Precision Business Insights has published a report on the global building automation market, estimating its value at USD 99.0 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/building-automation-market

Market Definition:

Building Automation refers to the centralized control of a building’s systems—like HVAC, lighting, security, and energy management—through a networked system known as a Building Automation System (BAS) or Building Management System (BMS).

Drivers:

1)      Demand for security and access control.

2)      Increasing smart cites initiatives.

The global building automation market segmentation:

1) By Component:(Hardware, Software, and Services.
2) By System Type: Building Management Systems (BMS), Home Automation Systems, Fire Safety Systems, and Security & Access Control Systems.
3) By Technology: Wired Systems, Wireless Systems, and Cloud-Based Systems.
4) By End User: Residential, Commercial, and Industrial.

Regional Overview:
The report also examines the current concerns and their Future Effects on the building automation market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the building automation market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Honeywell International (US), Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US), Robert Bosch (Germany). Legrand (France), Hubbell (US), ABB (Zurich), Trane Technologies (Ireland), Lutron Electronics (US), Creston Electronics (US), Hitachi (Japan), Delta Controls (Canada)., Beckhoff Automation (Germany), Lennox International (US), General Electric (US)

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