Building Automation System Market Size, Share, Analysis 2031
Global Building Automation System Market
Segments - By Type (Wired Technology, and Wireless Technology), By Application (Residential, Commercial, and Others), By Offering (Facility Management Systems, Security & Access Control Systems, Fire Protection Systems, Building Energy Management Software, Bas Services, and Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
Segments - By Type (Wired Technology, and Wireless Technology), By Application (Residential, Commercial, and Others), By Offering (Facility Management Systems, Security & Access Control Systems, Fire Protection Systems, Building Energy Management Software, Bas Services, and Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
The global building automation system market size was valued at USD 102.02 Billion in 2022 and is projected to reach USD 258.86 Billion by 2031, expanding at a CAGR of 10.9% during the forecast period 2023 - 2031. The commercial segment is expected to lead the market in the forecast period.
Increasing implementation of building automation systems in large shopping centers, office buildings, and public transport, such as airports and train stations, is driving the growth of the business segment. Heating, ventilation, and air conditioning (HVAC), lighting, and security & access control systems are major products used in commercial applications. The security and access control systems have become an integral part of commercial buildings because of the rising security concerns in this sector.
In the design and maintenance of BAS, common practice and usefulness in intruder alarms shall not be taken into account. Such a failure may be triggered by security designers and managers (in reference to the owners and operators of the facility) who cannot understand how far BAS converges with other systems.
Strong growth in the BAS market is being driven by the need to increase energy effectiveness and savings through the implementation of green and sustainable actions. These functions are associated with legislation such as the Energy Policy Law 2005 and the Energy Independence and Protection Law of 2007, which impose certain energy efficiency standards on buildings. Increasing electricity consumption has allowed consumers to opt for more energy-efficient solutions.
The use of electricity in the U.S. rose by 1.5% from 2010 to 2018, according to the Environmental Impact Assessment (EIA). Several end-user industries are adopting ways to conserve energy. Some of the approaches include smart lighting systems that can be operated by using a smartphone and provide very convenient accessibility. Smart lighting systems not only increase energy conservation by using smart meters but can also transform any office or home to a high-tech one that is connected to the IoT.
Socio-economic trends, including rapid population growth, increasing middle-class populations, and growing urbanization in India and other countries in South Asia are expected to encourage development in the building automation system market.
Increasing disposable income and rising spending per capita in this part of the region are the key drivers that are expected to boost the sales of goods and solutions for building automation systems, which are expected to boost the demand for these systems.
Growing disposable incomes in these countries is expected to provide significant growth opportunities during the forecast period to the build automation system market.
The BAS market in the Asia Pacific is estimated to expand at a significant CAGR during the forecast period. Growth of the market is attributed to the rapid expansion of the construction sector in developing countries such as China and India and increasing implementations of government policies to promote the use of building automation system. Smart cities have been developed in countries such as China and India.
Building automation systems serve as a central facilitator in the respective countries’ achievement of these objectives. Significant growth of the market in North America is owing to the use of building automation systems for residential, commercial, and industrial purposes to increase energy-efficiency.
Implementation of strict primary federal policy guidelines and greenhouse gas emission regulations, increasing energy costs, and rising awareness about the benefits of automation are important drivers of the Market in the region. \
The global trend for financial and environmental gains within the rest of the world is the main factor for growth of the BAS market. The market is heavily dependent on the attitude towards the greener side of the built environment and its facilities inside each country.
Building Automation System Market Dynamics
The market is driven by factors such as rising demand for energy-efficient BASs, growing focus on for reducing energy costs, prevention of accident and mishaps due to unexpected breakdowns etc.
BAS Makes the buildings environmentally friendly
BASs help optimize HVAC and lighting systems, saving 5% to 30% of the building's total energy consumption. The HVAC also emits significant amount of CO2. According to the US Energy Information Administration, in 2017, the construction sector in the US accounted for 40% of the total energy consumption in the world, 38% of CO2 emissions, and 36% of greenhouse gas emissions.
BAS maximizes energy use and reduce energy costs
Increasing awareness regarding energy conservation and rising focus on reducing the energy use and maintenance costs of buildings are fueling the demand for BAS. The system plays a significant role in maximizing energy use and reducing energy costs. HVACs and BASs are major consumers of energy. Air heating and cooling together with water heating currently account for around 60% of global energy consumption in houses, according to International Energy Agency (IEA).
Prevention of accident and mishaps due to unexpected breakdowns
BASs help reduce the overall cost of building maintenance by providing, if any, early diagnosis to building managers of operational issues in the equipment. This helps prevent accidents and mishaps due to unexpected breakdowns. Technological advancements in the BAS are increasing their efficiency. The rise in automated security systems in buildings, provides a bridge to this market to grow.
