Building Automation and Control Systems Market, Global Outlook and Forecast 2023-2032
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.
This report aims to provide a comprehensive presentation of the global market for Building Automation and Control Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Building Automation and Control Systems. This report contains market size and forecasts of Building Automation and Control Systems in global, including the following market information:
Global Building Automation and Control Systems Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Building Automation and Control Systems market was valued at US$ 66260 million in 2022 and is projected to reach US$ 94160 million by 2029, at a CAGR of 5.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Energy management needs and the growing emphasis on reducing utility costs, continue to drive the adoption of building automation systems. Majority of the large buildings today are equipped with these solutions in the developed parts of the world. Proactive measures taken by government organizations for the implementation of standards, such as ISO 50001 (energy-management-system standard) in the building sector, have the potential to stimulate the integration of building automation systems.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Building Automation and Control Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Building Automation and Control Systems Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Building Automation and Control Systems Market Segment Percentages, by Type, 2022 (%)
Building Management Software
Environmental Control
Lighting Management
Global Building Automation and Control Systems Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Building Automation and Control Systems Market Segment Percentages, by Application, 2022 (%)
Commercial
Residential
Government
Global Building Automation and Control Systems Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Building Automation and Control Systems Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Building Automation and Control Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Building Automation and Control Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Siemens
Honeywell International
Philips Lighting Holding
United Technologies
Lennox international
GENERAL ELECTRIC
Bosch Security Systems
Schneider Electric
Legrand
Cisco Systems
Outline of Major Chapters:
Chapter 1: Introduces the definition of Building Automation and Control Systems, market overview.
Chapter 2: Global Building Automation and Control Systems market size in revenue.
Chapter 3: Detailed analysis of Building Automation and Control Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Building Automation and Control Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
