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The Building Automation System Market size was estimated at USD 82.11 billion in 2023, USD 92.66 billion in 2024, and is expected to grow at a CAGR of 13.28% to reach USD 196.67 billion by 2030.The building automation system market encompasses the sale, distribution, implementation, and management of systems designed to automate, control, and monitor a building's electrical and mechanical functions. The primary objective of building automation systems is to enhance operational efficiency, facilitate optimal resource utilization, and implement efficient energy management, ultimately ensuring significant cost savings. The rising focus for establishing energy-efficient and eco-friendly buildings is increasing the adoption of building automation systems. The surge in adoption of automated security systems in buildings & rapid penetration of IoT in building automation systems is also contributing to the market growth worldwide. However, high installation costs of building automation systems and presence of different communication protocols may limit the adoption of building automation systems in upcoming years. Moreover, the advancements in building technologies and automation with data analytics are generating opportunities for market growth. The rise in government and stakeholder funding for developing smart cities are expected to increase adoption of building automation systems. The development of wireless protocols and wireless sensor network technology for building automation systems is also expected to create growth potential in the market. Speak directly to the analyst to clarify any post sales queries you may have.
Regional Insights
In the Americas region, the demand for building automation systems has risen substantially in major countries including the United States, Canada, Brazil and Mexico. The Americas region shows significant growth potential due to the strong presence of key players, committed to developing technologically advanced building automation systems. In European countries, strict guidelines towards climate control and energy conservation have motivated the rapid uptake of building automation systems. In major countries such as Germany, France, and the UK, the private sector have introduced initiatives focused on retrofitting existing buildings with modern technology for improved energy efficiency and waste reduction. High temperatures and climate conditions have made effective energy regulation a key concern in Middle-East countries thereby influencing purchasing behavior in the region. Accelerating urban growth and the increasing middle-class population are driving customer needs and purchasing behavior of building automation systems in the APAC region. Countries such as China, India, and Japan are driven by rapid urbanization and increasing environmental concerns, showing positive trends in implementing green, cost-effective technologies.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Building Automation System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Building Automation System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Building Automation System Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Bajaj Electricals Limited, Bosch Sicherheitssysteme GmbH, Building LogiX, Carel Industries S.p.A., Carrier Global Corporation, Cisco Systems, Inc., Crestron Electronics, Inc., Delta Electronics, Inc., Emerson Electric Co., Fuji Electric Co., Ltd., General Electric Company, Google LLC by Alphabet Inc., Hitachi Ltd., Honeywell International Inc., Huawei Technologies Corporation, Hubbell Inc., Ingersoll Rand, Johnson Controls International PLC, KMC Controls, Inc., Koninklijke Philips N.V., Larsen & Toubro Limited, Lutron Electronics Co. Ltd, Mitsubishi Electric Corporation, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, and Trane Technologies PLC.Market Segmentation & Coverage
This research report categorizes the Building Automation System Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Hardware
- Software
- Offering
- BAS Services
- Building Energy Management Software
- Facility Management Systems
- Fire Protection Systems
- Security & Access Controls
- Communication Technology
- Wired Technology
- Wireless Technology
- Application
- Airports & Railway Stations
- Commercial & Office Buildings
- Hospitals & Healthcare Facilities
- Industrial Facilities
- Residential Buildings
- Retail & Public Assembly Buildings
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Building Automation System Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Building Automation System Market?
- What are the technology trends and regulatory frameworks in the Building Automation System Market?
- What is the market share of the leading vendors in the Building Automation System Market?
- Which modes and strategic moves are suitable for entering the Building Automation System Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Building Automation System Market, by Component
7. Building Automation System Market, by Offering
8. Building Automation System Market, by Communication Technology
9. Building Automation System Market, by Application
10. Americas Building Automation System Market
11. Asia-Pacific Building Automation System Market
12. Europe, Middle East & Africa Building Automation System Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- Bajaj Electricals Limited
- Bosch Sicherheitssysteme GmbH
- Building LogiX
- Carel Industries S.p.A.
- Carrier Global Corporation
- Cisco Systems, Inc.
- Crestron Electronics, Inc.
- Delta Electronics, Inc.
- Emerson Electric Co.
- Fuji Electric Co., Ltd.
- General Electric Company
- Google LLC by Alphabet Inc.
- Hitachi Ltd.
- Honeywell International Inc.
- Huawei Technologies Corporation
- Hubbell Inc.
- Ingersoll Rand
- Johnson Controls International PLC
- KMC Controls, Inc.
- Koninklijke Philips N.V.
- Larsen & Toubro Limited
- Lutron Electronics Co. Ltd
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Schneider Electric SE
- Siemens AG
- Trane Technologies PLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 192 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 92.66 Billion |
| Forecasted Market Value ( USD | $ 196.67 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
