Building Automation Systems Market, by System (Security & Surveillance, HVAC, Lighting Solutions, Building Energy Management and Others), by Application (Commercial, Residential, Government and Others) and by Region (North America, Europe, Asia Pacific, L

Building Automation Systems Market, by System (Security & Surveillance, HVAC, Lighting Solutions, Building Energy Management and Others), by Application (Commercial, Residential, Government and Others) and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The building automation system (BAS) is an interlinked intelligent system of both software and hardware combined. This system is used to monitor and control heating arrangement, venting and air conditioning system (HVAC), lighting, security, and other systems. The single platform is used to communicate in between all these services. Generally, a building controlled by BAS is referred to as an intelligent building or smart building or a smart home. The primary aim to use to use BAS in buildings are energy savings, enhanced comfort, and reduced costs. The building automation system (BAS) are used in Commercial, Residential, Government and many other applications.
Market Dynamics
The internet penetration among the peoples life is on rise, making human more dependable on technology for daily use. The ability of building automation system (BAS) to control the home devices on single platform using internet is fueling the growth of the global building automation technology. For instance, according to coherent market insights analysis, In India there was around 500 Millions of internet users in 2021 and it is expected to reach around 570 Million in 2020.
As building automation system (BAS) is new technology, to attract more customer builders and project developers are providing houses, offices equipped with building automation system (BAS). This way project developers are able remain comparative in the construction market. For instance, according to coherent market insights analysis, In Japan, the building automation system (BAS) market is expected to reach around 5 Billion in 2027 from 2.7 in 2019. The BAS is majority of the adoption is in new construction. The adoption of BAS in new construction is expected to drive the global building automation system (BAS) market in the forecast period.
Market Taxonomy
This report segments the global building automation systems market on the basis of system, application and region. On the basis of system, global building automation systems market is segmented into security & surveillance, HVAC, lighting solutions, building energy management and others. On the basis of application, the global building automation systems market is segmented into commercial, residential, government, others. On the basis of region, global building automation systems market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global building automation systems market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global building automation systems market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global building automation systems market includes Johnson Controls, Inc., United Technologies Corporation, Cisco Systems Inc., Honeywell International Inc., Legrand SA, Siemens AG, Schneider Electric SE, Ingersoll-Rand plc., Bosch Security Systems, Philips Lighting Holding B.V., General Electric Company, Lennox International Inc., and Rheem Manufacturing Company.
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global building automation systems market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global building automation systems market.
Detailed Segmentation:
Global Building Automation Systems Market, By System:
Security & Surveillance
HVAC
Lighting Solutions
Building Energy Management
Others
Global Building Automation Systems Market, By Application:
Commercial
Residential
Government
Others
Global Building Automation Systems Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Johnson Controls, Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
United Technologies Corporation
Cisco Systems Inc.
Honeywell International Inc.
Legrand SA
Siemens AG
Schneider Electric SE.
Ingersoll-Rand plc.
Bosch Security Systems
Philips Lighting Holding B.V.
General Electric Company
Lennox International Inc.
Rheem Manufacturing Company
*Browse all the market data tables and figures on “Global Building Automation Systems Market- Forecast to 2027”