North America Building Automation System (BAS) Market - Forecast to 2030

North America Building Automation System Market Research Report Forecast to 2030

As per MRFR, the North America building automation system market has been growing over the past few years. It is expected to reach USD 68,654.9 million by 2030, at a CAGR of 10.5% during the forecast period, 2023–2030. The growing demand for energy efficient homes and the rising demand for automation for qualitative & efficiency is aiding the market growth in the North America region.

Building automation systems are becoming increasingly popular in building designs. It is very important to control the systems within the building, as it affects the building occupant’s health, safety, and thermal comfort. From an owner’s perspective, building automation systems provide the ability to reduce the energy consumption of the building. Also, the owner can control the systems digitally, which requires less physical work. There are many types of systems that can be used for building automation, and BAS’s have the power to increase the performance of a building.

The growth of the building automation system industry is fuelled by the increasing requirement for energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have reduced the complexity and the cost of installing building automation systems in the existing buildings. Moreover, the combination of loT and building automation has also enabled the exchange of information among several electronic devices and the cloud without the need for direct human intervention that makes buildings smart. This factor has also accelerated the growth of the building automation system market.

Market Segmentation

The building automation system market has been segmented based on component, type, network connectivity, building size, building type, application, and country.

By Component segment, hardware segment accounted for the largest market share with a market value of USD 22,494.7 million in 2022, which is projected to grow at a CAGR of 10.1% during the forecast period. Based on the Type, access control system accounted for the largest market share with a market value of USD 8,804.3 million in 2022 and is projected to grow at a CAGR of 9.9%. Based on the Network Connectivity, wired holds the largest market share with a market value of USD 17,982.1 million in 2022, is projected to grow at a CAGR of 6.4% during the forecasted period. By Building Type, newer building accounted for the largest market share with a market value of USD 21,897.3 million in 2022, which is projected to grow at a CAGR of 11.0% % during the forecast period.

Based on Building Size, mid-sized buildings accounted for the largest share with the market value 16,953.6 million in 2022 and grow at a CAGR of 11.5% during the study period. Based on Application, commercial with a market value of USD 12,518.0 million in 2022, which is projected to grow at a CAGR of 10.8% % during the forecasted period.

Major Players

The key competitors in the market are ABB, Bosch Building Technologies GmbH, Siemens Building Technologies, Delta Controls, Beckhoff, Hitachi, Honeywell International Inc., Johnson Controls, Automated Logic, Schneider Electric S.E., and PKE.

Companies Mentioned

ABB
Bosch Building Technologies GmbH
Siemens Building Technologies
Delta Controls
Beckhoff
Hitachi
Honeywell International Inc.
Johnson Controls
Automated Logic
Schneider Electric S.E.
and PKE

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