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MarketsandMarkets Estimates Building Automation & Controls Products Market Will Reach US$49.5 Billion by 2018

The report building automation and control market is currently in high growth stage of the industry life cycle and is expected to continue this growth phase till 2018.

According to a recent market research report “Global Building Automation & Controls Market by Product (Lighting, Security & Access, HVAC), Application & Geography (Americas, Europe, APAC, and ROW), the value of building automation and controls market is expected to reach $49.5 billion by 2018 growing at a compound annual growth rate of 11.2% from 2013 to 2018.
Browse 112 market data tables with 43 figures spread through 369 pages and in-depth TOC on Global Building Automation & Controls Market”.

The report is aimed at identifying the entire market of the building automation controls, specifically lighting, security& access and HVAC along with application and regional trends. The report covers the overall market and sub-segment markets through extensively detailed classifications. The global building automation and control market is in the growth stage of industry life cycle and expected to witness high growth in the next five years. The building automation and control market is in the growth stage of industry life cycle and expected to remain along the same lines in the year 2018 as well. The building automation and controls market is experiencing substantial growth in the areas such as lighting, security and access, BMS, entertainment and outdoor controls.

The market is divided as per three basic parameters: product types, application, and geography. Following is the detailed explanation of each segment:

By Product Type –

Seven major types of products are considered for the analysis, these products are; lighting controls, security & access controls, HVAC controls, entertainment controls, outdoor controls and building management systems (BMS). Each of the products is further divided into sub segments. For example, the security & access controls market is divided into further markets like biometrics, intrusion detection, video management systems and touch screens & keypads.

By Application –

The application part of the report has been broadly classified into residential, commercial, institutional, industrial and others. These areas of applications are further divided by the different building types. For instance, the commercial application is divided into office, lodging, healthcare, retail and warehouses (non-manufacturing).
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).

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.

www.marketsandmarkets.com

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