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...