Building Automation System Market is Expected to Register Highest CAGR of ~8% During the Forecast Period 2019 - 2029 - PowerPoint PPT Presentation

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Building Automation System Market is Expected to Register Highest CAGR of ~8% During the Forecast Period 2019 - 2029

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The global building automation system market grew 7% in 2018 to total ~ US$ 35 Bn, registering an upward spiral from ~ US$ 33 Bn in 2017, according to the new research study by Future Market Insights (FMI). Schneider Electric SE, ABB, Siemens AG, Johnson Controls Inc., and Honeywell International Inc. remain the top 5 players in the building automation market, commanding nearly 40% of the global market share. The FMI analyst is of the opinion that growing investments in smart buildings is one of the key shapers estimate to mould the growth of building automation system market in 2019 and beyond. – PowerPoint PPT presentation

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Title: Building Automation System Market is Expected to Register Highest CAGR of ~8% During the Forecast Period 2019 - 2029


1
Building Automation Systems Market
  • February 2020

Report Id REP-GB-2150 Published On
August-2019 Category Industrial Automation and
Equipment
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
PMR delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • Key industry experts
  • Channel study
  • Developments
  • Market dynamics
  • Products
  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
Building Automation Systems Market Analysis
  • VALLEY COTTAGE, New York, Aug. 14, 2019
    /PRNewswire/ -- The global building automation
    system market grew 7 in 2018 to total US 35
    Bn, registering an upward spiral from US 33 Bn
    in 2017, according to the new research study by
    Future Market Insights (FMI). Schneider Electric
    SE, ABB, Siemens AG, Johnson Controls Inc., and
    Honeywell International Inc. remain the top 5
    players in the building automation market,
    commanding nearly 40 of the global market share.
  • The FMI analyst is of the opinion that growing
    investments in smart buildings is one of the key
    shapers estimate to mould the growth of building
    automation system market in 2019 and beyond.
  • Despite of having a robust sphere of influence,
    leading players in the building automation system
    market will continue to face competition threats
    from new vendors entering the scenario with newer
    promises.
  • According to the analyst, the likes of Apple and
    Google NEST are entering into the building
    automation space and upending the market
    structure, which, in turn is hard-pressing the
    established players to come up with new strategy
    models. These new vendors are focusing on
    residential spaces and addressing special
    requirements coming from them, which, in turn, is
    enabling these companies to tap into niche
    corners and reap sizeable profits throughout.
    These particulars signal that manufacturers don't
    have to stick to their conventional ideologies to
    sustain growth, they can go beyond core
    competencies and catch up with some new market
    trends instead, finds FMI.
  • In 2018, end users increasingly adopted building
    automation services over hardware and software,
    and 2019 is also expected to see a similar
    pattern of choice.

5
Building Automation Systems Market Analysis
  • This inclination is primarily conditioned by
    attractive packages offered by the service
    providers along with satisfactory pre-sales and
    post-sales customer assistance, starting from
    installation to maintenance. However, a
    significant portion of end users will continue to
    lean toward building automation software, with
    global value estimated to reach US 10.5 Bn in
    2019.
  • Market Players to Eye Massive Opportunities in
    East Asia
  • FMI forecasts that adoption of building
    automation systems in commercial applications
    will grow by 8 YOY in 2019, representing 64
    of the total revenue in that year. Commercial
    structures such as offices, schools, hospitals,
    and others, stay at the forefront of demand for a
    centralized control system that offers
    hassle-free operations. This, in turn, is a key
    factor pushing the adoption of building
    automation systems in the commercial spaces,
    states the FMI analyst.
  • Europe (32) and North America (30) retained
    their lead as the largest markets for building
    automation systems in 2018, and this status quo
    is remain the same in 2019 and beyond. When it
    comes to technological revolutions, developed
    markets stand firm as trailblazers and often lay
    down new paths for developing markets to follow
    suit. In similar lines, North America and Europe
    will continue to be the most attractive regions
    for the building automation system market players
    to make investments in, finds the FMI analysis.
  • However, East Asia is likely to emerge as the new
    gold mine of opportunities, with growth primarily
    driven by a drastic make-over of the regional AEC
    (architecture, engineering, and construction)
    industry.

6
Building Automation Systems Market Analysis
  • With 'smart buildings' emerging as the point of
    convergence across developing markets, the East
    Asia building automation system market is set to
    exhibit growth by 9 YOY in 2019, says the FMI
    analyst.
  • This study outlines the prominent opportunities
    in the building automation system market and
    finds that the market would exhibit growth at a
    value CAGR of 8 during the assessment period.
  • Press-Release Source - https//www.prnewswire.com/
    news-releases/building-automation-system-market-is
    -expected-to-grow-at-a-cagr-of-8-during-the-foreca
    st-period-of-2019-to-2029--future-market-insights-
    300901476.html
  • More Related Press-Release
  • Aerial Work Platforms Market is Expected to Grow
    at a CAGR of 4 During 2019 to 2029
  • Bandsaw Machines Market is Expected to Increase
    at a CAGR of 4 Over the Forecast Period of 2019
    to 2029
  • Underground Mining Equipment Market is Estimated
    to Grow at a CAGR of 2.4 During the Forecast
    Period of 2019 to 2029

7
Building Automation Systems Market Analysis
  • About Us
  • Future Market Insights (FMI) is a leading market
    intelligence and consulting firm. We deliver
    syndicated research reports, custom research
    reports and consulting services which are
    personalized in nature. FMI delivers a complete
    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.
  • Contact UsMr. Abhishek Budholiya616 Corporate
    Way, Suite 2-9018Valley Cottage, NY 10989United
    StatesT 1-347-918-3531F 1-845-579-5705T
    (UK) 44(0)20-7692-8790Sales sales_at_futuremarket
    insights.com

8
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contactHari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor,207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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