Infinium Global Research has undertaken a new report on Global Building Automation Systems (BAS) Market: Trends Analysis and Forecast to 2023. The report presents analysis global as well as regional markets of Building automation systems (BAS) over the period of 2017 to 20213 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2017 to 2023.
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The major driving forces for this market are the regulatory norms, the requirement for superior utility efficiency, increasing global demand for energy and enhanced customer service. Additionally, need for implementation of the smart grid technologies, housing trends and energy management practices have played a major role in the growth of this market.
The restraining force influencing BAS market is the expense involved in installation of BAS. Cost benefit ratio and ambiguity regarding the structure of funding in implementation of BAS infrastructure is also acting as a restraining factor in some markets.
Recent trends demonstrate that the governments of various countries are implementing regulations to minimize the wastage of energy, which results in increasing usage of BAS. More stringent regulations are expected to be implemented in future which would drive the market for BAS.
North America is currently leading in the building automation systems market. Asia-Pacific is expected to be driven by China, India, South Korea and Japan among others. China is expected to lead the BAS market in the subsequent years. Currently the European region is observing a significant growth in Spain, the U.K., Germany and France owing to their introduction of new energy related regulations. The Middle-East with its rapid industrialization will observe huge growth in the recent future. Few major players in the BAS market are Siemens AG, Schneider Electric Legrand ABB, Emerson Electric Co., Crestron Electronics and Honeywell International among others.
Reasons to buy this report
- Comprehensive analysis of global as well as regional markets of Building automation systems (BAS)
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2023.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
- Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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