1. Market Research
  2. > Construction
  3. > Building Products Market Trends
Building Automation System Market by Communication Technology, Offering, Application, Region - Global Forecast to 2024

Building Automation System Market by Communication Technology, Offering, Application, Region - Global Forecast to 2024

  • March 2019
  • 183 pages
  • ID: 5763280
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

BAS market is expected to grow at CAGR of 10.12% from 2019 to 2024
The BAS market is expected to grow from USD 75.0 billion in 2019 to USD 121.5 billion by 2024—growing at a CAGR of 10.12%. The growth of this market is mainly driven by the rise in the adoption of automated security systems in buildings, a high focus on designing and establishing energy-efficient and eco-friendly buildings and several benefits of BAS, rapid penetration of IoT in building automation systems, and rapid infrastructure growth in developing nations. Favorable government initiatives and incentives, and advancements of building technologies and automation with data analytics provide lucrative opportunities for players in the BAS market. However, technical difficulties and a dearth of skilled experts restraint the BAS market growth.

Security and access control systems to hold largest size of BAS market during the forecast period
Security and access control systems accounted for the largest share of the BAS market in 2018.Security and access control systems have become an integral part of the safety and security of buildings and their occupants.

These systems have revolutionized the building security and removed human intervention.These are installed in buildings to increase the security level, monitor activities, and keep a record of people entering and exiting the building.

Several businesses make use of these systems for the protection of assets, staff, and information; monitoring of activities; and controlling the access to the building. Worldwide governments are also investing heavily to develop reliable and robust security systems for safeguarding their citizens from terrorist attacks.

Commercial application is expected to hold significantly large share of BAS market by 2024
The commercial application accounted for the largest share of the BAS market in 2018, and a similar trend is likely to continue in the near future.The growing deployment of BAS in large shopping complexes, office buildings, and public transport areas, such as airports and railway stations, drives the growth of the BAS market for commercial applications.

HVAC, lighting, and security and access control systems are the major products used in commercial applications. Of these, security and access control systems have become an integral part of commercial buildings because of the rising security concerns in this sector.

Market in APAC is likely to grow at highest CAGR during forecast period
The BAS market in APAC is expected to grow at the highest CAGR during the forecast period.APAC is expected to provide ample opportunities to BAS market players during the forecast period due to the influx of global players, along with the emergence of native players in this region.

The expected rise is attributed to the high economic growth and surge in the construction and industrial activities witnessed by major countries in this region.The region houses a large proportion of the population in the world, and consumers are actively deploying BAS in residential and commercial areas owing to the improvements in economic conditions in this region.

The prime objective of consumers is to achieve energy savings with the implementation of BAS, which directly translates to monetary savings.Countries such as China and India have aggressively started developing smart cities.

BAS is acting as a key enabler in achieving these objectives by the respective countries.

Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 - 30%, Tier 2 - 40%, and Tier 3 - 30%
• By Designation: C-Level Executives - 30%, Directors - 35%, and Others - 35%
• By Region: North America - 40%, Europe - 20%, APAC - 30%, and RoW - 10%

Major players profiled in this report are as follows:
• Honeywell International (US)
• Siemens AG (Germany)
• Johnson Controls International (Ireland)
• Schneider Electric (France)
• United Technologies Corp. (US)
• Robert Bosch (Germany)
• Legrand (France)
• Hubbell (US)
• ABB (Switzerland)
• Ingersoll-Rand (Ireland)

Research Coverage
In this report, the BAS market has been segmented on the basis of communication technology, offering, application, and region.Based on communication technology, the market has been segmented into wired technology and wireless technology.

The BAS market based on offering has been segmented into facility management systems, security & access control systems, fire protection systems, building energy management software, BAS services, and others.The market for application has been segmented into residential, commercial, and industrial.

The study also forecasts the size of the market in 4 main regions—North America, Europe, APAC, and RoW.

Reasons to Buy the Report

The report would help market leaders/new entrants in this market in the following ways:
1. This report segments the BAS market comprehensively and provides the closest approximation of the overall market size and subsegments that include communication technology, offering, application, and region.
2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the BAS market.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The Competitive Landscape section includes the competitor ecosystem, as well as growth strategies such as product launches, acquisitions, and expansions carried out by major market players.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
North America HVAC Valves Market to 2027 - Analysis and Forecasts by Product ; and Application

North America HVAC Valves Market to 2027 - Analysis and Forecasts by Product ; and Application

  • $ 3000
  • April 2019

The North America HVAC Valves market accounted for US$ 729.6 Mn in 2017 and is expected to grow at a CAGR of 5.7% over the forecast period 2018-2027, to account for US$ 519.0 Mn in 2027. Factors including ...

Home Energy Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Home Energy Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • $ 1999
  • June 2019

The global home energy management systems market was worth US$ 1.6 Billion in 2018. Home energy management system is a smart electronic device that is used to manage the consumption of energy in households. ...

Building Automation System Market in Southeast Asia, Forecast to 2023

Building Automation System Market in Southeast Asia, Forecast to 2023

  • $ 4950
  • May 2019

BAS to Endure with New Business Models and Smart Cities Development in Southeast AsiaThe Southeast Asian building automation system (BAS) market is in its growth stage and presents a mixed bag of opportunities, ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on