Building Automation Market size was valued at USD 92.67 Billion in 2024 and is projected to reach USD 186.96 Billion by 2033, exhibiting a CAGR of 8.47% from 2026 to 2033.
The global Building Automation Market was valued at approximately USD 80 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 10% from 2023 to 2030. North America led the market in 2022, accounting for the largest share of around 35% due to the strong adoption of smart building technologies, energy efficient solutions, and government initiatives promoting green building standards. The regions market size reached USD 28 billion in 2022, with steady growth expected due to advancements in IoT based automation solutions, residential and commercial sector upgrades, and growing demand for sustainability. Europe followed closely, contributing to nearly 30% of the market share, valued at USD 24 billion in 2022, with countries like Germany, the UK, and France driving the demand for building automation systems across residential, commercial, and industrial sectors.
Asia Pacific is anticipated to experience the highest growth rate in the building automation market, projected to expand at a CAGR of 12% from 2023 to 2030. The market size in the region was approximately USD 18 billion in 2022, driven by rapid urbanization, infrastructure development, and increasing awareness of energy management systems. The increasing adoption of automation technologies in smart cities, particularly in countries like China, Japan, and India, will propel regional market growth. Latin America and the Middle East & Africa (MEA) markets are also expected to witness steady growth over the forecast period, contributing to the global building automation market with a share of about 10% combined in 2022, valued at approximately USD 8 billion, driven by infrastructure modernization and the need for sustainable energy solutions in emerging markets.
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Honeywell
Siemens
Johnson Controls
Schneider Electric
United Technologies
Bosch
Legrand
Hubbell
ABB
Ingersoll-Rand
Lutron
Crestron
BuildingIQ
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Building Automation Market
Energy Management Systems (EMS)
Lighting Controls
HVAC Controls
Security and Access Controls
Fire and Life Safety Systems
Commercial Buildings
Residential Buildings
Industrial Facilities
Institutional Buildings
Transportation Hubs
Wired Technologies
Wireless Technologies
Hybrid Systems
Internet of Things (IoT)-Enabled Solutions
Cloud-Based Systems
Commercial Sector
Healthcare Sector
Education Sector
Manufacturing Sector
Government Sector
Hardware
Software
Service
Integration Solutions
Maintenance and Support Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Building Automation Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Building Automation Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Building Automation Market, By Type
6. Global Building Automation Market, By Application
7. Global Building Automation Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Building Automation Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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