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Building Automation & Control Systems (BACS) Market

Building Automation & Control Systems (BACS) Market Size by Type (Lighting Management, Environmental Control and Building Management Software), Communication Technology (Wireless, Wired), Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12541
  • Published Date: Oct, 2021
  • Pages: 223
  • Category: Information Technology & Semiconductors
  • Format: PDF
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Global building automation & control systems (BACS) market is anticipated to reach USD 168.93 billion by 2028, at a CAGR of 12.72% from 2021 to 2028. Increasing demand for smart buildings with better connectivity and powerful management systems to minimize utility costs and improve building security and access systems such as shopping centers, residential buildings, etc. has generated an increasing demand for building automation and control systems (BACS) worldwide, which is expected to fuel building automation and control systems (BACS) market over the forecast period.

Market Overview:

Building Automation and Control System (BACS) refers to centralized systems track, manage and record the operations of the building services systems. Building facilities which are managed and operated by a robust BACS strive to ensure a more efficient building atmosphere and therefore reduce the environmental impact and energy costs of the building. They are interlinked, centralized, hardware and software networks that track and manage the environment within industrial, commercial, and institutional facilities. The automation system maintains the facilities' operating efficiency as well as the safety and comfort of building inhabitants while controlling multiple building systems. A BACS system's core functions involve maintaining control of the environment of the building, running systems according to occupancy and energy demand, tracking and correcting system performance and controlling sound alerts as needed. These systems are usually implemented in new buildings or as part of a restoration where they substitute an outdated control system. BACS-controllable systems provide electrical systems, mechanical systems, heating, ventilation and air conditioning (HVAC), alarms, lifts, lighting control, security and surveillance. A building automation and control system is a computerized interface that controls the components that support the heating, cooling, lighting, fire, flood, and other vital systems that play a role in maintaining the building completely functioning. The building automation system ensures the effective functioning of the building and the harmonious operations of interlinked components within it by monitoring a structures’ systems, minimizing the building's operational costs and eliminating loss of energy and resources. The building automation and control system also has the ability to detect any technical problems or inefficiencies within the network, and will alert the management or owner of the building upon recognition of any system component’s functional defect or failure. Building automation systems are capable of detecting where a failure occurs within a network, so that the problem is recognized, responded to and resolved promptly, resulting in reduced costs of repair and maintenance, and interruption of the building operations.

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Market Dynamics:

Drivers:
  • High emphasis on the design and development of environment friendly and energy-efficient buildings

The building industry is one of the main sectors which consume energy and typically accounts for over one-third of overall energy use worldwide. This also forms an extremely significant reason behind carbon dioxide emissions. Consequently, saving energy and fair usage are important. Energy consumption of buildings accounts for as much as 80 percent of overall energy usage in particular regions that are heavily dependent on conventional biomass, according to the International Energy Agency (IEA). Building automation and control systems aim to automate HVAC and lighting systems, saving between 5 to 30 per cent of the building's total energy usage. Thus, it enhances the BACS market growth.

  • Rising emphasis on reducing costs

Building automation and control systems helps minimize the potential expense of building maintenance by providing, if any, early detection to building operators of operational problems in the equipment. It helps reduce inconvenience and loss due to unforeseen breakdowns.These factors will further boost the building automation and control systems market over the forecast period.

Restraints:
  • False idea of building automation and control systems’ installation costs

BACS helps to conserve resources and reduce the maintenance and operational costs. Nonetheless, end users and building owners are hesitant to adopt BACS because of their misguided belief that BACS has the large installation costs. They are often unaware that the expense depends largely on the complexity of the integration that pertains to a particular application. Perception of BACS' high cost and lack of understanding of its advantages as a long-term cost reduction will hinder the global acceptance and growth of the BACS market.

Opportunities:
  • Strict policies and regulations implemented by government bodies

Strict policies and regulations enforced by government bodies to improve the rising cost-saving demand of building owners have further driven market growth. In fact, many governments play an important role in energy conservation and support initiatives to reduce carbon emissions. Many governments have developed policies and regulations to enhance the energy efficiency and reduce the footprint of a building. This is a significant factor which encourages BACS to be installed.

Challenges:
  • Existence of multiple communication protocols

The strength of BACS resides in communication and alignment of specific tools utilized in the overall system. Communication protocols have a significant part in ensuring that different devices and equipment are correctly configured for the efficient operation of BACS. Though the dearth of common open communication protocols may result in the usage of different protocols by such devices. It limits communication between various devices and hinders BACS's effortless functionality because all protocols may not be compatible to each other directly. This is a challenging factor for the BACS market.

Segmentation Analysis:

The global building automation & control systems (BACS) market has been segmented based on type, communication technology, application and regions.