Inaccurate idea about integration costing of BAS
BAS aims at saving resources and high operational and maintenance costs. However, end-users and building owners are hesitating to adopt BAS due to their misguided belief that these systems have high installation costs.
Favorable initiatives by governments
Several authorities play a significant role in energy savings and promote CO2 reduction measures. Numerous governments have enacted legislation and policies to improve energy efficiency to reduce the footprint of a building.
Scope of Building Automation System Market Report
The report on the global building automation system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
Details
Report Title
Building Automation System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year
2022
Historic Data
2016 – 2021
Forecast Period
2023–2031
Segmentation
By Type ( Wired Technology and Wireless Technology), By Application (Residential, Commercial, and other), By Offering (Facility Management Systems, Security & Access Control Systems, Fire Protection Systems, Building Energy Management Software, BAS Services, and Others)
Regional Scope
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report
Honeywell International Inc., Siemens, Johnson Controls, Schneider Electric, Carrier (United Technologies Corporation), Robert Bosch GmbH, Hubell (Hubbell Incorporated), ABB, Legrand, Building IQ, Ingersoll Rand (Trane), Lutron Electronics Co., Inc., and Crestron Electronics, Inc.
Building Automation System Market Segmental Outlook
Based on types, the building automation system market has bifurcated into wired technology and wireless technology. The wired technology segment is estimated to hold a large share of the market during the forecast period however wireless technology segment is expected to grow at highest CAGR during the forecast, 11.2% owing to increasing focus on wireless building automation system and connective solutions.
Wireless technology in building automation system have simplified the installation process and improved operational efficiencies, which in turn, elevates the overall value of the system. Furthermore, wireless functionalities as compared to wired technology, are equipped with remote operations, which enhance the performance of the building automation system for different operations.
Companies providing construction automation system are increasing R&D investments to make the system cost-effective, scalable, fully programmable, and wireless. Moreover, acceptance of wireless building automation system among property owners is largely influenced by marketing strategies used by companies to bridge the gap between customer needs and product capabilities.
In terms of applications, the building automation system market has been segmented into residential, commercial, and industrial. The commercial segment is expected to lead the market in the forecast period. Increasing implementation of building automation system in large shopping centers, office buildings, and public transport, such as airports and train stations, is driving the growth of the business segment.
HVAC, lighting, and security & access control system are major products used in commercial applications. The security and access control system have become an integral part of commercial buildings because of the rising security concerns in this sector.
Building Automation System Market Regional Outlook
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a promising region for the market. It constituted a 37.6% share of the market in 2019.
The market in the region is projected to expand at a CAGR of 10.5% during the forecast period. The demand for building automation system is expected to rise owing to the use of building automation system for residential, commercial, and industrial purposes to increase energy-efficiency.
The building automation system market in Asia Pacific is projected to expand at a high CAGR during the forecast period. Growth of the market is attributed to the rapid expansion of the construction sector in developing countries such as China and India and increasing implementations of government policies to promote the use of building automation system.
The market in Middle East & Africa and Latin America is projected to expand at a moderate CAGR, as the governments in the countries in the region are focusing upgrading their regulations for the construction industry.
Key Benefits for Industry Participants & Stakeholders
In-depth Analysis of the Global Building Automation System Market
Historical, Current and Projected Market Size in terms of Value (USD Million)
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Building Automation System Market Performance
Key players in the market include Honeywell International Inc., Siemens, Johnson Controls, Schneider Electric, Carrier (United Technologies Corporation), Robert Bosch GmbH, Hubell (Hubbell Incorporated), ABB, Legrand, Building IQ, Ingersoll Rand (Trane), Lutron Electronics Co., Inc., and Crestron Electronics, Inc.
The players are increasingly focusing on product innovations to sustain in highly competitive and fragmented market. Moreover, the partnerships, mergers, and acquisition are some of the other strategies adopted by leading players to expand geographical presence and capture potential market opportunities.
For instance, In February 2020, Honeywell International Inc. launched Forge Energy Optimization Solution, a closed-loop and cloud-based machine learning solution that continuously analyzes a building's energy expenditure patterns and automatically adapts to optimal energy saving settings.
In December 2019, Siemens introduced an updated Desigo CC platform for small- and medium-sized buildings. The technology allows building operators to improve energy efficiency, comfort, and safety of occupants.
In 2019, Johnson Control and Evoteq entered into a partnership to enter the market in the UAE and launch the country’s first PaaS-based integrated AI Platform to transform offices and operations and make them sustainable, streamlined, and next-generation workplaces. Evoteq is the Middle East-based digital transformation company.
