Portland, OR -- (SBWire) -- 10/17/2017 --recent report published by Progressive Markets, titled, "Global Building Automation and Control Market- Size, Trend, Share, Opportunity Analysis & Forecast 2014-2025", the industry is expected to register a CAGR of 11.7% during the period, 2017–2025. The research offers a comprehensive evaluation of market dynamics which includes drivers as well as restraints.
The study gives a brief introduction of the global building automation and control market in terms of scope and research methodology. It divides the industry into types, applications, and geographies. Based on type, the report segments the market into institutional, commercial, and residential. It classifies the industry on the basis of application into HVAC control, security & access control, and lighting control. Geographically, the research categorizes the market into Asia-Pacific, Europe, Latin America Middle East & Africa (LAMEA), and North America.
The research discusses leading market players of the global building automation and control market. These include ABB, Honeywell International Inc., Johnson Controls, Inc., Siemens AG, and Robert Bosch GmbH. The experts assess each vendor based on different strategies adopted by them in order to keep themselves updated about evolvement in market trends. These strategies include collaboration, product development, acquisition, and product approval. Further, they business & finance segments and recent development. They also offer an overview of every top vendor.
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The experts explore various factors that continue to influence the global building automation and control market. These aspects may fuel growth of the industry, such as increase in cognizance of novel wireless technologies is anticipated to spur the market growth in the future. Alternative aspect that drives the industry includes strict imposition of regulations and policies by government bodies. This would lead to addition of increased cost-saving demand by the building owners which fuels the market growth. Further, they describe factors that cause slow progress of the market. This includes high cost of investment during the initial years is presently the main drawback of the market. The research offers numerous key takeaways to the manufacturers, stakeholders, and new entrants, such as it provides great competitive edge to them. These are comprehensive evaluation of aspects that are have potential to restrict or drive the industry. The analysts explore competitive scenario which helps them to understand the present rivalry within the geographical locations. Further, they assess the opportunities that prevail within these regional distributions. An in-depth assessment of developments in the market aids vendors and new entrepreneurs to understand the industry behavior. The research thoroughly follows the status of the products and also provides a substantial examination of top producers of the market framework.
The abovementioned regions are further classified, such as the North America region, countries explored are Canada, U.S., and Mexico. In the Europe, nations discussed are France, U.K., Germany, Italy, and Spain. In the Asia-Pacific region, nations assessed are Japan, China, India, South Korea, and Australia. The LAMEA countries included are Saudi Arabia, Brazil, and South Africa. The report assesses market share of global automation and control market by type, application, and geography, for the period, 2014–2025. It evaluates industry size of each type and application by regions during the historic period as well as forecast period, 2014–2016 and 2017–2025. In addition, it examines market size of all the geographical boundaries for the historic period and forecast period.
The study illustrates the abovementioned parameters of the global building automation and control market through tables and figures. For instance, there are table that depict market value of each type and application by region for the forecast period. There a few tables that show market share by geographies, types, and applications during the historic period. It depicts the same characteristics through figures.
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Building Automation and Control Market - Size, Trend, Share, Opportunity Analysis and Forecast 2017
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