Friar Lane, United Kingdom, July 07, 2016 --(PR.com
)-- According to a recently published report, global Commercial Building Automation Products & Technologies Market is expected to grow at the CAGR of 9.6%duringthe forecasted period of 2015-2022. The segmentation of global commercial building automation products & technologies market is based on communication protocols, applications, products and geography. The report on global commercial building automation products & technologies market forecast 2015-2022 (communication protocols, applications, products and geography) provides a detailed overview and predictive analysis of the market.
The growth and demand of the global commercial building automation products & technologies market has been anticipated to be very high in developed and developing countries. Building automation helps in efficient operations of buildings, reduction in energy consumption & costs and improved life of utilities. It includes centralized control of building’s heating, HVAC, lighting, and all other necessary systems. Convergence of various advanced technologies such as IoT in building automation and rising demand for cost reduction using energy efficient systems and processes etc. are the major factor encouraging the demand for commercial building automation systems and technologies. The IoT market is growing at a CAGR of 42% which will be likely to spur the demand of commercial building automation market. In 2015, security systems hold the majority of the market share, contributing approximately 52% of the total market revenue. One of the major restraining factor hampering the market potential is high initial cost involved in designing and installation of building automation system.
Detailed study on this Report: http://www.briskinsights.com/report/commercial-building-automation-products-and-technologies-market