Revenue of the building automation market worldwide 2020-2023

Published by
Bergur Thormundsson,
Sep 7, 2023
The revenue of the global building automation market is anticipated to reach 273 billion U.S. dollars by 2023, according to McKinsey. The overall market is expected to grow at a compound annual growth rate of seven percent between 2020 and 2023.

Projected market value of the building automation market worldwide between 2020 and 2023 (in billion U.S. dollars)

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Release date

April 2020

Region

Worldwide

Survey time period

as of 2020

Supplementary notes

The market includes the following segmentsÖ building management systems, lighting controls, fire detection, HVAC controls, security systems

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