Building Automation System Market Size and Forecast (2021-2031)

Building Automation System Market Size and Forecast (2021-2031)

Building Automation System Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Security and Surveillance Systems, Facility Management Systems, Fire Protection Systems, and Others) and Software and Services], End User (Commercial, Industrial, and Residential), and Geography

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Description

The Building Automation System market is expected to grow from US$ 76.75 billion in 2023 to US$ 167.40 billion by 2031; it is estimated to record a CAGR of 10.2% from 2023 to 2031.

The growing acceptance of IoT and security concerns have propelled the building automation system market growth worldwide. Major industries, including government, energy, gas, steam, air conditioning, water supply, waste management, retail & wholesale, transportation, and storage, have nearly 100 million IoT-connected devices. As per the US Department of Energy, buildings are the single largest energy consumer in the US economy. They account for over 75% of the nation’s electricity use and 40% of total energy demand. Due to the rising energy consumption by buildings, governments and various international organizations worldwide are implementing different energy efficiency regulations and also providing incentives to promote sustainable building practices. According to the International Energy Agency, all new construction and 20% of existing buildings must be carbon neutral by 2030 in order to meet global net-zero standards. Hence, such initiatives are expected to raise the demand for building automation systems as a means to meet energy efficiency targets and comply with environmental standards.

Moreover, the increasing complexity of smart buildings due to technological advancements necessitates more rapid follow-up inspections through retro-commissioning. Furthermore, there is an increasing risk connected with maintaining operational integrity. As a result, it is anticipated that demand for complete building automation systems will rise in the coming years. Also, establishing the essential channels of communication between building owners and system designers is crucial to understanding how the building functions, raising the demand for advanced building automation systems worldwide.

The increasing focus on sustainability and energy reduction also drives the growing popularity of building automation systems. Energy-consuming systems, such as HVAC and lighting, can be efficiently managed with the help of building automation systems. This leads to decreased energy consumption, cheaper operating costs, and compliance with energy standards. Also, the increasing demand for building automation systems in residential structures is being driven by the growing popularity of smart home technology. Building automation systems are becoming more and more popular as a result of homeowners looking for automation solutions that provide convenience, energy savings, and enhanced security. Thus, the rising demand for energy efficiency solutions and the growing adoption of smart home technologies are expected to fuel the growth of the building automation system market during the forecast period.

ABB Ltd, Mitsubishi Electric Corporation, Robert Bosch GmbH, Honeywell International Inc, Schneider Electric, Siemens AG, Johnson Controls International, Carrier, Lutron Electronics Co Inc, and Trane Technologies are among the key building automation system market players profiled in this market study. Several other essential building automation system market players were also analyzed for a holistic view of the market and its ecosystem.

The overall building automation system market size has been derived using both primary and secondary sources. To begin the building automation system market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the building automation system market. The process also serves the purpose of obtaining an overview and market forecast of the building automation system market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the building automation system market.

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According to our latest study on “Building Automation System Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component and End Users,” the market was valued at US$ 76.75 billion in 2023 and is expected to reach US$ 167.40 billion by 2031; it is estimated to record a CAGR of 10.2% from 2023 to 2031.

Consumer IoT, IP-based Devices, SaaS, and Other Technological Developments to Provide Lucrative Opportunities for Building Automation System Market Growth During Forecast Period

IoT, machine intelligence, and new networking capabilities play important roles in advancing building automation systems. Advanced fault detection and diagnostics, energy analytics, and grid integration are crucial aspects as building owners and facility managers prioritize increased energy efficiency and cost savings. The demand for consumer IoT-based devices, such as smart alarms, home appliances, security systems, and thermostats, is increasing worldwide. These devices will also help building owners and occupants gain extensive data on temperature, humidity, and indoor air quality, as well as greater control over indoor settings, particularly in HVAC systems in commercial buildings. In addition, the integration of IP-based devices to the building network in modern building automation systems (BAS) can provide increased scalability without the need to connect more fiber or Cat6 cables or reprogram individual devices to free up IP address ranges. Further, integrating IP-based devices in BAS can help eliminate operational challenges such as expensive reprogramming, incompatibility of devices and automation systems, and the time-intensive process of laying cables.

