The global Building Automation System (BAS) Market is poised for rapid growth, driven by the increasing adoption of smart technologies, energy efficiency initiatives, and the demand for enhanced safety and comfort in modern buildings. Building automation systems, which integrate and control various building functions like HVAC, lighting, security, and energy management, are transforming the way …
Tag Archives: Building Automation System Market
Building Automation System Market to Grow at a Healthy 7.8% CAGR between 2021 to 2031
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. Rapid advancements in building automation systems, coupled with the emergence of connective technologies such as artificial intelligence, machine learning, and cloud computing will continue augmenting market growth during the forecast period. FMI projects the market …