Building Automation System Market
Building Automation System Market Forecasts to 2030 - Global Analysis By Component (Hardware, Software and Services), Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Building Automation System Market is accounted for $88.9 billion in 2024 and is expected to reach $155.9 billion by 2030 growing at a CAGR of 9.8% during the forecast period. A Building Automation System (BAS) is a centralized control system that monitors and manages a building's mechanical, electrical, and plumbing (MEP) systems, including HVAC, lighting, security, and fire safety. By integrating these systems, a BAS enhances operational efficiency, reduces energy consumption, and improves occupant comfort. It uses sensors, controllers, and software to automate processes, ensuring optimal performance and quick responses to anomalies. BAS is essential for modern buildings, offering remote access and data analytics to facilitate maintenance and decision-making, ultimately contributing to sustainable and smart building management.
According to Cisco's Annual Internet Report, by the next year, nearly 30 billion network-connected devices and connections are expected to exist, increasing from 18.4 billion in 2018.
Market Dynamics:
Driver:
Rising demand for smart buildings and IoT integration
The concept of smart buildings with integrated technologies for improved efficiency and functionality is gaining traction. BAS play a central role in creating these smart environments by automating and optimizing various systems. The Internet of Things (IoT) is enabling the seamless connection of devices within a building, allowing for real-time data collection and automated control. BAS leverage IoT to integrate these devices and provide centralized management.
Restraint:
Complexity of implementation and interoperability challenges
BAS involve integrating various components like sensors, controllers, and software from potentially different manufacturers. This integration process can be complex and require customization based on specific building requirements, leading to longer installation times and higher costs. Moreover the lack of standardized communication protocols across different BAS components can create compatibility issues and hinder seamless system operation. This becomes particularly challenging when integrating new technologies with existing BAS infrastructure during upgrades.
Opportunity:
Increasing focus on energy efficiency and sustainability
Buildings are major energy consumers, and BAS offer a powerful tool for reducing energy consumption. By automating HVAC, lighting, and other systems, BAS can significantly lower energy bills and contribute to sustainability goals. Further growing environmental concerns and stricter energy regulations are pushing building owners and operators towards adopting BAS for efficient energy management.
Threat:
Limited awareness and long-term ROI perception
Many potential customers, particularly in the residential sector, may not be fully aware of BAS functionalities and the benefits they offer. This lack of awareness hinders market growth as they might not consider BAS when making building management decisions. Additionally limited knowledge can lead to misconceptions about BAS. Some might perceive them as solely for large commercial buildings, neglecting their potential value in homes and smaller facilities hampers the market growth.
Covid-19 Impact
The Covid-19 pandemic significantly impacted the Building Automation System (BAS) market, accelerating its growth due to increased demand for health and safety measures in buildings. The need for better air quality, contactless operations, and remote monitoring drove the adoption of advanced BAS technologies. Enhanced ventilation, occupancy monitoring, and touchless controls became critical for maintaining safe environments. The market saw a shift towards smart, adaptable systems that support remote work and ensure compliance with health guidelines.
The wired technology segment is expected to be the largest during the forecast period
The wired technology is expected to be the largest during the forecast period because providing reliable and secure communication for integrated systems. Its robustness ensures consistent data transmission, crucial for critical building functions like HVAC, lighting, and security. However, wired technology can be costly and inflexible, posing challenges in retrofitting older buildings or expanding existing systems. While it offers stability and security advantages, the rise of wireless and IoT technologies is gradually shifting the market towards more flexible, cost-effective, and scalable solutions, reducing the dominance of wired technology but still maintaining its relevance for certain high-stakes applications.
The fire protection systems segment is expected to have the highest CAGR during the forecast period
The fire protection systems segment is expected to have the highest CAGR during the forecast period as modern BAS increasingly incorporate fire detection, alarm, and suppression systems to ensure comprehensive building safety. The integration of fire protection within BAS enhances response times, streamlines maintenance, and provides centralized control, improving overall safety and compliance with regulations. This convergence promotes the adoption of advanced BAS technologies, fostering market growth. As buildings prioritize safety and smart management, the demand for cohesive systems that seamlessly integrate fire protection with other building functions is rising, bolstering the BAS market expansion.
Region with largest share:
Europe is projected to hold the largest market share during the forecast period due to the rise in security concerns is also driving firms to provide new security products for buildings through product innovations and acquisitions. For instance, in October 2022, ASSA ABLOY acquired Bird Home Automation GmbH, a German manufacturer of high-quality IP door intercoms for single and multi-family buildings. This acquisition accelerates the company's growth in the residential segment further the region’s growth.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to rapid urbanization and increasing infrastructure development across the region. The region dominated the demand for building automation due to increasingly stringent regulations and government policies on building energy efficiency. There has been a growing demand for facility management in public infrastructures and buildings, further bolstering the growth of automated solutions.
Key players in the market
Some of the key players in Building Automation System market include ABB Ltd, Bosch Security Systems Inc., Carrier, Cisco Systems Inc., Delta Electronics, Inc., Emerson Electric Co., Hitachi Ltd, Honeywell International Inc., Huawei Technologies Corporation, Hubbell Inc, IBM Corporation, Johnson Controls International plc, Legrand SA, Lutron Electronics Co. Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Trane Technologies and United Technologies Corporation
Key Developments:
In June 2024, ABB launches next-generation Robotics control platform OmniCore. Platform increases business productivity and flexibility through faster, more precise and more autonomous automation
In June 2024, ABB expands electrification portfolio with acquisition of Siemens’ Wiring Accessories business in China. The offering ABB is acquiring includes wiring accessories, smart home systems, smart door locks and further peripheral home automation products, which will continue with the Siemens brand under terms of a licensing agreement.
