South East Asia Building Automation System Markets, 2017-2020 & 2021-2027
DUBLIN, Sept. 7, 2021 /PRNewswire/ -- The "South East Asia Building Automation System Market 2021-2027" report has been added to ResearchAndMarkets.com's offering.
South East Asia Building Automation System Market is projected to grow at a CAGR of 8.1% during 2021-2027.
Rising government support in the form of initiatives and programs such as Philippines Energy Efficiency and Conservation Roadmap (2017-2040), Cambodia Energy Efficiency and Conservation Master Plan' and CAMEEL 2020 development Plan, Low Carbon Development Initiative (LCDI) 2020 and other such policies along with growing adoption of advance digital technologies such as IoT, big data analytics and artificial intelligence, would bolster the growth of the building automation systems market in the aforementioned region in the forthcoming years.
The South East Asia building automation systems market witnessed significant growth in recent past on account of the increasing construction of high-rise buildings in commercial and residential domains, due to rapid urbanization in Tier II and Tier III cities of several countries in the Southeast Asia region.
However, the spread of covid-19 led to an overall economic slowdown across the South East Asia region that had an adverse impact on the investments in the construction sector, thereby leading to declining market revenues during the year 2020.
Despite of the slowdown in 2020, market revenues are anticipated to recover from 2021 onwards on the back of resumption of economic activities, business, trade and industry which in turn would bring-in the flow of foreign investment in the construction industry of the region and thus foster the growth of building automation systems in near future.
Among all the countries, Singapore is projected to generate the highest revenues in the overall building automation systems market in the South East Asia region on account of the adoption of 3rd Green Building Master Plan which is largely focused on conserving energy and reducing greenhouse gas emission from HVAC systems, thereby increasing the efficiency of building and its operations while reducing energy cost.
Based on control technology, wired building automation systems accounted for majority of revenue share in past years across the South East Asia region owing to high consumer preference as a result of reliability, low installation and maintenance cost and ease in repairing. However, with the rising adoption of IoT platform, the market revenues of wireless technology is anticipated to grow at a faster pace in the forthcoming period.
Key Highlights of the South East Asia building automation systems market report:
- South East Asia Building Automation Systems Market Overview
- South East Asia Building Automation Systems Market Outlook
- South East Asia Building Automation Systems Market Forecast
- Historical Data and Forecast of South East Asia Building Automation Systems Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of Revenues By Products, Control Technology, Applications and Countries for the Period 2016-2026F
- Historical Data and Forecast of Revenues, By countries, for the Period 2017-2027F
- Historical Data and Forecast of Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Cambodia, Myanmar Building Automation Systems Market Revenues, By Products, Control Technology and Applications for the Period 2017-2027F
- Market Drivers and Restraints
- South East Asia Building Automation Systems Market Trends
- Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- South East Asia Building Automation Systems Market Share/Ranking, By countries
- Market Competitive Benchmarking
- Company Profiles
Key Strategic Recommendations
By Products
- HVAC control systems
- Lighting control systems
- Security & Access Control System
- Building Energy Management Services
- Fire Protection System
By Control Technology
- Wired Technology
- Wireless Technology
By Applications
- Commercial
- Industrial
- Residential
By Countries
- Singapore
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Cambodia
- Myanmar
- Rest of South East Asia
Companies Mentioned
- ABB Limited
- Azbil Corporation
- Delta Controls
- Honeywell International Inc.
- Johnson Controls International plc
- Legrand Group
- Robert Bosch (Southeast Asia) Pte Ltd
- Schneider Electric SE
- Siemens AG
- Trane Technologies plc
For more information about this report visit https://www.researchandmarkets.com/r/alx65v
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SOURCE Research and Markets
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