Global Building Automation System Market to Expand at a CAGR of 11.1% Through 2026
Building automation systems are installed in commercial or residential buildings for controlling and maintaining some important services, which are air conditioning, ventilation, heating, safety & security, water supply, lift service, electricity regulation and many more. In a published report by Persistence Market Research (PMR), it is estimated that the global building automation system market is likely to witness an expansion at a CAGR of 11.1% along with a predicted revenue of US$ 141.1 Bn throughout the forecast period, (2016-2026).
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