Building Automation Systems Market by Product Type (Hardware, Software), by Application (HVAC Systems, Safety, Security Systems, Energy Systems, Sanitization Systems, Others), by End User (Residential, Commercial, Industrial), by End User vs. Area Size (Residential, Commercial, Industrial), by By Product Type (Hardware), by Software (By Application), by Industrial (By End User vs. Area Size), by Commercial (Less than 25, 000 sq. ft., 25, 000 to 100, 000 sq. ft., Above 100, 000 sq. ft.), by Industrial (Below 50, 000 sq. ft., 50, 000 to 200, 000 sq. ft., Above 200, 000 sq. ft.), by North America (U.S., Canada, Mexico), by Europe (U.K., Germany, Italy, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), by Middle East and Africa (South Africa, GCC, Rest of Middle East and Africa), by South America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Building Automation Systems Market size was valued at USD 73.80 USD billion in 2023 and is projected to reach USD 124.85 USD billion by 2032, exhibiting a CAGR of 7.8 % during the forecast period. Building automation systems typically collect together the building technical services based on computer networks and control them, e.g. heating, ventilation, air conditioning (HVAC), lighting, security and so on. Different types of BMS are available, for instance, HVAC control, lighting control, and integrated control systems that have a combination of various functions. BAS comprises crucial features which are centralized management, real-time monitoring, energy management systems, and remote access. Applications are very wide where commercial and industrial facilities, residential complexes and smart homes are not left out. The benefits of BAS are substantial: they enhance energy efficiency and reduce operating costs while at the same time being a health and convenience measure for the occupants. BAS helps to minimize operational building requirements and maintain equipment to reduce its maintenance cost and centre its longevity.
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The Asia Pacific region is expected to be the largest market for building automation systems during the forecast period, due to the rapid growth of the construction industry in the region. North America and Europe are also expected to be major markets for building automation systems, due to the high demand for energy efficiency and smart building technologies in these regions.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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