Building Automation System Market Worth $ 121.5 Billion by 2024 - Exclusive Report by MarketsandMarkets - Seite 2

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Increasing construction industry in developing countries such as China and India will boost the demand for BAS in APAC during the forecast period

The BAS market in APAC is expected to grow at the highest CAGR during the forecast period. The rapid growth of the construction industry in developing countries, such as China and India, and government initiatives toward energy conservation have contributed to the growth of the BAS market in APAC. Countries such as China and India have aggressively started developing smart cities. BAS is acting as a key enabler in achieving these objectives by the respective countries.

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Honeywell International (US), Siemens AG (Germany), Johnson Controls International (Ireland), Schneider Electric (France), United Technologies Corp. (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), and Ingersoll-Rand (Ireland) are among a few major players in the BAS market.

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