Commercial Building Automation Systems Market Sales Revenue to Significantly Increase in the Next Few Years|Honeywell International Inc., Ingersoll-Rand plc, ABB Ltd, Robert Bosch GmbH
The Global Commercial Building Automation Systems Market is accounted for $82.60 billion in 2017 and is expected to reach $144.36 billion by 2026 growing at a CAGR of 6.4% during the forecast period. Growth in need for energy-efficient commercial buildings is one of the major factors driving the market growth. However, lack of skilled labors and high cost of implementation may restrict the market growth.
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Commercial building automation is the automatic centralized control system, which controls air conditioning, heating and ventilation, lighting and other systems of a building through a building automation system (BAS) or building management system.
By Product, Lighting Controls held considerable growth during the forecast period. Commercial lighting control systems can significantly lower building operating costs, improve working environments, and enhance security. By geography, North America is estimated to have a lucrative growth due to the rapid growth of the construction industry in developing countries such as China and India.
Some of the key players profiled in the Commercial Building Automation Systems include Honeywell International Inc., Ingersoll-Rand plc, ABB Ltd, Robert Bosch GmbH, Johnson Controls International plc, Siemens AG, Schneider Electric S.E. and United Technologies Corporation.
Products Covered:
– Fire & Light Safety Controls
– Wireless Controls
– HVAC Controls
– BAS Communications with IP
– Lighting Controls
– Security & Access Controls
End Users Covered:
– Schools
– Residences
– Other Applications
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