How big is the Building Automation Systems Market?

The Building Automation Systems Market size is expected to reach USD 201.08 billion in 2024 and grow at a CAGR of 10.55% to reach USD 332.01 billion by 2029. Read More

What is the current Building Automation Systems Market size?

In 2024, the Building Automation Systems Market size is expected to reach USD 201.08 billion. Read More

Who are the key players in Building Automation Systems Market?

Honeywell International Inc., Cisco Systems Inc., Trane Technologies, Lutron Electronics Co. Ltd and Hubbell Inc. are the major companies operating in the Building Automation Systems Market. Read More

Which is the fastest growing region in Building Automation Systems Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Building Automation Systems Market?

In 2024, the Europe accounts for the largest market share in Building Automation Systems Market. Read More

What years does this Building Automation Systems Market cover, and what was the market size in 2023?

In 2023, the Building Automation Systems Market size was estimated at USD 181.89 billion. The report covers the Building Automation Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Building Automation Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Which sectors are driving the demand for the Business Automation System (BAS) Market?

Major sectors driving the demand for BAS Market are commercial buildings, residential complexes, industrial facilities, and government infrastructure, with commercial buildings being the largest users. Read More

Building Automation Systems Market Analysis and Growth Forecast

Building Automation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Building Automation and Control System Market is segmented by Component (Hardware, Software, Services), End-User (Residential, Commercial, Industrial), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizing and forecasts are provided in terms of value (USD billion) for all the above segments.

Building Automation Systems Industry Overview

The Building Automation Systems Market is fragmented, with major players like Honeywell International Inc., Cisco Systems Inc., Trane Technologies, Lutron Electronics Co. Ltd, and Hubbell Inc. Companies are also increasing their market presence by introducing new products, expanding their operations, or by entering into strategic mergers and acquisitions.

May 2022: Mitsubishi Electric Trane HVAC US, a leading provider of ductless and ducted mini-split and variable refrigerant flow (VRF) heat-pump and air-conditioning systems, announced the release of Building Connect+, an expanded version of the cloud-based controls and monitoring platform. Building Connect+ is a pre-engineered cloud-based secure control and monitoring platform for controlling and managing CITY MULTI systems and BACnet-enabled third-party devices.
March 2022 - Hitachi Elevator Co. Ltd, a joint venture company of Hitachi Ltd and Siam Motors Group (the exclusive sales and service company of elevators and escalators in Thailand), announced that it had launched a full-scale Smart Building Solution business for the first time in Thailand and Southeast Asia. This aims to provide value to buildings with physical security system and digital service for the new normal by utilizing teh Lumada IoT platform.