Building Automation System Global Market Report 2024

Description

“Building Automation System Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on building automation system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for building automation system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The building automation system market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Hardware, Software
2) By Offerings: Facility Management Systems; Security And Access Controls; Fire Protection Systems; Building Energy Management Software; Building Automation System Services; Other Offerings
2) By Technology: Wireless Technology; Wired Technology
4) By Application: Industrial; Residential; Commercial
Companies Mentioned: Honeywell International Inc.; Robert Bosch GmbH; Johnson Controls International plc; Mitsubishi Electric Corporation; ABB Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A building automation system refers to an intelligent framework incorporating both hardware and software components. Its purpose is to oversee and regulate diverse building systems such as heating, ventilation, air conditioning (HVAC), lighting, security, and more enabling their interaction and control through a unified platform.

Primary offerings within building automation systems include facility management systems, security and access controls, fire protection systems, building energy management software, services related to building automation, and other related solutions. Facility management software, for instance, streamlines tasks ranging from simple to moderately complex facility management responsibilities, empowering users to manage these tasks autonomously. Comprising hardware and software components, this software finds applications across various sectors, including industrial, residential, and commercial spaces.

The building automation systems market research report is one of a series of new reports from The Business Research Company that provides building automation systems market statistics, including building automation systems industry global market size, regional shares, competitors with a building automation systems market share, detailed building automation systems market segments, market trends and opportunities, and any further data you may need to thrive in the building automation systems industry. This building automation systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The building automation system market size has grown rapidly in recent years. It will grow from $90.28 billion in 2023 to $100.57 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth witnessed in the past can be credited to factors such as enhanced energy efficiency leading to cost savings, governmental regulations and incentives, the rising demand for smart buildings, emphasis on occupant comfort and well-being, as well as the seamless integration of building systems.

The building automation system market size is expected to see rapid growth in the next few years. It will grow to $159.69 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. Anticipated growth in the upcoming period is linked to swift urbanization and the implementation of smart city initiatives. This surge will be driven by an increased emphasis on sustainability and the development of green buildings, alongside the integration of cloud and edge computing technologies. Key drivers will include remote monitoring and control functionalities, fortified by robust cybersecurity measures. Notable trends on the horizon involve the swift adoption of IoT and edge computing, a concentrated effort on enhancing energy efficiency and sustainability, the amalgamation of AI and ML, reinforced cybersecurity measures, and the expansion of cloud-based solutions to facilitate remote accessibility.

The expansion of construction activities is anticipated to drive growth in the building automation system (BAS) market. Construction, encompassing the erection of various physical structures such as buildings, roads, and infrastructure, correlates with heightened demand for BAS. These systems streamline tasks for engineering personnel and bolster productivity for construction managers. Notably, in 2022, the UK's Office for National Statistics reported a 5.6% surge in annual construction production compared to the previous year, highlighting the influential role of escalating construction endeavors in fueling BAS market growth.

The increasing emphasis on energy efficiency is poised to propel the building automation systems (BAS) market. Energy efficiency crucially optimizes resource utilization, minimizes carbon footprints, and augments occupant comfort. The BAS market benefits from this focus by enabling remote monitoring and control of building systems. Notably, in December 2022, Eurostat outlined the European Union's plans to ramp up energy efficiency by at least 32.5% by 2030, affirming the trajectory driving the BAS market's expansion.

Technological advancements are becoming a prominent trend within the building automation system market. Key industry players are actively innovating to fortify their market positions. For example, Daikin Applied Americas Inc., in January 2022, introduced SiteLine Building Controls. This innovative suite offers comprehensive oversight of HVAC systems and integrated building solutions, ensuring pleasant and sustainable environments. It effectively addresses integration challenges faced by engineers and contractors on a daily basis.

Leading firms in the building automation system market are prioritizing innovative offerings such as the connect box to drive revenue growth. The connect box, a smart IoT solution, targets small and medium-sized buildings, delivering up to 30% enhanced energy efficiency and improved indoor air quality. Notably, Siemens Smart Infrastructure, a division of Siemens AG, unveiled the connect box in March 2023. This cloud-based interface provides centralized building management capabilities, furnishing valuable insights into operations and enabling process optimization. The accessible online platform via smartphones or desktops offers clients licensing options catering to their specific needs.

