P e r s i s t e n c e M a r k e t R e s e a r c h overshadow the market within the forecast period . The commercial segment will contribute notably to the global building automation systems market . Towards the end of the projected period , the commercial segment will touch a market worth of more than US $ 63 Bn and will record a CAGR of 10.9 %. Apart from this the government and residential segments will also project promising growth trends by 2026 end . North America will lure maximum investors , as the building automation systems market in this region will exceed a whopping value of US $ 55 Bn by the close of 2026 .
The global market for building automation systems is crowded with several players . The Rheem Manufacturing Company , United Technologies , General Electric , Lennox International , Philips Lighting Holding B . V ., Ingersoll-Rand Plc . Honeywell International Inc ., Johnson Controls are some of the major players contributing to the growth of the market . They are establishing smart IT backed platforms to provide advanced building automation systems to their customers .
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Global Building Automation Systems Market 2016-2026