#India Building Automation and Control System (BACS) Market
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India Building Automation and Control System (BACS) Market Outlook, Analysis, 2022-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the India building automation and control system (BACS) market to grow at a CAGR of 11.14% during the forecast period between 2023 and 2029. The building automation and control system market in India is expanding significantly, and trends are changing. The growing use of smart technology and the Internet of Things (IoT) in building automation systems is one noticeable trend. To maximize energy efficiency and raise occupant comfort, this also contains innovative sensors, energy management options, and integrated control systems. The increasing demand for intelligent building management systems that provide centralized monitoring and control of many building processes is another significant trend. There is also a growing emphasis on environmentally friendly and sustainable construction, which is propelling the adoption of BACS solutions to lower energy use and carbon emissions. Due to the continuous digital transformation and the focus on energy efficiency in the construction industry, the market is expected to rise steadily.
India Building Automation and Control System (BACS) Market – Overview
A networked system of integrated technologies and devices called a Building Automation and Control System (BACS) is used to manage and control numerous building systems and functions. It includes the automation and supervision of critical operations including lighting, security, heating, ventilation, and air conditioning (HVAC), as well as other building services. BACS collects data, helps make informed decisions, and optimizes energy use, comfort, and operational efficiency through the use of sensors, actuators, controllers, and communication protocols. BACS facilitates streamlined management, improved occupant comfort, and decreased energy usage by centralizing control and providing real-time feedback, supporting sustainable and economical building operations.
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Impact of COVID-19 on India Building Automation and Control System (BACS) Market
The COVID-19 pandemic significantly impacted India building automation and control systems market. With the widespread implementation of safety protocols and the need for social distancing, BACS played a crucial role in optimizing building operations for increased hygiene and occupant safety. Building owners and managers have prioritized the integration of touchless technologies, such as automated entry systems, contactless access controls, and voice-activated devices, reducing the risk of virus transmission. Also, BACS has been used to enhance indoor air quality through improved ventilation and filtration systems. Remote monitoring and control capabilities have become essential, allowing facility managers to maintain operations while minimizing physical contact. The pandemic has accelerated the adoption of BACS and highlighted its importance in creating healthier and safer environments.
India Building Automation and Control System (BACS) Market – By Technology
On the basis of technology, India building automation and control system (BACS) market is split into Wired and Wireless segments. These segments define the different methods used to connect and control various building automation components. While both segments play a crucial role in the industry, the Wireless segment stands out as the larger one. Wireless systems offer significant advantages, such as flexibility, scalability, and ease of installation, making them increasingly popular in the Indian market. With advancements in technology and the growing demand for smart buildings, the wireless segment continues to expand, driving innovations, and shaping the future of building automation in India.
Competitive Landscape
India building automation and control system (BACS) market is fiercely competitive. Major companies in the market include ABB, Beijer Electronics, Control4 Corporation, General Electric Company, Honeywell International Inc., Hubbell Incorporated, Johnson Controls International, Legrand SA, Schneider Electric SE, and Siemens AG. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in India building automation and control system (BACS) market.
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Building Automation & Control Systems (BACS) market
Surge in Demand for Energy-Efficient Systems in various buildings is expected to fuel the growth of the market.
Market Size – USD 69.44 billion in 2018, Market Growth - CAGR of 7.7%, Market Trends – Mounting Demand for the automating the Security Systems in Buildings.
The global Building Automation & Control Systems (BACS) market is expected to reach USD 129.41 billion by 2026, according to a new report by Reports and Data. A rise in demand for smart buildings with better connectivity and efficient management systems to reduce utility costs and enhance the security and access system of the buildings such as residential building, shopping malls, etc. have created an escalating demand for Building Automation & Control Systems (BACS) across the globe.
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Initiatives taken by Governments to build smart building is further pushing the growth of Building Automation & Control Systems (BACS) market. On July, 2107, Public Services and Procurement Canada (PSPC) in an announcement said that they would be deploying the Smart Buildings initiative in around 100 buildings across Canada through a phased tactic over the subsequent three years.
The announcement is the result of the success of pilot project that comprised 13 buildings in the National Capital Region of Ottawa-Gatineau. The Smart Buildings technology that was deployed resulted in energy savings of up to 17 per cent, which interprets into $1 million per year.
Requirement of high cost in the implementation of Building Automation & Control Systems (BACS) may create hindrances in the growth of the market.
The market in Asia Pacific region is projected to grow at the highest CAGR of 7.9% in the forecast period. Proliferation of IoT technology in the region along with a rise in the level of disposable income coupled with the various government initiatives and funding to build smart cities and smart buildings are the main reasons driving the growth of the market in this region.
Further key findings from the report suggest
Energy management systems would hold the largest market share and witness the growth rate of CAGR 7.7% during the forecast period as unnecessary wastage of energy is being translated into increased expenses on energy which would be optimally managed with the implementation of Building Automation & Control Systems (BACS). Also, governments all over the world are putting in consistent efforts to find alternative ways to generate energy as in present situation energy is being generated from natural resources that would soon be depleted.
Wireless technology for establishing communication in Building Automation & Control Systems (BACS) in connected buildings is estimated to experience the highest growth rate of CAGR 7.85% during the forecast period. The use of wireless communication technology enhances the efficiency of automation and control systems by enabling ease of operation and control of the system.
The region of North America would contribute to the largest market share growing with a CAGR 7.8% during the forecast period. A rise in renovation as compared to new construction of buildings in US is responsible for the demand of automation and control system in the buildings. With rise in pollution, the need to have clean and purified air is also driving the market growth.
A rise in investment in HVAC systems to reduce energy consumption in existing buildings will further boost the market growth.
Key participants include Siemens AG, Johnson Controls International PLC, Honeywell International Inc., Schneider Electric SE, Robert Bosch GmBH, Legrand SA, United Technologies Corporation, ABB Ltd., Hubble Inc. and LutronElectronics Co. Inc.
Siemens AG, a key company in the market offers Desigo, an advanced building automation and control system, for converting traditional buildings into smart buildings.
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For the purpose of this report, Reports and Data have segmented global Building Automation & Control Systems (BACS) Market on the basis of product, communication technology, application and region:
Product Outlook (Revenue, USD Billion; 2018-2026)
Electronic Security & Safety
Access Control
Energy Management System
Fire & Line Safety
Heating, Ventilation & Air-Conditioning
Others
Communication Technology Outlook (Revenue, USD Billion; 2018-2026)
Wired
Wireless
Application Outlook (Revenue, USD Billion; 2018-2026)
Government
Hospital
Commercial
Industrial
Institutional
Retail
IT/ITES
Residential
Regional Outlook (Revenue, USD Billion; 2018-2026)
• North America
o U.S.
• Europe
o Germany
o UK
• Asia Pacific
o China
o India
• Latin America
o Brazil
• MEA
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/building-automation-and-control-systems-bacs-market
Table Of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2016-2026
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global deployment of Building Automation & Control Systems (BACS)
3.1.2. Global Building Automation & Control Systems (BACS) by product type
3.1.3. Region-wise deployment of Building Automation & Control Systems (BACS) by application
Chapter 4. Building Automation & Control Systems (BACS) Market Segmentation & Impact Analysis
4.1. Building Automation & Control Systems (BACS) Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Building Automation & Control Systems (BACS) Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Surge in Demand for Energy-Efficient Systems in various Buildings
4.4.1.2. Implementation of IoT in Building Automation and Control System
4.4.1.3. Rising Demand for Smart Buildings
4.4.1.4. Mounting Demand for automating the Security Systems in Buildings
4.4.2. Market restraint analysis
4.4.2.1. Cost-Intensive deployment of Building Automation & Control Systems (BACS)
4.4.3. Key opportunities prioritized
4.4.3.1. Encouraging Government Funding & Initiatives
Continue…
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Global Building Automation and Control Systems Market - Global Demand, Sales, Consumption and Forecasts to 2020-2025
A new market study, “Global Building Automation and Control Systems Market - Global Demand, Sales, Consumption and Forecasts to 2020-2025” has been featured on WiseGuyReports.
According to Stratistics MRC, the Global Building Automation and Control Systems Market is expected to grow at a CAGR of 11.2% during the forecast period. Increasing demand for intelligent buildings, rising emphasis on reducing utility costs and growing security concerns for buildings, growing concerns regarding greenhouse gas emissions and increasing electricity demand supply gap are some of the key driving factors for the market growth. However, faulty connections and loss of connection with the BAS are inhibiting the growth of the market.
Building Automation and Control System (BACS) refers to centralized systems that monitor, control, and verification the functions of building services systems. There is growing go beyond between the concepts of BACS and the need to learn from the accumulated data to operate buildings more efficiently. Increasingly this includes technologies such as the internet of things to become smart buildings.
Depending on type, building management software (BMS) is expected to be the fastest growing segment in the product category over the forecast period. It is a computer-based control system installed in buildings that controls and monitors the building's automatic and electrical tools such as freshening, lighting, power systems, fire systems, and safety systems. By geography, Asia Pacific is likely to hold the largest market share due to the growth in emerging businesses in developing countries such as China, and India with many clients opting for smart office systems.
