Saudi Arabia Building Automation & Control System Market to Grow Due to Technological Advancement until 2026
Increasing number of Smart Cities is driving the growth of Saudi Arabia Building automation & control system Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Building Automation & Control System Market By Industry Segment (HVAC Control Systems, Lighting Control Systems, Electronic Security & Safety and Building Energy Management System) By Communication Technology (Wired (Digital Addressable Lighting Interface (DALI), KONNEX (KNX), Building Automation and Control Network (BACNET), LonWorks & Modbus and Wireless (Zigbee, EnOcean, Wifi, Bluetooth & Others)) By Application (Commercial, Industrial, Residential) By End User (Hospitality, IT/ITES, Retail, BFSI, Transportation, Residential Complexes, Education, Manufacturing, Utilities, Others) By Region, Competition Forecast & Opportunities, 2026”, Saudi Arabia building automation & control system market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Saudi Arabia building automation & control system market owes its growth to the factors like rapidly increasing demand of the smart buildings, infrastructure and evolving smart cities. Additionally, the government schemes and regulation has made it easier for the smarter technological advancements be incorporated into various building automation and control systems thereby supporting the growth of the market in the upcoming five years. Also, the government regulation to incorporate technologically advancements to provide energy-saving, ecologically efficient systems as a way to remodel the environmental resources and save the ecological resources is further aiding the growth of the market.
Factors like decreasing oil prices and COVID-19 pandemic situation may put a mild restraint in the future years of forecast, but the inclination of country economy toward non-oil industry like healthcare, infrastructure, tourism etc. are supporting the growth of the market in the next five years of forecast.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on “Saudi Arabia Building automation & control system Market”
The Saudi Arabia building automation & control system market is segmented by industry segment, communication technology, application, end user, competitional landscape, and regional distribution. Based on application, the market is effectively segmented into commercial, industrial, and residential applications. Commercial applications of the building automation & control systems are anticipated to hold the largest revenue shares of the market segment on the account of rapidly evolving and increasing number of infrastructural development of commercial projects like GCC railways project, Red Sea project, Neom project, etc. Furthermore, commercial buildings like hospitals, healthcare centers, schools, universities, and other education centers, shopping centers, etc. are all utilizing the smart building automation & control systems and thus supporting the growth of the market in the upcoming five years.
Based on industry segment, the market is further bifurcated into HVAC control systems, lighting control systems, electronic security & safety and building energy management system. HVAC control systems is anticipated to assert its dominance with the largest revenue shares of the market in the next five years. The market segment growth can be attributed to adverse climatic conditions of the country and the demand for the HVAC systems for the basic survivals. HVAC systems are in use all around the year and thus the demand for the same is always on a rise. Moreover, in recent trends, smart heating and cooling systems are much more in demand in comparison. The government regulations for the HVAC systems that are energy saving and provide energy-efficient solutions is influencing the growth of the market in the next five years.
A partial list of market player in the Saudi Arabia building automation & control system market includes Axis Communication FZE, General Electric Co., Bosch Safety and Security System, Honeywell Turki Arabia Ltd., Al Salem Johnson Controls, LG Electronics Saudi Arabia Co Ltd (LGESB), Schneider electric systems Saudi Arabia co. Ltd, Siemens Ltd. (Siemens Saudi Arabia), Legrand Saudi for electric industries limited co., Al Salem Johnson Controls (ASJC), among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Saudi Arabia building automation & control system market is a self-reliant and rapidly expanding market segment for the next five years of the country’s economy. The market is reliant on the developing technologies and the growing demand of smart cities and smart infrastructure industry. New market players have a large scope for the market entrance though the market supports multiple global giants actively supporting the market growth in the country. Focusing on the research and advancements for the smart ad energy efficient services and products would help the new businesses to establish their presence in the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Building Automation & Control System Market By Industry Segment (HVAC Control Systems, Lighting Control Systems, Electronic Security & Safety and Building Energy Management System) By Communication Technology (Wired (Digital Addressable Lighting Interface (DALI), KONNEX (KNX), Building Automation and Control Network (BACNET), LonWorks & Modbus and Wireless (Zigbee, EnOcean, Wifi, Bluetooth & Others)) By Application (Commercial, Industrial, Residential) By End User (Hospitality, IT/ITES, Retail, BFSI, Transportation, Residential Complexes, Education, Manufacturing, Utilities, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia building automation & control system market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia building automation & control system market.
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