UAE Building Automation and Control Systems Market to Grow at CAGR 8% till 2021
Growing focus on infrastructure developments, rising adoption of energy
efficient devices coupled with increasing security concerns to drive UAE building
automation and control systems (BACS) market through 2021
According to TechSci Research
report, “UAE Building Automation & Control
Systems Market, By Product, By Communication
Protocol, By Application, By End User, Competition Forecast and Opportunities,
2011 - 2021”, building automation and control systems market in the UAE is projected
to register a CAGR of over 8% during 2016-2021. Growing focus towards
infrastructure development, increasing government support coupled with rising adoption
of energy efficient devices is driving building automation & control
systems market in the UAE. Further, growing hospitality sector on account of
upcoming mega events World Expo in 2020 in Dubai and this is further projected
to fuel growth in the country’s building
automation and control systems market during 2016-2021.
Table: List of Upcoming
Residential Projects in UAE
|
Project Name
|
Location
|
Estimated Completion Year
|
|
Sahara Tower 6
|
Sharjah
|
2019
|
|
Emaar South
|
Dubai
|
2019-2020
|
|
Remah Emirati Housing
(Stage 2)
|
Abu Dhabi
|
Not Available
|
|
Source:
News Articles, Project Websites, TechSci Research
|
Browse 47 market data Tables and 34 Figures
spread through 158 Pages and an in-depth TOC on "UAE Building Automation and Control
Systems Market"
https://www.techsciresearch.com/report/uae-building-automation-control-systems-market-by-product-hvac-electronic-security-safety-etc-by-communication-protocol-wired-wireless-by-application-by-end-user-competition-forecast-opportunities/878.html
In 2015, UAE building
automation and control systems market was driven by rising demand from commercial
and residential sectors. On account of expanding population base and rising demand for energy
efficient systems from the residential sector is projected to boost demand for building
automation and control systems from the residential sector. Also, government policies
and regulations pertaining to energy efficiency and reduction in CO2 emissions is
further supporting adoption and deployment of building automation and control
systems market in the UAE. Integrating Internet of Things with building
automation and control systems enables users to control devices through smartphones.
Installation of BACS systems are known to reduce energy consumption by up to
30% and lower operational costs.
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“Growing
investment in hospitality sector and other infrastructure projects such as Dubai
metro expansion, airport expansions, and implementation of energy efficiency
measures taken by UAE government is driving UAE building automation and control
systems market. Further, with growing focus towards CO2 emissions reduction,
rising electricity costs and increasing focus towards electronic security is driving
demand for building automation and control systems market in the UAE. Further,
rising adoption of the smart building concept that includes security and access
control, lighting and HVAC management, and fire & alarm system management,
is anticipated to fuel growth in the country’s BACS market during 2016-2021.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“UAE Building Automation &
Control Systems Market, By Product, By Communication Protocol, By Application,
By End User, Competition Forecast and Opportunities, 2011 - 2021”
has evaluated the future growth potential of UAE
building automation and control systems market and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
to take sound investment evaluation. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities present in the UAE building automation and control systems market.
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