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Building Automation System Market Trends, Growth, Size, and Forecast 2030

Building Automation System Market size was valued at USD 27.69 Bn. in 2023 and the total Building Automation System revenue is expected to grow by 4.9 % from 2024 to 2030, reaching nearly USD 38.7 Bn.

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Building Automation System Market Trends, Growth, Size, and Forecast 2030

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  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 approximately USD 27.69 billion in 2023 and is projected to reach nearly USD 38.7 billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. BAS integrates various building systems such as HVAC, lighting, and security into a centralized control hub, enhancing energy efficiency and operationalperformance.

  3. Market Growth & Opportunities The BAS market is experiencing growth due to the increasing demand for energy-efficient and eco-friendly buildings, particularly in developing nations. Technological advancements, including wireless protocols, sensor networks, and the Internet of Things (IoT), are driving innovation in the sector. Additionally, heightened awareness of energy conservation and supportive government initiativesare creating favorable conditions 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: In 2023, the North American BAS market was valued at USD 26.94 billion and is expected to reach USD 56.61 billion by 2031, with a CAGR of 9.7%. This growth is attributed to increased construction activities and economic development across the region. • Europe: Europe leads in revenue contribution to the BAS market, driven by the widespread adoption of advanced technologies and a strong emphasis on energy efficiency. The region is projected to maintain steady growth due to ongoing technological advancements and supportiveregulatory frameworks. • Asia-Pacific (APAC): The APAC region is anticipated to witness significant growth in the BAS market, fueled by rapid urbanization, increased construction activities, and a growing focus on energy conservation. Countries like China, Japan, and India are at the forefrontof adopting building automationtechnologies.

  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 ➢Siemens' Acquisition of Altair: In November 2024, Siemens acquired U.S. industrial software company Altair for $10.6 billion, enhancing its position in the industrial software market. ➢Zebra Technologies' Acquisition of Fetch Robotics: In 2021, Zebra Technologies acquired Fetch Robotics for $290 million, highlighting the premium value assigned to companies in the robotics market. ➢Motion & Control Enterprises' Acquisition of Ultimation: In August 2023, Motion & Control Enterprises, backed by Frontenac, acquired Ultimation, reflecting the heightened demand for acquisitions in the automation sector. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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