Building Automation Systems Market Latest Trends, Technological Advancement, Driving Factors and Growth Forecast to 2030 | Honeywell, Siemens, ABB

PRESS RELEASE
Published August 23, 2023

The latest market study of Infinity Business Insights offers a thorough evaluation of the potential growth of the Building Automation Systems market. This study delivers valuable insights and statistics on the market’s size and structure, serving as a valuable resource to comprehend its dynamics.

The Global Building Automation Systems market aims to provide significant statistical evidence for the industry, offering valuable insights to readers to navigate market challenges. The study includes a comprehensive analysis of factors such as global distribution, market size, and influences impacting global contributions. Additionally, the Building Automation Systems study focuses on a detailed competitive landscape, identifying growth opportunities, market share, product types, and applications. It highlights key companies and their strategies employed. Overall, the study provides a comprehensive understanding of the market dynamics and assists readers in making informed decisions.

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The global building automation systems (BAS) market is expected to grow at a CAGR of 10.2% from 2023 to 2030, reaching a value of USD 164.4 billion by 2030. Brace yourself for consistent year-on-year growth, shaping a promising future for the next 7 years.

The Key Players in this Building Automation Systems Market are: Honeywell International Inc. (U.S.), Siemens AG (Germany), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), United Technologies Corp. (U.S.), Robert Bosch GmbH (Germany), Legrand SA (France), Hubbell Inc. (U.S.), ABB Ltd. (Switzerland), Ingersoll-Rand Plc (Ireland), Lutron Electronics Co., Inc. (U.S.), Crestron Electronics, Inc. (U.S.), BuildingIQ (U.S.).

Building Automation Systems Market Overview:
The Building Automation Systems Market involves the industry centered around technology solutions that integrate and automate various systems within buildings, such as lighting, HVAC, security, and energy management. These systems use sensors, controllers, and software to monitor and control building functions, optimizing energy usage, enhancing occupant comfort, and improving operational efficiency. The market’s growth is driven by the increasing demand for smart and sustainable buildings that reduce costs and environmental impact. Building Automation Systems contribute to a more connected and responsive built environment, allowing facility managers to streamline operations and occupants to enjoy safer, more comfortable, and energy-efficient spaces.

Global Building Automation Systems: Scope of the Report
Our comprehensive market analysis delves into the Global Building Automation Systems Market, providing insights into its size, trends, and projections. The Building Automation Systems Market report examines key drivers and restraints impacting the market dynamics, offering regional insights to inform strategic decision-making in response to evolving market trends.

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Global Building Automation Systems Market: Segmental Analysis

Building Automation Systems Market by Type:
Security Systems
Life Safety Systems
Facility Management Systems
Buiding Energy Management System

Building Automation Systems Market by Application:
Residential
Commercial
Industrial

Regional Overview:
In terms of region, this report is segmented into several key regions, with sales, revenue, market share, and growth rate of Building Automation Systems Market in these regions, from 2023 to 2030 covering.
North America (United States, Canada, Mexico)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Rest of Asia Pacific)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and Rest of Europe)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)

Building Automation Systems Market Challenges and Opportunities:
The building automation systems market faces distinct challenges and opportunities. Challenges encompass interoperability issues among diverse building systems, ensuring cybersecurity for connected devices, and addressing the retrofitting of older buildings. These challenges drive opportunities for developing open-standard protocols, leveraging AI for predictive maintenance and energy optimization, and offering comprehensive cybersecurity solutions. The market’s growth potential lies in smart building trends, sustainability initiatives, and efficient facility management. Incorporating edge computing for real-time analytics and embracing Internet of Things (IoT) devices can enhance system performance. Collaborating with facility management companies and adhering to evolving building codes can drive innovation. Balancing technological advancements with user comfort and sustainability is essential for building automation systems providers to thrive in an evolving built environment.

Research Methodology:
Secondary Research

Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Primary Research
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like supplier, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

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Extracts from Table of Content:
Chapter 1: Overview of the Building Automation Systems market on a global scale
Chapter 2: Detailed analysis of the different types or segments within the Building Automation Systems market
Chapter 3: Analysis of the market based on major applications, including revenue and volume breakdown
Chapter 4: Examination of the manufacturing aspect of the Building Automation Systems market, including breakdowns and insights into key Companies
Chapter 5: Study of sales and market estimates for the Building Automation Systems industry, including trends and projections

Chapter 8: Evaluation of manufacturers’ market activities, deals, closures, and their competitiveness
Chapter 9: Breakdown of key companies by Building Automation Systems market size and revenue across different types or segments
Chapter 10: Analysis of the business and industry chain, including value and supply chain analysis
Chapter 11: Conclusions drawn from the analysis and an appendix containing supplementary information.

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