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(Construction.IndustryNews247.Com, October 31, 2018 ) According to Verified Market Intelligence, The Global Building Automation System market was valued at USD 42.20 Billion in 2017 and is projected to reach USD 94.04 Billion by 2025, growing at a CAGR of 10.5% from 2018 to 2025.
Building Automation System consists of a microprocessor system that is based on a connection of wired or wireless controllers to diverse systems in a building. The main aim of building automation system is to improve building structural efficiency. It is designed to monitor and control various parameters such as mechanical, HVAC, humidity, ventilation systems, security, fire, and lighting within a building or across several campuses. Building automation system market is growing due to its wide range of applications in residential, commercial and industrial premises.
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Growing popularity of Internet of Things, rising initiatives by government and private establishments, growing security concerns have been driving the global building automation system market. While high installment and maintenance cost of building automation system might hinder the overall growth at a global level.
The “Global Building Automation System Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Honeywell International Inc., Siemens AG, Johnson Controls International PLC, Schneider Electric SE, United Technologies Corp., Robert Bosch GmbH, Legrand SA, Hubbell Inc. and ABB Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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About Us:
Verified Market Research' has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. Our aim is to save your Time and Resources, providing you with the required Research Data, so you can only concentrate on Progress and Growth. Our Data includes research from various industries, along with all necessary statistics like Market Trends, or Forecasts from reliable sources.
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