New Zealand Building Automation Market (2020-2026) | COVID-19 IMPACT, Share, Forecast, Value, Outlook, Growth, Analysis, Companies, Revenue, Size, Industry & Trends

Growing security concerns, increasing penetration of connected devices and IoT coupled with growing awareness regarding reducing energy consumption has propelled the demand for the building automation market in New Zealand. Furthermore, the growing construction market owing to high spending on public infrastructure combined with the booming tourism sector would lead to further growth in the deployment of building automation systems in the country.

According to 6Wresearch, the New Zealand Building Automation Market size is anticipated to register growth during 2020-26. The New Zealand market is expected to register a decline in demand during 2020 owing to the breakout of global pandemic COVID-19, which has adversely affected the economies globally. However, growing construction projects in the country; especially in the housing and commercial sector owing to the growing demand for housing units due to the influx of refugees in the country would lead to an increase in demand for building automation systems in New Zealand.

Based on applications, the commercial building segment accounted for a leading share of the market revenue pie, owing to the growing tourism sector in the country, which has led to an increase in construction projects in the commercial sector. Moreover, New Zealand remains a prime hub for FDI and with the positive trend of investment in the Auckland and Wellington region, business activities are expected to witness a surge which would conversely lead to a rapid expansion of the commercial segment in the region, leading to a further increase in the deployment of building automation systems in the country.

The New Zealand Building Automation market report thoroughly covers the market by products, control technology, applications, and regions. The New Zealand Building Automation market outlook report provides an unbiased and detailed analysis of the ongoing New Zealand Building Automation market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

New Zealand building automation market is anticipated to gain traction during the forecast period 2020-26F backed by rising in the need for access control systems. Increased commercial infrastructure includes tall buildings like malls is leading to require multiple access control like electric and mechanical which ensures greater flexibility in detecting any issue occurring in the building, through installing building automation systems and is expected to maintain continued growth of the market in the coming years. Further, increased government regulation in saving energy where building automation plays a crucial role in saving excess energy waste and save cost as well is estimated to spur the potential growth of the new Zealand building automation market in the upcoming six years.

New Zealand building energy management system market is projected to gain traction in the coming timeframe backed by the rise in the effort to save electricity in the country. Further, on the basis of the end-users, IT corporate sector growth is estimated to generate lucrative opportunities in the market owing to the setup of the Kiwi tech sector with the increase in the game development practices is estimated to leave a positive impact by installing building energy management system in the offices and is estimated to boost the growth of the new Zealand building energy management system market in the years ahead. 

Key Highlights of the Report:

• New Zealand Building Automation Market Overview
• New Zealand Building Automation Market Outlook
• New Zealand Building Automation Market Forecast
• Historical Data of New Zealand Building Automation Market Revenues & Volume for the Period 2016-2019
• New Zealand Building Automation Market Size and New Zealand Building Automation Market Forecast of Revenues & Volume, Until 2026
• Historical Data of New Zealand Building Automation Market Revenues & Volume, By-Products, for the Period 2016-2019
• Market Size & Forecast of New Zealand Building Automation Market Revenues & Volume, By-Products, Until 2026
• Historical Data of New Zealand Building Automation Market Revenues & Volume, By Control Technology, for the Period 2016-2019
• Market Size & Forecast of New Zealand Building Automation Market Revenues & Volume, By Control Technology, Until 2026
• Historical Data of New Zealand Building Automation Market Revenues & Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of New Zealand Building Automation Market Revenues & Volume, By Applications, Until 2026
• Market Drivers and Restraints
• New Zealand Building Automation Market Price Trends
• New Zealand Building Automation Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• New Zealand Building Automation Market Share, By Players
• New Zealand Building Automation Market Share, By Regions
• New Zealand Building Automation Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The New Zealand Building Automation Market report provides a detailed analysis of the following market segments:

• By-Products:
  • Security and Access Control System
  • Fire Protection System
  • Lighting Control System
  • HVAC Control System
  • Building Energy Management Services
• By Control Technology:
  • Wired
  • Wireless
    
    
• By Applications:
  • Residential Building
  • Commercial Building
  • Industrial Building

Frequently Asked Questions About the Market Study (FAQs):