Global Building Automation and Control Systems Market Growth (Status and Outlook) 2023-2029

Global Building Automation and Control Systems Market Growth (Status and Outlook) 2023-2029

Building automation is the automatic centralized control of a building's heating, ventilation and air conditioning, lighting and other systems through a building management system or building automation system (BAS). The objectives of building automation are improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs, and improved life cycle of utilities.

LPI (LP Information)' newest research report, the “Building Automation and Control Systems Industry Forecast” looks at past sales and reviews total world Building Automation and Control Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Building Automation and Control Systems sales for 2023 through 2029. With Building Automation and Control Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Building Automation and Control Systems industry.

This Insight Report provides a comprehensive analysis of the global Building Automation and Control Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Building Automation and Control Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Building Automation and Control Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Building Automation and Control Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Building Automation and Control Systems.

The global Building Automation and Control Systems market size is projected to grow from US$ 63000 million in 2022 to US$ 92130 million in 2029; it is expected to grow at a CAGR of 5.6% from 2023 to 2029.

Energy management needs and the growing emphasis on reducing utility costs, continue to drive the adoption of building automation systems. Majority of the large buildings today are equipped with these solutions in the developed parts of the world. Proactive measures taken by government organizations for the implementation of standards, such as ISO 50001 (energy-management-system standard) in the building sector, have the potential to stimulate the integration of building automation systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Building Automation and Control Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Building Management Software
Environmental Control
Lighting Management

Segmentation by application
Commercial
Residential
Government

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
Honeywell International
Philips Lighting Holding
United Technologies
Lennox international
GENERAL ELECTRIC
Bosch Security Systems
Schneider Electric
Legrand
Cisco Systems

Please note: The report will take approximately 2 business days to prepare and deliver.