Building Automation And Control System Global Market Report 2024

Description

A building automation and control system (BACS) is a centralized system that integrates and controls various building systems to optimize energy efficiency, enhance occupant comfort, and streamline facility management operations. It provides intelligent solutions to manage and optimize building performance, comfort, and efficiency.

Key offerings in building automation and control systems include solutions and services. These solutions streamline operations, enhance energy efficiency, and improve occupant comfort by integrating and automating various building systems such as HVAC, lighting, and security onto a centralized platform for monitoring and control. Technology types include wired and wireless, catering to end users in residential, commercial, and industrial sectors.

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

The building automation and control system market size has grown strongly in recent years. It will grow from $87.90 billion in 2023 to $96.36 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth observed in the historic period can be attributed to several factors, including energy efficiency regulations driving adoption, demands for cost reduction, a shift towards smart buildings, increased focus on occupant comfort and well-being, and growing demand for real-time monitoring and control solutions.

The building automation and control system market size is expected to see rapid growth in the next few years. It will grow to $141.05 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. Forecasted growth in the upcoming period can be attributed to a heightened focus on energy efficiency and sustainability, the expansion of smart cities and infrastructure projects, increased connectivity and interoperability among building systems, and the rise of remote work and remote monitoring solutions. Major trends expected in the forecast period include the integration of artificial intelligence (AI) and machine learning technologies, the expansion of internet of things (IoT) connectivity to enable data-driven decision-making, the growth of edge computing for real-time processing of data, adoption of cloud-based solutions for scalability and flexibility, and the rise of smart building platforms to streamline management and optimization processes.

The building automation and control system market is poised for significant growth, driven by the rise in smart building construction. Smart buildings leverage advanced technology and interconnected systems to optimize energy efficiency, enhance occupant comfort, and improve operational efficiency. This trend is fueled by cost-saving opportunities, regulatory requirements, and the growing demand for connected and intelligent spaces. According to reports published by Buildup, the number of smart buildings globally is projected to reach 115 million by 2026, up from 45 million in 2022. This surge in smart building construction is driving the adoption of building automation and control systems to ensure interoperability and centralized control of building operations.

Key players in the building automation and control system market are innovating to meet the evolving demands of smart building construction. One such innovation is the development of IoT-based smart actuators, which combine traditional actuation capabilities with smart technology features. These smart actuators typically incorporate sensors, connectivity, and control mechanisms to enable autonomous control of air conditioning, ventilation, and heating systems. For instance, Sauter AG, a Switzerland-based building automation company, launched a new generation of IoT-capable actuators with features such as simple commissioning and installation, cloud connectivity, remote access, and smartphone app integration. These advancements enhance building automation and renovation processes, contributing to the growth of the market.

In March 2023, Building Controls and Solutions, a US-based distributor of energy management solutions, acquired Minvalco Inc. for $455 million. This acquisition aims to expand Building Controls and Solutions' services and strengthen its position in the North American building automation market. Minvalco Inc. is a US-based provider of building automation and control systems, aligning with Building Controls and Solutions' growth strategy in the rapidly expanding smart building construction sector.

Major companies operating in the building automation and control system market are Robert Bosch GmbH, Hitachi Ltd., Siemens AG, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd, Johnson Controls International plc, Trane Technologies plc, Emerson Electric Co., Legrand SA, Rockwell Automation Inc., Signify Holding B.V., Hubbell Incorporated, Lennox International Inc., Acuity Brands Inc., Carrier Global Corporation, Crestron Electronics Inc., Leviton Manufacturing Co. Inc., Beckhoff Automation GmbH & Co. KG, Snap One LLC, Lutron Electronics Co. Inc., Current Lighting Solutions LLC., Dialight plc, Uplight Inc.

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

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

The building automation and control system market consists of revenues earned by entities through services such as installation services, integration services, commissioning services, training services, energy management services, system upgrades and expansion, and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The market for building automation and control systems also includes sales of controllers, sensors, actuators, human-machine interfaces, networking infrastructure, and software application equipment. 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.

Including: 1) By Offerings: Solution; Services
2) By Technology: Wired; Wireless
3) By End User: Residential; Commercial; Industrial
Covering: Robert Bosch GmbH; Hitachi Ltd; Siemens AG; Cisco Systems Inc.; Schneider Electric SE

Product Code: r17298

1. Executive Summary

2. Building Automation And Control System Market Characteristics

3. Building Automation And Control System Market Trends And Strategies

4. Building Automation And Control 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 And Control System Market Size and Growth

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

6. Building Automation And Control System Market Segmentation

6.1. Global Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solution
Services
6.2. Global Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wired
Wireless
6.3. Global Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Industrial

7. Building Automation And Control System Market Regional And Country Analysis

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

8. Asia-Pacific Building Automation And Control System Market

8.1. Asia-Pacific Building Automation And Control 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 And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Building Automation And Control System Market

9.1. China Building Automation And Control System Market Overview
9.2. China Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Building Automation And Control System Market

10.1. India Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Building Automation And Control System Market

11.1. Japan Building Automation And Control System Market Overview
11.2. Japan Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Building Automation And Control System Market

12.1. Australia Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Building Automation And Control System Market

13.1. Indonesia Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Building Automation And Control System Market

14.1. South Korea Building Automation And Control System Market Overview
14.2. South Korea Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Building Automation And Control System Market

15.1. Western Europe Building Automation And Control System Market Overview
15.2. Western Europe Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Building Automation And Control System Market

16.1. UK Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Building Automation And Control System Market

17.1. Germany Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Building Automation And Control System Market

18.1. France Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Building Automation And Control System Market

19.1. Italy Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Building Automation And Control System Market

20.1. Spain Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Building Automation And Control System Market

21.1. Eastern Europe Building Automation And Control System Market Overview
21.2. Eastern Europe Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Building Automation And Control System Market

22.1. Russia Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Building Automation And Control System Market

23.1. North America Building Automation And Control System Market Overview
23.2. North America Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Building Automation And Control System Market

24.1. USA Building Automation And Control System Market Overview
24.2. USA Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Building Automation And Control System Market

25.1. Canada Building Automation And Control System Market Overview
25.2. Canada Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Building Automation And Control System Market

26.1. South America Building Automation And Control System Market Overview
26.2. South America Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Building Automation And Control System Market

27.1. Brazil Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Building Automation And Control System Market

28.1. Middle East Building Automation And Control System Market Overview
28.2. Middle East Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Building Automation And Control System Market

29.1. Africa Building Automation And Control System Market Overview
29.2. Africa Building Automation And Control System Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Building Automation And Control System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Building Automation And Control System Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Building Automation And Control System Market Competitive Landscape And Company Profiles

30.1. Building Automation And Control System Market Competitive Landscape
30.2. Building Automation And Control System Market Company Profiles
- 30.2.1. Robert Bosch GmbH
  - 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. Hitachi Ltd.
  - 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. Siemens AG
  - 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. Cisco Systems Inc.
  - 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. Schneider Electric SE
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Building Automation And Control System Market Other Major And Innovative Companies

31.1. Honeywell International Inc.
31.2. ABB Ltd
31.3. Johnson Controls International plc
31.4. Trane Technologies plc
31.5. Emerson Electric Co.
31.6. Legrand SA
31.7. Rockwell Automation Inc.
31.8. Signify Holding B.V.
31.9. Hubbell Incorporated
31.10. Lennox International Inc.
31.11. Acuity Brands Inc.
31.12. Carrier Global Corporation
31.13. Crestron Electronics Inc.
31.14. Leviton Manufacturing Co. Inc.
31.15. Beckhoff Automation GmbH & Co. KG

32. Global Building Automation And Control System Market Competitive Benchmarking

33. Global Building Automation And Control System Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Building Automation And Control System Market

35. Building Automation And Control System Market Future Outlook and Potential Analysis

35.1 Building Automation And Control System Market In 2028 - Countries Offering Most New Opportunities
35.2 Building Automation And Control System Market In 2028 - Segments Offering Most New Opportunities
35.3 Building Automation And Control System Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer