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The size of the building automation and control systems (BACS) market will exceed $ 168.93 billion by 2028, says The Brainy Insights

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Growing demand for smart buildings with improved connectivity and powerful management systems to drive the growth of the building automation and control systems (BACS) market.

Newark, April 25, 2022 (GLOBE NEWSWIRE) – The global building control and automation systems (BACS) market is expected to grow from $ 59.96 billion in 2020 to $ 168.93 billion in 2020, according to the report released by The Brainy Insights. dollars by 2028, at a CAGR of 12.72% over the forecast period 2021-2028.

The increase in construction activities, the increasing use of energy and energy related regulation, together with the growing focus on sustainability, have been the main factors that have contributed to the growth of the global building control and automation systems market ( BACS).

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In addition, an increase in the adoption of automated security systems in buildings, the advancement of wireless protocols and wireless sensor network technologies for BACS, and the increasing penetration of IOT in building automation systems are key factors driving the growth of the BACS market.

Building Automation and Control System (BACS) refers to a centralized system that controls and tracks the operation of building services. Building structures that are managed and controlled by a robust BACS strive to manage the building environment more effectively and thereby reduce the building’s environmental impact and energy costs. These are centralized, interconnected networks of hardware and software that monitor and control the environment in industry, commercial and institutional structures.

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Building automation and control systems help reduce total expenditure on building repairs by giving building owners early detection of any operational problems in equipment. Helps minimize losses and inconvenience related to unexpected failures, which would further fuel demand for building automation and control systems over the expected period. However, end users and building owners hesitate to adopt BACS due to their misconception that BACS has high installation costs. This belief can hinder market growth over the forecast period.

Major players operating in the global Building Control and Automation Systems (BACS) market are Automated Logic, Beckhoff Automation, Bosch Sicherheits systeme GmbH, Delta Controls, CONTROL4, Distech Controls, Dwyer, Evon Technologies, Emerson Electric, Honeywell, Itron and Johnson Controls International among others. Key players are now focusing on implementing strategies such as the adoption of new technologies, product innovations, mergers and acquisitions, joint ventures, alliances and partnerships to improve their market position in the global BACS industry.

• In October 2018, S2 Safety (US), a leading manufacturer of centralized security and video management technologies, was acquired by United Technologies Corp. to merge with Lenel to create LenelS2, a global leader in automated access control systems and services .
• In July 2018, Siemens AG’s Building Technology business unit added new capabilities for centralized HVAC control to the Synco IC cloud platform. New features include remote meter reading for energy billing, remote monitoring of key energy performance indicators (KPIs) and remote intervention to reduce energy consumption.

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Building Management Software (BMS) segments are expected to grow at the highest CAGR of approximately 14.2% over the forecast period

The typical segment is divided into lighting management, environmental control and building management software. The Building Management System (BMS) segment is a computer-based control system implemented in buildings that manages and tracks the building’s automatic and electrical equipment such as coolers, power systems, ventilation, fire systems and protection systems. Therefore, it is expected to grow at the highest CAGR of around 14.2% over the forecast period.

The wireless communications technology segment is expected to grow at the highest CAGR over the forecast period

The communication technology segment includes wired and wireless communication technology. The use of wireless communication technologies improves the performance of automation and control systems making the system easy to use and monitor. Therefore, the wireless communications technology segment is expected to grow at the highest CAGR over the forecast period.

The commercial segment had the largest market share of approximately 26.15% and a market value of approximately $ 15.68 billion in 2020

The application segment includes IT / ITE, residential, commercial, hotel, industrial, retail and hospital. The increased installation of building automation and control systems in large shopping malls, office buildings and public transport locations, such as airports and train stations, fuels the growth of the commercial applications segment for BACS. Therefore, the commercial segment represented the largest market share of approximately 26.15% and a market value of approximately $ 15.68 billion in 2020. Major products used in industrial applications include HVAC, lighting and security systems and access control.

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Analysis of the regional segment of the Building Automation and Control Systems (BACS) market.

• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• North America (United States, Canada, Mexico)
• South America (Brazil and Rest of South America)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• Middle East and Africa (UAE, South Africa, Rest of the MEA)

Regions evaluated for the Building Automation and Control Systems (BACS) market include North America, Europe, South America, Asia Pacific, Middle East, and Africa. With many consumers opting for smart office systems due to the rise of emerging companies from developing countries such as China and India, the Asia Pacific region is expected to grow at a considerable pace of growth in the global office market. building automation and control systems (BACS) over the forecast period. In addition, the growing growth of the construction sector in developing countries such as China and India and the government’s energy saving policies have led to the development of the BACS market in APAC.

About the report:

The global building automation and control systems (BACS) market is analyzed on the basis of value (billions of dollars). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, constraints and challenges to obtain key market insights. Study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply and Demand Analysis, Competitor Position Grid Analysis, Channel Analysis distribution and marketing.

About Brainy Insights:

The Brainy Insights is a market research firm, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimating model to meet our clients’ goals of delivering high quality results in a short amount of time. We provide both custom (customer specific) and group reports. Our trade union reporting repository is diverse across all categories and subcategories in domains. Our customized solutions are tailored to meet the needs of customers, whether they are looking to expand or are planning to launch a new product in the global market.

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