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MarketsandMarkets Forecasts Building Automation & Controls Market to Grow to US$49.5 Billion by 2018

Building Automation & Controls System Market Report analyzes the global market on the basis of Products (Outdoor & Elevator controls, Building Management Systems, Lightening, Security & Access), by application & geography for the year 2013-18

According to a new market research report “Global Building Automation & Controls Market (2013 – 2018): By Product (Lighting, Security & Access, HVAC, Entertainment, Outdoor, Elevator Controls, Building Management Systems (BMS)), Application & Geography (Americas, Europe, APAC, and ROW)” published by MarketsandMarkets (www.marketsandmarkets.com), the total building automation and controls market is expected to reach $49.5 billion by 2018 growing at a CAGR of 11.2% from 2013 to 2018.

The concept of building automation has been in existence for a long time and has witnessed profound growth in the last five years. Energy efficiency is the most important factor in almost all the building programs, hence the demand for energy-efficient solutions, enhanced security, increasing venture capital funding, and more convenience have spurred the market for building automation market. The growing awareness of wireless technologies and the developments towards the integration of wired and wireless will propel the market in the future. Commercial application remains the major application market, however high growth is expected in stadiums market due to the events such as 2012 London Olympics, the FIFA World Cup to be held in Brazil in the year 2014, Winter Olympics, the Universiade Student Games and the 2018 World Cup in Russia. It is observed that HVAC, security and access controls accounted for the major market share in 2012. for Major companies in building automation and controls market include Honeywell (U.S.), Siemens Building Technologies (Switzerland), ABB (Switzerland), Schneider Electric (France), Johnson Controls (U.S.), Ingersoll Rand (Ireland) and others.

The report’s detailed segmentation by products, by applications, and by geography covers all the major controls and technologies used in for building automation. The major control products that have been extensively covered in the report and Lighting, security & access, HVAC, entertainment, elevator and outdoor controls in addition to building management systems (BMS).

The application segmentation of the market covers all the different type of buildings like commercial, institutional, residential and others. These broad application sectors have been further segmented by the type of buildings. For instance, the commercial application has been further segmented by offices, lodging, retail, healthcare and warehouses (non-manufacturing).

One of the objectives of the research study was to analyze the market trends for each of the product type. The growth rates of all the various controls and their comparison with other controls. Report also covers the various protocols & standards used, both wired and wireless, Porter’s five force analysis, value chain with detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the overall building automation market as well as for the major control products.

Key Findings

The global building automation and controls market is estimated to grow at a healthy CAGR from 2013 till 2018 and to reach close to $50 billion by the end of these five years.
Currently, HVAC controls contribute to more than 33% of the global building automation and controls market. However, the security & access controls are estimated to contribute the highest by the end of 2018.
The factors such as evolving technologies and market dynamics that are affecting each type of controls.
Dimming systems and sensors are expected to grow at high rate in the lighting controls market for the next five years.
Porter’s analysis in detail, market dynamics of each control product and their respective markets has been explained.
Detailed segmentation of building automation market by application with a focus on markets of high growth and emerging technologies.
Detailed market dynamics i.e. drivers, restraints and opportunities, for the major control products along with winning imperatives.
Detailed competitive landscape with identification of the key players and market share analysis with market rankings.
Complete value chain, allied industry segments & value chain analysis of the global building automation industry and their impacts on the market

www.marketsandmarketsblog.com

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