Some of the other companies that hold a lion's share in this market include Lutron (U.S.), Bosch security systems (Germany), Control4 (U.S.),Legrand (France), and Tyco (Siwtzerland).
(PRWEB) December 11, 2014
The report presents detailed segmentation of the Building Automation and Controls Market, by product, by application, and geography, which covers all the major controls and technologies used in building automation. The total building automation and controls market was valued at $29.78 Billion in 2013 and is expected to reach $55.48 Billionby 2020, growing at a CAGR of 9.04% from 2014 to 2020.
The concept of building automation has been in existence for a long time and has witnessed a profound growth in the last five years. The stringent regulations being imposed by the governments, which have been augmenting due to the increasing cost-saving needs of the building owners, are the primary factor contributing to the growth of this market. The growing awareness of wireless technologies and the developments in terms of the integration of wired and wireless technologies will propel the market in the future.
The report "Building Automation & Controls Market by Product Segment (Lighting control, HVAC control, Security & Access control), Application Vertical (Residential, Commercial, and Industrial), and Geography (North America, Europe, APAC, and ROW) - Trends & Global Forecasts to 2014 - 2020", defines and segments the building automation market into various sub-segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving the market, various restraints, and opportunities impacting it, along with the adoption trends.
In terms of the product segment, the building automation and controls industry is classified on the basis of lighting control, HVAC control, and security & access control. The “security and access control” application vertical, which is further segmented into video surveillance and biometric systems, has been dominating the building automation & controls market as a result of the increasing security practices in buildings.
Browse 97 market data Tables and 68 Figures spread through 205 Pages and in-depth TOC on "Building Automation & Controls Market".
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The prime objectives of the research study were, to analyze the market trends for each of the product type, estimate the growth rates of all the various controls, and compare them with other controls.
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Apart from the market segmentation, the 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.
The top five prominent players in the building automation & control market are Honeywell International (U.S.), Siemens (Germany), Johnson Controls (U.S.), Schneider Electric (France), and United Technologies (U.S.).
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