GITNUX MARKETDATA REPORT 2024
Building Automation System Industry Statistics
The global building automation system market is projected to reach a value of $121.5 billion by 2026, with a compound annual growth rate of 9.5% from 2021 to 2026.
In this post, we will explore the dynamic landscape of the building automation system industry through a series of key statistics and projections. From market values and growth rates to regional trends and leading companies, these data points provide a comprehensive overview of the current state and future potential of the industry.
Statistic 1
"The global building automation system market was valued at $75.00 billion in 2018 (Source: Mordor Intelligence)"
Statistic 2
"The industry is projected to reach $121.5 billion by 2024 (Source: MarketsAndMarkets)"
Statistic 3
"The global BAS market has a projected CAGR of 10.12% from 2019 - 2024 (Source: Mordor Intelligence)"
Statistic 4
"Security and access control systems held the highest market share (31.3%) in 2019 (Source: Grandview Research)"
Statistic 5
"North America accounted for the largest share of the building automation system market in 2016 (Source: MarketsAndMarkets)"
Statistic 6
"Europe is the second-largest market in BAS industry (Source: Future Market Insights)"
Statistic 7
"Asia-Pacific is anticipated to grow with the fastest CAGR of 13.7% during 2021-2028 (Source: Verified Market Research)"
Statistic 8
"The top five companies in the industry include Honeywell, Siemens, Johnson Controls, Schneider Electric, and United Technologies. (Source: IBIS World)"
Statistic 9
"The HVAC control system had a market share of more than 40% in 2018 (Source: Global Market Insights)"
Statistic 10
"By 2025, 230 million units of light commercial building will leverage smart building technology (Source: ABI Research)"
Statistic 11
"The Building Automation Systems industry experienced an average growth of 2.3% from 2014 to 2019 (Source: IBIS World)"
Statistic 12
"The market size of the Building Automation Systems industry in the US has grown 0.9% per year on average between 2016 and 2021 (Source: IBIS World)"
Statistic 13
"By 2026, Asia Pacific building automation system market is expected to reach $25 billion (Source: Global Market Insights)"
Statistic 14
"The building automation hardware segment hit $57 billion in 2020 (Source: Market Data Forecast)"
Statistic 15
"The commercial segment of the building automation system market is anticipated to expand at a CAGR of 13% from 2019 to 2025 (Source: Zion Market Research)"
Statistic 16
"The wireless technology segment is expected to witness a CAGR of over 17% from 2019 to 2025 (Source: Zion Market Research)"
Statistic 17
"In 2021, Johnson Controls had 16% of the building automation market share (Source: Statista)"
Statistic 18
"Intellectual Building Management Systems account for approximately 36% of the global building automation system market share (Source: Fortune Business Insights)"
Statistic 19
"Residential applications are projected to grow at a faster rate of 13% in the period 2021-2026 (Source: MarketDataForecast)"
Statistic 20
"The global green & smart building market is set to be worth over $24.7bn by 2022 (Source: Cision/PR Newswire)"
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
