Building Automation Systems Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Global building automation systems market is anticipated to grow at a significant CAGR of 10.8% during the forecast period (2023-2030). The growing adoption of smart building technologies globally along with new system launches by key players operating in the market is a key factor driving the growth of the global building automation systems market. For instance, in March 2023, Siemens Smart Infrastructure launched Connect Box, an open and easy-to-use IoT solution designed to manage small to medium-sized buildings. The latest addition to the Siemens Xcelerator portfolio, Connect Box is a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to 30.0% and to substantially improve indoor air quality in small to medium-sized buildings such as schools, retail shops, apartments or small offices. Siemens Xcelerator is an open digital business platform that enables customers to accelerate their digital transformation easier, faster, and at scale.

Further, in the same month, Schneider Electric SE launched EcoStruxure Building Operation for the Indian market, to enhance occupant comfort and increase building value. The Schneider Electric EcoStruxure Building Operation (EBO2023) will amplify the country’s sustainability efforts through its integrated smart building management system aiding in net-zero carbon buildings and long-term operational resiliency in datacenters. Building owners can benefit from data that can be accessed, standardized, and secured with the help of artificial intelligence and machine learning. By integrating multiple devices onto a centralized platform, the IP-enabled software addresses the entire facility and cloud services leading to increased cybersecurity and asset management, from small buildings to large multi-complexes. The IoT solution optimizes buildings by providing digital transformation through reduced carbon footprint, maintenance costs, and time. Built for use in applications such as HVAC and lighting control, energy management, fire safety, security, access control, and more, the EBO2023 is compatible with third-party building systems.

Furthermore, in May 2023, Honeywell launched Honeywell Forge for Buildings, a comprehensive approach to building systems operations and management that can be used at a single site or with an entire portfolio. Honeywell Forge for Buildings features software, hardware, and services that deliver key outcomes to help building owners and operators achieve sustainability, operational efficiency, occupant experience, compliance, safety and security, and resilience goals. Such developments are contributing to the global market growth. 

To Request a Sample of our Report on Building Automation Systems Market:  https://www.omrglobal.com/request-sample/building-automation-system-market

Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

•                 By Component

•                 By End-User

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- Honeywell International Inc., Schneider Electric SE, Trane Technologies, Johnson Controls, Inc. Emerson Electric Co., Siemens AG, and Baldor Electric (ABB Ltd.), among others.

Building Automation Systems Market Report Segment

By Component

•                 Hardware

•                 Software

•                 Services

By End-User

•                 Residential

•                 Commercial

•                 Industrial

A full Report of Building Automation Systems Market is Available @  https://www.omrglobal.com/industry-reports/building-automation-system-market

Building Automation Systems Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 ABB Ltd.

•                 Bajaj Electricals 

•                 Building LogiX

•                 Carrier Corp.

•                 Cisco Systems Inc.

•                 Control4 Plc

•                 Delta Controls Inc.

•                 Distech Controls Inc.

•                 Emerson Electric Co.

•                 General Electric

•                 Hitachi Ltd.

•                 Huawei Technologies Corp.

•                 Hubbell Inc.

•                 Lennox International Inc.

•                 Lutron Electronics Co. Ltd.

•                 Mitsubishi Electric Corp.

•                 Oracle Corp. 

•                 Robert Bosch GmbH.

•                 SAP SE

•                 United Technologies Corp.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/building-automation-system-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

 

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