North America 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), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029.
Market Analysis and Insights : North America Building Automation System Market
North America building automation system market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 9.5% in the forecast period of 2022 to 2029 and is expected to reach USD 45,389,568.91 thousand by 2029. The rising adoption of automated security systems in commercial buildings is expected to drive the market.
The building automation system is the system and application/software used to maintain automation in the building and provide security to the authorized users. It is mostly implemented in large projects with extensive mechanical, HVAC, and electrical systems. It helps to reduce the power consumption in the building. It has disaster management tools and services and helps prevent accidents such as fire accidents. It is distributed control system used to manage electronic devices designed to monitor and control the systems in a building.
The growing popularity of IoT-based building automation systems is projected to drive the North America building automation system market. The major restraint that may negatively impact the North America building automation system market is the high maintenance cost of building automation systems.
Shifting consumers’ preference towards HVAC (heating, ventilation, and air conditioning) control systems is expected to provide an opportunity in the North America building automation system market. However, the false notion about high installation costs of building automation systems is projected to challenge the North America building automation system market growth.
This North America building automation system market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
North America Building Automation System Market Scope and Market Size
North America building automation system market is segmented into three notable segments based on system type, technology, and application. 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.
- On the basis of system type, the North America building automation system market is segmented into facility management systems (FMS), fire protection systems, security and access control systems, energy management systems, building management software (BMS), and others. In 2022, the facility management systems (FMS) segment is expected to dominate the North America building automation system market as it maintains to keep the building sustainable by providing automation solutions that increase its demand in the market.
- On the basis of technology, the North America building automation system market is segmented into wireless technologies and wired technologies. In 2022, the wireless technologies segment is expected to dominate the North America building automation system market as data transmission is faster in wireless technologies and thus raising its demand in the region.
- On the basis of application, the North America building automation system market is segmented into commercial, industrial, and residential. In 2022, the residential segment is expected to dominate the North America building automation system market as it keeps the building safe and sustainable, increasing its demand in the region.
North America Building Automation System Market Country Level Analysis
North America building automation system market is segmented into three notable segments based on the system type, technology and application.
The countries covered in the North America building automation system market report are the U.S., Canada, and Mexico. The U.S. is expected to dominate the North American market due to the increasing usage of building automation systems in the residential sector in the region. Canada is expected to dominate as consumers prefer high-tech and modern commercial and residential buildings.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Upsurge in Focus for Designing Energy-Efficient and Eco-Friendly Buildings
Energy conservation through energy efficiency in the building has acquired prime importance worldwide. The main aspects of energy efficiency in a building include energy passive building design before actual construction and low energy building materials during construction. The main focus of green building construction is the integration of renewable energy technologies and the use of efficient equipment with low operational energy requirements.
Energy consumption in buildings and infrastructure increases exponentially, suggesting the need to develop alternatives to save energy and sustainably operate buildings. Energy efficiency can be achieved with insulation, improved building techniques, and modified construction methods for buildings, raising the demand for sustainable automation systems.
Furthermore, the growing awareness of the consumers regarding the energy-efficient building design during any new construction is effective in making a home more efficient. It is also less expensive for a homeowner in the long run. As a result, it increases the demand for building automation systems and thus contributing to the growth of the North America building automation system market.
Competitive Landscape and North America Building Automation System Market Share Analysis
North America building automation system market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the North America building automation system market.
Some of the major players covered in the North America building automation systems market report are Vipond Inc., EnOcean GmbH, Intel Corporation, Microchip Technology Inc., Qualcomm Technologies, Inc., Creston Electronics, Tech Automation Inc., Stanley Black & Decker, Inc., Legrand, Siemens, General Electric, BuildingIQ, Honeywell International Inc., Robert Bosch GmbH, Johnson Controls, Securitas AB, Convergint Technologies LLC, Beckhoff Automation, Delta Controls, Ingersoll Rand, Chubb Fire & Security, Snap One, LLC, Schneider Electric, Hitachi, Ltd., Hubbell. G4S Limited, Lutron Electronics Co., Inc, PALADIN SECURITY, ACUITY BRANDS LIGHTING, INC., ADT, Emerson Electric Co., PHOENIX CONTACT, ABB, Mitsubishi Electric Corporation, BuildingLogiX, Viking Controls, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In January 2022, Johnson Controls acquired FogHorn, the leading developer of Edge AI software for industrial and commercial Internet of Things (IoT) solutions. This will help the company to expand its business and accelerate its innovation and vision for smart autonomous buildings
- In October 2021, Robert Bosch GmbH, Escrypt, Kapsch, Nokia, and Deutsche Telekom collaborated as partners in the publicly funded CONCORDA project in a consortium headed by Ertico. This technology poses continuous, secure data transmission by supporting assistance systems in safety-critical driving situations. This has helped the company to expand their business
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