North America Building Automation SystemsCompanies (2024 - 2029)

North America Building Automation Systems Market Companies Summary

The North American building automation systems market is expected to grow due to the increasing number of commercial buildings and the growing demand for reductions in energy consumption levels. The market is partially consolidated with a number of key players manufacturing various products. These companies are focusing on developing innovative techniques to reduce and optimize building energy use. Building energy management systems (BEMS) have gained popularity due to the increasing interest in energy conservation and savings. The technology for building automation systems (BAS) has advanced significantly and is continually improving. However, many building managers still manually operate HVAC systems due to lack of faith in the automation systems, often due to improper configuration by installation contractors. The COVID-19 outbreak slowed down most commercial and industrial construction projects, with some even being cancelled. However, after the pandemic, these projects resumed, propelling market growth. The companies in this market are expected to benefit from the increasing initiatives and directives for energy and operational efficiency.