The Building Automation System Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Building Automation System Market?
The building automation system market has seen a swift expansion recently. The market size is projected to increase from $99.76 billion in 2024 to $111.23 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Building Automation System Industry?
The Building Automation System Global Market is projected to reach a market size of $181.77 billion in 2029, growing at a compound annual growth rate (CAGR) of 13.1%.
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What are the Key Growth Drivers Fueling the Building Automation System Market?
The key drivers in the building automation system market are:
• Rapid urbanization and smart city initiatives
• Emphasis on sustainability and green building practices
• Integration of building automation systems with cloud and edge computing
• Enhanced cybersecurity measures and remote monitoring and control capabilities
Global Market Segmentation: Identifying Major Building Automation System Industry Segments
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
3) By Technology: Wireless Technology, Wired Technology
4) By Application: Industrial, Residential, Commercial
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What are the Emerging Trends Shaping the Future of the Building Automation System Market?
The key trends in the building automation system market are:
• Rapid adoption of Internet of Things (IoT) and edge computing in building automation systems is an emerging trend.
• There is increasing focus on energy efficiency and sustainability in building management.
• Integration of Artificial Intelligence (AI) and Machine Learning (ML) into building automation systems is transforming the market.
• Enhanced cybersecurity measures, cloud-based solutions and remote accessibility are becoming increasingly prevalent in the industry.
Who Are the Top Competitors & Leading Players in the Building Automation System Market?
The major players in the building automation system market are:
• Honeywell International Inc
Regional Dominance: Which Area Leads the Global Building Automation System Market?
North America was the largest region in the building automation system market in 2024
