• / Free eNewsletters & Magazine
  • / My Account
Home>Global Building Automation Market, 2022 - Research and Markets

Global Building Automation Market, 2022 - Research and Markets

Global Building Automation Market, 2022 - Research and Markets

09/28/2017

Global Building Automation Market, 2022 - Research and Markets

The "Global Building Automation Market - By Communication Technology, Offerings, Application, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.

The building automation system market was USD 54.81 billion in 2016 and is to reach USD 100.60 billion by 2022 at a CAGR of 10.65% during the period. Commercial buildings sector holds major share in building automation system market.

North America currently holds major share in global building automation system followed by Europe and Asia Pacific. APAC is expected to show rapid growth rate due to increasing construction of buildings coupled with government initiatives.

Growing demand for comfort, customization, maintenance, support, reliability, safety, security, high energy efficiency, growing innovations in the wireless communication technologies and advances in Internet of Things(IoT) are boosting the growth of building automation system market globally. High implementation cost, macroeconomic slowdown and lack of legislative support are some of the constraints restraining growth in this industry.

Key Topics Covered:

1. Research Methodology

2. Executive Summary

©2017 Morningstar Advisor. All right reserved.