Technavio has been monitoring the global building automation and control systems market, operating under the industrials sector. The latest report on building automation and control systems market, 2020-2024 estimates it to register an incremental growth of USD 27.83 billion, at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Building Automation and Control Systems Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. ABB Ltd., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, Legrand SA, Raytheon Technologies Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG are among some of the major market participants.
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Growing demand for energy efficiency has been instrumental in driving the growth of the market. However, the high installation cost might hamper the market growth.
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Building Automation and Control Systems Market 2020-2024: Segmentation
Building Automation and Control Systems Market is segmented as below:
Based on geographic segmentation, over 35% of the market growth originated from APAC during the forecast period. In addition, commercial buildings led the growth under the end-user segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Building Automation and Control Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The building automation and control systems market report covers the following areas:
Building Automation and Control Systems Market Size
Building Automation and Control Systems Market Trends
Building Automation and Control Systems Market Industry Analysis
This study identifies the customization of automation and building control systems as one of the prime reasons driving the Building Automation and Control Systems Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Building Automation and Control Systems Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist building automation and control systems market growth during the next five years
Estimation of the building automation and control systems market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the building automation and control systems market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of building automation and control systems market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End-user
Commercial buildings - Market size and forecast 2019-2024
Residential buildings - Market size and forecast 2019-2024
Government buildings - Market size and forecast 2019-2024
Other buildings - Market size and forecast 2019-2024
Market opportunity by End-user
Market Segmentation by Solution
Comparison by Solution
Stage-4 - Market size and forecast 2019-2024
Stage-2 - Market size and forecast 2019-2024
Stage-3 - Market size and forecast 2019-2024
Stage-1 - Market size and forecast 2019-2024
Market opportunity by Solution
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Emerson Electric Co.
Honeywell International Inc.
Johnson Controls International Plc
Raytheon Technologies Corp.
Robert Bosch GmbH
Rockwell Automation Inc.
Schneider Electric SE
Scope of the report
Currency conversion rates for US$
List of abbreviations
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