MarketsandMarkets: Global Building Automation & Control Systems Market Expected to Reach $ 82,137.06 Million by 2016By Marketsandmarkets, PRNE
Thursday, September 8, 2011
DALLAS, Texas, September 9, 2011 -
The report “Global Building Automation & Control Systems Market by Products, Applications & Technologies (2011 - 2016)” defines and segments the global lighting control, security control, access control, HVAC control, entertainment control, communication, standards and protocols, and outdoor control market with analysis and forecasting of the global revenue for all the products. It also identifies driving and restraining factors for the market with analysis of trends, opportunities, and challenges. The market segments and revenue are forecasted on the basis of major geographies such as North America, South America, Central America and Caribbean, Europe, Asia, Middle East, Africa and Oceania. Further, the market is segmented and revenue is forecasted on the basis of products, applications, and end-uses.
Browse more than 109 market data tables/figures spread through 295 pages and in-depth TOC on “Global Building Automation & Control Systems Market by Products, Applications & Technologies (2011 -2016)“.
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The increasing need of energy efficient solutions, improved security, rising venture capital funding and demand for more handiness systems have stimulated the building automation market and control systems market.
The global building automation and control systems market is estimated to grow from $41,234.62 million in 2011 to $82,137.06 million in 2016 at a CAGR of 14.8% from 2011 to 2016. The global building automation and control systems are dominated by security control market which comprised 26 % of the overall revenues in the year 2010. However, the building automation and control market for lighting controls, communication, standards and protocols is expected to grow with relatively high CAGR of 20.9%, 24.2% from 2011 to 2016 respectively.
In terms of geographies, Europe dominates the automation and control market, capturing 36% of the share in the overall market in the year 2010; which is expected to grow at a CAGR of 11.7% from 2011 to 2016. However, Asia is expected to grow with relatively high CAGR 18.6% from 2011 to 2016.
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