Schneider Electric, Honeywell, and Johnson Controls are three key vendors highlighted in a new Technavio report
Technavio has published a new report on the global building automation and control systems market, which is expected to grow at a CAGR of over 9% from 2015-2019.
Building automation and control systems market segmentation including product, end-user, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different products, including stage I, stage II, stage III, and stage IV.
Additionally, analysts have segmented market projections by key geography, and also by end-user, focusing on residential, commercial, government, and other end-users.
“Implementation of the IoT in building automation and control systems reduces energy consumption and raises operational efficiency, enabling end-users to monitor multiple building systems through a central hub. This trend is expected to boost the market growth for the building automation and control systems globally during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
Building automation and control systems: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global building automation and control systems market from 2015-2019. To determine the market size, the report considers revenue generated from the sale of building automation and control systems and related services.