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$11.6 Billion Worldwide Wireless Building Management Services Industry to 2027 - Impact of COVID-19 on the Market

Research and Markets
·3-min read

Dublin, Feb. 10, 2021 (GLOBE NEWSWIRE) -- The "Wireless Building Management Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 6th edition of this report. The 107-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wireless Building Management Services Market to Reach $52.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Wireless Building Management Services estimated at US$11.6 Billion in the year 2020, is projected to reach a revised size of US$52.7 Billion by 2027, growing at a CAGR of 24.1% over the period 2020-2027.

Commercial, one of the segments analyzed in the report, is projected to record 25.4% CAGR and reach US$40.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other End-Uses segment is readjusted to a revised 20.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.5 Billion, While China is Forecast to Grow at 23.4% CAGR

The Wireless Building Management Services market in the U.S. is estimated at US$3.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.1 Billion by the year 2027 trailing a CAGR of 23.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.7% and 20.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.7% CAGR.

Competitors identified in this market include, among others:

  • Acuity Brands Lighting Inc.

  • Aruba Networks, Inc.

  • Cisco Systems, Inc.

  • CommScope, Inc.

  • Crestron Electronics, Inc.

  • Daintree Networks, Inc.

  • Digital Lumens

  • ElMeasure India Pvt., Ltd.

  • Enlighted, Inc.

  • EnOcean GmbH

  • Honeywell International, Inc.

  • Ideal Industries, Inc.

  • JETEC Electronics Co., Ltd.

  • Johnson Controls, Inc.

  • Kmc Controls

  • Legrand Group

  • Linear Technology Corporation

  • Lutron Electronics Co., Inc.

  • Open Mesh, Inc.

  • OSRAM GmbH

  • Schneider Electric SA

  • Seimens AG

  • Trend Control Systems Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Wireless Building Management Services Competitor Market Share Scenario Worldwide (in %):2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/hsfrpe

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900