What is the Historical Analysis of the Building Automation System Market Size?
The building automation system market has seen considerable growth due to a variety of factors.
•The market size of the building automation system has seen a swift expansion in the past years. The estimated growth predicts a rise from $99.76 billion in 2024 to $111.23 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 11.5%.
Factors contributing to this growth during the historical period include energy efficiency and cost savings, government rules and incentives, the increasing demand for smart buildings, considerations of occupant comfort and wellbeing, and the integration of various building systems.
What is the Forecasted Growth of the Building Automation System Market Size?
The building automation system market is expected to maintain its strong growth trajectory in upcoming years.
• The market for building automation systems is forecasted to experience a brisk expansion in the forthcoming years. It is projected to ascend to a value of $181.77 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%.
This accelerated growth during the projection timeline can be related to swift urban development and smart city projects, concentration on sustainability and eco-friendly buildings, incorporation of cloud and edge computing, remote surveillance and administration, and cybersecurity strategies. Major developments during this time are expected to include fast incorporation of IoT and edge computing, a emphasis on energy conservation and sustainability, utilization of artificial intelligence (AI) and machine learning (ML), amplified cybersecurity protocols, and the use of cloud-based solutions with remote accessibility.
What Are The Primary Growth Drivers In The Building Automation System Market?
The building automation system market is poised for growth due to increasing construction activities. The term construction activity describes the building or assembly of physical structures, such as buildings, roads, bridges, and other major projects. As the construction sector expands, a related surge in demand for building automation systems (BAS) is anticipated. Automating certain processes can alleviate some of the administrative pressures on engineering staff while also making construction management more efficient in crucial areas. For example, data from the Office for National Statistics, a reputable national statistics organization based in the UK, indicated that construction output in the UK was on track to mount by 1.2% in the three months up to July 2024. This was backed by expansion in new work (1.6%) and repair and maintenance (0.8%), with notable hikes of 1.7% in May and 0.5% in June 2024. As such, escalating construction activities are propelling the growth of the building automation system market.
What Is The Segmentation Of The Global 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
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What Emerging Trends Are Shaping The Building Automation System Market Landscape?
The rise of technological advancements is a prominent trend in the building automation system industry. Leading companies in this market are deploying innovative technologies to consolidate their presence. For example, Daikin Applied Americas Inc., a firm based in the US that specializes in designing, manufacturing, and supplying HVAC systems, launched SiteLine Building Controls in January 2022. This gives access to a scalable network of cloud-based technologies for easy connection, monitoring, and management of individual HVAC equipment pieces and integrated building systems. This new suite of controls provides inclusive visibility into the entire HVAC ecosystem, facilitating the creation of comfortable and eco-friendly living and working spaces. It also simplifies the connection of equipment from various brands, addressing integration issues faced by engineers and contractors routinely.
Who Are the Key Players in 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 are the Regional Insights into 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
