Building Automation System Market with COVID-19 Impact by Communication Technolo

4.4
Building Automation System Market with COVID-19 Impact by Communication Technolo
4 Min Read

According to a research report "Building Automation System Market with COVID-19 Impact by Communication Technology

According to a research report "Building Automation System Market with COVID-19 Impact by Communication Technology, Offering (Facility Management Systems, Security and Access Controls, and Fire Protection Systems), Application, Region - Global Forecast to 2026", published by MarketsandMarkets, the global building automation system market size is projected to grow from USD 73.5 billion in 2021 to USD 112.1 billion by 2026; it is estimated to grow at a CAGR of 8.8% during the forecast period. The growth of the building automation system market is fueled by the increasing requirement of energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing building automation systems in the existing buildings.

Browse 209 market data Tables and 53 Figures spread through 233 Pages and in-depth TOC on "Building Automation System Market - Global Forecast to 2026"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/building-automation-control-systems-market-408.html

[233 Pages Report] The global building automation system market size is projected to grow from USD 73.5 billion in 2021 to USD 112.1 billion by 2026; it is estimated to grow at a CAGR of 8.8% during the forecast period. The growth of the building automation system market is fueled by the increasing requirement of energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing building automation systems in the existing buildings.

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 Impact on the Building Automation System Market

Before COVID-19, real estate investments generated stable cash flow and returns for players operating in this sector globally. However, the outbreak and the spread of the COVID-19 led to quick changes in this scenario, with the real estate sector witnessing significant impact of the virus. The real sector in the US, Europe, and APAC has been impacted significantly by the pandemic. This has affected the growth of the building automation system market as these geographies are the largest consumers of building automation systems.

BUY FULL REPORT https://www.marketsandmarkets.com/Market-Reports/building-automation-control-systems-market-408.html?

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.