The growing concern for the conservation of energy coupled with the rising cost of energy is driving the demand for energy-efficient buildings. The building automation system not only helps to increase the energy efficiency of the building but also help to enhance the security and safety in buildings. This is driving the demand for building automation system.

The commercial buildings application is expected to hold the largest share of the global building automation system market during the forecast period. The demand for energy conservation and reduction of the overall operating cost is the highest in this sector, which is one of the major driving factors for the growth of this market.

The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The rapid growth of the construction industry in this region along with the government initiatives has contributed to the growth of the building automation system market in the APAC region.

The key players in the market include Honeywell International Inc. (U.S.), United Technologies Corporation (U.S.), Johnson Controls Inc. (U.S.), Hubbell, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Legrand SA (France), Ingersoll Rand PLC (Ireland), ABB (Switzerland), and Robert Bosch GmbH (Germany) among others.

Order a copy of Building Automation System Market by Product (HVAC Control Systems, Lighting Control Systems, Security & Access Control Systems, & Others), Application (Commercial, Residential, & Industrial), and by Geography (North America, Europe, Asia-Pacific, & RoW).

On a related note, another research on Smart Building Market Global Forecast to 2020 says, the smart building market is expected to grow from $7,260.0 million in 2015 to $36,398.7 million by 2020, at a Compound Annual Growth Rate (CAGR) of 38.0% from 2015 to 2020.