The Global Building Automation Systems Market (BAS) is expected to be worth around USD 183.2 billion by 2034, up from USD 76.7 billion in 2024, according to the report. This growth is driven by a CAGR of 9.10% from 2025 to 2034. Europe held a dominant market position in the BAS market, capturing over a 35% share and earning approximately USD 26.84 billion in revenue. The BAS market is expanding with advancements in Internet of Things (IoT) technologies and artificial intelligence (AI). These innovations open new avenues for service providers to offer advanced solutions tailored to specific building requirements. The commercial sector leads the market by 52%, driven by offices, retail spaces, and hospitality industries.
Source
This post was brought to you by Wrk. Our bot looks for news related to automation and post daily.
