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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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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