Brazil Building Automation Systems Market Overview
Brazil Building Automation Systems Market is anticipated to witness modest growth during the forecast period due to the increasing construction of high-rise buildings in commercial and residential domains owing to rapid urbanization along with development in the BFSI and hospitality sector in the country which necessitated the provision of building automation systems in the country. However, the outbreak of covid-19 in 2020 led to halting in construction projects, thereby leading to declining demand for building automation systems as the potential opportunities for deployment of building automation systems were hindered. Further, due to the closure of all office establishments and industrial buildings, the opportunities for deployment of building automation systems in existing building infrastructure were also delayed, which added to the declining market revenue size in 2020. Besides, the market is anticipated to recover from 2021 onwards on the back of the resumption of business activities and industries which in turn would bring in the flow of foreign investment in the construction industry and thus contribute to the demand for building automation systems in the coming years.
According to 6Wresearch, Brazil Building Automation Systems Market size is projected to grow at a CAGR of 4.8% during 2021-27. Rising government initiatives to boost investments in infrastructure development such as the Investment Partnership Program (IPP) and privatization projects in aviation and seaports, along with government objectives towards sustainable development and reduction in emissions of greenhouse gases, and growing adoption of advanced technology tools would fuel the demand for of building automation systems across the country in the forthcoming years.
Market Analysis by Products
By-products, HVAC control systems, security access control systems, and fire protection systems have a cumulative market share of around 60% in the overall market revenues in 2020. HVAC control systems in Brazil building automation market witnessed the majority revenue size in 2020 and would continue to dominate the market during the forecast period owing to the rising demand for efficient cooling and ventilation in office buildings and commercial spaces.
Key Highlights of the Report
- Brazil Building Automation Systems Market Overview
- Brazil Building Automation Systems Market Outlook
- Brazil Building Automation Systems Market Trends
- Brazil Building Automation Systems Market Forecast
- Market Drivers and Restraints
- Industry Life Cycle
- Porter’s Five Force Analysis
- Competitive Benchmarking
- Company Profiles
- Market Opportunity Assessment
- Brazil Building Automation Systems Market Share, By Market Players
- Historical data and Forecast of Revenues, By Products, for the Period, 2017-2027F.
- Historical data and Forecast of Revenues, By Control Technology, for the Period, 2017-2027F.
- Historical data and Forecast of Revenues, By Regions, for the Period, 2017-2027F.
- Historical Data and forecast of Brazil Building Automation Systems Market Revenues for the Period, 2017-2027F
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