Building Automation & Controls Market by Product Segment, Application Vertical, and Geography (North America, Europe, APAC, and ROW) - Trends & Global Forecasts to 2014 - 2020

News provided by

Dec 29, 2014, 01:52 ET

NEW YORK, Dec. 29, 2014 /PRNewswire/ -- The report, based on the extensive research study of the global building automation and controls market, is aimed at identifying the entire market of the building automation controls specifically lighting control, security & access control, and HVAC control. The report covers the overall market and sub-segment markets through extensively detailed classifications.

The total building automation and controls market is expected to reach $55.48 billion by 2020 at a CAGR of 9.04% from 2014 to 2020. The market in 2013 was valued at $29.78 billion.

Several initiatives and strict regulations have been implemented by the governments, which are currently on the rise as a result of the increasing cost-saving urge prevalent among the building owners. Thus, the demand for building automation has been witnessing a sharp growth. Though the concept of building automation has been in existence for a long time, it has witnessed a profound growth in the last five years. The huge demand for security and access systems, convergence of IOT and building automation, growing awareness of wireless technologies, and the developments in terms of the integration of wired and wireless technologies—will propel the market in the future.

The report deals with the global building automation and controls market; it includes products segments such as lighting control, security & access control, and HVAC control. The controls mentioned above are further segmented by type and product. For example, the security & access controls market is divided into further markets such as video surveillance and biometric systems. The application part of the report has been classified into 3 categories, namely residential, commercial, and institutional.

This report analyzes the key findings by considering the market dynamics and various industry trends that shape up this market. These dynamics are categorized under three headers; drivers, restraints, and opportunities. The market estimation and forecasting have been done using the market dynamics.

The building automation and controls market is also mapped against geography. The market by geography is segmented on the basis of the various economic regions such as North America, Europe, APAC, and ROW. The North American region holds the lion's share in the building automation & controls market, due to the tech savvy population and various government initiatives to conserve energy. Apart from the market segmentation, the report also includes critical market data such as the Porter's five force analysis and the value chain analysis.

Read the full report: http://www.reportlinker.com/p02582116-summary/view-report.html

About Reportlinker
ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/building-automation--controls-market-by-product-segment-application-vertical-and-geography-north-america-europe-apac-and-row---trends--global-forecasts-to-2014---2020-300014276.html

SOURCE Reportlinker