Building Automation and Control Systems Market Forecasts to 2028 – Global Analysis By Product (Building Management Software, Environmental Control), Application (Commercial, Government) and By Geography
According to Stratistics MRC, the Global Building Automation and Control Systems Market is accounted for $115.26 billion in 2020 and is expected to reach $308.58 billion by 2028 growing at a CAGR of 13.1% during the forecast period. Increasing demand for intelligent buildings, rising emphasis on reducing utility costs and growing security concerns for buildings, growing concerns regarding greenhouse gas emissions and increasing electricity demand supply gap are major factors driving the growth of the market. However, faulty connections and loss of connection with the BAS are hampering the market.
Building Automation and Control System (BACS) refers to centralized systems that monitor, control, and verification the functions of building services systems. There is growing go beyond between the concepts of BACS and the need to learn from the accumulated data to operate buildings more efficiently. Increasingly this includes technologies such as the internet of things to become smart buildings
By type, building management software (BMS) segment is experiencing considerable market growth, as it is a computer-based control system installed in buildings that controls and monitors the building's automatic and electrical tools such as freshening, lighting, power systems, fire systems, and safety systems. Based on the geography, Asia Pacific is dominating the market during the forecast period, due to the growth in emerging businesses in developing countries such as China, and India with many clients opting for smart office systems.
Some of the key players profiled in the Building Automation and Control Systems Market include Abb, Ltd., Beijer Electronics, Control4, Distech Controls, Dwyer, Emerson Electric, Evon Technologies, General Electric, Honeywell International Inc., Itron, Johnson Controls, Legrand, Lutron Electronics Co., Inc, Schneider Electric, Siemens Ag.
• Electronic Security and Safety
• Energy Management Systems
• Fire and Life Safety
• Heating, Ventilation & Air Conditioning (HVAC)
• Building Management Software
• Environmental Control
• Lighting Management
Communication Technologies Covered:
• Information Technology Enabled Services (IT/ITEs)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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