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Top Growth Driver In The Building Automation And Control System Market 2025: Rise In Smart Buildings Fuels Market Growth
Building Automation And Control System Market
The global building automation and control system market reached a value of nearly $96.35 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.41% since 2019. The market is expected to grow from $96.35 billion in 2024 to $165.03 billion in 2029 at a rate of 11.36%. The market is then expected to grow at a CAGR of 10.73% from 2029 and reach $274.72 billion in 2034.
What strategies are being adopted by key players in the building automation and control system market?
The key players in the market are adopting extensive strategies in the building automation and control system market such as:
• Strengthen operational capabilities by launching new products.
• Form strategic partnerships to expand business expertise.
• Enhance overall operational efficiency and capabilities.
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To take advantage of opportunities, The Business Research Company suggests that building automation and control system companies enhance offerings:
• Advancing smart home technology to improve convenience.
• Forming strategic partnerships to drive smart building evolution.
• Enhancing manufacturing efficiency through digital factory solutions.
• Developing next-gen centralized systems for optimal indoor air quality.
• Implementing next-gen control platforms for optimized building operations.
• Innovating in building automation and control systems to support smart infrastructure.
• Advancing building automation to boost energy efficiency and sustainability.
What Is Building Automation And Control System: Market Overview?
Building automation and control system (BACS) is a centralized system that monitors, controls, and automates various building functions, such as heating, ventilation, and air conditioning (HVAC), lighting, security, fire safety, and energy management. It consists of hardware and software components that work together to improve efficiency, comfort, and safety in buildings. BACS integrates sensors, controllers, and communication networks to optimize building performance, reduce energy consumption, and enhance occupant comfort.
BACS is used continuously in buildings to regulate and automate essential functions such as climate control, lighting adjustments, security monitoring and access control. These systems are often integrated with complementary technologies such as smart sensors, Internet of Things (IoT) devices and cloud-based analytics platforms. Substitute solutions may include standalone HVAC or lighting controls, conventional manual security systems, or individual energy management tools, though they lack the unified automation and efficiency of BACS.
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Who Are The Major Companies Operating In The Global Building Automation And Control System Market?
The top ten competitors in the market made up 21.13% of the total market in 2023. Johnson Controls International PLC was the largest competitor with a 6.98% share of the market, followed by:
• Honeywell International Inc.
• Siemens AG
• ABB Ltd.
• Robert Bosch GmbH
• Delta Controls Corp.
• Schneider Electric SE
• Legrand S.A.
• General Electric Company (GE)
• Mitsubishi Electric Corporation
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