Global Building Automation and Control Systems Market Will Exhibit Neutral Impact During 2020-2024 | Growing Demand for Energy Efficiency to Improve the Market Growth | Technavio

·6-min read

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:

  • End-user

    • Commercial Buildings

    • Residential Buildings

    • Government Buildings

    • Other Buildings

  • Geographic Landscape

    • Europe

    • North America

    • APAC

    • MEA

    • South America

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:

Executive Summary

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • 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 condition

Market Segmentation by End-user

  • Market segments

  • 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

  • Market segments

  • 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

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • 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 drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Competitive scenario

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • 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

  • Siemens AG

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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