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Navigating the Future: Building Automation And Control System Market Trends and Forecast Insights, 2025 Edition
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Building Automation And Control System Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for building automation and control systems has seen swift growth. The valuation is predicted to increase from $96.36 billion in 2024 to $106.95 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.0%. This significant growth in the earlier period can be linked to factors like the implementation of energy efficiency regulations, the need for cost reduction, a shift towards intelligent buildings, increased emphasis on comfort and wellbeing of inhabitants, and the need for immediate monitoring and control.
How Will the Building Automation And Control System Market Size Evolve and Grow by 2029?
The market size for building automation and control systems is projected to experience a robust expansion in the upcoming years, expected to reach $162.88 billion by 2029 at a CAGR of 11.1%. This growth over the forecast period is largely due to factors such as advancing energy efficiency and sustainability, the development of smart cities and infrastructure, improved connectivity and interoperability, and the escalation of remote work and monitoring. Key trends expected to shape the forecast period involve the inclusion of AI and machine, broadening of IoT connectivity, the rise in edge computing, the uptake of cloud-based solutions, and the evolution of smart building platforms.
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What Drivers Are Propelling the Growth of Building Automation And Control System Market Forward?
The surge in the construction of intelligent structures is anticipated to fuel the expansion of the building automation and control system market in the future. Advanced technology and interconnected systems are used in smart buildings to maximize energy efficiency, heighten the comfort of occupants, increase operational capability, and enhance the overall performance of the building. The escalating construction of smart buildings is a result of cost-saving prospects, regulatory mandates, and the escalating demand for networked and intelligent environments. The building automation and control system facilitates essential connectivity and assimilation options to assure the compatibility and collaboration of different elements, enabling centralized regulation and observation of building operations. For example, in May 2022, Buildup., a climate, infrastructure, and environment executive agency based in Europe, reported that the global count of smart buildings would reach 115 million by 2026, a considerable increase from 45 million in 2022. Consequently, the burgeoning of smart buildings is propelling the expansion of the building automation and control system market.
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What Trends Will Shape the Building Automation And Control System Market Through 2029 and Beyond?
Leading firms in the building automation and control system market are introducing cutting-edge products like IoT-driven smart actuators to boost building automation and refurbishment procedures. Smart actuators infuse conventional actuation functions with intelligent technology features, often including sensors, connectivity, and control systems. For example, Sauter AG, a company based in Switzerland specializing in building automation, unveiled a new series of IoT-enabled actuators in July 2022, whilst expanding its product range. This progressive technology facilitates air conditioning, ventilation, and heating with complete or semi-autonomous control. Other benefits include easy setup and installation, cloud connectivity with an application library and remote access, plus a smartphone app.
What Are the Key Segments in the Building Automation And Control System Market?
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
Subsegments:
1) By Solution: Hardware, Software
2) By Services: Installation And Integration, Support And Maintenance, Managed Services
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Who Are the Key Players Shaping the Building Automation And Control System Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Building Automation And Control System Market?
Asia-Pacific was the largest region in the building automation and control system market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the building automation and control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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