Building Automation Systems - Global Strategic Business Report

Global Building Automation Systems Market to Reach $181 Billion by 2030

The global market for Building Automation Systems estimated at US$71.6 Billion in the year 2022, is projected to reach a revised size of US$181 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030. Security & Access Control Systems, one of the segments analyzed in the report, is projected to record 12% CAGR and reach US$50.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Facility Management Systems segment is readjusted to a revised 11.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $19.5 Billion, While China is Forecast to Grow at 17.8% CAGR

The Building Automation Systems market in the U.S. is estimated at US$19.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$44.5 Billion by the year 2030 trailing a CAGR of 17.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 11% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

Select Competitors (Total 48 Featured) -

• ABB
• Beckhoff Automation Gmbh
• Buildingiq
• Control4
• Crestron Electronics, Inc.
• Delta Controls
• Distech Control
• General Electric
• Hitachi, Ltd.
• Honeywell International

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year