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

Global Building Automation System 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 System Industry Forecast” looks at past sales and reviews total world Building Automation System sales in 2022, providing a comprehensive analysis by region and market sector of projected Building Automation System sales for 2023 through 2029. With Building Automation System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Building Automation System industry.

This Insight Report provides a comprehensive analysis of the global Building Automation System 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 System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Building Automation System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Building Automation System 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 System.

The global Building Automation System market size is projected to grow from US$ 61300 million in 2022 to US$ 91640 million in 2029; it is expected to grow at a CAGR of 5.9% from 2023 to 2029.

The wired communication technology held a larger size of the BAS market in 2017. In terms of application, commercial application held the largest size of the BAS market in 2017. The increased rate of implementation of BAS in large shopping complexes, office buildings, and public transport areas such as airports and railway stations is encouraging the growth of the BAS market for commercial application.

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

Market Segmentation:

Segmentation by type
Wired Technology
Wireless Technology

Segmentation by application
Residential
Commercial
Industrial

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.
Honeywell
Siemens
Johnson Controls
Schneider Electric
United Technologies
Robert Bosch
Legrand
Hubbell
ABB
Ingersoll-Rand
Lutron Electronics
Crestron Electronics
Buildingiq

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