Also Read : https://www.abnewswire.com/pressreleases/building-automation-and-control-systems-market-2020-global-analysis-opportunities-and-forecast-to-2026_475218.html
Some of the key players profiled in the Building Automation and Control Systems Market include ABB, Automated Logic, Beckhoff Automation, Bosch Sicherheitssysteme GmbH, CONTROL4, DELTA CONTROLS, Distech Controls, Dwyer, Emerson Electric, Evon Technologies, Honeywell, Itron, Johnson Controls International, Legrand, Lutron, Schneider Electric and Siemens.
Products Covered:
• Access Control
• Electronic Security and Safety
• Energy Management Systems
• Fire and Life Safety
• Heating, Ventilation & Air Conditioning
• Other Products
Communication Technologies Covered:
• Wireless
• Wired
Types Covered:
• Lighting Management
• Environmental Control
• Building Management Software
Applications Covered:
• Commercial
• Government
• Hospitality
• Industrial
• Institutional
• IT/ITEs
• Residential
• Retail
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3679633-building-automation-and-control-systems-global-market-outlook-2017-2026
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
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Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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Global Food Service Restaurant Market Systems - Industry Analysis, Size, Share, Growth, Trends and Forecast - 2026
Summary - A new market study, titled Global Food Service Restaurant Market and Opportunities 2020 - 2026 “ has been featured on WiseGuyReports.
This report focuses on the global Food Service Restaurant status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Service Restaurant development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
McDonald's
Yum! Brands
Subway
Seven & I
Burger King
Starbucks
Chipotle Mexican Grill
Dunkin' Donuts
Sonic Drive-In
Papa John's
Dairy Queen
Little Caesars
China Quanjude
Market segment by Type, the product can be split into
Full Service Restaurants
Quick service restaurant
Café and Bars
100% Home Delivery
Market segment by Application, split into
Independent Service Providers
Chained Service Providers
ALSO READ: https://www.einpresswire.com/article/523125598/food-service-restaurant-market-2020-covid-19-impact-on-global-status-by-players-types-applications-forecast-to-2026
The study objectives of this report are:
To analyze global Food Service Restaurant status, future forecast, growth opportunity, key market and key players.
To present the Food Service Restaurant development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Food Service Restaurant are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
MORE DETAILS: https://www.wiseguyreports.com/reports/5049208-global-building-automation-control-systems-bacs-market-size
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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Global Building Automation & Control Systems Research - Global Demand, Sales, Consumption and Forecasts to 2026
Summary - A new market study, titled Global Building Automation & Control Systems and Opportunities 2020 - 2026 “ has been featured on WiseGuyReports.
This report focuses on the global Building Automation & Control Systems (BACS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Building Automation & Control Systems (BACS) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Automated Logic
Honeywell
Johnson Controls
Schneider Electric
...
Market segment by Type, the product can be split into
Wired
Wireless
Market segment by Application, split into
IT/ITEs
Residential
Commercial
Hospitality
Industrial
Retail
Hospital
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
ALSO READ: https://www.einpresswire.com/article/523124881/building-automation-control-systems-bacs-market-research-report-information-by-technology-forecast-till-2020-2026/
The study objectives of this report are:
To analyze global Building Automation & Control Systems (BACS) status, future forecast, growth opportunity, key market and key players.
To present the Building Automation & Control Systems (BACS) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Building Automation & Control Systems (BACS) are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
MORE DETAILS: https://www.wiseguyreports.com/reports/5049208-global-building-automation-control-systems-bacs-market-size
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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Global Building Automation & Control Systems Market - Growth Drivers, Opportunities and Forecast Analysis to 2026
Summary - A new market study, titled “Global Building Automation & Control Systems Market Trends and Opportunities 2020 - 2026 “has been featured on WiseGuyReports.
This report focuses on the global Building Automation & Control Systems (BACS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Building Automation & Control Systems (BACS) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Automated Logic
Honeywell
Johnson Controls
Schneider Electric
...
Market segment by Type, the product can be split into
Wired
Wireless
Market segment by Application, split into
IT/ITEs
Residential
Commercial
Hospitality
Industrial
Retail
Hospital
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
ALSO READ: https://www.einpresswire.com/article/523124881/building-automation-control-systems-bacs-market-research-report-information-by-technology-forecast-till-2020-2026
The study objectives of this report are:
To analyze global Building Automation & Control Systems (BACS) status, future forecast, growth opportunity, key market and key players.
To present the Building Automation & Control Systems (BACS) development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of Building Automation & Control Systems (BACS) are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
...MORE DETAILS: https://www.wiseguyreports.com/reports/5049024-global-healthcare-satellite-connectivity-market-size-status-and-forecast-2020-2026
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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