Building Automation System Market Size, Share, Analysis 2031

Building Automation System Market Size, Share, Analysis 2031

Segments - Global Building Automation System Market 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

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-42 | 4.8 Rating | 70 Reviews | 174 Pages | Format : PDF Excel PPT

Report Description


Building Automation System Market Outlook 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.

Building Automation System Market Outlook


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.

Building Automation System Market Types

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 Applications

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.

Building Automation System Market Regions

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

Segments

By Type

  • Wired Technology
  • Wireless Technology

By Application

  • Residential
  • Commercial
  • Others

By Offering

  • Facility Management Systems
  • Security & Access Control Systems
  • Fire Protection Systems
  • Building Energy Management Software
  • BAS Services
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of Middle East & Africa

Key Market Players Profiled in the Report

  • Honeywell International Inc.
  • Siemens AG
  • Johnson Controls International plc
  • Schneider Electric
  • Carrier (United Technologies Corporation)
  • Robert Bosch GmbH
  • Hubell (Hubbell Incorporated)
  • ABB
  • Legrand
  • Building IQ
  • Ingersoll Rand (Trane)
  • Lutron Electronics Co., Inc.
  • Crestron Electronics, Inc.

Competitive Landscape

  • 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.

Building Automation System Market Key Players

Video Summary for Building Automation System Market

Table Of Content

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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