The growing adoption of cloud-hosted BAS is raising the demand for software-as-a-service (SaaS) solutions. This shift to SaaS-based solutions reduces operating expenses because building owners no longer need to maintain expensive software or manage application-specific programmers. With SaaS-based solutions, the owner can easily forecast their monthly operating budget without having to commit to a long-term service agreement. Simple integration of new building equipment, feature deployment, and cloud-hosted automatic upgrades are achieved through the cloud-hosted, SaaS-based BAS platform. SaaS-based BAS solutions also provide contractors with remote access and control, so they do not have to visit the site. Thus, the growing adoption of advanced technologies such as consumer IoT, IP-based devices, and SaaS is expected to facilitate the expansion of the building automation system market during the forecast period.

Key Findings of Building Automation System Market Study:

According to Clean Energy Manufacturing Analysis Center (CEMAC), in the US, nearly 60% of commercial buildings that are larger than 50,000 square feet use a building automation system (BAS) to manage heating, ventilation, air conditioning, lighting, and other functions. However, only 13% of smaller to medium-sized buildings (less than 50,000 square feet) have adopted this technology, leaving a significant opportunity for improvement in over 75% of all commercial buildings in the country. To encourage widespread adoption of these systems, the National Renewable Energy Laboratory (NREL) and Joint Institute for Strategic Energy Analysis (JISEA), through the CEMAC, have studied the obstacles and incentives. They have also created a breakdown of the costs involved, including hardware and various installation labor costs.

In the US, several companies are collaborating to bring out new and innovative solutions in the market. For instance, in 2024, Honeywell and Analog Devices, Inc. at the CES 2024 announced that they had inked an agreement to investigate the digital transformation of commercial buildings by implementing advanced digital connectivity technologies without the need to replace current wiring. This initiative aims to lower expenses, minimize waste, and decrease operational downtime. The collaborative partnership is poised to introduce this innovative technology to building management systems for the very first time. Overall, the collaboration between Honeywell and Analog Devices, Inc. represents a significant step toward driving transformative innovation in building automation and addressing the challenges associated with outdated and inefficient commercial buildings. Thus, such initiatives and collaborations are expected to boost the building automation system market growth in the US.

