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

Nigeria Building Automation System Market report comprehensively covers the Nigeria Building automation System Market by-products, technology, and applications. Nigeria Building automation System Market outlook report provides an unbiased and detailed analysis of the building automation system market on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Nigeria Building Automation System Market Synopsis

Nigeria Building Automation System Market would register moderate growth over the coming years on account of the rising awareness about energy conservation coupled with the entry of new players for the investments in the transportation sector. Nigeria witnessed an economic slowdown in the recent past on account of depressed oil demand which negatively impacted the infrastructural development projects across the country. Nigeria has remained one of the most attractive market for construction in the West African region, of the total $120 billion planned to invest in the West African construction projects under the National Development Plan 2030, around 61% is earmarked for plans in Nigeria, which would give a tremendous boost to Nigeria building automation system market over the forthcoming years. However, the spread of COVID-19 pandemic coupled with the government’s measures to contain the same would lead to the shortage of government revenues for the construction projects in the country, thereby affecting the building automation system market for 2020. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.

According to 6Wresearch, Nigeria Building Automation System Market size is projected to grow at CAGR of 4.0% during 2020-2026. With the introduction of commercial 5G network by Rain, data-only network provider, and expansion of Wi-Fi initiatives by Google and BRCK in the country, the corporate sector would be having a major revenue share in the Building Automation System market and is expected to show strong growth in future due to availability of better video quality and fast internet services. Further, to avoid high expenditure on overseas air travel and hotel accommodation for health-related purposes due to weak and ailing Rand, the healthcare sector is anticipated to exhibit a substantial growth in the Building Automation System market during the forecast period

Market Analysis by Product Types

Based on product types, the security & access control system has garnered the major market revenue shares in the building automation system market during 2019 and would retain its dominance over the forecast period on account of the strict regulations regarding the security of the infrastructure. Furthermore, the growing need to reduce the operational and maintenance cost of the buildings by adopting energy-efficient solutions have led to the significant growth in the energy management system over the forecast period.

Market Analysis by Applications

Based on applications, the commercial sector is the leading market revenue-generating segment in Nigeria building automation system market and is anticipated to retain its position in the future as well on account of the development of non-oil sectors such as hospitality, retail and commercial establishments. Moreover, the surge in FDI for the construction projects in commercial and industrial sectors would further aid Nigeria in building the automation system market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report

• Nigeria Building Automation System Market Overview
• Nigeria Building Automation System Market Outlook
• Market Size of Nigeria Building Automation System Market, 2019
• Forecast of Nigeria Building Automation System Market, Until 2026
• Historical Data and Forecast of Nigeria Building Automation System Market Revenues for the period, 2016-2026
• Market Size and Forecast of Nigeria Building Automation System Market Revenues, By Products, Until 2026
• Historical Data and Forecast of Nigeria Building Automation System Market Revenues for the period, By Products, 2016-2026
• Market Size and Forecast of Nigeria Building Automation System Market Revenues, By Technology, Until 2026
• Historical Data and Forecast of Nigeria Building Automation System Market Revenues for the period, By Technology, 2016-2026
• Market Size and Forecast of Nigeria Building Automation System Market Revenues, By Applications, Until 2026
• Historical Data and Forecast of Nigeria Building Automation System Market Revenues for the period, By Applications, 2016-2026
• Market Drivers and Restraints
• Nigeria Building Automation System Market Trends
• Nigeria and Africa Building Automation System Industry Life Cycle
• Porter’s Five Force Analysis
• Nigeria Building Automation System Market Opportunity Assessment
• Nigeria Building Automation System Market Revenue Share, By Company
• Nigeria Building Automation System Market Revenue Share, By Regions
• Nigeria Building Automation System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Products:
• HVAC Control
• Lighting Control
• Security & Access Control
• Energy Management System
• Fire Protection System
• By Technology:
• Wired Technology:
• Digital Addressable Lighting Interface
• KNX
• Lonworks
• Building Automation & Control Networks
• Modbus
• Wireless Technology:
• Zigbee
• Enocean
• Z-Wave
• Wi-Fi
• Bluetooth
• Thread
• Infrared
• Modbus
• By Applications:
• Residential
• Commercial
• Industrial

Other Key Reports Available:

• Asia Pacific Building Automation System Market Report
• Europe Building Automation System Market Report
• North America Building Automation System Market Report
• Latin America Building Automation System Market Report

Nigeria Building Automation System Market: FAQs