The European building automation (BA) market was estimated to be worth $ million in 2014, having grown at % compared to 2013.
The key application segment in 2014 was retail buildings and Germany was the largest region for revenue in 2014.
The market is expected to grow at a compound annual growth rate (CAGR) of % between 2014 and 2019, wherein BA for data centre and healthcare applications will witness the most rapid growth.
The customer price sensitivity is experiencing a decreasing trend and the overall environmental and energy issues concerned the least in the European Union (EU).
Research and development (R&D) spend in the market is increasing and marketing spend is stable.
Germany will retain the major share of market revenue and continue to increase during the forecast period.
In EU, the big companies account for a consolidated market share of % with mild increase in market share of two companies.
A strong BA market for the healthcare and office applications will sustain these segments’ market share dominance throughout the forecast period.
About this report
While the building automation (BA) market in Europe has been mature, it is starting to see a revived growth. This growth is mainly being driven by a strong focus on energy efficiency and by an overall performance of buildings. However, the building automation market is also going through a renaissance because of a wave of new technology developments, such as the Internet of Things (IoT), cloud-based solutions, and big data analytics. These are all helping to enhance the performance of building automation solutions, as well as helping to bring down prices and see new participants come to the market.
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