Building Automation System Market in North America Market Research Insights with Upcoming Trends, Size, Share, Segmentation, Business Opportunities and Forecast to 2031

The North America Building Automation System Market was valued at US$ 26,941.14 million in 2023 and is expected to reach US$ 56,607.91 million by 2031; it is estimated to register a CAGR of 9.7% from 2023 to 2031.

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Building automation systems (BAS) improve a building's security system with the implementation of cutting-edge instruments and techniques. It provides better security to the building's occupants as well as protects assets, corporate resources, property, and IT data. In addition to preventing property damage and theft, the system also provides security against employee fraud. The system can also be programmed to detect possible safety issues, such as gas fires or leaks, and take appropriate action to limit these risks. Further, the elevator access control system helps block access to select floors and areas within the building that are deemed restricted by the management staff.

Analysis of the Top Market Players:

1. ABB Ltd
2. Mitsubishi Electric Corp
3. Bosch Sicherheitssysteme GmbH
4. Honeywell international Inc
5. Schneider Electric SE
6. Siemens AG
7. Johnson Controls International Plc
8. Carrier Global Corp
9. Lutron Electronics Co., Inc
10. Trane Technologies Plc

In this report, the market has been segmented on the basis of:

Component [Hardware (Security & Surveillance System, Facility Management Systems, Fire Protection Systems, and Others)

Software & Services] and End User (Commercial, Industrial, and Residential)

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Also, the system guards against security breaches and allows temporary network traffic to be directed within the facility. Only authorized personnel are granted access in access control management. Furthermore, every activity occurring within the building is recorded and stored by access control software. A building's indoor environmental quality (IEQ) and comfort can both be improved by using building automation systems. These systems can be designed to keep the temperature and humidity levels consistent and comfortable across the building. To guarantee that the air in a building is clean and uncontaminated, BAS is used to monitor and manage the air quality, especially in structures with large occupancy rates, such as office and school buildings. Thus, the rising need for enhanced comfort, safety, and security among building occupants drives the building automation market.

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