What will be the post-COVID-19 impact on the building automation system market?

The outbreak and the spread of the COVID-19 led to quick changes in this scenario, with the real estate sector witnessing significant impact of the virus. The real sector in the US, Europe, and APAC has been impacted significantly by the pandemic. This has affected the growth of the building automation system market as these geographies are the largest consumers of building automation systems. .

Who are the top 5 players in the building automation system market?

Johnson Controls (Ireland), Schneider Electric (France), Carrier (US), Siemens AG (Germany), and Honeywell International (US) are the top five players in the building automation system market

How can key players tap high-growth opportunities in the building automation system application market?

Product development, partnerships, and acquisitions are the major strategies the key players can use to tap high-growth opportunities in the building automation system market.

What would be the growth opportunities for manufacturers in various industries?

Increase in focus for designing and establishing energy-efficient and eco-friendly buildings equipped with building automation systems

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For which application, will building automation system have the highest demand in the near future?

Industrial application is expected to witness the highest demand for building automation system

What are the key industry trends in the market?

Rapid penetration of IoT in building automation systems

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