The American Society of Heating, Refrigerating and Air-conditioning Engineers (ASHRAE) developed the BACnet communication protocol that eventually became the industry open standard. and According to the EU Energy Performance of Buildings Directive (EPBD), building automation and control systems mandatory for tertiary buildings in Europe.

According to the report, Growing Trend towards Smarter and More Integrated, Software- And Data-Driven Buildings is one of the primary growth factors for the market. Growing Acceptance of the Cloud and software-as-a-Service (SaaS) Applications is also expected to contribute significantly to the Building Automation and Control Systems market. Overall, Residential applications of Building Automation and Control Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Components, such as Sensors, is boosting the Building Automation and Control Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Communication Technology, such as Wired, is boosting the Building Automation and Control Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Building Automation and Control Systems market identified that the demand is rising in many different parts of the world as "Increasing Growth to Develop Smart Building Equipped With the Cloud, Analytics, IP Connectivity ". Furthermore, some recent industry insights like "In August 2020, Siemens, a German-based technology company, has launched Desigo PXC4 for HVAC plants and Desigo PXC5 for the function and integration of HVAC systems. These new generation building automation controllers help automate small and medium-sized buildings to get the most flexible and scalable building automation." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Building Automation and Control Systems market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Building Automation and Control Systems market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Building Automation and Control Systems market size is calculated using market estimation process, the Building Automation and Control Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Building Automation and Control Systems market size has been validated using both top-down and bottom-up approaches.