Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

What key factors are powering the surge in the building automation system market right now?

In the past few years, the size of the building automation system market has expanded swiftly. It is projected to escalate from $99.76 billion in 2024 to $111.23 billion in 2025, witnessing a compound annual growth rate (CAGR) of 11.5%. The progression during the earlier phase can be credited to several factors such as the push for energy efficiency and cost reductions, governmental policies and incentives, the rise in demand for smart buildings, the desire for occupant comfort and well-being, and the amalgamation of building systems.

How fast Is the building automation system market expected to grow, and what’s its future value?

Expectations are set high for the building automation system market size, which is predicted to experience swift expansion in the coming years. The market is projected to balloon to “$181.77 billion in 2029,” with a compound annual growth rate (CAGR) of 13.1%. The predicted growth in the forecast period is due to factors such as fast-paced urbanization, smart city initiatives, focus on sustainability and the production of green buildings, combined with cloud and edge computing integration, remote monitoring and control, as well as cybersecurity practices. The forecast period is also expected to see trends such as the swift incorporation of IoT and edge computing, emphasis on energy efficiency and sustainability, the engagement of artificial intelligence (AI) and machine learning (ML) technology, amplified cybersecurity practices, along with cloud-based solutions and remote access.

Get your building automation system market report here!

https://www.thebusinessresearchcompany.com/report/building-automation-system-global-market-report

What are the leading drivers of growth in the building automation system market?

The building automation system market is anticipated to witness significant growth due to the rise in construction activities. The term “construction activity” encompasses the construction or putting together of physical infrastructures such as buildings, highways, bridges, and numerous other construction projects. As these activities gain momentum, an associated surge in the demand for building automation systems (BAS) is predicted. These automation solutions can significantly reduce administrative tasks for engineering personnel and aid construction managers in augmenting their productivity in these vital areas. The Office for National Statistics, a reputable national statistics institution based in the UK, reported in September 2024 that construction output in the UK is expected to have surged by 1.2% in the three months up to July 2024. This increase is being backed by growth in new works (1.6%) and repair and maintenance (0.8%), underpinned by substantial increases of 1.7% in May and 0.5% in June 2024. Consequently, the escalating construction activities are seen as a major driver for the expansion of the building automation system market.

What are the key segments defining the building automation system market?

The building automation system market covered in this report is segmented –

1) By Component: Hardware, Software

2) By Offerings: Facility Management Systems, Security And Access Controls, Fire Protection Systems, Building Energy Management Software, Building Automation System Services, Other Offerings

2) By Technology: Wireless Technology, Wired Technology

4) By Application: Industrial, Residential, Commercial

Subsegments:

1) By Hardware: Sensors, Actuators, Controllers, Switches And Relays, HVAC Control Systems, Lighting Control Systems, Security And Access Control Systems

2) By Software: Building Management Software, Energy Management Software, Facility Management Software, Security Management Software, Integrated Building Automation Software, Cloud-Based Building Automation Solutions

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=10052&type=smp

Who are the key players steering the development of the building automation system market?

Major companies operating 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, Hubbell Inc., United Technologies Corporation, Ingersoll-Rand plc, General Electric Company, Cisco Systems Inc., Trane Technologies, Lutron Electronics Co. Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Emerson Electric Co., Legrand, Control4 Corporation, Automated Logic Corporation, Delta Controls Inc., Distech Controls Inc., Crestron Electronics Inc., Leviton Manufacturing Co. Inc., Lynxspring Inc., Reliable Controls Corporation, Tridium Inc., Carrier Corporation, Computrols Inc., Daikin Industries Ltd.

What emerging trends are influencing the growth of the building automation system market?

Advancements in technology are starting to be a major trend that’s gaining traction in the building automation system market. Leading corporations in this market are creating cutting-edge technologies to solidify their market standing. One such instance is from January 2022, when Daikin Applied Americas Inc, a U.S. based company specializing in designing, manufacturing, and distributing heating, ventilation, and air conditioning systems, unveiled their SiteLine Building Controls. This system forms a scalable, cloud-based network designed for effortless connection, monitoring, and management of HVAC units and seamlessly integrated building systems. This recently introduced controls portfolio provides a clear overview of the complete HVAC ecosystem, assisting in the creation of enjoyable, sustainable work and living spaces. It also conveniently accommodates various equipment brands, resolving the routine integration challenges faced by contractors and engineers.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10052

Which regions are most influential in expanding the building automation system market?

North America was the largest region in the building automation system market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global building automation system market report during the forecast period. The regions covered in the building automation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Browse Through More Similar Reports By The Business Research Company:

Building Inspection Services Global Market Report 2022

https://www.thebusinessresearchcompany.com/report/building-inspection-services-global-market-report

Building Material and Garden Equipment and Supplies Dealers Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/building-material-and-garden-equipment-and-supplies-dealers-global-market-report

Automation As A Service Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/automation-as-a-service-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

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: