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. .
Who are the
top 5 players in the building automation system market?
Johnson Controls
(Ireland), Schneider Electric (France), Carrier (US), Siemens AG (Germany), and
Honeywell International (US) are the top five players in the building
automation system market
How can key
players tap high-growth opportunities in the building automation system
application market?
Product development,
partnerships, and acquisitions are the major strategies the key players can use
to tap high-growth opportunities in the building automation system market.
What would
be the growth opportunities for manufacturers in various industries?
Increase in focus
for designing and establishing energy-efficient and eco-friendly buildings
equipped with building automation systems
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For which
application, will building automation system have the highest demand in the
near future?
Industrial
application is expected to witness the highest demand for building automation
system
What are the
key industry trends in the market?
Rapid penetration of
IoT in building automation systems
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