Global Smart Building Automation Systems Market is Expected to Reach $154.36 Billion by 2026

GAITHERSBURG, Maryland, Aug. 26, 2019 /PRNewswire/ -- According to Stratistics MRC, the Global Systems Market is accounted for $57.83 billion in 2017 and is expected to reach $154.36 billion by 2026 growing at a CAGR of 11.5% during the forecast period.

Some of the key players in Global Smart Building Automation Systems market are Siemens AG, Robert Bosch GmbH, Honeywell International, Schneider Electric SE, Carrier Corporation, Johnson Controls, Performance Mechanical Group, Delta Controls, Trane and Novar.

Some of the key factors fueling the market are growing need for integrated security and safety systems and decreasing operational costs. However, the false notion about the installation cost, and technical difficulties and a dearth of skilled experts hampers the growth of Smart Building Automation Systems market.

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Smart Building Automation is the automatic centralized control of a building's heating, ventilation and air conditioning, lighting and other systems through a building management system or building automation system. The objectives of building automation are improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs, and improved life cycle of utilities.

Based on the Marketing Channel, Direct Marketing segment is estimated to have a lucrative growth because direct marketing is a form of communicating an offer, where organizations communicate directly to a pre-selected customer and supply a method for a direct response. Among practitioners, it is also known as direct response marketing. By contrast, advertising is of a mass-message nature.

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By Geography, Europe is constantly enhancing due to the increased initiatives by the Europe governments for building smart and intelligent structures. Moreover, in Europe initiatives to further push smart and zero energy buildings, with mandatory changes to country-level building codes and the Energy Performance of Buildings Directive.

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Products Covered:

• Security & Access Control Systems
• Lighting Control Systems
• HVAC Control Systems
• Other Products

Applications Covered:

• Industrial
• Commercial
• Residential
• Building and Home Automation
• Smart Energy and Utilities
• Smart Manufacturing
• Connected Logistics
• Smart Retail
• Smart Mobility and Transportation

Marketing Channels Covered:

• Direct Marketing
• Indirect Marketing

Regions Covered:

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• UK
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• New Zealand
• South Korea
• Rest of Asia Pacific
• South America
• Argentina
• Brazil
• Chile
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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About Stratistics MRC

We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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