Building Automation System Market

Introduction of the Building Automation System Market Report

The building automation system refers to an intelligent system that includes software and hardware, lighting security, connecting heating, air conditioning system, and various other systems to communicate on a single platform. These systems are interlinked, centralized networks that can monitor and control the environment in industrial, commercial, and institutional facilities. The global building automation system market covers various offering, including facility management systems, security and access controls, fire protection systems, and various other systems.

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Market Dynamic

Key Drivers and Emerging Trends

One of the key drivers that is surging the growth of the global building automation system market size includes the growing need for energy-efficient facilities with improved security systems. There has been an increase in the adoption of automated security systems in buildings. The building automation systems help in automating the security solutions of a building through video surveillance and biometric systems. They are also used to monitor and record the behavior and activities of people. The increasing implementation of surveillance systems in various locations such as airports, schools, offices, and other public places is further contributing to the growth of the building automation system market share.

The growing need for energy management, along with the rising focus on overcoming utility costs, is further increasing the adoption of building automation systems. Energy consumption is projected to surge in the coming years. As per the US Energy Information Administration (EIA), global energy consumption is anticipated to increase by 50% between 2018-2050 and the Asian region will be the biggest consumer of energy.

Restraint in the Building Automation System Market

The false notion related to the high installation costs of building automation systems is hampering the individuals to opt for building automation systems. The building owners and end-users are unaware that the cost is dependent on the complexity of the integration as per the specific application.

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Offering – Segment Analysis

Based on the offering, the security and access controls segment is projected to grow at a higher CAGR during the forecast period. Security and access control play an important role in the safety and security of the building and its occupants. The increasing usage of these systems to improve the security level, monitor activities and movement of individuals, and to keep a record of people entering and leaving the building, is a key driver that is driving the market growth. Various businesses are using these systems to protect their assets, staff, and information and to monitor activities in buildings.

Application – Segment Analysis

Based on the application, the industrial segment is anticipated to grow at a higher CAGR during the forecast period. Various industrial facilities such as factories, production plants, warehouses, distribution facilities, and other infrastructure support manufacturing and production operations. These solutions achieve energy and cost-saving, improves their productivity, and enhances their identity and access management.

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Regional – Segment Analysis:

Based on the region, North America is expected to grow at a higher CAGR during the forecast period. This region has a high number of early adopters in the US and Canada. The government is focusing on opting for smart solutions owing to the energy-saving benefits provided by these solutions. The US Green Building Council runs the “LEED” program in collaboration with the Bank of America Charitable Foundation, thus offering support to the local government to opt for sustainable solutions. Moreover, the presence of various building automation systems players such as Siemens, and the evolution of new concepts and several technological contributions are further contributing to the regional market growth.

Top Market Players

Various notable players operating in the market include Honeywell International Inc., Siemens AG, Johnson Controls, Schneider Electric, Carrier, Bosch Limited, Legrand, ABB, Hubbell, and Trane Technologies plc, among others. 

Key Developments:

• • In 2020, Honeywell International Inc., entered in a partnership with SAP SE to enhance the performance of buildings in terms of energy efficiency by integrating the cloud-based operations and businesses. This data offers corporate companies, real estate owners, and other operators to aggregate the financial and operational intelligence.
  • In 2020, Siemens introduced Desigo PXC4 for HVAC plants and Desigo PXC5 for the function and integration of HVAC systems. These controllers help in automating the SMEs buildings to get the most flexible and scalable building automation.
  • In 2020, Johnson Controls acquired Qolysy Inc., one of the leading residential and building automation solution and smart home developer. Through this acquisition, the company aimed to improve the long-term growth opportunities.

Segments covered in the Report:

The global Building Automation System market has been segmented on the basis of Offering, Communication Technology, Application, and regions. Based on Offering, the market is segmented Facility Management Systems, Security and Access Control, Fire Protection Systems, Building Energy Management Software, Bas Services, and Others. Based on Communication Technology, the market is segmented into Wireless Technologies and Wired Technologies. Based on Application, the market is segmented into Residential Applications, Commercial Applications, and Industrial Applications. 

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Key questions answered in this research report:

• • At what pace is global Building Automation System market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Building Automation System market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Building Automation System market?
  • Which Offering generated maximum revenues in 2019 and identify the most promising Offering during the forecast period?
  • What are the various Communication Technology areas of global Building Automation System market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Communication Technology, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., Siemens AG, Johnson Controls, Schneider Electric, Carrier, Bosch Limited, Legrand, ABB, Hubbell, and Trane Technologies plc, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Building Automation System Market by Offering

• • Facility Management Systems
  • Security and Access Control
  • Fire Protection Systems
  • Building Energy Management Software
  • Bas Services
  • Others

Global Building Automation System Market by Communication Technology

• • Wireless Technologies
  • Wired Technologies

Global Building Automation System Market by Application

• • Residential Applications
  • Commercial Applications
  • Industrial Applications

Global Building Automation System Market by Region

• • North America Building Automation System Market (Option 1: As a part of the free 25% customization)
    • North America Building Automation System Market by Offering
    • North America Building Automation System Market by Communication Technology
    • North America Building Automation System Market by Application
    • US Building Automation System Market All-Up
    • Canada Building Automation System Market All-Up
  • Europe Building Automation System Market (Option 2: As a part of the free 25% customization)
    • Europe Building Automation System Market by Offering
    • Europe Building Automation System Market by Communication Technology
    • Europe Building Automation System Market by Application
    • UK Building Automation System Market All-Up
    • Germany Building Automation System Market All-Up
    • France Building Automation System Market All-Up
    • Spain Building Automation System Market All-Up
    • Rest of Europe Building Automation System Market All-Up
  • Asia-Pacific Building Automation System Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Building Automation System Market by Offering
    • Asia-Pacific Building Automation System Market by Communication Technology
    • Asia-Pacific Building Automation System Market by Application
    • China Building Automation System Market All-Up
    • India Building Automation System Market All-Up
    • Japan Building Automation System Market All-Up
    • Rest of APAC Building Automation System Market All-Up
  • RoW Building Automation System Market (Option 4: As a part of the free 25% customization)
    • RoW Building Automation System Market by Offering
    • RoW Building Automation System Market by Communication Technology
    • RoW Building Automation System Market by Application
    • Brazil Building Automation System Market All-Up
    • South Africa Building Automation System Market All-Up
    • Saudi Arabia Building Automation System Market All-Up
    • UAE Building Automation System Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Building Automation System Market All-Up

Major Players Operating in the Building Automation System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Siemens AG
  • Johnson Controls
  • Schneider Electric
  • Carrier
  • Bosch Limited
  • Legrand
  • ABB
  • Hubbell
  • Trane Technologies plc