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LV Home and Building Automation Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
LV Home and Building Automation MarketBuilding automation is the automatic centralized control of a building's heating, ventilation and air conditioning, lighting and other systems through a building management system or building automation system (BAS). The objectives of building automation are improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs, and improved life cycle of utilities.
Building automation is an example of a distributed control system - the computer networking of electronic devices designed to monitor and control the mechanical, security, fire and flood safety, lighting (especially emergency lighting), HVAC and humidity control and ventilation systems in a building.
The global LV Home and Building Automation market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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North American market for LV Home and Building Automation is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for LV Home and Building Automation is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for LV Home and Building Automation in Residential Building is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of LV Home and Building Automation include Schneider Electric, Siemens Building Technologies Inc, United Technologies Corporation, ABB Limited, Johnson Controls, Legrand (Bticino), Honeywell International Inc, Ingersoll Rand Inc and Eaton Corporation, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for LV Home and Building Automation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LV Home and Building Automation.
By Type
• KNX Systems
• NON KNX Systems
By Application
• Residential Building
• Commercial Building
• Industrial Building
Key Companies
Schneider Electric, Siemens Building Technologies Inc, United Technologies Corporation, ABB Limited, Johnson Controls, Legrand (Bticino), Honeywell International Inc, Ingersoll Rand Inc, Eaton Corporation, BOSCH Security, Azbil Corporation, IDEMIA(Safran Group), Kaba, NEC Corporation of America, Hubbell, Beckhoff Automation GmbH
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