The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing construction activity is likely to encourage innovation in the production of building automation systems, propelling the market over the forecast period.

The global building automation system market is expected to grow from $81.30 billion in 2022 to $90.28 billion in 2023 at a compound annual growth rate (CAGR) of 11.06%. The global building automation system market size is expected to reach $141.34 billion in 2027 at a CAGR of 11.86%.

Get A Free Sample On The Global Building Automation System Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10052&type=smp

 Global Building Automation System Market Segments Include:

• By Offerings: Facility Management Systems, Security And Access Controls, Fire Protection Systems, Building Energy Management Software, Building Automation System Services, Other Offerings
• By Technology: Wireless Technology, Wired Technology
• By Component: Hardware
• By Application: Industrial, Residential, Commercial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global building automation system market in 2021.

Major Market Players in the building automation system market include Honeywell International Inc., Robert Bosch GmbH, Johnson Controls International plc, Mitsubishi Electric Corporation, ABB Ltd, Schneider Electric SE, Siemens AG.

Technological developments have emerged as a significant trend gaining traction in the market for building automation systems. To expand their market position, major players in the building automation systems market are creating revolutionary technologies. Daikin Applied Americas Inc., a US-based firm that designs, manufactures, and sells heating, ventilation, and air conditioning systems, for example, released SiteLineTM Building Controls in January 2022. It is a network of scalable, cloud-based solutions for connecting, monitoring, and operating individual HVAC units as well as integrated building systems. The new controls portfolio provides complete visibility into the entire HVAC ecosystem, supporting in the creation of pleasant and sustainable work and living environments. It also effortlessly integrates a wide range of equipment brands, easing the integration challenges that contractors and engineers face on a daily basis.

The Building Automation System Global Market Report 2023  provides a building automation system market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The building automation system market forecast analyzes building automation system market size, building automation system market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A building automation system is an intelligent system that consists of hardware and software that is used to operate and monitor numerous systems in a building that connect heating, ventilation, air conditioning (HVAC), lighting, security, and other systems to interact on a single platform.

Explore Similar Reports From The Business Research Company:  

Buildings Construction Global Market Report 2023

Automation As A Service Global Market Report 2023

System On Module Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: