Building automation systems provide automatic control of indoor environmental conditions such as heating, ventilation, and air-conditioning systems in large functional buildings. Efficient building management is the next-generation platform in terms of overall efficiency and scalable operations of a building. Building automation and control can integrate all disciplines of a buildingfrom building automation to fire safety and security. The global building automation and control market is expected to grow at a CAGR of 11.7% from 2017 to 2025.
Portland, OR -- (SBWIRE) -- 12/15/2017 -- Building automation systems provide automatic control of indoor environmental conditions such as heating, ventilation, and air-conditioning systems in large functional buildings. Efficient building management is the next-generation platform in terms of overall efficiency and scalable operations of a building. Building automation and control can integrate all disciplines of a buildingfrom building automation to fire safety and security. The global building automation and control market is expected to grow at a CAGR of 11.7% from 2017 to 2025.
Building automation & control is interpreted as a centralized automatic control of infrastructure air conditioning, heating, lighting, and other solutions. The entire process is carried out by use of building automation systems. The aim of these systems is to enhance an occupants comfort, reduce energy consumption as well as operating costs. Furthermore, these systems ensure efficient operation and provide a real-time status information.
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Based on type, the market comprises institutional, residential, and commercial. Residential building automation and control led the market in 2015. The market is categorized based on application into HVAC control, lighting control, security & access control, and others. Geographically it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
Stringent policies and regulations imposed by government bodies to supplement the increasing cost-saving demand of building owners have fueled the market growth.
Growth in awareness about new wireless technologies is expected to boost the industry growth in the future.
Restraints:
High initial investment cost is currently the major restraint of the market.
Market Players:
The top players in the global building automation and control market include Honeywell International Inc., Siemens AG, Johnson Controls, Inc., Robert Bosch GmbH, ABB, and others.
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MARKET LANDSCAPE
By Type
Institutional
Residential
Commercial
By Application
HVAC Control
Lighting Control
Security & Access Control
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA