Market Research Future (MRFR) has published on the “Global North America Building Automation Systems Market”.
The North America Building Automation Systems market is estimated to register a CAGR of 9.0% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the North America Building Automation Systems market ABB, Bosch Building Technologies GmbH, Emerson Electric. Co., Csico Systems, Inc, Siemens Building Technologies, Hitachi, Lutron Electronics Inc., Automated Logic, MSA Safety Incorporated, Beckhoff, Mitsubishi Electric Corporation, Delta Controls, Honeywell International Inc., Johnson Controls, and Schneider Electric.
North America Building Automation Systems Market Highlights
The North America Building Automation Systems market is accounted for to register a CAGR of 9.0% during the forecast period and is estimated to reach USD 81,127 million by 2032.
The planning, design, and construction sectors in North America encompass the development of a wide range of infrastructure projects, including the construction of roads, bridges, residential and commercial buildings, and other public and private constructions. Growing demand for eco-friendly building materials is one of the primary drivers of the North American construction market's growth. A shift is underway in favor of more ecologically friendly alternatives, such as recycled aggregate, green cement, and prefabricated building materials, as people become more conscious of the harm that traditional building methods and materials cause to the environment. It is expected that this pattern will support the rise of the building business in the upcoming years.
Additionally, the construction companies are benefiting from the rapid urbanization and population expansion in some North American nations. The need for construction services is driven by the increasing need for housing, commercial space, and public infrastructure to support the expanding urban population. The rising disposable income and rising standard of living in the area further fuel this demand, leading to an expansion of the North America building sector. The increased emphasis on upgrading and renovating existing infrastructure is advantageous for the North America construction market as well. There is a growing demand for restoration and modernization initiatives to maintain and enhance existing structures because many North American cities have old and historical infrastructure. This emphasis on upgrading existing structures and infrastructure contributes to the expansion of the regional construction market and will help increase demand for building automation systems.
Segment Analysis
The North America Building Automation Systems market has been segmented based on Component, type, Network Connectivity, Building Size, Building Type, and Application.
Based on component, the market is segmented into Hardware, Software, and Services. The hardware segment was attributed to holding the largest market share in 2022 with a market share of ~69.9% revenue as estimated by MRFR analysts.
Based on type, the market is segmented into light control system, HVAC control system, surveillance system, fire protection system, access control system, facility management system, and others. The access control system segment was attributed to holding the largest market share in 2022.
Based on network connectivity, the North America Building Automation Systems market has been segmented into wired and wireless. The wired segment was expected to hold the largest market share in 2022.
Based on the building size, the market is segmented into small, mid-sized, and large. The Mid-Sized segment is projected to have the largest market share during the forecast period.
Based on the building type, the market is segmented into older buildings and newer building. The Newer Building segment is projected to have the largest market share during the forecast period.
Based on the application, the market is segmented into Residential, Commercial, Industrial, Government, and Religious Buildings. The commercial segment is projected to have the largest market share during the forecast period.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of North America Building Automation System Market Research Report
Country Analysis
The North America Building Automation Systems market, based on country, has been divided into the US, Canada, and Mexico.
The growth of the automotive BBW systems market in North America is attributed to the strong presence of automotive manufacturers and technological advancements in the region. The growth of the market in the region is attributed to the increasing focus on vehicle safety and regulations mandating the integration of advanced safety systems. Automotive BBW systems offer enhanced braking performance, stability, and control, aligning with the region's emphasis on safety standards. Additionally, the growing adoption of electric vehicles (EVs) in North America is driving the demand for Automotive BBW systems.
The Europe is the highest shareholder in generative AI in fulfilment and logistic. The growth of the automotive BBW systems market in Europe is driven by several factors, including stringent safety regulations, technological advancements, and the presence of leading automotive manufacturers. One driving factor specific to the region is the increasing demand for advanced safety features and systems in vehicles. Automotive BBW systems offer improved braking performance, responsiveness, and control, aligning with the region's focus on vehicle safety. Moreover, Europe has witnessed a rapid increase in the adoption of electric vehicles, which further drives the demand for Automotive BBW systems.
The growth of the automotive BBW systems market in Asia-Pacific is attributed to the region's booming automotive industry, increasing disposable incomes, and technological advancements. The growth of the market in the region is attributed to the growing demand for passenger vehicles and commercial vehicles. The increasing urbanization, rising middle-class population, and improving infrastructure contribute to the growing vehicle sales in the region. Automotive BBW systems offer enhanced safety, performance, and control, which align with the region's focus on improving driving experience and safety standards. Furthermore, the Asia-Pacific region is a leading market for electric vehicles, with China being the largest market for EVs globally.
The growth of the automotive BBW systems market in this region is attributed to the increasing automotive production, economic growth, and rising consumer demand for safety features. The growth of the market in the region is attributed to improving infrastructure and expanding automotive manufacturing capabilities. The region has witnessed significant investments in the automotive sector, leading to increased vehicle production and demand for advanced braking technologies. Automotive BBW systems offer improved braking performance, stability, and control, aligning with the region's focus on enhancing vehicle safety.
Key Findings of the Study
- The North America Building Automation Systems market is expected to reach USD 81,127 million by 2032, at a CAGR of 9.0% during the forecast period.
- The US Country accounted for the fastest-growing global market, as it has region's large manufacturing and logistics industries.
- Based on Component, the Electronic Control Unit (ECU) segment was attributed to holding the largest market in 2022, with an approximate market share of 69.9%.
- ABB, Bosch Building Technologies GmbH, Emerson Electric. Co., Csico Systems, Inc, Siemens Building Technologies, Hitachi, Lutron Electronics Inc., Automated Logic, MSA Safety Incorporated, Beckhoff, Mitsubishi Electric Corporation, Delta Controls, Honeywell International Inc., Johnson Controls, and Schneider Electric.
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Companies Covered | 15 |
Pages | 128 |
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