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Building Automation System Market is Expected to Reach 8% CAGR by 2029 According to New Research Report

The global building automation system market grew 7% in 2018 to total ~ US$ 35 Bn, registering an upward spiral from ~ US$ 33 Bn in 2017, according to the new research study by Future Market Insights (FMI). Schneider Electric SE, ABB, Siemens AG, Johnson Controls Inc., and Honeywell International Inc. remain the top 5 players in the building automation market, commanding nearly 40% of the global market share.

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Building Automation System Market is Expected to Reach 8% CAGR by 2029 According to New Research Report

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  1. Building Automation System Market is Expected to Grow at a CAGR of ~8% During 2019 to 2029 Feb 2020 Report Id : REP-GB-2150 Published On : Aug-2019 Category : Industrial Automation and Equipment www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitiveframework,and future markettrends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing– the perfect solutionfor our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 PMR formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 PMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 PMR delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Building Automation System Market Analysis Building Automation System Market is Expected to Grow at a CAGR of ~8% During 2019 to 2029 The global building automation system market grew 7% in 2018 to total ~ US$ 35 Bn, registering an upward spiral from ~ US$ 33 Bn in 2017, according to the new research study by Future Market Insights (FMI). Schneider Electric SE, ABB, Siemens AG, Johnson Controls Inc., and Honeywell International Inc. remain the top 5 players in the building automation market, commanding nearly 40% of the global market share. The FMI analyst is of the opinion that growing investments in smart buildings is one of the key shapers estimate to mould the growth of building automation system market in 2019 and beyond. Despite of having a robust sphere of influence, leading players in the building automation system market will continue to face competition threats from new vendors entering the scenario with newer promises. According to the analyst, the likes of Apple and Google NEST are entering into the building automation space and upending the market structure, which, in turn is hard-pressing the established players to come up with new strategy models. These new vendors are focusing on residential spaces and addressing special requirements coming from them, which, in turn, is enabling these companies to tap into niche corners and reap sizeable profits throughout. These particulars signal that manufacturers don't have to stick to their conventional ideologies to sustain growth, they can go beyond core competencies and catch up with some new market trends instead, finds FMI. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Building Automation System Market Analysis In 2018, end users increasingly adopted building automation services over hardware and software, and 2019 is also expected to see a similar pattern of choice. This inclination is primarily conditioned by attractive packages offered by the service providers along with satisfactory pre-sales and post-sales customer assistance, starting from installation to maintenance. However, a significant portion of end users will continue to lean toward building automation software, with global value estimated to reach ~ US$ 10.5 Bn in 2019. Market Players to Eye Massive Opportunities in East Asia FMI forecasts that adoption of building automation systems in commercial applications will grow by ~ 8% YOY in 2019, representing ~ 64% of the total revenue in that year. Commercial structures such as offices, schools, hospitals, and others, stay at the forefront of demand for a centralized control system that offers hassle-free operations. This, in turn, is a key factor pushing the adoption of building automation systems in the commercial spaces, states the FMI analyst. Europe (32%) and North America (30%) retained their lead as the largest markets for building automation systems in 2018, and this status quo is remain the same in 2019 and beyond. When it comes to technological revolutions, developed markets stand firm as trailblazers and often lay down new paths for developing markets to follow suit. In similar lines, North America and Europe will continue to be the most attractive regions for the building automation system market players to make investments in, finds the FMI analysis. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Building Automation System Market Analysis However, East Asia is likely to emerge as the new gold mine of opportunities, with growth primarily driven by a drastic make-over of the regional AEC (architecture, engineering, and construction) industry. With 'smart buildings' emerging as the point of convergence across developing markets, the East Asia building automation system market is set to exhibit growth by ~ 9% YOY in 2019, says the FMI analyst. This study outlines the prominent opportunities in the building automation system market and finds that the market would exhibit growth at a value CAGR of ~ 8% during the assessment period. For more insights into the building automation system market, write in to the analyst at press@futuremarketinsights.com Source: https://marketresearch139934024.wordpress.com/2020/02/25/global-electrical-steel-market- is-expected-to-grow-at-a-massive-cagr-of-over-8-6-during-2019-2026/ More from Industrial Automation & Equipment Market Insights: • Electric Sub-meter Market • Electrical Steel Market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Building Automation System Market Analysis About Us Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends. Contact Us Mr. Abhishek Budholiya 616 Corporate Way, Suite 2-9018 Valley Cottage, NY 10989 United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): +44(0)20-7692-8790 Sales: sales@futuremarketinsights.com Press Office: Press@futuremarketinsights.com Future Market Insights Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

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