Intelligent Building Automation Technologies Market by Offering, Function, Application

Description

List of Tables

[183 Pages Report] The Intelligent Building Automation Technologies Market size was estimated at USD 62.47 billion in 2023 and expected to reach USD 67.16 billion in 2024, at a CAGR 7.76% to reach USD 105.44 billion by 2030.

Intelligent building automation technologies refer to interconnected networks of hardware and software systems that control and monitor a building's mechanical and electrical equipment, such as ventilation, air conditioning (HVAC) systems, lighting, security devices, and other essential services. The main objective of intelligent building automation technologies is to enhance the operational efficiency, comfort, and safety of building occupants while simultaneously reducing energy consumption and maintenance costs. Meanwhile, the growing emphasis on energy-efficient and eco-friendly building solutions worldwide has bolstered the demand for intelligent building automation technologies. In addition, the integration of renewable energy sources with building automation systems is also propelling the market forward. However, the high cost associated with the installation and concerns associated with data privacy and security is a significant challenge faced by manufacturers and software providers. Companies constantly focus on developing cost-effective solutions to facilitate wider adoption, especially in retrofitting existing buildings. At the same time, enhancing interoperability standards to allow seamless integration of different systems and devices within the building automation ecosystem is essential for companies to remain agile within the global space. Moreover, the integration of cloud-based solutions for remote monitoring and control and IoT-enabled predictive maintenance for real-time optimization of building systems presents a significant opportunity for key companies.

KEY MARKET STATISTICS
Base Year [2023]	USD 62.47 billion
Estimated Year [2024]	USD 67.16 billion
Forecast Year [2030]	USD 105.44 billion
CAGR (%)	7.76%

Offering: Integration of advanced technology in hardware and software solutions to offer seamless connectivity in building automation

The foundation of intelligent building automation lies in its hardware offerings, which include sensors, controllers, actuators, and gateways. These components are integral for gathering data, executing control tasks, managing energy consumption, and ensuring seamless connectivity across an intelligent building's network infrastructure. On the other hand, service offerings in intelligent building automation encompass professional consultation, installation, maintenance, and support services. Moreover, robust building management systems (BMS) and user-friendly interface applications for monitoring, data analysis, and automated control processes are sophisticated software that integrates all hardware components into a cohesive, intelligent system. Adaptable software solutions provide predictive maintenance alerts, energy management tools, and detailed reporting features, accessible through secure cloud-based platforms promoting mobility, scalability, and ease of use for building managers.

Application: Adoption of intelligent building automation in commercial and industrial sectors offering infrastructure integrity and worker safety

Intelligent building automation technologies are rapidly transforming the management and operation of various building types, enhancing efficiency, safety, and comfort across commercial, industrial, and residential sectors. In the commercial sector, intelligent building automation technologies streamline operations, reduce energy costs, and improve the working environment, leading to increased productivity and tenant satisfaction in office buildings, shopping centers, and hotels. For the industrial sector, these technologies optimize manufacturing processes, maintain infrastructure integrity, and ensure worker safety, which is critical in warehouses, factories, and utility plants. Within the residential landscape, intelligent building automation technologies enhance the homeowner's convenience and quality of life by offering smart home systems that provide security, energy management, and automation of household tasks, thereby creating a more sustainable and comfortable living environment.

Regional Insights

The Americas region has an established market for intelligent building automation technologies, with the United States and Canada at the forefront. The prevalence of smart buildings in these countries is driven by consumer awareness regarding energy efficiency, the proliferation of IoT devices, and regulatory policies promoting smart infrastructure. On the other hand, the Europe, Middle East, and Africa (EMEA) region is characterized by diverse markets ranging from mature European economies to rapidly developing regions in the Middle East and Africa. The uptake of intelligent building automation technologies varies widely depending on economic conditions, technological landscape, and government energy policies. The Asia Pacific region exhibits a high growth potential for intelligent building automation technologies due to rapid urbanization, smart city initiatives, and investment in infrastructure. Countries such as China, Japan, and India are central in this region, propelled by government backing and private-sector innovation. China and India's focus on sustainable urban development has led to the implementation of several smart city projects, directly impacting the demand for advanced building automation systems in this region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Intelligent Building Automation Technologies Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Intelligent Building Automation Technologies Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Intelligent Building Automation Technologies Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amazon Web Services, Inc., Azbil Corporation, BELIMO Holding AG, Buildings IOT, Carrier Global Corporation, Cisco Systems, Inc., Delta Controls Inc., Eaton Corporation PLC, Ecosave LLC, Emerson Electric Co., General Electric Company, GEZE GmbH, Hitachi, Ltd., Honeywell International Inc., Ingersoll Rand, Intelligent Buildings, LLC, Johnson Control International PLC, Kieback&Peter GmbH & Co. KG, Lynxspring Inc., Microsoft Corporation, Mitsubishi Electric Corporation, Oracle Corporation, Priva Holding BV, Robert Bosch GmbH, Rockwell Automation Inc., Sauter AG, Schneider Electric SE, Siemens AG, The Hubbell Group, Inc., and Trane Technologies Company, LLC.

Market Segmentation & Coverage

This research report categorizes the Intelligent Building Automation Technologies Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Hardware
- Service
- Software

Function
- Building Energy Management Systems
- Facility Management Systems
- Life Safety Systems
- Security Systems

Application
- Commercial
- Industrial
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Intelligent Building Automation Technologies Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Intelligent Building Automation Technologies Market?

3. What are the technology trends and regulatory frameworks in the Intelligent Building Automation Technologies Market?

4. What is the market share of the leading vendors in the Intelligent Building Automation Technologies Market?

5. Which modes and strategic moves are suitable for entering the Intelligent Building Automation Technologies Market?

Product Code: MRR-521BAA36EB54

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing focus on establishing energy-efficient and eco-friendly buildings
  - 5.1.1.2. Rising adoption of automated security systems in buildings
  - 5.1.1.3. Rapid penetration of IoT in intelligent building automation technologies
- 5.1.2. Restraints
  - 5.1.2.1. High installation costs of intelligent building automation technologies
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in intelligent building automation technologies and integration with data analytics
  - 5.1.3.2. Significant investments for development of smart cities
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with data privacy and data security
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Integration of advanced technology in hardware and software solutions to offer seamless connectivity in building automation
- 5.2.2. Application: Adoption of intelligent building automation in commercial and industrial sectors offering infrastructure integrity and worker safety
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Intelligent Building Automation Technologies Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Service
6.4. Software

7. Intelligent Building Automation Technologies Market, by Function

7.1. Introduction
7.2. Building Energy Management Systems
7.3. Facility Management Systems
7.4. Life Safety Systems
7.5. Security Systems

8. Intelligent Building Automation Technologies Market, by Application

8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Residential

9. Americas Intelligent Building Automation Technologies Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Intelligent Building Automation Technologies Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Intelligent Building Automation Technologies Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Honeywell to Strengthen Building Automation Business with Acquisition of Carrier's Global Access Solutions
- 12.3.2. Tosibox and Innotech Collaborate to Bring Advanced Building Automation Solutions to the Global Market
- 12.3.3. Honeywell Launches New Control System to Enhance Building Energy Management
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio