The Global Building Automation System Market is forecasted to grow at 9.7% CAGR, with factors such as the rising adoption of automated security systems in commercial buildings are expected to drive the market. The growing popularity of IoT-based building automation systems is projected to lead the global building automation system market.
Global Building Automation System Market Scenario
According to Data Bridge Market Research, Europe is expected to be the highest growing region. Johnson Controls accounts for an estimated market share of 8.82% in the global building automation system market. The company has gained outstanding sales through innovative product development for various industries.
For instance,
- In January 2022, Johnson Controls acquired FogHorn, the leading developer of Edge AI software for industrial and commercial Internet of Things (IoT) solutions. This will help the company to expand its business and accelerate its innovation and vision for smart autonomous buildings
Trends Impacting the Market
Now the question is which other regions Johnson Controls, Siemens, and Emerson Electric Co. are targeting? Data Bridge Market Research has estimated a large growth in Europe building automation system market and the market leaders targeting Germany, France and U.K. to be their next revenue pockets for 2022.
The global building automation system market is becoming more competitive every year with companies such as Johnson Controls, Siemens, and Emerson Electric Co. as they are the market leaders for building automation systems. The data bridge market research new reports highlight the major growth factors and opportunities in the global building automation system market.
For more analysis on the global building automation system market, request a briefing with our analysts: https://www.databridgemarketresearch.com/ko/speak-to-analyst/?dbmr=global-building-automation-system-market
Global Building Automation System Market Developments
- In December 2021, Siemens signed an agreement to acquire digital twin software for buildings from EcoDomus, a U.S.-based company. The move helps Siemens Smart Infrastructure expand its digital building portfolio, including its cloud-based building operations twin software and its flagship building management platform Desigo CC
- In January 2022, Emerson Electric Co. announced PACSystems Edge Solutions, a new turnkey industrial edge hardware and software solutions portfolio. Edge Solutions simplify selection and deployment, helping original equipment manufacturers (OEMs), systems integrators, and end-users significantly reduce the time spent integrating, developing, and validating digital transformation projects. This development helped the company to serve and attract more customers by providing a new product portfolio of hardware and software solutions
Scope of the Global Building Automation System Market
The global building automation system market is segmented on the basis of country, system type, technology, and application.
- On the basis of country, the global building automation system market is segmented into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, Israel, South Africa, Rest of the Middle East and Africa.
- On the basis of system type, the global building automation system market is segmented into facility management systems (FMS), fire protection systems, security and access control systems, energy management systems, building management software (BMS), and others. On the basis of technology, the global building automation system market is segmented into wireless technologies, and wired technologies. On the basis of application, the global building automation system market is segmented into commercial, industrial, and residential.
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Key Pointers Covered in Global Building Automation System Market Industry Trends and Forecast to 2029
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competitiveness
Key Market Competitors Covered in the Report
- Vipond Inc.
- EnOcean GmbH
- Infineon Technologies AG
- Intel Corporation
- Microchip Technology Inc.
- Qualcomm Technologies, Inc.
- Creston Electronics
- Tech Automation Inc.
- Stanley Black & Decker, Inc.
- Legrand
- Siemens
- General Electric
- BuildingIQ
- Honeywell International Inc.
- Robert Bosch GmbH
- Johnson Controls
- Securitas AB
- Convergint Technologies LLC
- Beckhoff Automation
- Ingersoll Rand
- Chubb Fire & Security
- Snap One, LLC
- Schneider Electric
- Hitachi, Ltd.
- Hubbell
- G4S Limited
- Lutron Electronics Co., Inc
- PALADIN SECURITY
- ACUITY BRANDS LIGHTING, INC.
- ADT
- Emerson Electric Co.
- PHOENIX CONTACT
- ABB
- Mitsubishi Electric Corporation
- BuildingLogiX
- Delta Controls
- Viking Controls
Above are the key players covered in the report, to know about more and exhaustive list of global building automation system market, contact us- https://www.databridgemarketresearch.com/ko/toc/?dbmr=global-building-automation-system-market
Research Methodology: Global Building Automation System Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: End Industries, Manufacturers, and Industrial Professionals
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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