Germany Building Automation Systems Market Outlook
Market Forecast By Products (Security And Access Control System, Fire Protection System, Lighting Control System, HVAC Control System, Building Energy Management Services), By Control Technology (Wired, Wireless), By Applications (Residential, Commercial, Industrial), By Business Types (B2B, B2C) And Competitive Landscape
According to 6Wresearch, Germany Building Automation Systems Market size is projected to grow at CAGR of 7.7% during 2021-27. The growth can be attributed to climate policy for building sector which aims to have a climate-neutral building stock by 2050 along with programs to promote energy efficiency and renewable energies in building sector. Such initiatives by government would propel the growth of green buildings which would in turn create a demand for building automation systems owing to its efficient use of energy and minimal impact on environment. Further, the increasing investment for infrastructure development of sectors such as commercial, residential along with development of small and medium enterprises would drive the demand for Building Automation Systems even further.
Germany Building Automation Systems market has witnessed growth due to increasing infrastructure development along with rising demand for green buildings in the country. Commercial and industrial sector has emerged as a prominent contributor to Germany building automation systems market. However, the outbreak of Covid-19 in 2020 led to halt in construction projects, thereby leading to a decline in demand for building automation systems as the potential opportunities for deployment of building automation systems were hindered.
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Market by Products Analysis
In terms of Products, the segments HVAC Control Systems alone has captured 36% of the market revenues in 2020, leading the market.
Key Highlights of the Report
Germany Building Automation Systems Market Overview
Germany Building Automation Systems Market Trends
Germany Building Automation Systems Market Outlook
Germany Building Automation Systems Market Forecast
Market Drivers and Restraints
Porter’s Five Forces Analysis
Market Opportunity Assessment
Industry Life Cycle
Germany Building Automation Systems Market Share, By Companies
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Historical data and Forecast of Revenues, By Control Technology, for the Period, 2017-2027F
Historical data and Forecast of Revenues, By Application, for the Period, 2017-2027F
Historical data and Forecast of Revenues, By Distribution Channel, for the Period, 2017-2027F
Historical data and Forecast of Revenues, By Business Types, for the Period, 2017-2027F
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