- Global building automation and control system market is poised to grow at CAGR of~9% during the forecast period of 2019 to 2027. Increased interest of major vendors to incorporate advanced technologies will boost the market expansion.
- On regional front, North America is one of the important regions that hold large market share.
ALBANY, N.Y., Sept. 22, 2020 /PRNewswire/ -- Building automation and control system is defined as an automatic centralized system that allows for monitoring, controlling, and recordingall activities of building services. These systems assist in minimizingthe environmental impact and energy costs of the building.At the same time, they help in maintaining the building environment efficiently.
Building automation and control systems find application in lighting control system, facility management, fire control system, heating, ventilation & air-conditioning, video surveillance, safety & security system, energy management system, and access control.
Analysts at TMR state that the global building automation and control system market will show prominent growth and expand at a prodigious CAGR of ~9% during the forecast period of 2019 to 2027. The list of important factors driving this market growth includes rising acceptance of IoT, advancement in cloud computing, and network infrastructure.
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Key Findings of Building Automation and Control System Market Report
Explore 262 pages of top-notch research, incisive insights, and detailed country-level projections on Building Automation and Control System Market (Technology: Wired and Wireless [ZigBee, Wi-Fi, Bluetooth, and Others]; Application: Facility Management [Lighting Control System and Heating, Ventilation & Air-conditioning], Fire Control System, Safety & Security System [Video Surveillance and Access Control], Energy Management System, and Others [Smart Locks and Plugs]; and End User: Residential, Commercial, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/building-automation-control-system-market.html
Building Automation and Control System Market: Key Driving Factors and Promising Avenues
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Building Automation and Control System Market: Competitive Assessment
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The Building Automation and Control System Market can be segmented as follows:
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