Building Automation Systems Market
Building Automation Systems Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released market research report. This report is a guide which covers key strategic developments of the market including new technology launch, collaborations & joint ventures, research & development & regional expansion of major participants involved worldwide.
Building Automation Systems Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released market research report. This report is a guide which covers key strategic developments of the market including new technology launch, collaborations & joint ventures, research & development & regional expansion of major participants involved worldwide.
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<strong>Building</strong> <strong>Automation</strong> <strong>Systems</strong> <strong>Market</strong> Release Latest Trends &<br />
Industry Vision 2026<br />
<strong>Building</strong> <strong>Automation</strong> <strong>Systems</strong> <strong>Market</strong> study provides key insights about<br />
market drivers, restraints, opportunities, new product launches or<br />
approval, regional outlook, and competitive strategies adopted by the<br />
leading players.<br />
<strong>Building</strong> automation system (BAS), is a computer-based control system installed in buildings to<br />
control and monitor the building's mechanical and electrical equipment such as ventilation,<br />
lighting, power systems, fire systems, and security systems. The main functionality of a building<br />
automation system is to maintain optimal temperature and humidity of the building. For<br />
example, the humidity should be maintained in range of 0-30% when the day temperature is in<br />
the range of 22-30ºC and night temperature ranges from 20ºC to 27ºC. <strong>Building</strong>s that adhere to<br />
this range of humidity in relation to temperature are said to be in the comfort zone. This system<br />
also provides lighting in rooms as per an occupancy schedule, monitors performance and alerts<br />
the building maintenance staff about device failures in these systems.<br />
Download PDF Brochure @<br />
https://www.coherentmarketinsights.com/insight/request-pdf/1350<br />
Major factor driving growth of the global building automation system market is increasing<br />
integration of IoT (Internet of Things) in building automation systems. IoT enables integration<br />
of devices in a building, further converting all the information gathered by these devices into big<br />
data that can be stored, analyzed, and used to manage the building through its BAS. IoT uses
one common Internet Protocol (IP) platform to connect all the sensors and devices in a building<br />
to exchange and analyze information and optimize controls automatically. According to the<br />
Coherent <strong>Market</strong> Insights’ analysis, 1,073.6 units IoT devices were installed in smart homes<br />
and1,063 units installed in smart commercial buildings in 2017.<br />
Global <strong>Building</strong> <strong>Automation</strong> <strong>Systems</strong> <strong>Market</strong>: Regional Insights<br />
The market for building automation system in Asia Pacific is expected witness fastest growth.<br />
The growth is attributed to increasing economic growth in emerging economies such as China<br />
and India. Increasing economic growth tends to increase the growth of construction industry,<br />
for instance, according to the Department of Industrial Policy and Promotion (DIPP), India<br />
received US$ 24.7 billion of Foreign Direct Investment (FDI) in construction development sectors<br />
for housing, built up infrastructure and construction development from April 2000 to September<br />
2017. Additionally according to the Smart Cities Mission Project offered by Government of India,<br />
90 smart cities are been proposed with project investments of US$ 30.02 billion , which is<br />
expected to positively influence the growth of regional building automation market.<br />
Browse more about the research report @<br />
https://www.coherentmarketinsights.com/ongoing-insight/building-automation-systems-market-1350<br />
Global <strong>Building</strong> <strong>Automation</strong> <strong>Systems</strong> <strong>Market</strong>: Competitive Background<br />
Major players operating in the building automation system market include Automated Logic<br />
Corporation, AT&T Inc., Honeywell International Inc., Johnson Controls International Plc.,<br />
Schneider Electric SE, Hubbell Inc., ABB Ltd., Beckhoff <strong>Automation</strong> GmbH & Co. KG, Ingersoll-<br />
Rand Plc, Bosch Sicherheitssysteme GmbH, and Siemens AG.
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analysis through various recommendations related to emerging market trends, technologies,<br />
and potential absolute dollar opportunity.<br />
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