Global Building Automation System Market Anticipated to Grow at a CAGR of 9.9% during the Forecast Period, 2020-2027 – Exclusive Report [218 pages] by…

NEW YORK, April 21, 2021 /PRNewswire/ -- Research Dive has published a report titled "Building Automation System Market by Component, Application, Offerings, and Regional Analysis: Global Opportunity Analysis and Industry Forecast, 20202027".

The Global Building Automation System Marketis anticipated to garner a revenue of $142,257.3 million by 2027 at a CAGR of 9.9% during the forecast period.

Regional Outlook

North America regional market of building automation system accounted $24,009.1 million in 2019 and is further projected to grow at a CAGR of 9.1%. The main attributor behind this growth is the presence of the major industry players in various countries across the region.

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Highlights of the Report

The report has divided the market into different segments based on component, application, offerings, and regional outlook.

Dynamics of the Market

One of the major driving factors of the market include the increasing demand for energy-efficient and eco-friendly buildings among the urban population. Moreover, in a dynamic approach, the system helps the user to display accurate details of energy used with precision and the time consumed to perform the task. These are the main attributors behind the growth of the market.

The BAS technology is complex to operate which is predicted to hinder the market growth in the forecast period.

Implementation of the AI for complete automation during the construction of buildings is predicted to create many opportunities for the global building automation system market during the projected timeframe.

Top 10 Key players of the Building Automation System Market

The report includes the most significant players of the market which are

The report also reviews many other important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments. - Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages]

Impact of COVID-19 on the Building Automation Systems Market

The COVID-19 pandemic has impacted the market in a negative way as the nationwide lockdowns led to temporary stoppage of the construction activities. However, as the unlock procedures have started the construction activities have taken momentum and the demand for the building automation system have increased which predicts of a better market growth in upcoming years.

Get Access to COVID-19 Impact Analysis on Building Automation Systems Market.

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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Global Building Automation System Market Anticipated to Grow at a CAGR of 9.9% during the Forecast Period, 2020-2027 - Exclusive Report [218 pages] by...