Key Trends Influencing the Growth of the Building Automation System Market in 2025: Daikin Applied Americas Inc. Elevates Building Automation With Siteline Is A Breakthrough In Cloud-Based HVAC Control Technology

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What Is the Expected CAGR for the Building Automation System Market Through 2025?
The market size for building automation systems has seen a speedy expansion in the previous years. It is projected to elevate from $99.76 billion in 2024 to $111.23 billion in 2025, with a compound annual growth rate (CAGR) of 11.5%. Factors such as energy efficiency and cost savings, government regulations and incentives, the need for smart buildings, the comfort and well-being of occupants, and the integration of building systems have contributed to the growth in the historic period.

What's the Projected Size of the Global Building Automation System Market by 2029?
Anticipations are high for the building automation system market size to undergo significant expansion in the imminent years, escalating to a whopping $181.77 billion in 2029, and yielding a 13.1% compound annual growth rate (CAGR). The growth projections for this period hinge on factors like swift urbanization alongside smart city campaigns, emphasis on eco-friendliness and green buildings, incorporation of cloud and edge computing, remote monitoring and control, and cyber security safeguards. The pending period ushers in trends such as the quick acceptance of IoT and edge computing, focus on energy conservation and sustainability, integration of cutting-edge technologies like Artificial Intelligence (AI) and Machine Learning (ML), elevated cybersecurity protocols, cloud-centric solutions, and the provision for remote accessibility.

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Top Growth Drivers in the Building Automation System Industry: What's Accelerating the Market?
The building automation system market is likely to benefit from a surge in construction activities. These activities encompass the creation of various physical infrastructures, including buildings, roads, bridges, among others. A rise in such activities is predictors of a proportional surge in the need for building automation systems (BAS). Automation tools can reduce managerial burdens on engineering staff and support construction managers in enhancing productivity in vital areas. As an example, in September 2024, data released by the Office for National Statistics, an authoritative statistics body in the UK, predicted a 1.2% increase in the UK's construction output over the three months concluding in July 2024. This was driven by new work growth (1.6%), and repair and maintenance (0.8%), with notable rises of 1.7% in May and 0.5% in June 2024. Therefore, the upward trend in construction activities is fueling the expansion of the building automation system market.

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What Trends Will Shape the Building Automation System Market Through 2029 and Beyond?
The emergence of technological innovations is a significant trend that is gaining traction in the building automation system market. Many prominent firms in this sector are introducing groundbreaking technologies to cement their market position. As an example, Daikin Applied Americas Inc., a company based in the U.S. that specializes in designing, manufacturing, and distributing HVAC systems, unveiled the SiteLine Building Controls in January 2022. This collection of scalable, cloud-based technologies makes the connection, monitoring, and management of individual HVAC units and complete building systems more straightforward. The newly introduced controls range provides a detailed overview of the whole HVAC environment, which aids in establishing comfortable and eco-friendly work and living spaces. Moreover, it eliminates integration issues that engineers and contractors frequently face by easily connecting various brands of equipment.

What Are the Main Segments in the Building Automation System Market?
The building automation system market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Offerings: Facility Management Systems, Security And Access Controls, Fire Protection Systems, Building Energy Management Software, Building Automation System Services, Other Offerings
2) By Technology: Wireless Technology, Wired Technology
4) By Application: Industrial, Residential, Commercial

Subsegments:
1) By Hardware: Sensors, Actuators, Controllers, Switches And Relays, HVAC Control Systems, Lighting Control Systems, Security And Access Control Systems
2) By Software: Building Management Software, Energy Management Software, Facility Management Software, Security Management Software, Integrated Building Automation Software, Cloud-Based Building Automation Solutions

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Which Top Companies are Driving Growth in the Building Automation System Market?
Major companies operating in the building automation system market include Honeywell International Inc., Robert Bosch GmbH, Johnson Controls International plc, Mitsubishi Electric Corporation, ABB Ltd., Schneider Electric SE, Siemens AG, Hubbell Inc., United Technologies Corporation, Ingersoll-Rand plc, General Electric Company, Cisco Systems Inc., Trane Technologies, Lutron Electronics Co. Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Emerson Electric Co., Legrand, Control4 Corporation, Automated Logic Corporation, Delta Controls Inc., Distech Controls Inc., Crestron Electronics Inc., Leviton Manufacturing Co. Inc., Lynxspring Inc., Reliable Controls Corporation, Tridium Inc., Carrier Corporation, Computrols Inc., Daikin Industries Ltd.

Which Regions Will Dominate the Building Automation System Market Through 2029?
North America was the largest region in the building automation system market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global building automation system market report during the forecast period. The regions covered in the building automation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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