Building Automation And Control System Global Market Report 2024 - By Size, Share, Report And Trends, Forecast To 2033

"The new report published by The Business Research Company, titled ""Building Automation And Control System Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the building automation and control system market size has grown strongly in recent years. It will grow from $87.90 billion in 2023 to $96.36 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The building automation and control system market size is expected to see rapid growth in the next few years. It will grow to $141.05 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.

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The Impact Of The Rise In Smart Buildings On The Building Automation And Control System Market
The rise in smart building construction is expected to propel the growth of the building automation and control system market going forward. Smart buildings utilize advanced technology and interconnected systems to optimize energy efficiency, enhance occupant comfort, improve operational efficiency, and increase overall building performance. Smart building construction is increasing due to cost-saving opportunities, regulatory requirements, and the growing demand for connected and intelligent spaces. The building automation and control system provides the necessary connectivity and integration capabilities to ensure interoperability and coordination among various components, enabling centralized control and monitoring of building operations. For instance, in May 2022, according to reports published by Buildup., a Europe-based climate, infrastructure, and environment executive agency, globally there will be 115 million smart buildings by 2026, up from 45 million in 2022. Therefore, the rise in smart buildings is driving the growth of the building automation and control system market.

Sauter AG Unveils Next-Gen IoT-Capable Smart Actuators
Major companies operating in the building automation and control system market are developing innovative products, such as IoT-based smart actuators, to enhance building automation and renovation processes. The smart actuators combine traditional actuation capabilities with smart technology features, typically incorporating sensors, connectivity, and control mechanisms. For instance, in July 2022, Sauter AG., a Switzerland-based building automation company, launched a new generation of IoT-capable actuators and is extending its product line. This innovative technology enables air conditioning, ventilation, and heating with fully or partially autonomous control. Simple commissioning and installation, cloud connectivity with an application library and remote access, and a smartphone app are other advantages.

The building automation and control system market covered in this report is segmented -
1) By Offerings: Solution, Services
2) By Technology: Wired, Wireless
3) By End User: Residential, Commercial, Industrial

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Major companies operating in the building automation and control system market are Robert Bosch GmbH, Hitachi Ltd., Siemens AG, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd, Johnson Controls International plc, Trane Technologies plc, Emerson Electric Co., Legrand SA, Rockwell Automation Inc., Signify Holding B.V., Hubbell Incorporated, Lennox International Inc., Acuity Brands Inc., Carrier Global Corporation, Crestron Electronics Inc., Leviton Manufacturing Co. Inc., Beckhoff Automation GmbH & Co. KG, Snap One LLC, Lutron Electronics Co. Inc., Current Lighting Solutions LLC., Dialight plc, Uplight Inc.

Contents of the report:
1. Executive Summary
2. Building Automation And Control System Market Report Structure
3. Building Automation And Control System Market Trends And Strategies
4. Building Automation And Control System Market - Macro Economic Scenario
5. Building Automation And Control System Market Size And Growth
…..
27. Building Automation And Control System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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