In Germany, the implementation of building automation systems is essential for enhancing the sustainability, comfort, and energy efficiency of different buildings and facilities. Building automation systems are specifically designed to centrally monitor and manage critical building systems, including heating, ventilation, air conditioning, lighting, and security. These systems are focused on improving energy efficiency in facilities by promoting sustainable energy usage and seamlessly integrating Industry 4.0 applications. Companies such as DEOS AG provide a compatible array of products and cutting-edge IoT and cloud solutions for rapid integration and user-friendly operation, with a specific emphasis on heating, ventilation, and air conditioning control. Moreover, The University of Paderborn in Germany is leveraging building automation systems to ensure enhanced sustainability and comfort, highlighting the need for intelligent buildings.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global building automation system market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the global building automation system market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
1.1 Secondary Research
1.2 Primary Research
3.1.1 Hypothesis formulation:
3.1.2 Macro-economic factor analysis:
3.1.3 Developing base number:
3.1.4 Data Triangulation:
3.1.5 Country level data:
4. Building Automation System Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Building Automation System Market – Key Market Dynamics
5.1 Building Automation System Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Need for Enhanced Comfort, Safety, and Security Among Building Occupants
5.2.2 Integration of Wireless Sensor Network Technology and Wireless Protocols with Building Automation Systems
5.3 Market Restraints
5.3.1 Lack of Skilled Professionals
5.3.2 High Installation and Implementation Cost
5.4 Market Opportunities
5.4.1 Growing Need for Sustainable Building Automation Solutions
5.4.2 Rising Initiatives in Smart City Projects
5.5 Future Trends
5.5.1 Consumer IoT, IP-based Devices, SaaS, and Other Technological Developments
5.6 Impact of Drivers and Restraints:
6. Building Automation System Market – Global Market Analysis
6.1 Building Automation System Market Revenue (US$ Million), 2021–2031
6.2 Building Automation System Market Forecast Analysis
7. Building Automation System Market Analysis – by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Software and Services
7.2.1 Overview
7.2.2 Software and Services: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8. Building Automation System Market Analysis – by End Users
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Industrial
8.2.1 Overview
8.2.2 Industrial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9. Building Automation System Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Building Automation System Market Overview
9.2.2 North America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Building Automation System Market Breakdown, by Component
9.2.3.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.2.4 North America: Building Automation System Market Breakdown, by Hardware
9.2.4.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.2.5 North America: Building Automation System Market Breakdown, by End Users
9.2.5.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.2.6 North America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.2.6.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.2.6.2 United States: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.2.1 United States: Building Automation System Market Breakdown, by Component
9.2.6.2.2 United States: Building Automation System Market Breakdown, by Hardware
9.2.6.2.3 United States: Building Automation System Market Breakdown, by End Users
9.2.6.3 Canada: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.3.1 Canada: Building Automation System Market Breakdown, by Component
9.2.6.3.2 Canada: Building Automation System Market Breakdown, by Hardware
9.2.6.3.3 Canada: Building Automation System Market Breakdown, by End Users
9.2.6.4 Mexico: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.4.1 Mexico: Building Automation System Market Breakdown, by Component
9.2.6.4.2 Mexico: Building Automation System Market Breakdown, by Hardware
9.2.6.4.3 Mexico: Building Automation System Market Breakdown, by End Users
9.3 Europe
9.3.1 Europe Building Automation System Market Overview
9.3.2 Europe: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Building Automation System Market Breakdown, by Component
9.3.3.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.3.4 Europe: Building Automation System Market Breakdown, by Hardware
9.3.4.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.3.5 Europe: Building Automation System Market Breakdown, by End Users
9.3.5.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.3.6 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.3.6.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.3.6.2 France: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.2.1 France: Building Automation System Market Breakdown, by Component
9.3.6.2.2 France: Building Automation System Market Breakdown, by Hardware
9.3.6.2.3 France: Building Automation System Market Breakdown, by End Users
9.3.6.3 Germany: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.3.1 Germany: Building Automation System Market Breakdown, by Component
9.3.6.3.2 Germany: Building Automation System Market Breakdown, by Hardware
9.3.6.3.3 Germany: Building Automation System Market Breakdown, by End Users
9.3.6.4 United Kingdom: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.4.1 United Kingdom: Building Automation System Market Breakdown, by Component
9.3.6.4.2 United Kingdom: Building Automation System Market Breakdown, by Hardware
9.3.6.4.3 United Kingdom: Building Automation System Market Breakdown, by End Users
9.3.6.5 Italy: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.5.1 Italy: Building Automation System Market Breakdown, by Component
9.3.6.5.2 Italy: Building Automation System Market Breakdown, by Hardware
9.3.6.5.3 Italy: Building Automation System Market Breakdown, by End Users
9.3.6.6 Russian Federation: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.6.1 Russian Federation: Building Automation System Market Breakdown, by Component
9.3.6.6.2 Russian Federation: Building Automation System Market Breakdown, by Hardware
9.3.6.6.3 Russian Federation: Building Automation System Market Breakdown, by End Users
9.3.6.7 Rest of Europe: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.7.1 Rest of Europe: Building Automation System Market Breakdown, by Component
9.3.6.7.2 Rest of Europe: Building Automation System Market Breakdown, by Hardware
9.3.6.7.3 Rest of Europe: Building Automation System Market Breakdown, by End Users
