Building Automation Systems Market In North America 2024-2028
The building automation systems market in North America is forecasted to grow by USD 18.52 bn during 2023-2028, accelerating at a CAGR of 11.8% during the forecast period. The report on the building automation systems market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing focus on sustainability and green building practices, emphasis on enhanced user experience and occupant engagement in bas, and rising demand for smart buildings in North America.
Technavio's building automation systems market in North America is segmented as below:
By Application
- Commercial
- Industrial
- Residential
By Technology
By Geographical Landscape
This study identifies the integration of predictive analytics and ai with bas as one of the prime reasons driving the building automation systems market in North America growth during the next few years. Also, emergence of digital twins and building performance modeling and growing shift towards open protocols and interoperability of bas will lead to sizable demand in the market.
The report on the building automation systems market in North America covers the following areas:
- Building automation systems market in North America sizing
- Building automation systems market in North America forecast
- Building automation systems market in North America industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading building automation systems market in North America vendors that include ABB Ltd., Carrier Global Corp, Emerson Electric Co., Honeywell International Inc., Hubbell Inc., Johnson Controls, Legrand, Mitsubishi Electric Corp., OMRON Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Texas Instruments Inc., Trane Technologies plc, and Rockwell Automation Inc.. Also, the building automation systems market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.