LONDON, Jan. 11, 2016 /PRNewswire/ -- The goal of this report is to provide an understanding of the market factors, state-of-the-art developments, and economic influences driving the building automation market. Attention is focused on markets for buildings larger than single family homes. Projections are provided for the total building automation market through 2020, along with estimates of the market in terms of dollar revenue for each sector alone and the cumulative totals for the market overall.
The global market for building automation systems was $90.1 billion in 2014. This market should reach $94.1 billion in 2015 and nearly $116.4 billion by 2020, registering a compound annual growth rate (CAGR) of 4.3%.
This report provides:
- An overview of the global markets and technologies for commercial building automation products.
- Analyses of global market trends, with data from 2014, 2015 and projections of compound annual growth rates (CAGRs) through 2020.
- An understanding of the market factors, state-of-the-art developments, and economic influences driving the building automation market.
- Analysis of the different components of the industry, the influence of networking technology on building automation, and the impact of the different components in various world markets.
- Information covering national and international building codes and standards, major manufacturers of building automation equipment and component systems, and the technologies involved in those systems.
- Quantification of the differences between revenues for equipment (e.g., hardware, software, networks) and for consulting services, which include such facets as design and consultation work, installation, training, commissioning, operations, and maintenance.
- Profiles of major players in the commercial building automation industry.
SCOPE OF REPORT
The building of automation systems for commercial, office, institutional, and high rise residential buildings controls a suite of component systems that include (in alphabetical order):
- BMS systems.
- Environmental controls (HVAC).
- Energy management.
- Lighting management.
- Security and access control.
This report examines technologies, markets, and factors influencing the markets for integrated control systems and systems that integrate the controls of various subsystems. Markets are forecast on the basis of historic activity and current opportunities, government initiatives and policies, and the status of the construction and renovation industries in specific nations.
The forecasts presented are for the total available markets. Some discussion is provided that compares actual revenues with market potential on various continents. Markets are broken down geographically and discussed within the context of the trends in construction activity, regulatory initiatives, and the revenue potential associated with building automation systems.
The bulk of the revenue comes from the world's three largest markets: Asia, North America, and Europe. A detailed analysis of the building automation market potential in these geopolitical economic regions is used as a basis for estimating world markets for these products. Thorough analyses are carried out of construction industry practices in the target regions, along with trends toward the uptake of building automation products and costs, associated laws, regulations, and common practices.
Identification has also been made of the prime decision-maker in the project chain who selects the type and scope of building automation configuration for a particular building project. Geographic and environmental factors influencing requirements for the systems are examined, as are national and international responses to global environmental challenges.
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