The South-East Asia Building Automation System Market is expected to grow with a CAGR of 6.2% in the forecast period of 2023 to 2030. The years considered for study are as mentioned below.
The South-East Asia building automation system market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.
The major players operating in the South-East Asia building automation system market are introducing a wide range of products and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped the companies to maximize the sales with an enhanced product portfolio.
- In September 2022, Siemens announced the launch of a new product. The new product is a digital solution for the transition to sustainable infrastructure. This helps the company to increase its market presence.
Siemens is dominating the South-East Asia building automation system. Some of the manufacturers operating in the market are Carrier, Robert Bosch GmbH, Hubbell, ABB, Emersen Electric Co., Hitachi Ltd., Delta Electronics, Inc., Neckoff Automation, Rockewell Automation, Inc., Honeywell International Inc., Jhonson Controls, Siemens, Mitsubishi Electric Corporation, Azbil Vietnam Co., ltd., SYREFL HOLDINGS SDN BHD, Lutron Electronics Co., Inc, Huawei Technologies Co., ltd., among other domestic and players.
Siemens was founded in the year 1847 and is headquartered in Munich, Germany. The company mainly provides efficient technologies to industry, infrastructure, mobility and healthcare worldwide. Their product categories are Digital Business Platforms, Building technology, Drive Technology, Energy, Financing, Healthcare, Industrial Automation, Mobility, Services, Software, and Consumer Products. Their focused market product category is Smart Infrastructure.
- In November 2022, Siemens announced the partnership and Qualcomm Technologies, Inc. The company will work together to build automation by applying a 5G private network (PN). This helped the company to increase its market presence.
The company has a wide presence across Americas, Europe, Asia-Pacific, Middle East and Africa.
Mitsubishi Electric Corporation
Mitsubishi Electric Corporation was founded in the year 1921 and is headquartered in Tokyo, Japan. The company is engaged in the innovation, development, production and sales of electric and electronic equipment used in various sectors, including energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances. Their product categories are Air conditioning systems, Home products, Factory automation systems, Automotive equipment, Building systems, Energy systems, Semiconductors & devices, Visual information systems, Transportation systems, Information & communication systems, Space systems, and Public systems. Their subsidiaries are Mitsubishi Electric Building Solutions (Japan), Mitsubishi Electric Engineering (Japan), Nippon Injector Corporation (Japan), Mitsubishi Electric Credit Corporation (Japan), Mitsubishi Electric Information Systems Co., Ltd. (Japan), among others.
- In June 2022, Mitsubishi Electric Corporation announced that it would invest approximately 2.2 billion Indian rupees, or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India. This facility produces inverters and other factory automation (FA) control system products. This helps the company to increase its presence in South Asia and the South East Asia market.
The company has a wide presence across North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.
Johnson Controls was founded in the year 1885 and is headquartered in Wisconsin, U.S. The company is engaged in developing technologies and providing solutions for healthcare, schools, data centers, airports, stadiums, hotels, and manufacturing. Their product categories are HVAC Equipment, Building Automation and Controls, Security, Fire Detection, Fire Suppression, Digital Solutions, Industrial Refrigeration, Residential and Smart Home, Retail Solutions, Distributed Energy Storage, and Oil and Gas Products. Their market focused category is Building Automation and Controls. Their subsidiaries are SimplexGrinnell (U.S.), York International(U.S.), Silent-Aire Limited Partnership (Canada), Johnson Controls (India) Pvt. Ltd. and Tyco Integrated Security (U.S.), among others.
- In June 2022, Johnson Controls and Accenture collaborated to deliver and operate two new OpenBlue Innovation Centers. The centers will drive Johnson Controls' rollout of building control system products and services using technologies such as artificial intelligence (AI), digital twins, the internet of things (IoT), 5G and the cloud. This helps the company to bring more innovative products to the market and increases its offering.
The company has a wide presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa.