Building Automation and Control Systems Market (Updated Version Available)

Building automation is the automatic centralized control of a buildings heating, ventilation and air conditioning, lighting and other systems through a building management system or building automation system (BAS). The objectives of building automation are improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs, and improved life cycle of utilities.
Energy management needs and the growing emphasis on reducing utility costs, continue to drive the adoption of building automation systems. Majority of the large buildings today are equipped with these solutions in the developed parts of the world. Proactive measures taken by government organizations for the implementation of standards, such as ISO 50001 (energy-management-system standard) in the building sector, have the potential to stimulate the integration of building automation systems.
Building automation solutions are emerging as cost-effective tools for essentially all forms of buildings, regardless of energy costs, usage, or climatic conditions. The average net energy savings per installation (of these systems) is about 36% for space heating, water heating, and cooling/ventilation (HVAC), and 23% for lighting (as of 2018). The reduced energy consumption is also contributing toward climate change mitigation. Europes emission from fuel combustion is likely to witness a reduction of 9-14% by 2035(according to a report by European Union). This is further driving the growth in the market, due to the governments support and promotion for further uptake of smart grids, demand-side management, and on-site renewable energy production. Moreover, standards like ISO 50002 (energy-management-system standard) in the building sector are pushing the implementation, which has the potential to stimulate the integration of energy-saving control systems. 
Owing to the rising environmental concerns, many organizations are adopting smart building networks to reduce the energy consumption and operational costs in commercial buildings, thus, favoring the market. Globally, it was also estimated that commercial building owners and managers are expected to invest USD 960 billion between 2018 and 2025 on making their existing infrastructure more eco-friendly (according to Smart Glass International). Furthermore, growth in business and emerging business opportunities in developing economies, such as Brazil, China, and India are driving the establishments of new infrastructure in developing nations. With many consumers opting for smart office systems for future proofing, the demand for BMSS is increasing. However, security concerns related to the safety of networks and devices is one of the factors restraining the adoption. Increasing security breaches and growing threats to organizations of cybercriminal organizations are creating cynicism.
The report offers detailed coverage of Building Automation and Control Systems industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Building Automation and Control Systems by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Building Automation and Control Systems market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.

First, this report covers the present status and the future prospects of the global Building Automation and Control Systems market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Siemens
Honeywell International
Philips Lighting Holding
United Technologies
Lennox international
GENERAL ELECTRIC
Bosch Security Systems
Schneider Electric
Legrand
Cisco Systems


At the same time, we classify Building Automation and Control Systems according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Building Automation and Control Systems market for the forecast period 2020 - 2025?
• What are the driving forces in the Building Automation and Control Systems market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Building Automation and Control Systems industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?