Dublin, April 18, 2019 (GLOBE NEWSWIRE) -- The "Building Automation System Market by Communication Technology, Offering, Application, Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The BAS Market is Expected to Grow from USD 75.0 Billion in 2019 to USD 121.5 Billion by 2024 - Growing at a CAGR of 10.12%

The growth of this market is propelled by the increasing requirement for energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing BAS in the existing buildings.

The combination of IoT and building automation has also enabled the exchange of information among several electronic devices and the cloud without the need for direct human interaction, which makes buildings smarter. This factor has also accelerated the growth of the BAS market. However, major restraints faced by companies in the BAS market include the false notion about the installation cost, and technical difficulties and a dearth of skilled experts.

Building automation is an easy way of controlling and monitoring the building's systems such as facility management systems, security and access control systems, and fire and life safety alarms. Building automation helps reduce energy consumption, increase occupants' comfort level, and manage building operations effectively.

Facility management systems, such as lighting control and HVAC control systems, are installed to achieve significant cost and energy savings. Similarly, security and access control systems are installed to increase the security level, monitor suspicious activities, and keep a record of people entering and exiting the building, while fire protection systems are installed to minimize the risk of loss of lives, assets, and resources due to fire accidents. Further, the building energy management software helps building operators to optimize building operations by analyzing the energy consumption data obtained from various sources such as lighting control and HVAC control systems.

Honeywell International (US), Siemens AG (Germany), Johnson Controls International (Ireland), Schneider Electric (France), United Technologies Corp. (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), and Ingersoll-Rand (Ireland) are a few major companies operating in the BAS market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in BAS Market
4.2 BAS Market, By Offering and Region
4.3 BAS Market, By Application
4.4 BAS Market in APAC, By Offering and Country
4.5 Geographic Analysis

5 Market Overview
5.1 Introduction
5.2 Value Chain Analysis
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 High Focus on Designing and Establishing Energy-Efficient and Eco-Friendly Buildings and Several Benefits of BAS
5.3.1.2 Rise in Adoption of Automated Security Systems in Buildings
5.3.1.3 Rapid Penetration of IoT in Building Automation Systems
5.3.1.4 Development of Wireless Protocols and Wireless Sensor Network Technology for BAS
5.3.1.5 Rapid Infrastructure Growth in Developing Nations
5.3.2 Restraints
5.3.2.1 False Notion About Installation Cost of BAS
5.3.2.2 Technical Difficulties and Dearth of Skilled Experts
5.3.3 Opportunities
5.3.3.1 Favorable Government Initiatives and Incentives
5.3.3.2 Advancement of Building Technologies and Automation With Data Analytics
5.3.4 Challenges
5.3.4.1 Presence of Different Communication Protocols

6 Building Automation System Market, By Communication Technology
6.1 Introduction
6.2 Trends in BAS Market
6.3 Communication Technology
6.3.1 Wireless Technologies
6.3.1.1 Zigbee
6.3.1.2 Enocean
6.3.1.3 Z-Wave
6.3.1.4 Wi-Fi
6.3.1.5 Bluetooth
6.3.1.6 Thread
6.3.1.7 Infrared
6.3.2 Wired Technologies
6.3.2.1 Digital Addressable Lighting Interface (DALI)
6.3.2.2 KNX
6.3.2.3 Lonworks
6.3.2.4 Building Automation and Control Network (BACNet)
6.3.2.5 Modbus

7 Building Automation System Market, By Offering
7.1 Introduction
7.2 Facility Management Systems
7.2.1 Lighting Control Systems
7.2.1.1 Occupancy Sensors
7.2.1.2 Daylight Sensors
7.2.1.3 Relays
7.2.1.4 Timers
7.2.1.5 Dimming Actuators
7.2.1.6 Switch Actuators
7.2.1.7 Blind/Shutter Actuators
7.2.1.8 Transmitters
7.2.1.9 Receivers
7.2.2 HVAC Control Systems
7.2.2.1 Sensors
7.2.2.2 Smart Thermostats
7.2.2.3 Control Valves
7.2.2.3.1 Two-Way Valves
7.2.2.3.2 Three-Way Valves
7.2.2.4 Heating and Cooling Coils
7.2.2.5 Dampers
7.2.2.5.1 Low-Leakage Dampers
7.2.2.5.2 Parallel and Opposed Blade Dampers
7.2.2.5.3 Round Dampers
7.2.2.6 Actuators
7.2.2.6.1 Hydraulic Actuators
7.2.2.6.2 Pneumatic Actuators
7.2.2.6.3 Electric Actuators
7.2.2.7 Pumps and Fans
7.2.2.8 Smart Vents
7.3 Security and Access Control Systems
7.3.1 Video Surveillance Systems
7.3.1.1 Hardware
7.3.1.1.1 Cameras
7.3.1.1.2 Monitors
7.3.1.1.3 Storage Systems
7.3.1.1.4 Accessories
7.3.1.2 Software/Video Analytics
7.3.1.3 Services
7.3.2 Biometric Systems
7.4 Fire Protection Systems
7.4.1 Sensors and Detectors
7.4.1.1 Smoke Detectors
7.4.1.2 Flame Detectors
7.4.1.3 Others
7.4.2 Fire Sprinklers
7.4.3 Fire Alarms
7.4.4 Emergency Lighting, Voice Evacuation, and Public Alert Devices
7.5 Building Energy Management Software
7.6 BAS Services
7.6.1 Installation and Maintenance
7.6.2 Training
7.7 Others

8 Building Automation System Market, By Application
8.1 Introduction
8.2 Residential Applications
8.2.1 Diy Home Automation
8.3 Commercial Applications
8.3.1 Office Buildings
8.3.2 Retail and Public Assembly Buildings
8.3.3 Hospitals and Healthcare Facilities
8.3.4 Airports and Railway Stations
8.4 Industrial Application

9 Building Automation System Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 South America
9.5.2 Middle East and Africa

10 Competitive Landscape
10.1 Introduction
10.2 Market Player Ranking Analysis
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Competitive Benchmarking
10.4.1 Strength of Product Portfolio (25 Companies)
10.4.2 Business Strategy Excellence (25) Companies
10.5 Competitive Scenario
10.5.1 Product Launches and Developments
10.5.2 Partnerships, Collaborations, Contracts, and Agreements
10.5.3 Mergers and Acquisitions
10.5.4 Expansions

11 Company Profiles

• ABB Ltd.
• Beckhoff Automation GmbH
• Buildingiq
• Control4
• Crestron Electronics, Inc.
• Delta Controls
• Distech Controls
• General Electric
• Hitachi, Ltd.
• Honeywell International
• Hubbell Inc.
• Ingersoll-Rand PLC
• Johnson Controls International
• Legrand SA
• Lennox International
• Lutron Electronics Co.
• Robert Bosch GmbH
• Schneider Electric
• Siemens AG
• United Technologies Corp.

For more information about this report visit https://www.researchandmarkets.com/research/tcnvm8/building?w=12

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Related Topics: Internet of Things and M2M, Industrial Automation 

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