Skip to main content

Building Automation System Market with COVID-19 Impact by Communication Technology

 According to a research report “Building Automation System Market with COVID-19 Impact by Communication Technology, Offering (Facility Management Systems, Security and Access Controls, and Fire Protection Systems), Application, Region — Global Forecast to 2026”, published by MarketsandMarkets, the global building automation system market size is projected 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% during the forecast period. The growth of the building automation system market is fueled by the increasing requirement of energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing building automation systems in the existing buildings.

Browse 209 market data Tables and 53 Figures spread through 233 Pages and in-depth TOC on “Building Automation System Market — Global Forecast to 2026”

View detailed Table of Content here — https://www.marketsandmarkets.com/Market-Reports/building-automation-control-systems-market-408.html



[233 Pages Report] The global building automation system market size is projected 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% during the forecast period. The growth of the building automation system market is fueled by the increasing requirement of energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing building automation systems in the existing buildings.

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 Impact on the Building Automation System Market

Before COVID-19, real estate investments generated stable cash flow and returns for players operating in this sector globally. However, the outbreak and the spread of the COVID-19 led to quick changes in this scenario, with the real estate sector witnessing significant impact of the virus. The real sector in the US, Europe, and APAC has been impacted significantly by the pandemic. This has affected the growth of the building automation system market as these geographies are the largest consumers of building automation systems.

BUY FULL REPORT

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Comments

Post a Comment

Popular posts from this blog

Plug Power and Cummins Recognized as the Market Leader, Bloom Energy as an Innovator, and Topsoe as an Emerging Company in the “Top 12 Electrolyzer Manufacturers, Worldwide 2023” by MarketsandMarkets 360 Quadrant

  Electrolyzers, pivotal components in the production of green hydrogen, have become a central focus for Manufacturers navigating the transition towards sustainable energy solutions. As the demand for clean and renewable energy intensifies, the electrolyzer market is rapidly evolving, shaped by key players in the industry. In this dynamic scenario, MarketsandMarkets 360 Quadrant has identified the "Top 12 Electrolyzer Manufacturers, Worldwide 2023," recognizing the expertise of industry leaders such as Plug Power, Cummins, Bloom Energy, and Topsoe. The 360 Quadrant maps the Electrolyzer Manufacturers based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Electrolyzer quadrant. While the top criteria for product footprint evaluation included Technologies (Alkaline Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis, Anion Exchange Membrane), Application (Energy, Mobil...
Post a Comment
Read more

Top 20 Personal Care Ingredients Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant Revealed

  MarketsandMarkets has released 360 Quadrant for  Top 20 Personal Care Ingredients Companies , Worldwide 2023 to help businesses make quicker and more informed decisions. Companies' market presence and product footprint are used to build quadrants, which will be revised annually. At a projected CAGR of 4.0% between 2022 and 2027, the market for ingredients used in personal care products will grow from an estimated USD 11,796.0 million in 2021 to USD 14,897.0 million by 2027. The rising population in developing nations like China, India, Indonesia, Malaysia, Brazil, and South Africa is the main factor driving the growth of the personal care ingredients market. Because customers are becoming more conscious of their personal cleanliness and health, there is a rising demand for components used in personal care products. The rising demand for compounds including antiaging agents, exfoliators, ultraviolet (UV) agents, moisturizers, antioxidants, and antimicrobials is another factor...
Post a Comment
Read more

Mitsubishi Heavy Industries, Linde, TotalEnergies, and Eni Recognized as Leaders in the “Top 17 CCUS Companies, Worldwide 2023” by MarketsandMarkets 360 Quadrant

  MarketsandMarkets unveiled 360 Quadrant for the "Top 17 CCUS Companies, Worldwide 2023," classifying industry players Mitsubishi Heavy Industries, Linde, TotalEnergies, and Eni into distinct categories that reflect their exceptional contributions to the CCUS arena. These four companies have solidified their positions in the CCUS quadrant through their substantial contributions to the field. Their relentless efforts in reducing carbon emissions, advancing CCUS technology, and fostering sustainability have earned them recognition in this exclusive quadrant. Their track record of innovation and dedication to environmental goals have positioned them as leaders in the CCUS landscape. CCUS is a promising technology for significantly reducing carbon dioxide (CO2) emissions from large stationary sources such as industrial plants and power generation facilities. By capturing CO2 at the source before it enters the atmosphere, transporting it via ships, trucks or pipelines, and inject...
Post a Comment
Read more