Building Automation System market to reach USD 190.99 billion by 2032, driven by technology advancements.
From GlobeNewswire: 2025-04-04 09:15:00
The Building Automation System Market is expected to reach USD 190.99 billion by 2032, growing at a CAGR of 9.92%. BAS is advancing efficiency in smart buildings through technology development, predictive maintenance, and energy management. Market players like Schneider Electric and Siemens are driving innovation in infrastructure and system design for scalable architectures and advanced connectivity.
Security & Access Controls led the BAS market in 2023, driven by growing security needs. The Facility Management Systems segment is expected to witness the highest CAGR, while wired technologies dominated the market. Wireless technologies are expected to witness the fastest growth, and the Commercial segment led the market in 2023.
Asia Pacific dominated the BAS market in 2023, with the highest growth expected from 2024 to 2032. The region’s expansion is driven by rapid urbanization, smart city projects, and a focus on energy-efficient solutions. Countries like China, India, and Japan are making substantial investments in smart building technology, fueling demand for advanced automation systems. An AI-powered device from Synco, Siemens optimizes temperature, lighting, and blinds in commercial buildings for energy efficiency and occupant comfort. Enhancements include remote energy monitoring and billing, integrating Synco IC and Siemens’ solutions for improved efficiency and cost management.
For more insights on the Building Automation System Market Growth & Outlook Report 2024-2032, visit SNS Insider’s website. The report covers market dynamics impact analysis, statistical insights, competitive landscape, market segmentation, regional analysis, company profiles, and more. SNS Insider aims to provide clients with current, accurate market data for confident decision-making in changing circumstances.
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