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

Romania's building automation market has registered a slow growth over the past three years owing to the economic slowdown and decline in the exports in the country. Moreover, with the occurrence of global pandemic COVID-19 in 2020, the Romania market is further expected to register a decline in demand for building automation systems. 

According to 6Wresearch, Romania Building Automation Market size is anticipated to register growth during 2020-26. Romania's market is expected to register growth in demand for building automation systems; especially in the security segment owing to the growing urbanization, and surge in foreign investment in the construction sector during 2021-26. Also, FDI and funds by the European Union have made Romania the second-fastest growing economy in the European Union and resulted in the growth of infrastructural development projects in the country, which would result in a surge in the installation of building automation systems in the country.

Based on control technology, the market is segmented into wired and wireless technology; currently, wired control technology accounted for a leading share of market revenue pie owing to the high installation in the new construction. However, during the forecast period, wireless technology is expected to register high growth due to a surge in demand from the retrofit segment.

The Romania Building Automation market report thoroughly covers the market by products, control technology, applications, and regions. The Romania Building Automation market outlook report provides an unbiased and detailed analysis of the on-going Romania 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.

Key Highlights of the Report:

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

Markets Covered

The Romania 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