Boston, MA -- (SBWIRE) -- 04/15/2016 -- Building Automation System Market by Product (HVAC Control Systems, Lighting Control Systems, Security & Access Control Systems, & Others), Application (Commercial, Residential, & Industrial), and by Geography (North America, Europe, Asia-Pacific, & RoW) - Global Forecasts to 2022

"The growing demand for energy efficient and enhanced security buildings would drive the building automation system market"

The building automation system market is expected to grow from USD 49.37 billion in 2015 to reach USD 100.60 billion by 2022, at a CAGR of 10.65% between 2016 and 2022. The growing concern for the conservation of energy coupled with the rising cost of energy is driving the demand for energy-efficient buildings. The building automation system not only helps to increase the energy efficiency of the building but also help to enhance the security and safety in buildings. This is driving the demand for building automation system.

"Commercial buildings sector to hold the largest share of the building automation system market"

Get More Details on this Report and a Full Table of Contents at Building Automation System Market - Global Forecasts to 2022

The commercial buildings application is expected to hold the largest share of the global building automation system market during the forecast period. The demand for energy conservation and reduction of the overall operating cost is the highest in this sector, which is one of the major driving factors for the growth of this market.

"The market in APAC is expected to grow at the highest rate"

The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The rapid growth of the construction industry in this region along with the government initiatives has contributed to the growth of the building automation system market in the APAC region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.

The break-up of profile of primary participants is given below:

-By Company Type: Tier 1 - 22 %, Tier 2 - 35%, and Tier 3 - 43%
-By Designation: C level - 29%, Director level - 37%, Others - 34%
-By Region: North America - 39%, Europe - 31%, APAC - 21%, RoW - 9%

The key players in the market include Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Johnson Controls Inc. (U.S.), Hubbell, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Legrand SA (France), Ingersoll Rand PLC (Ireland), ABB (Switzerland), and Robert Bosch GmbH (Germany) among others.

The report would help the market leaders/new entrants in this market in the following ways:

1. This report segments the building automation system market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.

2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

3. This report would help stakeholders to better understand the competitor and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product develpoments, partnerships, and mergers and acquisitions.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Computer Technology research reports at Fast Market Research

You may also be interested in these related reports:

-IoT Gateway Market - Global Forecast to 2022
-Smart Building Market - Global Forecast to 2020
-IoT Chip Market - Global Forecast to 2022
-Battery Energy Storage System Market - Global Forecast to 2022
-Home Energy Management System Market - Global Forecast to 2022