The global building automation and controls market size was valued at $95.37 Billion in 2020 and is expected to reach $219.60 Billion by 2028 growing at the CAGR of 10.52% from 2021 to 2028. This growth is attributed to several macro and microeconomic factors such as
- Growing deployment of building automation systems
- Rise in demand for convenient user experience
- Driver 3
Further several factors restraining the market growth include
- lack of interoperability between devices
- Restrain 2
Collaborations and Alliances in the building automation and controls market is expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the building automation and controls market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.
 In terms of COVID 19 impact, the Building automation and controls market report also includes following data points:
- Impact on building automation and controls market size
- End-User Trend, Preferences, and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in building automation and controls market
Key Insight in the report:
The global building automation and controls market report cover executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Building automation and controls market is analyzed across below-mentioned different segments:
- Product Type
- HVAC Control
- Lighting Control
- Security & Access Control
- Others
- Offering
- Integration
- Services
Building automation and controls market is also analyzed across below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in building automation and controls market include:
- Honeywell International
- Beijer Electronics
- ABB
- Siemens
- Johnson Controls
- Schneider Electric
- General Electric
- Legrand
- Lutron Electronics Co.
- Control4 Corporation
REPORT CONTENT BRIEF:
- High-level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Building automation and controls market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
Target Audience
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding industry dynamic of building automation and controls market
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