Global Building Automation System Market, By Offering (Facility Management Systems, Security and Access Controls, and Fire Protection Systems, Building Energy Management Software, BAS Services, Others), Application (Residential, Commercial, Office Buildings, Retail and Public Assembly Buildings, Hospitals and Healthcare Facilities, Airports and Railway Stations, Industrial), Communication Technology (Wired Technology and Wireless Technology), Country (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 Middle East and Africa) Industry Trends and Forecast to 2028
The building automation system market is expected to witness market growth at a rate of 15.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on building automation system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The building automation and controls system utilizes the sensors, detectors, relays, and other smart components combined with the intelligent electronics, which give admission to the central computing system to operate. They are utilized in several industry verticals for example the industrial, enterprises, retail, hospitality, residential, and so forth.
Factors such as the increasing replacement of the building automation systems in large office buildings, shopping complexes, and public transport areas, such as the railway stations and airports, the upsurge in the focus for designing and founding energy-efficient and eco-friendly buildings armed with building automation systems along with the increase in the acceptance of the automated security systems in the buildings has helped the swift penetration of IoT in building automation systems. Coupled with the increasing demand for HVAC control, energy-efficient lighting control, and better-quality standard of living, the growth of the wireless protocols and wireless sensor network technology for the building automation systems and the swift infrastructure development in the developing markets are the factors is expected to boost the growth of the building automation system market.
However, the incorrect idea about the high installation prices of the building automation systems and the technical problems, as well as the increasing of security issues and the access control systems and lack of skilled specialists are the factors anticipated to most likely impede the growth of the building automation system market in the forecast period. Additionally, the increase in the government and stakeholder funding for emerging smart cities, the suitable government initiatives and incentives and the development in the building technologies and automation with the data analytics are to extend further profitable opportunities for the growth of the building automation system market in the coming years. Despite that, the occurrences of the different communication protocols might further challenge the growth of the building automation system market in the near future.
This building automation system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 building automation system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Building Automation System Market Scope and Market Size
The building automation system market is segmented on the basis of offering, application and communication technology. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the offering, the building automation system market is segmented into facility management systems, security and access controls, and fire protection systems, building energy management software, bas services, others.
- Based on the application, the building automation system market is segmented into residential, commercial, office buildings, retail and public assembly buildings, hospitals and healthcare facilities, airports and railway stations, industrial.
- Based on the communication technology, the building automation system market is segmented into wired technology and wireless technology.
Building Automation System Market Country Level Analysis
The building automation system market is analysed and market size, volume information is provided by country, offering, application and communication technology as referenced above.
The countries covered in the building automation system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the building automation system market because of the technological developments in the main countries which will further boost the demand in the region. Asia Pacific is expected to observe significant amount of the growth in the building automation system market because of the economic growth in the region. Furthermore, the growth in the construction and industrial activities observed by the important countries which in turn is anticipated to propel the growth of the building automation system market during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Building Automation System Market Share Analysis
The building automation system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to building automation system market.
The major players covered in the building automation system market report are Siemens, Schneider Electric, Johnson & Johnson Private Limited, Honeywell International Inc., ABB, Carel Industries S.p.A., Carrier., Crestron Electronics, Inc., Larsen & Toubro Limited., Raytheon Technologies Corporation, Robert Bosch GmbH, Legrand, Hubbell., Ingersoll Rand, Lutron Electronics Co., Inc, BuildingIQ, Google Nest, KMC Controls., General Electric Company, Mitsubishi Electric Corporation, Cisco Systems Inc., Koninklijke Philips N.V., Lennox International, Rheem Manufacturing Company., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Building Automation System Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.