In June 2024, Bosch Building Technologies conference systems enable clear communication for the press room at the new stadium of Tizi Ouzou. The recently completed new stadium in the city of Tizi Ouzou, Algeria, is a venue that has made this a priority right from the start
Component Types Covered:
• Hardware
• Software
• Services
Technologies Covered:
• Wired Technology
• Wireless Technology
Applications Covered:
• Lighting Control
• Heating, Ventilation, & Air Conditioning (HVAC) control
• Security & Access Control
• Fire Protection Systems
• Building Energy Management
• Other Applications
End Users Covered:
• Residential
• Commercial
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Building Automation System Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Controllers
5.2.2 Sensors
5.2.3 Actuators
5.2.4 Gateways
5.3 Software
5.3.1 Facility Management Software
5.3.2 Security & Access Control Software
5.3.3 Energy Management Software
5.4 Services
5.4.1 Maintenance & Support
5.4.2 Installation & Integration
5.4.3 Consulting Services
6 Global Building Automation System Market, By Technology
6.1 Introduction
6.2 Wired Technology
6.2.1 LonWorks
6.2.2 BACnet
6.2.3 Modbus
6.2.4 KNX
6.3 Wireless Technology
6.3.1 ZigBee
6.3.2 Z-Wave
6.3.3 Wi-Fi
6.3.4 Bluetooth
7 Global Building Automation System Market, By Application
7.1 Introduction
7.2 Lighting Control
7.3 Heating, Ventilation, & Air Conditioning (HVAC) control
7.4 Security & Access Control
7.5 Fire Protection Systems
7.6 Building Energy Management
7.7 Other Applications
8 Global Building Automation System Market, By End User
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Industrial
9 Global Building Automation System Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 ABB Ltd
11.2 Bosch Security Systems Inc.
11.3 Carrier
11.4 Cisco Systems Inc.
11.5 Delta Electronics, Inc.
11.6 Emerson Electric Co.
11.7 Hitachi Ltd
11.8 Honeywell International Inc.
11.9 Huawei Technologies Corporation
11.10 Hubbell Inc
11.11 IBM Corporation
11.12 Johnson Controls International plc
11.13 Legrand SA
11.14 Lutron Electronics Co. Ltd
11.15 Mitsubishi Electric Corporation
11.16 Schneider Electric SE
11.17 Siemens AG
11.18 Trane Technologies
11.19 United Technologies Corporation
List of Tables
1 Global Building Automation System Market Outlook, By Region (2022-2030) ($MN)
2 Global Building Automation System Market Outlook, By Component (2022-2030) ($MN)
3 Global Building Automation System Market Outlook, By Hardware (2022-2030) ($MN)
4 Global Building Automation System Market Outlook, By Controllers (2022-2030) ($MN)
5 Global Building Automation System Market Outlook, By Sensors (2022-2030) ($MN)
6 Global Building Automation System Market Outlook, By Actuators (2022-2030) ($MN)
7 Global Building Automation System Market Outlook, By Gateways (2022-2030) ($MN)
8 Global Building Automation System Market Outlook, By Software (2022-2030) ($MN)
9 Global Building Automation System Market Outlook, By Facility Management Software (2022-2030) ($MN)
10 Global Building Automation System Market Outlook, By Security & Access Control Software (2022-2030) ($MN)
11 Global Building Automation System Market Outlook, By Energy Management Software (2022-2030) ($MN)
12 Global Building Automation System Market Outlook, By Services (2022-2030) ($MN)
13 Global Building Automation System Market Outlook, By Maintenance & Support (2022-2030) ($MN)
14 Global Building Automation System Market Outlook, By Installation & Integration (2022-2030) ($MN)
15 Global Building Automation System Market Outlook, By Consulting Services (2022-2030) ($MN)
16 Global Building Automation System Market Outlook, By Technology (2022-2030) ($MN)
17 Global Building Automation System Market Outlook, By Wired Technology (2022-2030) ($MN)
18 Global Building Automation System Market Outlook, By LonWorks (2022-2030) ($MN)
19 Global Building Automation System Market Outlook, By BACnet (2022-2030) ($MN)
20 Global Building Automation System Market Outlook, By Modbus (2022-2030) ($MN)
21 Global Building Automation System Market Outlook, By KNX (2022-2030) ($MN)
22 Global Building Automation System Market Outlook, By Wireless Technology (2022-2030) ($MN)
23 Global Building Automation System Market Outlook, By ZigBee (2022-2030) ($MN)
24 Global Building Automation System Market Outlook, By Z-Wave (2022-2030) ($MN)
25 Global Building Automation System Market Outlook, By Wi-Fi (2022-2030) ($MN)
26 Global Building Automation System Market Outlook, By Bluetooth (2022-2030) ($MN)
27 Global Building Automation System Market Outlook, By Application (2022-2030) ($MN)
28 Global Building Automation System Market Outlook, By Lighting Control (2022-2030) ($MN)
29 Global Building Automation System Market Outlook, By Heating, Ventilation, & Air Conditioning (HVAC) control (2022-2030) ($MN)
30 Global Building Automation System Market Outlook, By Security & Access Control (2022-2030) ($MN)
31 Global Building Automation System Market Outlook, By Fire Protection Systems (2022-2030) ($MN)
32 Global Building Automation System Market Outlook, By Building Energy Management (2022-2030) ($MN)
33 Global Building Automation System Market Outlook, By Other Applications (2022-2030) ($MN)
34 Global Building Automation System Market Outlook, By End User (2022-2030) ($MN)
35 Global Building Automation System Market Outlook, By Residential (2022-2030) ($MN)
36 Global Building Automation System Market Outlook, By Commercial (2022-2030) ($MN)
37 Global Building Automation System Market Outlook, By Industrial (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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