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Building Automation System Market Is Expected To Grow At A Cagr Of 9%-11%
Lucintel's latest market report analyzed that building automation system provides attractive opportunities in the residential, commercial, and industrial sectors. The building automation system market is expected to grow at a CAGR of 9%-11%. In this market, wireless technology is the largest segment by communication technology, whereas commercial is largest by application.
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Based on communication technology, the building automation system market is segmented into wired technology [zigbee, enocean, Z–wave, Wi-Fi, bluetooth, thread, and infrared], and wireless technology [digital addressable lighting interface (DALI), KNX, lonworks, building automation and control network (BACNET), and Zmodbus]. The wireless technology segment accounted for the largest share of the market in 2020 due to growth of wireless sensor network technology and wireless protocols for building automation system.
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The building automation system market is marked by the presence of several big and small players. Some of the prominent players offering building automation system include Johnson Controls International, Schneider Electric, Honeywell International, United Technologies Corp., Siemens, Robert Bosch, Legrand, Hubbell, ABB, Ingersoll-Rand, Lutron Electronics, Crestron Electronics, BuildingIQ, Hitachi, Ltd., Delta Controls, Beckhoff Automation GmbH, Lennox International, General Electric.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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