In October 2021, Siemens AG, a renowned German automation firm, completed the acquisition of Wattsense for an undisclosed sum. This strategic move by Siemens aims to expedite the integration of IoT systems across a wider spectrum of buildings, particularly catering to small and mid-sized structures. By harnessing Wattsense's expertise, Siemens endeavors to extend the advantages of sustainability, comfort, and cost-efficiency to a broader audience and a more extensive range of enterprises. Wattsense, based in France, specializes in offering straightforward building management systems utilizing IoT technology, specifically designed for monitoring and controlling small and medium-sized buildings.

Major companies operating in the building automation system market report are Honeywell International Inc., Robert Bosch GmbH, Johnson Controls International plc, Mitsubishi Electric Corporation, ABB Ltd., Schneider Electric SE, Siemens AG, Hubbell Inc., United Technologies Corporation, Ingersoll-Rand plc, General Electric Company, Cisco Systems Inc., Trane Technologies, Lutron Electronics Co. Ltd., Hitachi Ltd., Huawei Technologies Co. Ltd., Emerson Electric Co., Legrand, Control4 Corporation, Automated Logic Corporation, Delta Controls Inc., Distech Controls Inc., Crestron Electronics Inc., Leviton Manufacturing Co. Inc., Lynxspring Inc., Reliable Controls Corporation, Tridium Inc., Carrier Corporation, Computrols Inc., Daikin Industries Ltd.

North America was the largest region in the building automation system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global building automation system market report during the forecast period. The regions covered in the building automation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the building automation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The building automation system market consists of revenues earned by entities by providing services such as design and engineering, installation and commissioning, maintenance and support, monitoring and optimization and consulting and training. The market value includes the value of related goods sold by the service provider or included within the service offering. The building automation system market also includes sales of sensors, output devices, controllers, communication protocols, and a terminal. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products."

Product Code: r11584

1. Executive Summary

2. Building Automation System Market Characteristics

3. Building Automation System Market Trends And Strategies

4. Building Automation System Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Building Automation System Market Size and Growth

5.1. Global Building Automation System Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Building Automation System Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Building Automation System Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Building Automation System Market Segmentation

6.1. Global Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hardware
Software
6.2. Global Building Automation System Market, Segmentation By Offerings, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Facility Management Systems
Security And Access Controls
Fire Protection Systems
Building Energy Management Software
Building Automation System Services
Other Offerings
6.3. Global Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wireless Technology
Wired Technology
6.4. Global Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Industrial
Residential
Commercial

7. Building Automation System Market Regional And Country Analysis

7.1. Global Building Automation System Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Building Automation System Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Building Automation System Market

8.1. Asia-Pacific Building Automation System Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Building Automation System Market

9.1. China Building Automation System Market Overview
9.2. China Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Building Automation System Market

10.1. India Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Building Automation System Market

11.1. Japan Building Automation System Market Overview
11.2. Japan Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Building Automation System Market

12.1. Australia Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Building Automation System Market

13.1. Indonesia Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Building Automation System Market

14.1. South Korea Building Automation System Market Overview
14.2. South Korea Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Building Automation System Market

15.1. Western Europe Building Automation System Market Overview
15.2. Western Europe Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Building Automation System Market

16.1. UK Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Building Automation System Market

17.1. Germany Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Building Automation System Market

18.1. France Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Building Automation System Market

19.1. Italy Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Building Automation System Market

20.1. Spain Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Building Automation System Market

21.1. Eastern Europe Building Automation System Market Overview
21.2. Eastern Europe Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Building Automation System Market

22.1. Russia Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Building Automation System Market

23.1. North America Building Automation System Market Overview
23.2. North America Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Building Automation System Market

24.1. USA Building Automation System Market Overview
24.2. USA Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Building Automation System Market

25.1. Canada Building Automation System Market Overview
25.2. Canada Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Building Automation System Market

26.1. South America Building Automation System Market Overview
26.2. South America Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Building Automation System Market

27.1. Brazil Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Building Automation System Market

28.1. Middle East Building Automation System Market Overview
28.2. Middle East Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Building Automation System Market

29.1. Africa Building Automation System Market Overview
29.2. Africa Building Automation System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Building Automation System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Building Automation System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Building Automation System Market Competitive Landscape And Company Profiles

30.1. Building Automation System Market Competitive Landscape
30.2. Building Automation System Market Company Profiles
- 30.2.1. Honeywell International Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Robert Bosch GmbH
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Johnson Controls International plc
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Mitsubishi Electric Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. ABB Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Building Automation System Market Competitive Benchmarking

32. Global Building Automation System Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Building Automation System Market

34. Building Automation System Market Future Outlook and Potential Analysis

34.1 Building Automation System Market In 2028 - Countries Offering Most New Opportunities
34.2 Building Automation System Market In 2028 - Segments Offering Most New Opportunities
34.3 Building Automation System Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer