Global Building Automation System Market, By System Type (Facility Management Systems (FMS), Fire Protection Systems, Security and Access Control Systems, Energy Management Systems, Building Management Software (BMS), and Others), Technology (Wireless Technologies and Wired Technologies), Application (Commercial, Residential, and Industrial) - Industry Trends and Forecast to 2030.
Building Automation System Market Analysis and Size
The global building automation system market is segmented on the basis of system type, technology, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Data Bridge Market Research analyses that the global building automation system market, which was USD 82,205 million in 2022, would rocket up to USD 178,700 million by 2030, and is expected to undergo a CAGR of 10% during the forecast period. “Facility Management Systems (FMS)” dominate the system type segment of the global building automation system market because facility management involves integrating and controlling multiple building systems, including HVAC, lighting, security, access control, and energy management. Building automation systems provide facility managers with a centralized platform to monitor, control, and optimize these systems, resulting in efficient building operations, improved occupant comfort, and cost savings. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Building Automation System Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By System Type (Facility Management Systems (FMS), Fire Protection Systems, Security and Access Control Systems, Energy Management Systems, Building Management Software (BMS), and Others), Technology (Wireless Technologies and Wired Technologies), Application (Commercial, Residential, and Industrial)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Siemens AG (Germany), Honeywell International Inc. (U.S.), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), ABB Ltd. (Switzerland), United Technologies Corporation (U.S.), Mitsubishi Electric Corporation (Japan), Delta Controls Inc. (Canada), Eaton Corporation (Ireland), Rockwell Automation Inc. (U.S.), Legrand SA (France), Crestron Electronics Inc. (U.S.), Beckhoff Automation GmbH & Co. KG (Germany), Lutron Electronics Co. Inc. (U.S.), Ingersoll Rand Inc. (Ireland)
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Market Opportunities
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Market Definition
The global building automation system market refers to the industry that encompasses the design, installation, and integration of automated systems and technologies within buildings to enhance their operational efficiency, occupant comfort, and energy management. Building automation systems enable centralized control and monitoring of various building systems, including HVAC, lighting, security, access control, and energy management, through the use of advanced sensors, actuators, and networking technologies. These systems aim to optimize building performance, reduce energy consumption, streamline facility management processes, and ensure compliance with regulations and standards. The market includes a wide range of players offering hardware, software, and services related to building automation solutions.
Global Building Automation System Market Dynamics
Drivers
- High-Cost Savings and Operational Efficiency
Building automation systems help optimize building operations, leading to cost savings and improved efficiency. Automated controls, predictive maintenance, and remote monitoring capabilities enable proactive maintenance, efficient resource allocation, and streamlined facility management, resulting in reduced operating expenses and increased productivity.
- Increasing Government Regulations and Incentives
Governments worldwide are implementing energy efficiency regulations and providing incentives to promote sustainable building practices. These regulations and incentives drive the adoption of building automation system systems as a means to meet energy efficiency targets and comply with environmental standards.
- Increasing Awareness and Adoption of Smart Home Technologies
The growing popularity of smart home technologies is influencing the demand for building automation systems in residential buildings. Homeowners are seeking automation solutions that offer convenience, energy savings, and improved security, thereby driving the adoption of building automation system systems.
Opportunities
- Increasing Demand for Energy Efficiency
The rising emphasis on energy conservation and sustainability is driving the adoption of building automation system systems. Building automation systems enables efficient management of energy-consuming systems such as HVAC and lighting, resulting in reduced energy consumption, lower operating costs, and compliance with energy regulations.
Restraints
- High Initial Costs
The upfront costs associated with implementing a building automation system can be substantial, including the purchase and installation of equipment, software, and integration. The high initial investment may deter some building owners or operators from adopting building automation system solutions, especially in cases where the return on investment is not immediately evident.
Challenges
- Complexity and Integration Challenges
Building automation systems involves integrating various systems, such as HVAC, lighting, security, and access control, into a cohesive and interconnected network. The complexity of integrating diverse systems and technologies can present challenges, including compatibility issues, interoperability concerns, and the need for specialized expertise, which may deter potential adopters.
This global building automation system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In March 2023, Siemens introduced Connect Box, a smart IoT solution for managing small to medium-sized buildings as part of their Xcelerator portfolio. Connect Box offers easy integration of wireless and wired devices, providing users with a cloud-based interface to monitor and optimize building performance. It enables essential building management tasks, alarm notifications, and historical trend analysis, resulting in improved energy efficiency by up to 30% and enhanced indoor air quality. With intuitive online access and plug-and-play installation, Connect Box simplifies system configuration and operation. It supports multiple communication protocols and offers licensing options for cloud or on-premise data management. By leveraging IoT technology, Connect Box contributes to achieving sustainable and climate-neutral building operations, meeting regulatory requirements, and delivering cost savings of up to 30% through enhanced building management features
- In January 2023, ABB launched its ABB Cylon Smart Building Management System at the Light Middle East and Intelligent Building Middle East 2023 event in Dubai. The system offers scalable automation and energy control for buildings of all sizes, aiming to make them carbon-neutral and reduce energy costs through real-time monitoring and control. With a comprehensive range of products and solutions, ABB aims to provide customers with smarter, more efficient buildings while contributing to the mission of achieving carbon neutrality by 2030. The integration of Cylon Controls' portfolio into ABB's offerings enhances its capabilities to deliver efficient and sustainable building management solutions.
Global Building Automation System Market Scope
The global building automation system market is segmented on the basis of system type, technology, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
System Type
- Facility Management Systems (FMS)
- Fire Protection Systems
- Security And Access Control Systems
- Energy Management Systems
- Building Management Software (BMS)
- Others
Technology
- Wireless Technologies
- Wired Technologies
Application
- Commercial
- Residential
- Industrial
Global Building Automation System Market Country Analysis/Insights
The global building automation system market is analyzed and market size insights and trends are provided by country, system type, technology, and application, as referenced above.
The regions covered in the global building automation system market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global building automation system market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, the U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
North America dominates the global building automation system market because increasing investment by the majority of companies and government bodies are the key factors responsible for the leading position of North America.
Asia-Pacific is the fastest-growing country in the global building automation system market due to the APAC region is one of the most urbanized regions in the world, and this trend is expected to continue in the coming years. As cities grow, the demand for energy-efficient and sustainable buildings will increase. BAS can help to improve the energy efficiency of buildings, which can save businesses and homeowners money on their energy bills.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The global building automation system market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global building automation system market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.
Competitive Landscape and Global Building Automation System Market Share Analysis
The global building automation system market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global building automation system market.
Some of the major players operating in the global building automation system market are:
- Siemens AG (Germany)
- Honeywell International Inc. (U.S.)
- Johnson Controls International plc (Ireland)
- Schneider Electric SE (France)
- ABB Ltd. (Switzerland)
- Delta Electronics, Inc. (Taiwan)
- Legrand SA (France)
- Mitsubishi Electric Corporation (Japan)
- Ingersoll Rand Inc. (Ireland)
- Crestron Electronics, Inc. (U.S.)
- Lutron Electronics Co., Inc. (U.S.)
- United Technologies Corporation (U.S.)
- Trane Technologies plc (Ireland)
- Siemens Building Technologies (Germany)
- Beckhoff Automation GmbH & Co. KG (Germany)
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