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Building Automation & Controls Future Market by Product Segment (Lighting control, HVAC control, Security & Access control) by 2020
Building Automation & Controls Market by Product Segment (Lighting control, HVAC control, Security & Access control), Application Vertical (Residential, Commercial, and Industrial), and Geography (North America, Europe, APAC, and ROW) – Global Forecast to 2020.
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.
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The global building automation and controls market is segmented into three categories, which include: products segment, application, and geography. The products segment includes lighting control, security & access control, and HVAC control. The application part of the report has been classified into 3 categories, which include residential, commercial, and institutional. The building automation and controls market is also mapped against geography. The market by geography is segmented on the basis of various economic regions such as North America, Europe, APAC, and ROW, of which North America accounts for the largest share.
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This report, based on the extensive research study on building automation and controls market, is aimed at identifying the major application verticals, namely the residential, commercial, and industrial sectors.
In terms of the product segment, the building automation and controls industry is classified on the basis of lighting control, HVAC control, and security & access control. The “security and access control” application vertical, which is further segmented into video surveillance and biometric systems, has been dominating the building automation & controls market as a result of the increasing security practices in buildings.
The top five prominent players in the building automation & control market are Honeywell International (U.S.), Siemens (Germany), Johnson Controls (U.S.), Schneider Electric (France), and United Technologies (U.S.). Some of the other companies that hold a lion’s share in this market include Lutron (U.S.), Bosch security systems (Germany), Control4 (U.S.), Legrand (France), and Tyco (Siwtzerland).
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Apart from the market segmentation, the report also covers the various protocols & standards used, both wired and wireless; Porter’s five force analysis; value chain with detailed process flow diagram; and market dynamics such as drivers, restraints, and opportunities for the overall building automation market as well as for the major control products.
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