Video Summary for Building Automation System Market
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Building Automation System Market Overview 4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Building Automation System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Building Automation System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Building Automation System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Building Automation System Market Size & Forecast, 2017-2027
4.5.1 Building Automation System Market Size and Y-o-Y Growth
4.5.2 Building Automation System Market Absolute $ Opportunity Chapter 5 Global Building Automation System Market Analysis and Forecast By Type 5.1 Introduction 5.1.1 Key Market Trends & Growth Opportunities By Type 5.1.2 Basis Point Share (BPS) Analysis By Type 5.1.3 Absolute $ Opportunity Assessment By Type 5.2 Building Automation System Market Size Forecast By Type 5.2.1 Wired Technology 5.2.2 Wireless Technology 5.3 Market Attractiveness Analysis By Type Chapter 6 Global Building Automation System Market Analysis and Forecast By Application 6.1 Introduction 6.1.1 Key Market Trends & Growth Opportunities By Application 6.1.2 Basis Point Share (BPS) Analysis By Application 6.1.3 Absolute $ Opportunity Assessment By Application 6.2 Building Automation System Market Size Forecast By Application 6.2.1 Residential 6.2.2 Commercial 6.2.3 Others 6.3 Market Attractiveness Analysis By Application Chapter 7 Global Building Automation System Market Analysis and Forecast By Offering 7.1 Introduction 7.1.1 Key Market Trends & Growth Opportunities By Offering 7.1.2 Basis Point Share (BPS) Analysis By Offering 7.1.3 Absolute $ Opportunity Assessment By Offering 7.2 Building Automation System Market Size Forecast By Offering 7.2.1 Facility Management Systems 7.2.2 Security & Access Control Systems 7.2.3 Fire Protection Systems 7.2.4 Building Energy Management Software 7.2.5 BAS Services 7.2.6 Others 7.3 Market Attractiveness Analysis By Offering Chapter 8 Global Building Automation System Market Analysis and Forecast by Region 8.1 Introduction 8.1.1 Key Market Trends & Growth Opportunities by Region 8.1.2 Basis Point Share (BPS) Analysis by Region 8.1.3 Absolute $ Opportunity Assessment by Region 8.2 Building Automation System Market Size Forecast by Region 8.2.1 North America 8.2.2 Europe 8.2.3 Asia Pacific 8.2.4 Latin America 8.2.5 Middle East & Africa (MEA) 8.3 Market Attractiveness Analysis by Region Chapter 9 Coronavirus Disease (COVID-19) Impact 9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario Chapter 10 North America Building Automation System Analysis and Forecast 10.1 Introduction 10.2 North America Building Automation System Market Size Forecast by Country 10.2.1 U.S. 10.2.2 Canada 10.3 Basis Point Share (BPS) Analysis by Country 10.4 Absolute $ Opportunity Assessment by Country 10.5 Market Attractiveness Analysis by Country 10.6 North America Building Automation System Market Size Forecast By Type 10.6.1 Wired Technology 10.6.2 Wireless Technology 10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type 10.10 North America Building Automation System Market Size Forecast By Application 10.10.1 Residential 10.10.2 Commercial 10.10.3 Others 10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application 10.14 North America Building Automation System Market Size Forecast By Offering 10.14.1 Facility Management Systems 10.14.2 Security & Access Control Systems 10.14.3 Fire Protection Systems 10.14.4 Building Energy Management Software 10.14.5 BAS Services 10.14.6 Others 10.15 Basis Point Share (BPS) Analysis By Offering
10.16 Absolute $ Opportunity Assessment By Offering
10.17 Market Attractiveness Analysis By Offering Chapter 11 Europe Building Automation System Analysis and Forecast 11.1 Introduction 11.2 Europe Building Automation System Market Size Forecast by Country 11.2.1 Germany 11.2.2 France 11.2.3 Italy 11.2.4 U.K. 11.2.5 Spain 11.2.6 Russia 11.2.7 Rest of Europe 11.3 Basis Point Share (BPS) Analysis by Country 11.4 Absolute $ Opportunity Assessment by Country 11.5 Market Attractiveness Analysis by Country 11.6 Europe Building Automation System Market Size Forecast By Type 11.6.1 Wired Technology 11.6.2 Wireless Technology 11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type 11.10 Europe Building Automation System Market Size Forecast By Application 11.10.1 Residential 11.10.2 Commercial 11.10.3 Others 11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application 11.14 Europe Building Automation System Market Size Forecast By Offering 11.14.1 Facility Management Systems 11.14.2 Security & Access Control Systems 11.14.3 Fire Protection Systems 11.14.4 Building Energy Management Software 11.14.5 BAS Services 11.14.6 Others 11.15 Basis Point Share (BPS) Analysis By Offering
