Global Building Automation and Control Systems Market Outlook 2022

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Global Building Automation and Control Systems
Market Outlook 2022
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Summary

• Building Automation and Control Systems (BACS)
  refers to centralized systems that monitor,
  control, and record the functions of building
  services systems.
• Buildings are topmost energy consumers accounting
  for around 41 total primary energy requirement
  globally.
• Optimization of energy efficiency has gained
  utmost importance both from ecological as well as
  economic perspective.
• Companies are adopting highly-efficient building
  automation systems in order to tap into high
  potential energy saving.

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• Global Building Automation and Control Systems
  market is driven by growth of construction
  industry, rise in energy consumption, focus on
  sustainability and energy efficiency-related
  legislation.
• However, the market faces several challenges
  related to cyber security, reluctance in
  adoption, dearth of skilled labour and high
  installation cost involved.
• The market is characterized by leading trends
  such as cloud penetration of BACS/BEMS monitoring
  management, intelligent HVAC system, dominance
  of Variable Refrigerant Flow (VRF) Air
  Conditioning, Legacy Upgrades Integration and
  adoption of Internet of Things.

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• The report provides information on the current
  scenario, detailed market outlook of the global
  building automation and control systems market
  with detailed analysis of major market segments
  such as Building Energy Management System (BEMS),
  Electronic Access Control (EAC) and Heating,
  Ventilation and Air Conditioning (HVAC) markets.
  
• Future forecasts of BACS market overall and
  across various sub-segments till 2022 is provided
  in the report. Furthermore, major industry
  players have been prudently analysed in the
  competitive landscape section of the report in
  order to provide key comparative insights.

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• Major international industry players operating in
  the global BACS market include Automated Logic
  Corporation (United Technologies), Honeywell
  International Inc.,
• Johnson Controls and Schneider Electric, among
  others.
• These players are profiled herein based on
  attributes such as business overview, product
  segments and financial analysis.
• It also compiles performance comparison of
  aforementioned companies and other leading
  companies in the segment based on various
  parameters in the competitive landscape section.
• In totality, the report provides detailed market
  analysis, with relevant forecasted data supported
  by key market dynamics.

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Full Report
Global Building Automation and Control Systems
Market Outlook 2022
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