Market Research Report - 121225
Commercial Building Automation Products: Technologies and Global Markets
|Published by||BCC Research|
|Published||Content info||200 Pages|
|Commercial Building Automation Products: Technologies and Global Markets|
|Published: September 30, 2015||Content info: 200 Pages||
The global market for building automation systems was $90.1 billion in 2014. This market should reach $94.1 billion in 2015 and nearly $116.4 billion by 2020, registering a compound annual growth rate (CAGR) of 4.3%.
The building of automation systems for commercial, office, institutional, and high rise residential buildings controls a suite of component systems that include (in alphabetical order):
This report examines technologies, markets, and factors influencing the markets for integrated control systems and systems that integrate the controls of various subsystems. Markets are forecast on the basis of historic activity and current opportunities, government initiatives and policies, and the status of the construction and renovation industries in specific nations.
The forecasts presented are for the total available markets. Some discussion is provided that compares actual revenues with market potential on various continents. Markets are broken down geographically and discussed within the context of the trends in construction activity, regulatory initiatives, and the revenue potential associated with building automation systems.
The bulk of the revenue comes from the world's three largest markets: Asia, North America, and Europe. A detailed analysis of the building automation market potential in these geopolitical economic regions is used as a basis for estimating world markets for these products. Thorough analyses are carried out of construction industry practices in the target regions, along with trends toward the uptake of building automation products and costs, associated laws, regulations, and common practices.
Identification has also been made of the prime decision-maker in the project chain who selects the type and scope of building automation configuration for a particular building project. Geographic and environmental factors influencing requirements for the systems are examined, as are national and international responses to global environmental challenges.
Paul Korzeniowski is a market research analyst and building automation consultant with more than two decades of experience. His work has centered on determining major market trends in the development of new networking standards, integration of building systems and the emergence of new technologies such as wireless communications. He has authored reports on markets for building automation systems for a wide variety of publications, including Investor's Business Daily, Business 2.0 and EnergyBiz.