Building Automation and Controls Market
Building Automation and Controls Market - Global Industry Assessment & Forecast
#
Pages:
223
2023
Apr - 2024
VMR-VMR-2021-0781
Segments Covered
By
Offerings Solution, Services
-
By
Technology Wired, Wireless
-
By
Industry Vertical Residential, Industrial, Commercial
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 98.2 Billion |
 Revenue 2032:
|
USD 254.2 Billion |
 Revenue CAGR
(2024 - 2032): |
11.2% |
Fastest Growing Region (2024 -
2032)
|
Asia Pacific |
Largest Region (2023):
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Building Automation and Controls Market by Offerings by Technology by Industry Vertical by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Building Automation and Controls supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Building Automation and Controls market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Building Automation and Controls supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Building Automation and Controls market.
FAQ
Frequently Asked Question
What is the global demand for Building Automation and Controls in terms of revenue?
-
The global Building Automation and Controls valued at USD 98.2 Billion in 2023 and is expected to reach USD 254.2 Billion in 2032 growing at a CAGR of 11.2%.
Which are the prominent players in the market?
-
The prominent players in the market are ABB, Beijer Electronics, Control4 Corporation, General Electric Company, Honeywell International Inc., Hubbell Incorporated, Johnson Controls International, Legrand SA, Lutron Electronics Co. Inc, Schneider Electric SE, Siemens AG.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 11.2% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Building Automation and Controls include
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Building Automation and Controls in 2023.
