Global Building Automation System Market is accounted for $67.56 billion in 2020 and is expected to reach $153.45 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Rise in adoption of automated security systems in buildings, development of wireless protocols and wireless sensor network and rapid penetration of IoT in building automation systems are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period owing to the economic growth in the region, along with a surge in construction and industrial activities witnessed by the key countries in the region.
Some of the key players profiled in the Building Automation System Market include ABB Inc., Acuity Brands, AMAG Technology, Autani LLC, Azbil Corporation, Bosch, Cimetrics, Cisco, Control4, Delta Controls, Eaton Corporation, Echelon Corp., General Electric, Honeywell and Ingersoll Rand (Trane).
Offerings Covered in Building Automation System Market
• Facility Management Systems
• Security and Access Controls
• Fire Protection Systems
• Building Energy Management Software
• Building Automation System (BAS) Services
Technologies Covered:
• Wireless Technology
• Wired Technology
Applications Covered:
• Residential (Do It Yourself (DIY) Home Automation)
• Commercial
• Education/Universities
• Government
• Industrial
• Laboratory
• Lodging
• Restaurants
• Transportation
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