11.16 Absolute $ Opportunity Assessment By Offering
11.17 Market Attractiveness Analysis By Offering Chapter 12 Asia Pacific Building Automation System Analysis and Forecast 12.1 Introduction 12.2 Asia Pacific Building Automation System Market Size Forecast by Country 12.2.1 China 12.2.2 Japan 12.2.3 South Korea 12.2.4 India 12.2.5 Australia 12.2.6 South East Asia (SEA) 12.2.7 Rest of Asia Pacific (APAC) 12.3 Basis Point Share (BPS) Analysis by Country 12.4 Absolute $ Opportunity Assessment by Country 12.5 Market Attractiveness Analysis by Country 12.6 Asia Pacific Building Automation System Market Size Forecast By Type 12.6.1 Wired Technology 12.6.2 Wireless Technology 12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type 12.10 Asia Pacific Building Automation System Market Size Forecast By Application 12.10.1 Residential 12.10.2 Commercial 12.10.3 Others 12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application 12.14 Asia Pacific Building Automation System Market Size Forecast By Offering 12.14.1 Facility Management Systems 12.14.2 Security & Access Control Systems 12.14.3 Fire Protection Systems 12.14.4 Building Energy Management Software 12.14.5 BAS Services 12.14.6 Others 12.15 Basis Point Share (BPS) Analysis By Offering
12.16 Absolute $ Opportunity Assessment By Offering
12.17 Market Attractiveness Analysis By Offering Chapter 13 Latin America Building Automation System Analysis and Forecast 13.1 Introduction 13.2 Latin America Building Automation System Market Size Forecast by Country 13.2.1 Brazil 13.2.2 Mexico 13.2.3 Rest of Latin America (LATAM) 13.3 Basis Point Share (BPS) Analysis by Country 13.4 Absolute $ Opportunity Assessment by Country 13.5 Market Attractiveness Analysis by Country 13.6 Latin America Building Automation System Market Size Forecast By Type 13.6.1 Wired Technology 13.6.2 Wireless Technology 13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type 13.10 Latin America Building Automation System Market Size Forecast By Application 13.10.1 Residential 13.10.2 Commercial 13.10.3 Others 13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application 13.14 Latin America Building Automation System Market Size Forecast By Offering 13.14.1 Facility Management Systems 13.14.2 Security & Access Control Systems 13.14.3 Fire Protection Systems 13.14.4 Building Energy Management Software 13.14.5 BAS Services 13.14.6 Others 13.15 Basis Point Share (BPS) Analysis By Offering
13.16 Absolute $ Opportunity Assessment By Offering
13.17 Market Attractiveness Analysis By Offering Chapter 14 Middle East & Africa (MEA) Building Automation System Analysis and Forecast 14.1 Introduction 14.2 Middle East & Africa (MEA) Building Automation System Market Size Forecast by Country 14.2.1 Saudi Arabia 14.2.2 South Africa 14.2.3 UAE 14.2.4 Rest of Middle East & Africa (MEA) 14.3 Basis Point Share (BPS) Analysis by Country 14.4 Absolute $ Opportunity Assessment by Country 14.5 Market Attractiveness Analysis by Country 14.6 Middle East & Africa (MEA) Building Automation System Market Size Forecast By Type 14.6.1 Wired Technology 14.6.2 Wireless Technology 14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type 14.10 Middle East & Africa (MEA) Building Automation System Market Size Forecast By Application 14.10.1 Residential 14.10.2 Commercial 14.10.3 Others 14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application 14.14 Middle East & Africa (MEA) Building Automation System Market Size Forecast By Offering 14.14.1 Facility Management Systems 14.14.2 Security & Access Control Systems 14.14.3 Fire Protection Systems 14.14.4 Building Energy Management Software 14.14.5 BAS Services 14.14.6 Others 14.15 Basis Point Share (BPS) Analysis By Offering
14.16 Absolute $ Opportunity Assessment By Offering
14.17 Market Attractiveness Analysis By Offering Chapter 15 Competition Landscape 15.1 Building Automation System Market: Competitive Dashboard 15.2 Global Building Automation System Market: Market Share Analysis, 2019 15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Honeywell International Inc 15.3.2 Siemens AG 15.3.3 Johnson Controls 15.3.4 Schneider Electric 15.3.5 Carrier (United Technologies Corporation) 15.3.6 Robert Bosch GmbH 15.3.7 Hubell (Hubbell Incorporated) 15.3.8 ABB 15.3.9 Legrand 15.3.10 BuildingIQ 15.3.11 Ingersoll Rand (Trane) 15.3.12 Lutron Electronics Co., Inc. 15.3.13 Crestron Electronics, Inc
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