Global Building Automation System Market Size, Status and Forecast 2020-2026

Building automation is the automatic centralized control of a building's heating, ventilation and air conditioning, lighting and other systems through a building management system or building automation system (BAS). The objectives of building automation are improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs, and improved life cycle of utilities.
The wired communication technology held a larger size of the BAS market in 2017. In terms of application, commercial application held the largest size of the BAS market in 2017. The increased rate of implementation of BAS in large shopping complexes, office buildings, and public transport areas such as airports and railway stations is encouraging the growth of the BAS market for commercial application.

Market Analysis and Insights: Global Building Automation System Market
The global Building Automation System market size is projected to reach US$ 64600 million by 2026, from US$ 60830 million in 2020, at a CAGR of 5.7%% during 2021-2026.

Global Building Automation System Scope and Market Size
Building Automation System market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Building Automation System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this study

Honeywell
Siemens
Johnson Controls
Schneider Electric
United Technologies
Robert Bosch
Legrand
Hubbell
ABB
Ingersoll-Rand
Lutron Electronics
Crestron Electronics
Buildingiq

Market segment by Type, the product can be split into

Wired Technology
Wireless Technology

Market segment by Application, split into

Residential
Commercial
Industrial

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India