Building Automation System Market Regions & Market Overview

w w w. e m e r g e n r e s e a r c h . c o m Building Automation System Market Size Worth USD 217.52 Billion in 2032 Rising adoption of automated security systems in buildings is a key factor driving market revenue growth

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Market Summary The global Building Automation System (BAS) market size is expected to reach USD 217.52 Billion in 2032 and register a steady revenue CAGR of 10.1% during the forecast period, according to latest analysis by Emergen Research. Recent technological advancements in BAS is a key factor driving market revenue growth. A BAS, also referred to as a building control system or building management system, is a system that controls several electric, electronic, and mechanical systems throughout a building. For instance, on 7 July 2022, SAUTER's enhanced its product line with the introduction of a new generation of Internet of Things (IoT)-capable actuators, which allows for autonomous or semi-autonomous Heating, Ventilation, and Air Conditioning (HVAC) control. These actuators used in heating, ventilation, and room automation systems including advantages such as easy installation and commissioning, cloud connectivity with application library and remote access, and a smartphone app. In addition, increasing adoption of automated security systems in buildings is another factor driving market revenue growth. BAS increases control over a building's multiple systems, including HVAC, electrical, and security. HVAC and electrical systems are run more efficiently with the assistance of a BAS, resulting in lower energy usage and utility costs. BAS not only automates a building's systems via sensors and timers but also collects energy usage statistics. Moreover, BAS automatically adjusts the temperature and lighting in a facility to maintain a comfortable level, which is also expected to drive market revenue growth during the forecast period. Read More : https://www.emergenresearch.com/industry-report/building-automation-system-market w w w. e m e r g e n r e s e a r c h . c o m

Market Summary Some Key Highlights From the Report The security & access control segment accounted for largest market share in the global BAS market in 2022. This is due to increasing use of BAS, which include security and access control, to restrict admission to the building, ensuring that only authorized people are let in. BASs are important in the operation and management of buildings. These systems offer various advantages, including greater facility security, energy savings, increased comfort and safety and overall building system efficiency. These devices are programmed to identify potential safety hazards such as gas leaks or fires and take the necessary actions. The wireless technology segment is expected to register steadily fast revenue growth rate in the global BAS market during the forecast period. Building automation benefits from IoT such as increased energy efficiency, improved building security, remote access and control, and cost savings. Sensors, smart devices, cloud computing, artificial intelligence, and advanced data analytics are key Internet of Things (IoT) technologies utilized in building automation, which in turn, is expected to drive revenue growth of this segment. Energy meters based on IoT are used to monitor the real power usage and other energy characteristics of the building's critical assets and equipment. Some major companies in the global market report include Mitsubishi Electric Corporation, General Electric, Schneider Electric, Siemens, Johnson Controls, Honeywell International Inc., Bosch Limited, ABB, Hubbell, and Cisco Systems, Inc. Request Free Sample : https://www.emergenresearch.com/request-sample/2021 w w w. e m e r g e n r e s e a r c h . c o m

Market Summary For the purpose of this report, Emergen Research has segmented BAS market on the basis of offering, communication technology, application, and region: Offering Outlook (Revenue, USD Billion; 2019–2032) Facility Management Systems Security & Access Control Fire Protection Systems BEM Software BAS Services Communication Outlook (Revenue, USD Billion; 2019–2032) Wireless Technology Wired Technology Application Outlook (Revenue, USD Billion; 2019–2032) Commercial Residential Industrial Request customization of the report @ https://www.emergenresearch.com/request-for-customization/2021

Parameter Details MARKET Market Size Estimation Period Base Year Considered 2020-2028 SEGMENTATION Historical Data Forecast Period 2020 Quantitative Units Segments Covered 2017-2019 Countries Included 2021-2028 Report Coverage Regions Scope Revenue in USD million & CAGR from 2020 to 2028 Customization Scope Types, Application, End-Users, Regions & more. The U.S., Germany, U.K., Italy, China, India, Japan, Pricing and Purchase Options Brazil Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends North America, Europe, Asia Pacific, Latin America, Middle East and Africa 10 hours of free customization & expert consultation Explore Different Purchase Options & Request for Discount to Avail New Year Discount w w w. e m e r g e n r e s e a r c h . c o m

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