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

Growing industrialization, rising tourism sector, growing construction projects coupled with the growing demand for reduction in energy consumption have propelled the growth of the building automation market in Thailand. Moreover, growing construction projects, especially in the housing sector, has led to an increase in the deployment of building automation systems in the country; housing construction projects have registered a growth of over 3% over the past year. However, the global crisis caused by the arrival of a novel coronavirus at the beginning of 2020, may hinder the growth of the construction sector as well as the overall development of the economy in Thailand over the coming years.

According to 6Wresearch, the Thailand Building Automation Market size is anticipated to register growth during 2020-26. The growth is attributed to growing government investment in public infrastructure development projects such as the High-Speed Rail project connecting three major airports in Thailand scheduled to become operational in 2024 and airport expansion projects including Krabi Airport are expected to further push the demand for building automation systems over the forecast period. The central region is the leading revenue-generating market in Thailand, owing to growing infrastructure development projects in the region.

Based on products, the security and access control systems segment accounted for a leading share of market demand owing to the growing demand for security systems in the country. Further, change in government policies and reduction in import taxes has resulted in declining prices of the video surveillance system which would lead to a surge in the deployment of video surveillance cameras in the country.

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

The Thailand building automation market is anticipated to witness a proliferation in the coming years on the back of an increase in the advanced infrastructure in the country. An increase in the tourism sector is expected to proliferate the demand for the construction of hotels, restaurants, and guest houses and is expected to demand premium infrastructure, which as a result, is expected to create significant demand projections for building automation systems in the country in the coming years and leave a positive impact on the growth of the Thailand building automation market in the upcoming six years and the timeframe thereafter. Not only in the commercial sector, but a surge in the adoption of smart homes backed by an increase in the advanced housing infrastructure and increased standard of living is anticipated to trigger the potential market growth of the Thailand building automation market in the coming timeframe.

Key Highlights of the Report:

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

Markets Covered

The Thailand 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):