Global Building Automation and Controls Market is valued approximately at USD 102 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.1% over the forecast period 2020-2027. A building automation and control system (BACS) is a sort of intelligent system that includes hardware and software, lighting control, heating, ventilation, and air conditioning system (HVAC), and other systems to converse on a single platform. These systems are usually interlinked, centralized networks that can track and manage the environment in institutional, commercial, and industrial facilities. The main focus is to create an efficient and intelligent building and minimize energy and maintenance cost of the facility. The increase in the building automation and controls market is significantly imputed to the fact that the rise in government focus towards to manage and utilize high energy and operational efficiency, coupled with the surging security threat and adoption of integrated security solution Moreover, increasing usage of building automation systems, such as HVAC in homes and offices followed by a rise in the standard of living among people are the few factors responsible for the high CAGR of the market during the forecast period. According to the International Energy Agency (IEA), in 2018, the global stock of air conditioners in buildings is roughly 1.6 billion and is likely to reach around 5.6 billion by the year 2050. Similarly, more than 90% of households in the countries of the United States and Japan have air conditioning as related to 8% of the 2.8 billion people living in the hottest parts of the world in 2018. Thus, the rapid growth of the HVAC system market is insisting consumers to deploy these solutions to improve security and automated building control, making the higher growth of the overall market. However, the high initial cost and technical complications involved in implementation of these solutions are the few major factors that limiting the growth potential of the market over the forecast period of 2020-2027.

The regional analysis of the global Building Automation and Controls market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of automated solutions and technology in building and construction sector, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing demand for HVAC control, energy-efficient lighting control, along with the rise in commercial and institutional infrastructure facilities in developing countries, such as China and India, would create lucrative growth prospects for the Building Automation and Controls market across the Asia-Pacific region.

Major market player included in this report are:
Honeywell International
Beijer Electronics
ABB
Siemens AG
Johnson Controls
Schneider Electric
General Electric
Legrand
Lutron Electronics Co.
Control4 Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
HVAC Control
Lighting Control
Security & Access Control

By Offering:
Integration
Services

By End-User:
Residential
Enterprise
Industrial
Hospitality
Retail
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of the Global Building Automation and Controls Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors