Building Automation System Market to Hit $148.6 billion by 2027 Globally, Growing At a CAGR of 11.4%

Chicago, Feb. 06, 2023 (GLOBE NEWSWIRE) -- According to a research report  " Building Automation System Market  by Offering (Facility Management Systems, Security & Access Controls, Fire Protection Systems, BEM Software, BAS Services), Communication Technology (Wireless, Wired), Application and Region - Global Forecast to 2027" published by MarketsandMarkets, the building automation system market is projected to reach USD 148.6 billion by 2027 from USD 86.8 billion in 2022; it is expected to grow at a CAGR of 11.4% from 2022 to 2027.

Building automation systems are used to automate and control heating, ventilation, and air-conditioning systems; lighting systems; and other systems installed in buildings to increase the comfort, safety, security, and convenience of occupants and make buildings energy efficient. A BAS is a computer networking system that monitors and controls a range of other electronic and mechanical systems. It provides a means for these disparate systems to communicate across platforms, software, and languages. The core functionality of a BAS is to maintain building climate based on an occupancy schedule, monitor performance and device failures in all systems, and provide malfunction alarms. Automation systems reduce building energy and maintenance costs. Almost all multi-story green buildings are designed to accommodate a BAS for energy, air, and water conservation. Most green buildings also use as many low-power DC devices as possible, typically integrated with power over Ethernet wiring. Even a piassavas design intended to consume no net energy whatsoever will typically require a BAS to manage heat capture, shading and venting, and scheduling device use.

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Building Automation System Market Report Scope

Report Metric Details
Estimated Market Size by 2022 USD 86.8 billion 
Projected Market Size by 2027 USD 148.6 billion
Growth Rate 11.4%
Market Size Available for Years 2018–2027
Base Year Considered 2021
Forecast Period 2022–2027
Forecast Units Value (USD Million )
Segments Covered
  • Offering,
  • Communication Technology,
  • Application,
  • Region
Geographies Covered
  • Asia Pacific,
  • North America,
  • Europe,
  • Middle East,
  • Africa, and
  • South America
Key Companies Covered
  • 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),
  • Distech Controls (Canada),
  • Dialight PLC (UK),
  • Cisco Systems (US),
  • Rockwell Automation (US),
  • Control4 (US),
  • Signify (Philips Lighting) (Netherlands),
  • Emerson Electric (US), and
  • Leviton Manufacturing Company (US)
Key Market Driver Heightened focus on developing energy-efficient and eco-friendly buildings
Key Market Opportunity Rise in government and stakeholder funding for developing smart cities
Largest Growing Region APAC
Largest Market Share Segment Security & Access Controls
Highest CAGR Segment Wireless Technology

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