Global Building Automation System Market was valued US$ XX Bn in 2018 and is expected to reach US$ 165.87 Bn by 2026, at CAGR of XX % during forecast period.

Rapid infrastructure growth focuses on designing and establishing energy-efficient and eco-friendly buildings. In developing nation the commercial buildings are the major consumers of BAS, which drives the growth of BAS market for commercial applications. The market growth can be attributed to the increase in awareness about energy conservation and favourable government initiatives supporting adoption of the BAS market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Building automation systems include wireless protocols and wireless sensor network technology and the internet of things (IoT) are the critical factors driving the growth of the BAS market. Raising the demand for security solutions increases the need for advanced technology. Worldwide governments are also investing heavily to develop reliable security systems for safeguarding their citizens from terrorist attacks. Growing demand for system integration in commercial and residential applications is currently acting as one of the key drivers for the global BAS market growth.

Market growth is further supported by the numerous emerging trends such as cloud connectivity, internet of things (IoT), mobility or apps, and wearable devices, among others for smart buildings. Huge range of market opportunities can be seen in the field of artificial intelligence techniques that will be simultaneously synced with business enterprise software.

At the same time, the major restraining factors in the global BAS market include the high initial cost required for the purpose of designing and setting up any BAS system. The growing level of innovation in several wireless technologies and initiatives taken up by the governments, manufacturers and facility managers in order to create awareness about the benefits of BAS among the customers is likely to lower down the impact of this inhibiting factor.

North America is expected to be a leading region in building automation systems, followed by Western Europe, owing to the presence of key players in this region. But the Asia Pacific is expected to witness a high growth rate over the forecast period particularly in the construction industry in countries such as China and India. South America is expected to grow moderately in this market as countries like Brazil are opening up to new technologies. The Middle East and Africa market are impacted by the UAE’s market, which is fast in adopting new technologies and will help the market grow.

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