Building Automation System Market to Exhibit a Remarkable CAGR of 10% by 2031, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

The global building automation system market size was valued at USD 90.42 billion in 2023 and is projected to reach USD 193.82 billion by 2031, with a CAGR of 10% during the forecast period of 2024 to 2031

A building automation system (BAS) is a centralized control system that monitors and manages a building's mechanical, electrical, and electromechanical systems. It uses sensors, controllers, and actuators to automate and optimize the operation of HVAC (Heating, Ventilation, and Air Conditioning), lighting, security, fire alarms, and other systems.

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Some of the major players operating in the Building Automation System market are Siemens AG (Germany), Honeywell International Inc. (U.S.), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), ABB Ltd. (Switzerland), United Technologies Corporation (U.S.), Mitsubishi Electric Corporation (Japan), Delta Controls Inc. (Canada), Eaton Corporation (Ireland), Rockwell Automation Inc. (U.S.), Legrand SA (France), Crestron Electronics Inc. (U.S.), Beckhoff Automation GmbH & Co. KG (Germany), Lutron Electronics Co. Inc. (U.S.), Ingersoll Rand Inc. (Ireland)

Global Building Automation System  Market Scope
The market is segmented on the basis of component, system type, technology, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Hardware
oControllers
oField Devices
Software
Services
System Type
Facility Management Systems (FMS)
Fire Protection Systems
Security And Access Control Systems
Energy Management Systems
Building Management Software (BMS)
Others
Technology
Wireless Technologies
Wired Technologies
Application
Commercial
Residential
Industrial

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