communication protocols are restraining the market growth.
Increasing popularity for security and access control systems
Requirement for increased level of security and access control has led to the high demand for security and access control systems. Technological advancements, need for medical assistance to the senior citizens at home and increase in crime rates are augmenting the demand for home security solutions at a rapid pace. In addition, the global building automation system market is segmented into fire protection systems, building energy management software, facility management systems, HVAC control systems, BAS services and others.
Commercial remains as the largest application segment
Commercial application segment occupies significant growth in the market owing to the enhanced rate of implementation of building automation system in office buildings, large shopping complexes, and transport areas. The demand for building automation system in commercial application is projected to grow further during the forecast period 2020-2026. Further, the global building automation system market is segmented into residential and industrial applications.
Asia Pacific building automation system market occupies major market share
The report analyses the global building automation system market for countries across North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa. Of these regions, Asia Pacific market is anticipated to grow at a higher CAGR rate during the projected period 2020-2026 owing to high economic growth witnessed by the key countries in this region. Furthermore, increasing growth of construction sector coupled with government initiatives are fueling the growth Asia Pacific building automation system market.
Key participants in the global building automation system market
ABB (Switzerland), Honeywell International (United States), Hubbell (United States), Ingersoll-Rand (Ireland), Johnson Controls International (Ireland), Legrand (France), Robert Bosch (Germany), Schneider Electric (France), Siemens AG (Germany), and United Technologies Corp. (United States).
Scope:
Long term perspective on the Building Automation System industry: 2019 (base year), 2020- 2026 (forecast period)
Building Automation System Market- Forecasts by Segments- Offering and Application by geography.
- The research work categorizes the market based on offering into 7 categories including security and access control systems, fire protection systems, building energy management software, facility management systems, HVAC control systems, BAS services and others.
- The report provides the global building automation system market outlook by 3 applications that includes commercial, residential and industrial applications.
- Building automation system market across countries in 5 regions including North America, Europe, Asia-Pacific, South America and Middle East & Africa are covered.
Building Automation System Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Building Automation System Market- Growth Opportunities
- Potential New Business Opportunities
- Key Areas of Focus in forecast period
Building Automation System Market- Competitive Scenario
- 10 companies are analysed in the report including ABB, Honeywell International, Hubbell, Ingersoll-Rand, Johnson Controls International, Legrand, Robert Bosch, Schneider Electric, Siemens AG, and United Technologies Corp.
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Building Automation System Market
2.1 Global Building Automation System Market Snapshot, 2019
2.2 Building Automation System Industry Overview
2.3 Research Perspective
3. Global Building Automation System Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Building Automation System Market
3.2 Leading Building Automation System Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Building Automation System
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Building Automation System Market Outlook and Growth Opportunities by Offering
4.1 Security and Access Control Systems Market Outlook, 2020- 2026
4.2 Fire Protection Systems Market Outlook, 2020- 2026
4.3 Building Energy Management Software Market Outlook, 2020- 2026
4.4 Facility Management Systems Market Outlook, 2020- 2026
4.5 HVAC Control Systems Market Outlook, 2020- 2026
4.6 BAS Services Market Outlook, 2020- 2026
4.7 Other Offerings of Building Automation System Market Outlook, 2020- 2026
5. Global Building Automation System Market Outlook and Growth Opportunities by Application
5.1 Building Automation System Demand in Commercial Application, Market Outlook, 2020- 2026
5.2 Building Automation System Demand in Residential Application, Market Outlook, 2020- 2026
5.3 Building Automation System Demand in Industrial Application, Market Outlook, 2020- 2026
6. Asia Pacific Building Automation System Market Outlook and Growth Opportunities
6.1 Key Findings, 2019
6.2 Asia Pacific Building Automation System Market Outlook by Offering, 2020- 2026
6.3 Asia Pacific Building Automation System Market Outlook by Application, 2020- 2026
6.4 Asia Pacific Building Automation System Market Outlook by Country, 2020- 2026
7. Europe Building Automation System Market Outlook and Growth Opportunities
7.1 Key Findings, 2019
7.2 Europe Building Automation System Market Outlook by Offering, 2020- 2026
7.3 Europe Building Automation System Market Outlook by Application, 2020- 2026
7.4 Europe Building Automation System Market Outlook by Country, 2020- 2026
8. North America Building Automation System Market Outlook and Growth Opportunities
8.1 Key Findings, 2019
8.2 North America Building Automation System Market Outlook by Offering, 2020- 2026
8.3 North America Building Automation System Market Outlook by Application, 2020- 2026
8.4 North America Building Automation System Market Outlook by Country, 2020- 2026
9. South & Central America Building Automation System Market Outlook and Growth Opportunities
9.1 Key Findings, 2019
9.2 South & Central America Building Automation System Market Outlook by Offering, 2020- 2026
9.3 South & Central America Building Automation System Market Outlook by Application, 2020- 2026
9.4 South & Central America Building Automation System Market Outlook by Country, 2020- 2026
10. Middle East & Africa Building Automation System Market Outlook and Growth Opportunities
10.1 Key Findings, 2019
10.2 Middle East & Africa Building Automation System Market Outlook by Offering, 2020- 2026
10.3 Middle East & Africa Building Automation System Market Outlook by Application, 2020- 2026
10.4 Middle East & Africa Building Automation System Market Outlook by Country, 2020- 2026
11. Competitive Landscape
11.1 Leading Players (Company Profile, SWOT Analysis, Building Automation System Products, Financial Analysis)
11.1.1 ABB
11.1.2 Honeywell International
11.1.3 Hubbell
11.1.4 Ingersoll-Rand
11.1.5 Johnson Controls International
11.1.6 Legrand
11.1.7 Robert Bosch
11.1.8 Schneider Electric
11.1.9 Siemens AG
11.1.10 United Technologies Corp.
11.2 Company Benchmarking
11.3 Financial Analysis
12. Recent News and Deals Landscape
12.1 Mergers and Acquisitions
12.2 New Product Launches
12.3 Asset Transactions
12.4 Financial Announcements
13 Appendix
13.1 OGAnalysis Expertise
13.2 Sources and Research Methodology
13.3 Contact Information
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