The global building automation system market size is expected to grow from USD 73.5 billion in 2021 to USD 112.1 billion by 2026; it is estimated to grow at a CAGR of 8.8%

New York, March 08, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Building Automation System Market with COVID-19 Influence by Communications Technology, Offer, Demand, Division – Global Forecast to 2026” – https: //www.reportlinker.com/p05763280/?utm_source=GNW
The combination of IoT and building automation has also allowed the exchange of information among several electronic devices and the cloud without the need for direct human intervention that makes buildings smart. This factor has also accelerated the growth of the automotive real estate market.

Security and access controls to guide the building automation system market in the foreseeable future “
Security and access control systems have become an integral part of the safety and security systems of buildings and their occupants. They have changed the security of buildings and eliminated human intervention.

These systems are installed in buildings to increase the level of security, monitor people’s activity and movements, and to keep a record of people entering and leaving buildings. Many businesses use these systems to protect their assets, employees and information; monitoring activities in buildings; and controlling access to buildings.

Commercial application segment to maintain the largest size of building automation system market from 2021 to 2026
The surging use of building automation systems in large shopping malls, office buildings, and public transportation hubs, such as airports and railway stations, is driving the growth of the building automation system market for commercial controls.HVAC controls, controls lighting, and security and accessibility controls are the key systems used in commercial applications.

Of these, security and access controls have become an integral part of commercial premises as a result of emerging security concerns around the world.

North America to account for the large size of the building automation system market in 2020
North America is one of the most developed regions in the world. It is also a key market for building automation systems.

The region accounted for a large share of the building automation system market in 2020. The growing need for energy management and the growing demand for green homes has led to building automation system market growth in North America.

The North American market was surveyed for the USA, Canada, and Mexico. Government agencies in the countries of the region work together for efficient and clean production and energy use.

Analysis of primary partner accounts:
• By company type – Level 1 – 53%, Level 2 – 28%, and Level 3 – 19%
• By Specification – C Level Operators – 30%, Directors – 46%, and Others – 24%
• By region – North America – 40%, Europe – 21%, APAC – 29%, and RoW – 10%

Key market players include Johnson Controls (Ireland), Schneider Electric (France), Carrier (US), Siemens AG (Germany), and Honeywell International (US).

The building automation system market is divided into offer, communications technology, application, and segments. Based on hardware offerings, the market is divided into resource management systems, security and accessibility controls, fire protection systems, building energy management software, bass services, and others.

Based on communication technology, the market has been categorized into wired technology and wireless technology. The report covers three types of applications: commercial, industrial and residential.

The report covers four main geographic regions: North America, Europe, APAC, and RoW.

Reasons to purchase the report:
• Separation, analysis and graphical forecasting for the market based on offer, communication technology, usage, and geography to provide a complete view of the building automation system market.
• COVID-19 impact analysis was conducted to provide an in-depth insight into the building automation system market.
• Key drivers, constraints, opportunities, and challenges for the real estate automation system market are outlined in this report.
• The report includes a detailed competitive landscape, along with key players, in-depth analysis, and key player revenues.

Read the full report: https://www.reportlinker.com/p05763280/?utm_source=GNW

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