Building Automation System Market Growth, Trends, Scope, Analysis and Forecast 2

1. BUILDING AUTOMATION SYSTEM MARKET GLOBAL ANALYSIS REPORT 2024-2030 Published by: Kadambari Jedhe

2. Market Size & Overview: The global Building Automation System (BAS) market was valued at USD 27.69 billion in 2023 and is projected to reach approximately USD 38.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. Building Automation Systems integrate various electrical, electronic, and mechanical systems within a building into a centralized control hub, enhancing efficiency, comfort, and security.

3. Market Growth & Opportunities The BAS market is experiencing growth due to the increasing emphasis on energy-efficient and eco-friendly building designs, particularly in developing countries. Technological advancements, including the adoption of wireless protocols, wireless sensor networks, and the Internet of Things (IoT), are driving innovation in this sector. Additionally, the rising demand for enhanced security solutions and system integration across commercial and residentialapplications presents significantopportunities for market expansion. Sample Request

4. Market Segmentation By Offerings By Application ❖Facility Management Systems ❖ResidentialApplications ❖Fire ProtectionSystems ❖DIY Home Automation ❖Security and Access Control Systems ❖CommercialApplications ❖BAS Services ❖Office Buildings ❖Building Energy ManagementSoftware ❖Retailand Public Assembly Buildings ❖LightingControlSystems ❖Hospitalsand HealthcareFacilities ❖HVAC Control Systems ❖Airports and Railway Stations ❖Other ❖IndustrialApplication ❖Government ❖Other

5. Regional Analysis: ❑North America: This region holds a significant share of the BAS market, driven by the presence of major industry players and a strong focus on energy efficiency and advanced building technologies. ❑Europe: Europe is witnessing steady growth in the BAS market, supported by stringent energy regulationsand a commitmentto sustainablebuilding practices. ❑Asia-Pacific (APAC): APAC is anticipated to register substantial growth, fueled by rapid urbanization, increased adoption of IoT technologies, and government initiatives promoting smart building solutions in countries like China and India.

6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

7. Merges and Acquisition 1. Siemens AG's Acquisition of Altair Engineering: In October 2024, Siemens announced its intention to acquire Altair Engineering for $10.6 billion. This strategic move aims to strengthen Siemens's position in the industrial software market by integrating Altair's simulationsoftwarecapabilities. 2. Johnson Controls' Acquisition of FogHorn: In January 2022, Johnson Controls acquired FogHorn, enhancing its portfolio in smart and autonomous building solutions by integrating FogHorn's edge AI platforminto its offerings. 3. Honeywell's Acquisition of US Digital Designs: In December 2021, Honeywell acquired US Digital Designs, a company specializing in alerting and dispatch communications systems, to improve emergency response times and bolster its building safety solutions. Buy This Report

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