Building Automation System Market is predicted to reach USD 164.4 billion at a CAGR of 11.4% during the forecast period

Building Automation System Market is predicted to reach USD 164.4 billion at a CAGR of 11.4% during the forecast period

Market Research Future Published a half-cooked Research Report on "Global Building Automation System Market".



MRFR recognizes the following companies as the key players in the global Building Automation System market— Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Zurich), Trane Technologies (Ireland), Lutron Electronics (US), Creston Electronics (US), Hitachi (Japan) and Delta Controls (Canada)


Market Highlights


The global Building Automation System market is accounted to register a CAGR of 11.4% during the forecast period and is estimated to reach USD 164.4 billion by 2030.


The Building Automation System (BAS) Market refers to the industry focused on the implementation and integration of automated systems within buildings to control and monitor various functions such as lighting, HVAC (Heating, Ventilation, and Air Conditioning), security, and energy management. These systems utilize sensors, controllers, and communication networks to optimize building performance, improve energy efficiency, and enhance occupant comfort. The market is driven by the increasing adoption of smart building solutions and the need for centralized control and automation in commercial, residential, and industrial buildings.


Segment Analysis


The global Building Automation System market has been segmented based Offering, Communication Technology, and Application.


Based on Offering, the market is segmented into Facility Management Systems, Security & Access Controls Fire Protection Systems, BEM Software, and BAS Services. The security and access control industry is anticipated to provide the most market share over the projection period.


Based on Communication Technology, the global Building Automation System market has been segmented into Wireless Technology and Wired Technology. A faster CAGR is anticipated for the wireless category of communication technology during the projection period. In 2021, the building automation system industry was dominated by wired technology more so than wireless technology.


Based on Application, the global Building Automation System market has been segmented into Commercial, Residential, and Industrial. The rising deployment of building automation systems in large office buildings, shopping centres and public transit hubs like railway stations and airports is projected to be the primary factor driving the growth of the building automation and controls system market.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Building Automation System Market Research Report


Regional Analysis


The global Building Automation System market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Building Automation System market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Building Automation System market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Building Automation System market comprises of Middle East, Africa, and Latin America.


The Asia-Pacific Building Automation System Market dominated this market in 2021. The region's demand for building automation systems has increased as a result of the region's growing use of the Internet of Things (IoT) and cutting-edge lighting technologies in commercial buildings and the industrial sector.


One of the main factors boosting the demand for building automation systems is this. Building automation systems are very popular in APAC because to the many advantages they offer, including increased security. A large portion of the world's population resides in the Asia Pacific region. Consumers in this region are quickly using building automation systems in both residential and commercial settings as a result of improved economic conditions. Additionally, China's increasing development activity is advancing the Asia Pacific building automation system market.


Key Findings of the Study



  • The global Building Automation System market is expected to reach USD 164.4 billion by 2030, at a CAGR of 11.4% during the forecast period.

  • The Asia-Pacific Building Automation System Market dominated this market in 2021. The region's demand for building automation systems has increased as a result of the region's growing use of the Internet of Things (IoT) and cutting-edge lighting technologies in commercial buildings and the industrial sector.

  • Based on Communication Technology, the building automation system industry was dominated by wired technology more so than wireless technology

  • Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US) and Robert Bosch (Germany)


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