International.
The global building automation systems market was valued at more than $43 billion in 2015 and is expected to earn better revenue when the 2016 results are known, reaching approximately $48 billion.
Persistence Market Research's report indicates that the market will continue its path to expansion and the market value will reach US$141.1 million by the end of 2026. The global building automation systems market will record a CAGR of 11.1% during the projected period.
Governments around the world are implementing different preventive measures to reduce energy waste. Different new methods of regulation are adopted to reduce it. This is a massive booster for the building automation systems market. Several major economies around the world, such as Europe, the United States, and Japan, have already curated some restrictive methods to review previous trends.
This opens a new window of opportunity for this sector. A number of new technologies that are eroding this market are actively affecting the global canvas of the market. Better and more advanced technologies are improving the end-user experience and also increasing market reach.
