Building Automation Systems Market is expected to reach USD 148.6 billion by 2027, from USD 86.8 billion in 2022; it is expected to grow at a CAGR of 11.4% from 2022 to 2027

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The growth of the building automation systems market is fueled by the growing demand for energy-efficient installations with hardened security systems. Additionally, advancements in wireless communication technologies have reduced the complexity and cost of installing building automation systems in existing buildings.

New York, May 31, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Building Automation Systems Market by Offer, Communication Technology, Application and Region – Global Forecast to 2027” – https: //www.reportlinker.com/p05763280/?utm_source=GNW
The combination of IoT and building automation has also enabled the exchange of information between multiple electronic devices and the cloud without requiring direct human intervention which makes buildings smart. Building automation is a simple way to control and monitor systems installed in buildings. These systems include facility management systems, security and access controls, as well as fire and life safety alarms. Building automation helps reduce energy consumption in buildings, improves occupant comfort levels, and efficiently manages building operations. Facility management systems, such as lighting controls and HVAC controls, are installed in buildings for significant cost and energy savings. Likewise, security and access controls are installed there to increase the level of security, monitor suspicious activities and keep a record of people entering and leaving the buildings. Fire protection systems are installed in buildings to minimize the risk of loss of life, assets and resources due to fires. Additionally, building energy management software helps building operators optimize building operations by analyzing energy consumption data obtained from various sources such as lighting controls and HVAC controls. . Building automation systems can be classified into different categories based on their functions and the applications in which they are to be used. In this report, the building automation systems market has been segmented on the basis of communication technology, supply and application. These market segments have been further analyzed based on market trends in four key regions, namely North America, Europe, Asia-Pacific and Rest of the World (RoW).

The business application segment is expected to have the highest market share during the forecast period
The business application segment is expected to account for the largest market share during the forecast period. commercial segment.

HVAC, lighting, security and access control systems are the main systems used in commercial applications. Among these, security and access control systems have become an integral part of commercial buildings due to increasing security concerns.

Commercial applications of building automation systems include office buildings, residences, hospitals and healthcare facilities, retail and public assembly buildings, airports and railroads, warehouses, etc

The BEM Software Segment of the Building Automation Systems Market by Offer is expected to grow at the Highest CAGR during the forecast period
The building energy management software segment is expected to grow at the highest CAGR during the forecast period. The growth of the building automation software segment can be attributed to the ability of building automation systems to reduce energy consumption, resulting in energy and cost savings.

Rising energy prices and the formulation of strict energy efficiency policies have made controlling energy consumption levels in buildings crucial. Building energy management software helps building operators or owners to continuously monitor and analyze the amount of energy used by buildings.

They not only inform operators or building owners of energy drifts, but also provide actionable information for energy savings.

With the advent of technology, manufacturers of building automation systems are focusing on developing user-friendly software for managing energy consumption in buildings. This, in turn, is driving the global demand for building energy management software.

APAC Building Automation System Market is expected to have the highest CARG and hold the highest market share during the forecast period (2022-2027)
The Asia Pacific Building Automation System Market has been studied for China, Japan, India, South Korea, and Rest of Asia Pacific. The market in this region is expected to grow at the highest CAGR during the forecast period.

The growth of the building automation systems market in the APAC region can be attributed to the region’s economic growth, as well as an increase in construction and industrial activities witnessed by major Asia-Pacific countries. The main objective of consumers in the region is to achieve energy savings with the implementation of building automation systems that translate directly into monetary savings.

Countries like China and India have increasingly started to develop smart cities. Building automation systems play a key role in achieving energy saving goals in these countries.

Asia-Pacific is home to a large portion of the world’s population. Consumers in this region are actively deploying building automation systems in residential and commercial areas due to improving economic conditions. Additionally, the increase in construction activities in China is playing a key role in the growth of the building automation systems market in Asia-Pacific. The growing demand for building automation systems for commercial applications can be attributed to the ability of these systems to reduce building operating costs. Easy maintenance of temperature and lighting levels, as well as enhanced security levels offered by building automation systems, are fueling the market growth in the region.

Distribution of the profiles of the main participants:
• By business type: Level 1 = 30%, Level 2 = 50% and Level 3 = 20%
• By designation: C-level executives = 25%, directors = 35% and other = 40%
• By region: North America = 35%, Europe = 30%, APAC = 25% and Footprint = 10%
Leading companies in the Testing, Inspection and Certification market are Honeywell International (US), Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US), Robert Bosch (Germany) ), Legrand (France), Hubbell (USA), ABB (Zurich), Trane Technologies (Ireland), Lutron Electronics (USA), Creston Electronics (USA), Hitachi (Japan), Delta Controls (Canada ), Beckhoff Automation (Germany), Lennox International (USA), General Electric (USA), Distech Controls (Canada), Dialight PLC (UK), Cisco Systems (USA), Rockwell Automation (USA), United States), Control4 (United States), Signify (Philips Lighting) (Netherlands), Emerson Electric (United States) and Leviton Manufacturing Company (United States)

Research Coverage:
This report segments the building automation systems market by offering (facility management systems, security and access controls, fire protection systems, BEM software, BAS services), communication technology (wireless, wired), application and region – global forecast to 2027

Reasons to buy the report:
• This report includes statistics related to the Building Automation System market based on supply, communication technology, application and region.
• Major drivers, restraints, opportunities, and challenges for the Testing, Inspection and Certification market have been detailed in this report
• The report includes illustrative segmentation, analysis, and forecast for the Building Automation Systems market based on its segments.
Read the full report: https://www.reportlinker.com/p05763280/?utm_source=GNW

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