Press release
Emerging Growth Trends Driving Rapid Expansion in the Building Automation System Market
Building Automation System Market
Projected Market Growth and Size of the Building Automation System Market
The building automation system market is anticipated to experience robust growth, reaching a valuation of $204.14 billion by 2030. This reflects a compound annual growth rate (CAGR) of 13.1%. The surge is driven by rising deployment of AI-enabled building optimization tools, broader use of cloud-based automation platforms, and advancements in wireless and interoperable control technologies. Additional factors include growing demand for integrated multi-system platforms and the development of cutting-edge sensors for predictive facility management. Key trends shaping the market involve unifying multiple building control systems into singular platforms, expanding smart HVAC and lighting optimization solutions, increasing retrofit projects on older infrastructure, rising adoption of remote monitoring and predictive maintenance services, and enhanced security and access control deployments within commercial buildings.
Download a free sample of the building automation system market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10052&type=smp
Principal Companies Leading the Building Automation System Industry
The building automation system marketplace is dominated by numerous influential companies, including 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., and Daikin Industries Ltd.
In a notable development, Building Controls & Solutions LLC, a US-based firm specializing in building automation, acquired Canada's Yorkland Controls Limited in April 2024 for an undisclosed sum. This acquisition enhances Building Controls & Solutions LLC's product portfolio and strengthens its presence in the HVAC and building automation markets, positioning it for broader reach and improved service delivery.
View the full building automation system market report:
https://www.thebusinessresearchcompany.com/report/building-automation-system-global-market-report
Innovative Trends Energizing the Building Automation System Market
Leading players in the building automation field are investing heavily in innovative solutions like the Connect Box, a smart IoT device designed to manage small to medium-sized buildings. This solution can boost energy efficiency by up to 30% while significantly improving indoor air quality. For example, Siemens Smart Infrastructure, headquartered in Germany, launched the Connect Box in March 2023. Siemens Xcelerator, the company's open digital platform, simplifies and accelerates digital transformation initiatives for customers. The Connect Box's cloud-based interface enables centralized building management, offers proactive notifications about potential issues, and provides visual analytics for system performance, all accessible via smartphones or desktops. The Connect Box comes with two licensing options, making it adaptable to various customer needs.
Expanding on the Innovations Driving Market Growth
The Connect Box stands out for its ability to consolidate routine building management tasks into a single platform, streamlining operations and increasing efficiency. Its cloud connectivity ensures users can remotely manage systems with ease and receive timely insights, which are critical for optimizing building performance and reducing operational costs. This kind of smart technology is a clear example of how digital tools are transforming building automation, positioning the market for strong future growth as more customers seek intelligent, integrated solutions.
Detailed Breakdown of the Global Building Automation System Market
This report segments the building automation system market into several key categories:
By Component:
- Hardware
- Software
By Offerings:
- Facility Management Systems
- Security and Access Controls
- Fire Protection Systems
- Building Energy Management Software
- Building Automation System Services
- Other Offerings
By Technology:
- Wireless Technology
- Wired Technology
By Application:
- Industrial
- Residential
- Commercial
Further subsegments include:
Hardware components such as sensors, actuators, controllers, switches and relays, HVAC control systems, lighting control systems, and security and access control systems. Software divisions consist of building management software, energy management software, facility management software, security management software, integrated building automation software, and cloud-based building automation solutions.
These classifications offer a comprehensive view of the market's diverse offerings and help stakeholders understand where innovations and investments are concentrated as the industry evolves.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Emerging Growth Trends Driving Rapid Expansion in the Building Automation System Market here
News-ID: 4363812 • Views: …
More Releases from The Business Research Company
Market Driver Analysis: The Impact of Recent Advancements on the Drone-Assisted …
The use of drones for detecting dam leakages is emerging as a vital technological advancement with promising growth potential. As infrastructure monitoring becomes more sophisticated, integrating advanced tools like drones offers greater accuracy and efficiency in identifying issues early. Let's explore the current market valuation, key players, segmentation, and technological trends shaping the drone-assisted dam leakage detection industry.
Market Outlook and Growth Trajectory of the Drone-Assisted Dam Leakage Detection Market
The…
Emerging Sub-Segments Transforming the Building Thermal Insulation Market Landsc …
The building thermal insulation market is steadily gaining traction as the demand for energy-efficient construction solutions intensifies. Driven by evolving environmental standards and technological advancements, this industry is set for notable progress by 2030. Let's explore the market's size, influential players, ongoing trends, and key segments shaping its future.
Expected Growth Trajectory in the Building Thermal Insulation Market
The building thermal insulation market is projected to expand steadily, reaching a value…
Leading Companies Reinforce Their Presence in the Molecular Breeding Market
The molecular breeding sector is positioned for substantial expansion in the coming years, driven by technological advancements and growing demands in agriculture. With innovations focused on improving crop resilience and productivity, this market is set to play a crucial role in meeting global food security challenges. Below is a detailed examination of the market size, key players, emerging trends, and major segments contributing to this growth.
Projected Market Size and Growth…
Digital Twin Tunnel Ventilation Market Overview, Current Trends, and Key Player …
The digital twin tunnel ventilation sector is set for considerable expansion in the coming years, driven by technological advancements and increasing demand for efficient tunnel management solutions. This market is poised to witness substantial growth as innovations and digital integration become more prominent in tunnel ventilation systems worldwide.
Market Size and Growth Outlook for the Digital Twin Tunnel Ventilation Market
The digital twin tunnel ventilation market is projected to reach a…
More Releases for Building
U.S. Pre-engineered Metal Building Market Set for Explosive Growth| Star Buildin …
Archive Market Research published a new research publication on "U.S. Pre-engineered Metal Building Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the U.S. Pre-engineered Metal Building market was mainly driven by the increasing R&D spending across the world. Some of the key players…
Wireless Building Management System Know Your Building™
The world's most comprehensive Wireless Building Management System revolutionizing how we monitor, manage and monetise the real estate industry. It is an interplay of Hardware & Software.
Know Your Building™ is the progression of traditional building management and automation systems into an informative system. Using Know Your Building™ every kind of stakeholder in a building can derive value, from every point of a building like never before.
3rd Floor, Wework Chromium, Jogeshwari…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global ABS Sensor Market report is a concise study which extensively covers all the market statistics of ABS Sensor Industry. All the business trends, product portfolio, business tactics, and ABS Sensor industry landscape view is explained. The comprehensive research methodology and verified data sources will lead to data accuracy, authenticity, and reliability. The statistical data and ABS Sensor industry verticals presented in this report will lead to informed decision making.
The…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global Building Automation & Control Systems (BACS) Market report include current market scenario and offers a comprehensive analysis on Building Automation & Control Systems (BACS)industry, standing on the readers’ perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after…
Building Automation & Control System Market Insights and Forecast to 2025 | Hone …
Recent research and the current scenario as well as future market potential of "Global Building Automation & Control System Market Insights, Forecast to 2025" globally.
This report presents the worldwide Building Automation & Control System market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers,…
BUILDING SYSTEMS INTEGRATION AND BUILDING INTREGRATED SOLAR SYSTEMS
Optimizing energy performance in buildings requires an integrated approach to building systems design, analysis and implementation. Building-integrated Solar Systems (BISS) is an increasingly popular approach for using the building skin as a means to harvest solar energy.
More recent techniques involve systems of lighting, lighting controls, sensors and shading devices all integrated with the building skin, and in turn integrated with the building HVAC systems. Such design strategies can reduce heat…
