TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Commercial Building Automation Market 2014-2018.
A building automation system controls and monitors different types of mechanical and electrical equipment like ventilation, lighting, power systems, fire systems and security systems. The Global Commercial Building Automation Market is expected to grow at a CAGR of 4.33 percent by 2018.
The latest report by TechNavio focuses on the growing need for improved safety systems, which allow enterprises to avoid unwanted activities and offer a better working environment to their employees.
The report also highlights the increasing adoption of wireless commercial building automation systems aimed at enhancing enterprise productivity and reducing their overall operational cost.
“Many commercial buildings are multistory, and wireless automation systems are more suitable for such buildings, as compared to wired systems. These systems require less maintenance and offer various advantages like reduced labor cost, flexible sensor placement and lower maintenance cost over time,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
Need for Improved Safety Systems
For a full detailed list, view our report.
Market Challenges:
Lack of Effective Product Differentiation
For a full detailed list, view our report.
Market Trends:
Increased Adoption of Wireless Commercial Building Automation Systems
For a full detailed list, view our report.
Key Vendors:
Honeywell International Inc.
Johnson Controls Inc.
Schneider Electric SA
Siemens AG
Other Prominent Vendors:
Circon Systems
Delta Controls
Invensys Building Systems
Novar Controls
