The Asia Pacific Intelligent Building Automation Technologies Market would witness market growth of 9.1% CAGR during the forecast period (2019-2025). Building Automation Systems is referred to a wireless or wired network of microprocessor-based controllers connected to different systems in a building. The technology can manage the equipment and optimize energy expenditure. It operates a building's controls from a centralized point that also implies that these systems can be monitored across the building from a small number of stations. Due to factors like growing concerns about global warming, raising energy prices, and increased awareness of energy conservation, the market has seen significant growth. The growing use of renewable energy sources and consumer awareness of the protection of the environment would drive the market further.
Throughout the forecast period, the market for building automation systems in APAC is expected to grow at the highest CAGR. The expected rise is due to the explosive growth of the construction sector in emerging countries including China and India. The growth has also been associated with the government's energy conservation initiatives for building automation systems. Countries like China and India have begun to develop smart cities aggressively. BAS is a key enabler for the respective countries to achieve these goals.
Based on Solution type, the market is segmented into Hardware, Software and Services. Based on Product, the market is segmented into Facility Management, Security Systems, Building Energy Management Systems and Life Safety Systems. Based on the Application, the market is segmented into Commercial, Residential and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Intelligent Building Automation Technologies Market in Asia Pacific is expected to register a CAGR of 9.1% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include United Technologies Corporation, Honeywell International, Inc., Schneider Electric SE, Siemens AG, Johnson Controls International Plc., Ingersoll-Rand Plc., ABB Group, Azbil Corporation, Eaton Corporation Plc., General Electric (GE) Co. and Hubbell, Inc.
Market Segmentation:
By Solution Type
By Product
By Application
By Country
Companies Profiled
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