Romania Building Automation and Control Systems Market to cross $ 228 Million by 2022
Growth in Infrastructure development, rising awareness
about energy efficiency, stringent measures to reduce carbon emissions and
carbon footprint inside and outside buildings to drive Romania building
automation and control systems market
According
to a recently released TechSci Research report, “Romania Building Automation & Control
Systems Market, By Product, By Communication Protocol, By
Application, By End User, Competition Forecast and Opportunities, 2012 – 2022”, BACS market
in Romania is projected to cross $ 228 million by 2022. In Romania, BACS
systems are gathering pace with growing IT sector and stringent regulations
regarding energy efficiency in buildings. Further, smart cities concept, Paris
agreement over reduction in greenhouse gas emissions and growing use of
electronic security in different sectors presents a bright opportunity for BACS
market during 2017-2022 in India. During 2011-2015, Romania BACS market was driven
majorly by the IT sector but now lighting control systems are reaching out to
residential, commercial and retail sector as well.
Browse 38
market data Tables and 36 Figures spread through 143 Pages and an in-depth
TOC on "Romania BACS Market"
https://www.techsciresearch.com/report/romania-building-automation-control-systems-market-by-product-hvac-electronic-security-safety-etc-by-communication-protocol-wired-wireless-by-application-commercial-etc-by-end-user-manufacturing-etc-competition-forecast-and-opportunities/1090.html
Also, integrating Internet
of Things with Building Automation has made it very user friendly, with
adoption increasing especially in the residential and retail sector as it
enables the users to control building facilities using devices such as
smartphones, etc.. BACS systems are known to reduce the energy consumption by
up to 30% and thus resulting in reduction of operational costs as well. Several
other sectors such as retail, hospitality and healthcare are contributing to
the country’s BACS market, given the user friendliness combined with fiscally
prudent nature of BACS systems.
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Among the types of applications of BACS, commercial
and industrial applications dominated the market in 2016 and this dominance is
expected to continue over the forecast period.
Commercial applications predominantly include corporate
offices, IT offices, shopping malls, BFSI, hospitality, etc. With increasing construction
of commercial buildings, hotels, shopping malls, retail outlets etc., demand
for building automation solutions is expected to increase during the forecast
period.
Bucharest Ilfov & South Region and North West
& Central Region were the leading regions in 2016 in Romania BACS market, and
this is expected to continue during the 2017-2022 as well. North West &
Central region is of major importance to Romania market as it shares
international border with countries like Hungary, Bulgaria and Ukraine. With
inflow of investments in Romania regions like Transylvania, demand for
corporate buildings and towers is expected to rise in coming five years, which
is expected to fuel growth in BACS market. Bucharest accounts
for maximum growth in the Bucharest Ilfov
& South Region on account of growing
commercial, hospitality, IT and services sector in the region.
“As per European guidelines, Romania
drafted the National Action Plan for Energy Efficiency - III for 2014-2020,
which places huge emphasis on reducing energy consumption in the household and
tertiary sector. Building automation and control systems can reduce energy
consumption by up to 25%-30% by using control systems such as motion sensors,
actuators, control valves, etc. and therefore are integral to a cleaner,
greener and more productive Romania. Moreover, growing awareness about BACS
systems among different end user segments is set to drive Romania BACS market
through 2022”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Romania Building
Automation & Control Systems Market, By Product, By Communication Protocol,
By Application, By End User, Competition Forecast and Opportunities, 2012 –
2022”
has evaluated the future growth
potential of Romania building automation market and provides statistics and
information on market structure, size, share and future growth of Romania building
automation. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment evaluation. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the Romania BACS market.
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