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Building Automation Systems Market Share

Report ID: GMI7965
Published Date: Jan 2024
Report Format: PDF

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Building Automation Systems Market Share

Players operating in the building automation systems industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Building Automation Systems Market Companies

Major players operating in the building automation systems industry are:

Johnson Controls International plc.
Siemens AG
Schneider Electric SE
Mitsubishi Electric Corporation
Honeywell International Inc.
Emerson Electric Co.
Lutron Electronics Co., Ltd.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for building automation systems was valued at USD 278.7 billion in 2023 and is estimated to register over 10% CAGR between 2024 and 2032, owing to the increasing focus on developing energy-efficient buildings.

The software segment in the building automation systems industry is expected to register over 10% CAGR during the forecast period, driven by the integration of the Internet of Things (IoT) in building automation systemss that relies heavily on software solutions.

Asia Pacific accounted for over 30% of the building automation systems industry share in 2023, favored by the investment in smart city initiatives, including the deployment of intelligent building automation systemss.

Johnson Controls International plc., Lutron Electronics Co., Ltd., Siemens AG, Emerson Electric Co., Schneider Electric SE, Honeywell International Inc. and Mitsubishi Electric Corporation.