  • The product type segment is divided into lighting management, environmental control and building management software. The building management software (BMS) segment is anticipated to grow at the highest CAGR of around 14.2% over the forecast period. It is because it is a computer-based control system installed in buildings that controls and monitors the building's automatic and electrical equipment such as freshening, power systems, ventilation, fire systems, and protection systems.
  • The communication technology segment includes wired and wireless communication technology. The wireless communication technology segment is anticipated to grow at the highest CAGR during the forecast period as the usage of wireless communication technologies increases the efficiency of the automation and control systems by facilitating system operation and control.
  • The application segment includes IT/ITEs, commercial, residential, industrial, hospitality, retail and hospital. The commercial segment accounted for the largest market share of around 26.15% in 2020.This is attributed to the expanded installation of building automation and control systems in large retail malls, office buildings, and public transport locations, such as airports and railway stations, pushing the growth of BACS market for commercial applications.
Regional Segmentation Analysis:

The regions evaluated for the BACS market include North America, South America, Asia Pacific, Europe and the Middle East and Africa. The North America region emerged as the largest market for the building automation & control systems (BACS) market with around 38.23% share of the market revenue in 2020.

  • The demand for automation and control systems in buildings was due to a increase in reconstruction compared to new construction in the US. The need to get filtered and clean air also fuels market growth with the rise in pollution.
  • The Asia Pacific region is anticipated to grow at a considerable growth rate in the global building automation & control systems (BACS) market over the forecast time period. It has been due to the rise of the construction industry in emerging countries including India and China and the government's energy saving initiatives that resulted to the growth of the BACS market in APAC. Countries like India and China have been actively building smart cities. The BACS serves as a crucial enabler for the respective countries to meet these objectives.

North America Building Automation & Control Systems (BACS) Market Share in 2020 - 38.23%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies like adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global BACS industry.

In June 2018, Honeywell International (US) launched Honeywell Vector Space Sense an IoT-enabled software solution which displays when, how and where building spaces are utilized at any given point in time. It helps overcome space constraints in the building by capturing and processing data from different sources.As a consequence, it offers actionable insights to optimize empty spaces and make the maximum use possible. It also assists facility managers to track and adjust the fan's temperature and speed in the building, leading to reduced use of electricity.

In June 2018, The United Technologies launched next generation touchscreen displays for the i-Vu building automation system to assist building operators control their ventilation, heating and air conditioning (HVAC) equipment better.

List of Key Market Players:

  • Automated Logic
  • Beckhoff Automation
  • Bosch Sicherheitssysteme GmbH
  • CONTROL4
  • Delta Controls
  • Distech Controls
  • Dwyer
  • Emerson Electric
  • Evon Technologies
  • Honeywell
  • Itron
  • Johnson Controls International

Key Target Audience

  • Real Estate
  • Software Vendors
  • Suppliers and Distributors
  • Technology Providers
  • Potential Investors
  • Research and Consulting Firms
  • Cloud and Network Service Providers

Report Description

  • Global Building Automation & Control Systems (BACS) Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global building automation & control systems (BACS) market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global building automation & control systems (BACS) market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of building automation & control systems (BACS) and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global building automation & control systems (BACS) market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global building automation & control systems (BACS) market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global building automation & control systems (BACS) market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the building automation & control systems (BACS) market was valued at USD 59.96 billion in 2020 and is anticipated to reach USD 168.93 billion by 2028.

Global building automation & control systems (BACS)market is growing at a CAGR of 12.72% during the forecast period 2021-2028.

The global building automation & control systems (BACS) market has been segmented based on type, communication technology, application and regions. The commercial segment accounted for the largest market share in 2020.

The Asia Pacific region emerged as the largest market for the building automation & control systems (BACS).

High focus on designing and establishing energy-efficient and eco-friendly building is the key driving factor for the building automation & control systems (BACS)market.

False notion about installation cost of building automation and control systems may hamper the market growth.

Stringent policies and regulation imposed by government bodies will provide huge opportunities to the market.

