Building Automation Systems Market in North America 2024-2028

Description

List of Tables

The building automation systems market in North America is forecasted to grow by USD 18.52 bn during 2023-2028, accelerating at a CAGR of 11.8% during the forecast period. The report on the building automation systems market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing focus on sustainability and green building practices, emphasis on enhanced user experience and occupant engagement in bas, and rising demand for smart buildings in North America.

Technavio's building automation systems market in North America is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	10.64%
CAGR	11.8%
Incremental Value	$18.52bn

By Application

Commercial
Industrial
Residential

By Technology

Wired
Wireless

By Geographical Landscape

North America

This study identifies the integration of predictive analytics and ai with bas as one of the prime reasons driving the building automation systems market in North America growth during the next few years. Also, emergence of digital twins and building performance modeling and growing shift towards open protocols and interoperability of bas will lead to sizable demand in the market.

The report on the building automation systems market in North America covers the following areas:

Building automation systems market in North America sizing
Building automation systems market in North America forecast
Building automation systems market in North America industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading building automation systems market in North America vendors that include ABB Ltd., Carrier Global Corp, Emerson Electric Co., Honeywell International Inc., Hubbell Inc., Johnson Controls, Legrand, Mitsubishi Electric Corp., OMRON Corp., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Texas Instruments Inc., Trane Technologies plc, and Rockwell Automation Inc.. Also, the building automation systems market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77839

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Building automation systems market in North America 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Technology Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments
6.2 Comparison by Application
6.3 Commercial - Market size and forecast 2023-2028
6.4 Industrial - Market size and forecast 2023-2028
6.5 Residential - Market size and forecast 2023-2028
6.6 Market opportunity by Application

7 Market Segmentation by Technology

7.1 Market segments
7.2 Comparison by Technology
7.3 Wired - Market size and forecast 2023-2028
7.4 Wireless - Market size and forecast 2023-2028
7.5 Market opportunity by Technology

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 US - Market size and forecast 2023-2028
9.4 Canada - Market size and forecast 2023-2028
9.5 Mexico - Market size and forecast 2023-2028
9.6 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 ABB Ltd.
12.4 Carrier Global Corp
12.5 Emerson Electric Co.
12.6 Honeywell International Inc.
12.7 Hubbell Inc.
12.8 Johnson Controls
12.9 Legrand
12.10 Mitsubishi Electric Corp.
12.11 OMRON Corp.
12.12 Robert Bosch GmbH
12.13 Rockwell Automation Inc.
12.14 Schneider Electric SE
12.15 Siemens AG
12.16 Texas Instruments Inc.
12.17 Trane Technologies plc

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations