8/4/2025, 5:43:29 PM | finance.yahoo.com | news
Building Automation System Market Set to Double by 2030 Amid Rising IoT Integration
The global building automation system market is projected to grow from USD 101.74 billion in 2025 to USD 191.13 billion by 2030, driven by IoT integration, data analytics, and demand for energy-efficient solutions. Key drivers include advanced surveillance, biometric technologies, and urbanization, with India and the commercial sector playing pivotal roles. Major players like Honeywell, Carrier, and Siemens lead the market, supported by government initiatives and smart city projects.