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Building Automation Systems Market Trends

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

Building Automation Systems Market Trends

Building control is increasingly integrating with the internet of things (IoT) to enhance connectivity and data exchange between devices. Edge computing is being utilized to process data closer to the source, improving real-time responsiveness and reducing latency. The integration of artificial intelligence (AI) and machine learning (ML) is helping BCS systems learn from patterns, adapt to changing conditions, and optimize building operations for energy efficiency & cost savings.
 

The concept of smart buildings, where BCS plays a central role, is gaining momentum. Digital twins (virtual replicas of physical buildings) are being used for simulations, predictive analytics, and monitoring to optimize building performance. BCS is evolving to prioritize occupant experience. Advanced control systems provide personalized comfort settings, lighting preferences, and workspace optimization, contributing to enhanced employee satisfaction & productivity. BCS is being used to collect & analyze data on building occupancy and space utilization. This information helps organizations optimize space, reduce energy consumption, and enhance overall building efficiency.

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.

Building Automation Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 399
  • Countries covered: 21
  • Pages: 250
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