Key players are Automated Logic, Beckhoff Automation, Bosch Sicherheitssysteme GmbH, CONTROL4, Delta Controls, Distech Controls, Dwyer

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Communication Technology
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. High focus on designing and establishing energy-efficient and eco-friendly buildings
          5.2.2. Rising emphasis on reducing costs
    5.3. Restraints
          5.3.1. False notion about installation cost of building automation and control systems
    5.4. Opportunities
          5.4.1. Stringent policies and regulation imposed by government bodies
    5.5. Challenges
          5.5.1. Presence of different communication protocols

6. Global Building Automation & Control Systems (BACS) Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Lighting Management
    6.3. Environmental Control
    6.4. Building Management Software

7. Global Building Automation & Control Systems (BACS) Market Analysis and Forecast, By Communication Technology
    7.1. Segment Overview
    7.2. Wired
    7.3. Wireless

8. Global Building Automation & Control Systems (BACS) Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. IT/ITEs
    8.3. Residential
    8.4. Commercial
    8.5. Hospitality
    8.6. Industrial
    8.7. Retail
    8.8. Hospital

9. Global Building Automation & Control Systems (BACS) MarketAnalysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Building Automation & Control Systems (BACS) Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in GlobalBuilding Automation & Control Systems (BACS) Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Automated Logic
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Beckhoff Automation
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Bosch Sicherheitssysteme GmbH
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. CONTROL4
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Delta Controls
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Distech Controls
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Dwyer
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Emerson Electric
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Evon Technologies
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Honeywell
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Itron
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis

List of Table

1. Global Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

2. Global Lighting Management, Building Automation & Control Systems (BACS)Market, By Region, 2018 & 2028  (USD Billion)

3. Global Environmental Control, Building Automation & Control Systems (BACS)Market, By Region, 2018 & 2028  (USD Billion)

4. Global Building Management Software, Building Automation & Control Systems (BACS)Market, By Region, 2018 & 2028  (USD Billion)

5. Global Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

6. Global Wired, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

7. Global Wireless, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

8. Global Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

9. Global IT/ITEs, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

10. Global Residential, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

11. Global Commercial, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

12. Global Hospitality, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

13. Global Industrial, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

14. Global Retail, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

15. Global Hospital, Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

16. Global Building Automation & Control Systems (BACS) Market, By Region, 2018 & 2028  (USD Billion)

17. Global Building Automation & Control Systems (BACS) Market, By North America, 2018 & 2028  (USD Billion)

18. North America Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

19. North America Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

20. North America Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

21. U.S. Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

22. U.S. Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

23. U.S. Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

24. Canada Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

25. Canada Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

26. Canada Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

27. Mexico Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

28. Mexico Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

29. Mexico Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

30. Europe Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

31. Europe Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

32. Europe Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

33. Germany Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

34. Germany Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

35. Germany Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

36. France Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

37. France Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

38. France Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

39. U.K. Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

40. U.K. Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

41. U.K. Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

42. Italy Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

43. Italy Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

44. Italy Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

45. Spain Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

46. Spain Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

47. Spain Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

48. Asia Pacific Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

49. Asia Pacific Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

50. Asia Pacific Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

51. Japan Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

52. Japan Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

53. Japan Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

54. China Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

55. China Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

56. China Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

57. India Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

58. India Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

59. India Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

60. South America Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

61. South America Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

62. South America Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

63. Brazil Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

64. Brazil Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

65. Brazil Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

66. Middle East and Africa Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

67. Middle East and Africa Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

68. Middle East Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

69. UAE Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

70. UAE Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

71. UAE Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

72. South Africa Building Automation & Control Systems (BACS) Market, By Type, 2018 & 2028  (USD Billion)

73. South Africa Building Automation & Control Systems (BACS) Market, By Communication Technology, 2018 & 2028  (USD Billion)

74. South Africa Building Automation & Control Systems (BACS) Market, By Application, 2018 & 2028  (USD Billion)

List of Figures 

1. Global Building Automation & Control Systems (BACS) Market Segmentation

2. Building Automation & Control Systems (BACS) Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Building Automation & Control Systems (BACS) Market Attractiveness Analysis By Type

9. Global Building Automation & Control Systems (BACS) Market Attractiveness Analysis By Communication Technology

10. Global Building Automation & Control Systems (BACS) Market Attractiveness Analysis By Application

11. Global Building Automation & Control Systems (BACS) Market Attractiveness Analysis By Region

12. Global Building Automation & Control Systems (BACS) Market: Dynamics

13. Global Building Automation & Control Systems (BACS) Market Share By Type(2021 & 2028)

14. Global Building Automation & Control Systems (BACS) Market Share by Communication Technology(2020 & 2028  )

15. Global Building Automation & Control Systems (BACS) Market Share by Application(2021 & 2028)

16. Global Building Automation & Control Systems (BACS) Market Share by Regions (2021 & 2028  )

17. Global Building Automation & Control Systems (BACS) Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global building automation & control systems (BACS)market on the basis of below mentioned segments:

Global Building Automation & Control Systems (BACS) Market by Type:

  • Lighting Management
  • Environmental Control
  • Building Management Software

Global Building Automation & Control Systems (BACS) Market by Communication Technology:

  • Wired
  • Wireless

Global Building Automation & Control Systems (BACS) Market by Application:

  • IT/ITEs
  • Residential
  • Commercial
  • Hospitality
  • Industrial
  • Retail
  • Hospital

Global Building Automation & Control Systems (BACS) Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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