9.4 Asia Pacific
9.4.1 Asia Pacific Building Automation System Market Overview
9.4.2 Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Building Automation System Market Breakdown, by Component
9.4.3.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.4.4 Asia Pacific: Building Automation System Market Breakdown, by Hardware
9.4.4.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.4.5 Asia Pacific: Building Automation System Market Breakdown, by End Users
9.4.5.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.4.6 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.4.6.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.4.6.2 Australia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.2.1 Australia: Building Automation System Market Breakdown, by Component
9.4.6.2.2 Australia: Building Automation System Market Breakdown, by Hardware
9.4.6.2.3 Australia: Building Automation System Market Breakdown, by End Users
9.4.6.3 China: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.3.1 China: Building Automation System Market Breakdown, by Component
9.4.6.3.2 China: Building Automation System Market Breakdown, by Hardware
9.4.6.3.3 China: Building Automation System Market Breakdown, by End Users
9.4.6.4 India: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.4.1 India: Building Automation System Market Breakdown, by Component
9.4.6.4.2 India: Building Automation System Market Breakdown, by Hardware
9.4.6.4.3 India: Building Automation System Market Breakdown, by End Users
9.4.6.5 Japan: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.5.1 Japan: Building Automation System Market Breakdown, by Component
9.4.6.5.2 Japan: Building Automation System Market Breakdown, by Hardware
9.4.6.5.3 Japan: Building Automation System Market Breakdown, by End Users
9.4.6.6 South Korea: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.6.1 South Korea: Building Automation System Market Breakdown, by Component
9.4.6.6.2 South Korea: Building Automation System Market Breakdown, by Hardware
9.4.6.6.3 South Korea: Building Automation System Market Breakdown, by End Users
9.4.6.7 Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.7.1 Rest of APAC: Building Automation System Market Breakdown, by Component
9.4.6.7.2 Rest of APAC: Building Automation System Market Breakdown, by Hardware
9.4.6.7.3 Rest of APAC: Building Automation System Market Breakdown, by End Users
9.5 Middle East and Africa
9.5.1 Middle East and Africa Building Automation System Market Overview
9.5.2 Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Building Automation System Market Breakdown, by Component
9.5.3.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.5.4 Middle East and Africa: Building Automation System Market Breakdown, by Hardware
9.5.4.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.5.5 Middle East and Africa: Building Automation System Market Breakdown, by End Users
9.5.5.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.5.6 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.5.6.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.5.6.2 South Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.2.1 South Africa: Building Automation System Market Breakdown, by Component
9.5.6.2.2 South Africa: Building Automation System Market Breakdown, by Hardware
9.5.6.2.3 South Africa: Building Automation System Market Breakdown, by End Users
9.5.6.3 Saudi Arabia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.3.1 Saudi Arabia: Building Automation System Market Breakdown, by Component
9.5.6.3.2 Saudi Arabia: Building Automation System Market Breakdown, by Hardware
9.5.6.3.3 Saudi Arabia: Building Automation System Market Breakdown, by End Users
9.5.6.4 United Arab Emirates: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.4.1 United Arab Emirates: Building Automation System Market Breakdown, by Component
9.5.6.4.2 United Arab Emirates: Building Automation System Market Breakdown, by Hardware
9.5.6.4.3 United Arab Emirates: Building Automation System Market Breakdown, by End Users
9.5.6.5 Rest of Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.5.1 Rest of Middle East and Africa: Building Automation System Market Breakdown, by Component
9.5.6.5.2 Rest of Middle East and Africa: Building Automation System Market Breakdown, by Hardware
9.5.6.5.3 Rest of Middle East and Africa: Building Automation System Market Breakdown, by End Users
9.6 South and Central America
9.6.1 South and Central America Building Automation System Market Overview
9.6.2 South and Central America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: Building Automation System Market Breakdown, by Component
9.6.3.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.6.4 South and Central America: Building Automation System Market Breakdown, by Hardware
9.6.4.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.6.5 South and Central America: Building Automation System Market Breakdown, by End Users
9.6.5.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.6.6 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.6.6.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.6.6.2 Brazil: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.2.1 Brazil: Building Automation System Market Breakdown, by Component
9.6.6.2.2 Brazil: Building Automation System Market Breakdown, by Hardware
9.6.6.2.3 Brazil: Building Automation System Market Breakdown, by End Users
9.6.6.3 Argentina: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.3.1 Argentina: Building Automation System Market Breakdown, by Component
9.6.6.3.2 Argentina: Building Automation System Market Breakdown, by Hardware
9.6.6.3.3 Argentina: Building Automation System Market Breakdown, by End Users
9.6.6.4 Rest of South and Central America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.4.1 Rest of South and Central America: Building Automation System Market Breakdown, by Component
9.6.6.4.2 Rest of South and Central America: Building Automation System Market Breakdown, by Hardware
9.6.6.4.3 Rest of South and Central America: Building Automation System Market Breakdown, by End Users
10. Competitive Landscape
10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mitsubishi Electric Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bosch Sicherheitssysteme GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Schneider Electric SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Siemens AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Johnson Controls International Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Carrier Global Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Lutron Electronics Co., Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Trane Technologies Plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
13.2 About the Research Team

