Christy Publications Building Automation Systems Market | Page 2

one common Internet Protocol (IP) platform to connect all the sensors and devices in a building
to exchange and analyze information and optimize controls automatically. According to the
Coherent Market Insights’ analysis, 1,073.6 units IoT devices were installed in smart homes
and1,063 units installed in smart commercial buildings in 2017.
Global Building Automation Systems Market: Regional Insights
The market for building automation system in Asia Pacific is expected witness fastest growth.
The growth is attributed to increasing economic growth in emerging economies such as China
and India. Increasing economic growth tends to increase the growth of construction industry,
for instance, according to the Department of Industrial Policy and Promotion (DIPP), India
received US$ 24.7 billion of Foreign Direct Investment (FDI) in construction development sectors
for housing, built up infrastructure and construction development from April 2000 to September
2017. Additionally according to the Smart Cities Mission Project offered by Government of India,
90 smart cities are been proposed with project investments of US$ 30.02 billion , which is
expected to positively influence the growth of regional building automation market.
Browse more about the research report @
https://www.coherentmarketinsights.com/ongoing-insight/building-automation-systems-market-1350
Global Building Automation Systems Market: Competitive Background
Major players operating in the building automation system market include Automated Logic
Corporation, AT&T Inc., Honeywell International Inc., Johnson Controls International Plc.,
Schneider Electric SE, Hubbell Inc., ABB Ltd., Beckhoff Automation GmbH & Co. KG, Ingersoll-
Rand Plc, Bosch Sicherheitssysteme GmbH, and Siemens AG.