As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global building automation systems market totaled US$ 44.6 Bn in 2021. Constructing automation structures offer interconnectivity of machines and gadgets to manipulate and streamline day-by-day operations in business, commercial, and residential sectors. Growing calls for comfort and comfort amongst tenants in contemporary residential areas will continue presenting tailwinds to bas income.
Except this, the emergence of clever cities across several international locations is spurring demand for building automation structures. Those structures facilitate strength performance, water, and fuel supply, lighting fixtures, temperature control, along advanced safety and surveillance in residential in addition to business homes.
As per fmi’s in-intensity local analysis, the u.s. is predicted to witness high demand for building automation structures in the course of the assessment period. An increase in a commercial zone, coupled with penetration of building automation structures in schools, universities, hospitals, and amusement facilities are anticipated to fuel marketplace increase through 2031.
Honeywell International, Schneider Electric, Siemens AG, ABB, Johnson Controls, Plc, Delta Electronics, Inc., Eaton Corporation, Bosch Rexroth, Emerson, AVASGLO Group, Signellent Technologies (India) Pvt. Ltd., Comnatz Thailand Company Ltd, Does AG, MCS Automation Technology Company Ltd., and Philips Lighting are some prominent players operating in the building automation systems market profiled by FMI.
As per FMI’s analysis, the top 5 players in the building automation systems market comprise Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc, accounting for 44% of the total market share.