LIST OF TABLES

Table 1. Building Automation System Market Segmentation
Table 2. List of Vendors
Table 3. Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Building Automation System Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. Building Automation System Market – Revenue and Forecast to 2031 (US$ Million) – by End Users
Table 6. North America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 7. North America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 8. North America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 9. North America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 10. United States: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 11. United States: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 12. United States: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 13. Canada: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 14. Canada: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 15. Canada: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 16. Mexico: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 17. Mexico: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 18. Mexico: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 19. Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 20. Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 21. Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 22. Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 23. France: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 24. France: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 25. France: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 26. Germany: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 27. Germany: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 28. Germany: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 29. United Kingdom: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 30. United Kingdom: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 31. United Kingdom: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 32. Italy: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 33. Italy: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 34. Italy: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 35. Russian Federation: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 36. Russian Federation: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 37. Russian Federation: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 38. Rest of Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 39. Rest of Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 40. Rest of Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 41. Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 42. Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 43. Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 44. Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 45. Australia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 46. Australia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 47. Australia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 48. China: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 49. China: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 50. China: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 51. India: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 52. India: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 53. India: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 54. Japan: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 55. Japan: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 56. Japan: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 57. South Korea: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 58. South Korea: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 59. South Korea: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 60. Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 61. Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 62. Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 63. Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 64. Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 65. Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 66. Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 67. South Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 68. South Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 69. South Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 70. Saudi Arabia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 71. Saudi Arabia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 72. Saudi Arabia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 73. United Arab Emirates: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 74. United Arab Emirates: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 75. United Arab Emirates: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 76. Rest of Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 77. Rest of Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 78. Rest of Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 79. South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 80. South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 81. South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 82. South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 83. Brazil: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 84. Brazil: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 85. Brazil: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 86. Argentina: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 87. Argentina: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 88. Argentina: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 89. Rest of South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 90. Rest of South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by Hardware
Table 91. Rest of South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million) – by End Users
Table 92. Heat Map Analysis by Key Players
Table 93. List of Abbreviation

LIST OF FIGURES

Figure 1. Building Automation System Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Building Automation System Market Revenue (US$ Million), 2021–2031
Figure 5. Building Automation System Market Share (%) – by Component (2023 and 2031)
Figure 6. Hardware: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Software and Services: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Building Automation System Market Share (%) – by End Users (2023 and 2031)
Figure 9. Commercial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Industrial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Residential: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Building Automation System Market Breakdown by Region, 2023 and 2031 (%)
Figure 13. North America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 14. North America: Building Automation System Market Breakdown, by Component (2023 and 2031)
Figure 15. North America: Building Automation System Market Breakdown, by Hardware (2023 and 2031)
Figure 16. North America: Building Automation System Market Breakdown, by End Users (2023 and 2031)
Figure 17. North America: Building Automation System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 18. United States: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 19. Canada: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. Mexico: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 21. Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Europe: Building Automation System Market Breakdown, by Component (2023 and 2031)
Figure 23. Europe: Building Automation System Market Breakdown, by Hardware (2023 and 2031)
Figure 24. Europe: Building Automation System Market Breakdown, by End Users (2023 and 2031)
Figure 25. Europe: Building Automation System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. France: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Germany: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. United Kingdom: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Italy: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Russian Federation: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 31. Rest of Europe: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Asia Pacific: Building Automation System Market Breakdown, by Component (2023 and 2031)
Figure 34. Asia Pacific: Building Automation System Market Breakdown, by Hardware (2023 and 2031)
Figure 35. Asia Pacific: Building Automation System Market Breakdown, by End Users (2023 and 2031)
Figure 36. Asia Pacific: Building Automation System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 37. Australia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. China: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. India: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Japan: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. South Korea: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 42. Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. Middle East and Africa: Building Automation System Market Breakdown, by Component (2023 and 2031)
Figure 45. Middle East and Africa: Building Automation System Market Breakdown, by Hardware (2023 and 2031)
Figure 46. Middle East and Africa: Building Automation System Market Breakdown, by End Users (2023 and 2031)
Figure 47. Middle East and Africa: Building Automation System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 48. South Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Saudi Arabia: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. United Arab Emirates: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Rest of Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 53. South and Central America: Building Automation System Market Breakdown, by Component (2023 and 2031)
Figure 54. South and Central America: Building Automation System Market Breakdown, by Hardware (2023 and 2031)
Figure 55. South and Central America: Building Automation System Market Breakdown, by End Users (2023 and 2031)
Figure 56. South and Central America: Building Automation System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 57. Brazil: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 58. Argentina: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 59. Rest of South and Central America: Building Automation System Market – Revenue and Forecast to 2031(US$ Million)
Figure 60. Company Positioning & Concentration

The List of Companies – Building Automation System Market
o ABB Ltd
o Mitsubishi Electric Corp
o Bosch Sicherheitssysteme GmbH 
o Honeywell International Inc
o Schneider Electric SE
o Siemens AG 
o Johnson Controls International Plc 
o Carrier Global Corp 
o Lutron Electronics Co., Inc 
o Trane Technologies Plc

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