Building Automation System Market Scope And Analysis

Report Code : TIPRE00004033
Category : Electronics and Semiconductor

Status : Published
No. of Pages : 254

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Building Automation System Market Scope and Analysis by 2031

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Building Automation System Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 76.75 Billion
Market Size by 2031	US$ 167.40 Billion
Global CAGR (2023 - 2031)	10.2%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Hardware Software and Services By End User Commercial Industrial Residential
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ABB Ltd Mitsubishi Electric Corporation Bosch Sicherheitssysteme GmbH Honeywell International Inc Schneider Electric Siemens AG Johnson Controls International Carrier Lutron Electronics Co Inc Trane Technologies

Building Automation System Market News and Recent Developments

The building automation system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the building automation system market are listed below:

Honeywell and Analog Devices, Inc. announced at CES 2024 that they have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring, which will help reduce cost, waste, and downtime. The strategic alliance would bring this new technology to building management systems for the first time.

(Source: Honeywell International Inc., Press Release, January 2024)

Siemens Smart Infrastructure has launched Connect Box, an open and easy-to-use IoT solution designed to manage small to medium-sized buildings. The latest addition to the Siemens Xcelerator portfolio, Connect Box, is a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to 30 percent and to substantially improve indoor air quality in small to medium-sized buildings such as schools retail shops, apartments or small offices. Siemens Xcelerator is an open digital business platform that enables customers to accelerate their digital transformation easier, faster and at scale.

(Source: Siemens, Press Release, March 2023)

Building Automation System Market Report Coverage and Deliverables

The “Building Automation System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Building automation system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Building automation system market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Building automation system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the building automation system market
Detailed company profiles