Latest Industry Research Report On global Building Automation Systems (BAS) Market Research Report 2020 in-depth analysis of the market state and also the competitive landscape globally.
The Building Automation Systems (BAS) market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunities, capacity, revenue, and forecast 2025. This report also includes the overall and comprehensive study of the Building Automation Systems (BAS) market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Building Automation Systems (BAS) industry and provides data for making strategies to increase market growth and effectiveness.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis.
The global Building Automation Systems (BAS) Market is valued at USD 75.0 billion in 2019 and is expected to reach USD 140.3 billion by 2025, at a CAGR of 11% over the forecast period 2020 – 2025.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Global Building Automation Systems (BAS) Market: Honeywell International, Trane, Johnson Controls, Delta Controls, Robert Bosch GmbH, Siemens AG, Performance Mechanical Group, Carrier Corporation, Novar, Schneider Electric SE, and others.
These players have been focusing on strategies such as acquisitions, new product developments & launches, agreements, and investments that have helped them to expand their businesses in untapped and potential markets. The diversified product portfolio and multiple uses are factors responsible for strengthening the position of these companies in the global market.
Global Building Automation Systems (BAS) Market Split by Product Type and Applications:
This report segments the Building Automation Systems (BAS) market based on Types are:
- Lighting Control Systems
- HVAC Control Systems
- Security & Access Control Systems
Based on Application, the Building Automation Systems (BAS) market is segmented into:
The need for energy management and emphasis that develops on overcoming utility costs continues to encourage the adoption of the building automation system. In parts of the world, most of the high-rise buildings are equipped with this solution.
Energy consumption is expected to increase over the years to come; According to the US Energy Information Administration (EIA), global energy consumption is expected to grow nearly 50% during 2018-2050, with Asia to become the main consumer of energy for many years.
To improve their energy efficiency, various significant economies have formed regulations, and other countries follow settings. For example, the 2012 energy efficiency direction sets steps to help the EU achieve 20% energy efficiency targets in 2020; This was changed in 2018, with a minimum energy efficiency target of 32.5% for 2030. The development in the area forces businesses and homes to adopt energy-saving solutions.
With increasing focus on government regulations, cost savings, and optimizing energy, home, industrial, and company consumption actively invest in energy-saving systems. Proactive steps taken by government organizations for standard implementation, such as ISO 50001 (Standard energy management system) in the building sector, has the potential to stimulate the integration of the building automation system.
Regional Analysis for Building Automation Systems (BAS) Market:
For a comprehensive understanding of market dynamics, the global Building Automation Systems (BAS) market is analyzed across key geographies namely:
North America (United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam), Europe (Germany, France, UK, Italy, Russia, Rest of Europe), Central & South America (Brazil, Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other).
Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
Highlights the following key factors:
– Business description: – A detailed description of the company’s operations and business divisions.
– Corporate strategy: – Analyst’s summarization of the company’s business strategy.
– SWOT Analysis: – A detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
– Company history: – Progression of key events associated with the company.
– Major products and services: – A list of major products, services, and brands of the company.
– Key competitors: – A list of key competitors to the company.
– Important locations and subsidiaries: – A list and contact details of key locations and subsidiaries of the company.
– Detailed financial ratios for the past five years: – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
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This report provides an effective business outlook, different case studies from various top-level industry experts, business owners, and policymakers have been included to get a clear vision about business methodologies to the readers. SWOT and Porter’s five models have been used for analyzing the Building Automation Systems (BAS) Market based on strengths, challenges, and global opportunities in front of the businesses.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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