This report describes and explains the building automation and control system market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global building automation and control system market reached a value of nearly $96.35 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.41% since 2019. The market is expected to grow from $96.35 billion in 2024 to $165.03 billion in 2029 at a rate of 11.36%. The market is then expected to grow at a CAGR of 10.73% from 2029 and reach $274.72 billion in 2034.
Growth in the historic period resulted from the rise in disposable income, increasing energy cost and consumption, increase in demand for green buildings, rising number of commercial infrastructure and surge in retrofitting of existing buildings and aging infrastructure. Factors that negatively affected growth in the historic period was cybersecurity risks.
Going forward, increasing urbanization, expansion of smart city initiatives, growing investments in energy efficiency, increasing investments in premium residential complexes, rising awareness about indoor air quality and growing supportive government policies will drive the growth. Factor that could hinder the growth of the automation and control system market in the future include supply chain disruptions.
The global building automation and control system markets are fairly fragmented, with a large number of players operating in the market. The top 3 competitors in the market made up 21.13% of the total market in 2023. Johnson Controls International PLC was the largest competitor with a 6.98% share of the market, followed by Honeywell International Inc. with 2.77%, Siemens AG with 2.67%, ABB Ltd. with 2.34%, Robert Bosch GmbH with 2.29%, Delta Controls Corp. with 1.19%, Schneider Electric SE with 0.86%, Legrand S.A. with 0.74%, General Electric Company (GE) with 0.69% and Mitsubishi Electric Corporation with 0.61%.
North America was the largest region in the building automation and control system market, accounting for 37.86% or $36.48 billion of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the building automation and control system market will be Asia Pacific and North America where growth will be at CAGRs of 11.97% and 11.44% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 11.31% and 10.97% respectively.
The building automation and control system market is segmented by offering into solution and services. The solution market was the largest segment of the building automation and control system market segmented by offering, accounting for 75.56% or $72.81 billion of the total in 2024. Going forward, the services segment is expected to be the fastest growing segment in the building automation and control system market segmented by offering, at a CAGR of 13.43% during 2024-2029.
The building automation and control system market is segmented by technology into wired and wireless. The wired market was the largest segment of the building automation and control system market segmented by technology, accounting for 62.95% or $60.66 billion of the total in 2024. Going forward, the wireless segment is expected to be the fastest growing segment in the building automation and control system market segmented by technology, at a CAGR of 13.81% during 2024-2029.
The building automation and control system market is segmented by end-user into residential, commercial and industrial. The commercial market was the largest segment of the building automation and control system market segmented by end-user, accounting for 58.16% or $56.03 billion of the total in 2024. Going forward, the residential segment is expected to be the fastest growing segment in the building automation and control system market segmented by end-user, at a CAGR of 11.82% during 2024-2029.
The top opportunities in the building automation and control system markets segmented by offering will arise in the solution segment, which will gain $48.0 billion of global annual sales by 2029. The top opportunities in the building automation and control system markets segmented by technology will arise in the wired segment, which will gain $36.2 billion of global annual sales by 2029. The top opportunities in the building automation and control system markets segmented by end user will arise in the commercial segment, which will gain $39.52 billion of global annual sales by 2029. The building automation and control system market size will gain the most in the USA at $23.26 billion.
Market-trend-based strategies for the building automation and control system market include advancements in smart home technology for enhanced convenience, strategic partnerships in smart building evolution, advancing manufacturing efficiency with digital factory solutions, next-generation centralized systems for optimal indoor air quality, next-gen control platform for optimized building operations, innovations in building automation and control systems for smart infrastructure and advancements in building automation by enhancing energy efficiency and sustainability.
Player-adopted strategies in the building automation and control system market include focus on strengthening its operational capabilities through the launch of new products and strategic partnerships to expand their business expertise and enhancing its operational capabilities.
To take advantage of the opportunities, the analyst recommends the building automation and control system companies to focus on smart home automation, focus on digital factory solutions, focus on centralized building and ventilation control systems, focus on innovative building management technologies, focus on integrated IoT solutions, focus on advanced building management systems, focus on services segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, continue to use B2B promotions, continue to use B2C promotions, focus on wireless segment and focus on residential segment.
The global building automation and control system market reached a value of nearly $96.35 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.41% since 2019. The market is expected to grow from $96.35 billion in 2024 to $165.03 billion in 2029 at a rate of 11.36%. The market is then expected to grow at a CAGR of 10.73% from 2029 and reach $274.72 billion in 2034.
Growth in the historic period resulted from the rise in disposable income, increasing energy cost and consumption, increase in demand for green buildings, rising number of commercial infrastructure and surge in retrofitting of existing buildings and aging infrastructure. Factors that negatively affected growth in the historic period was cybersecurity risks.
Going forward, increasing urbanization, expansion of smart city initiatives, growing investments in energy efficiency, increasing investments in premium residential complexes, rising awareness about indoor air quality and growing supportive government policies will drive the growth. Factor that could hinder the growth of the automation and control system market in the future include supply chain disruptions.
The global building automation and control system markets are fairly fragmented, with a large number of players operating in the market. The top 3 competitors in the market made up 21.13% of the total market in 2023. Johnson Controls International PLC was the largest competitor with a 6.98% share of the market, followed by Honeywell International Inc. with 2.77%, Siemens AG with 2.67%, ABB Ltd. with 2.34%, Robert Bosch GmbH with 2.29%, Delta Controls Corp. with 1.19%, Schneider Electric SE with 0.86%, Legrand S.A. with 0.74%, General Electric Company (GE) with 0.69% and Mitsubishi Electric Corporation with 0.61%.
North America was the largest region in the building automation and control system market, accounting for 37.86% or $36.48 billion of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the building automation and control system market will be Asia Pacific and North America where growth will be at CAGRs of 11.97% and 11.44% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 11.31% and 10.97% respectively.
The building automation and control system market is segmented by offering into solution and services. The solution market was the largest segment of the building automation and control system market segmented by offering, accounting for 75.56% or $72.81 billion of the total in 2024. Going forward, the services segment is expected to be the fastest growing segment in the building automation and control system market segmented by offering, at a CAGR of 13.43% during 2024-2029.
The building automation and control system market is segmented by technology into wired and wireless. The wired market was the largest segment of the building automation and control system market segmented by technology, accounting for 62.95% or $60.66 billion of the total in 2024. Going forward, the wireless segment is expected to be the fastest growing segment in the building automation and control system market segmented by technology, at a CAGR of 13.81% during 2024-2029.
The building automation and control system market is segmented by end-user into residential, commercial and industrial. The commercial market was the largest segment of the building automation and control system market segmented by end-user, accounting for 58.16% or $56.03 billion of the total in 2024. Going forward, the residential segment is expected to be the fastest growing segment in the building automation and control system market segmented by end-user, at a CAGR of 11.82% during 2024-2029.
The top opportunities in the building automation and control system markets segmented by offering will arise in the solution segment, which will gain $48.0 billion of global annual sales by 2029. The top opportunities in the building automation and control system markets segmented by technology will arise in the wired segment, which will gain $36.2 billion of global annual sales by 2029. The top opportunities in the building automation and control system markets segmented by end user will arise in the commercial segment, which will gain $39.52 billion of global annual sales by 2029. The building automation and control system market size will gain the most in the USA at $23.26 billion.
Market-trend-based strategies for the building automation and control system market include advancements in smart home technology for enhanced convenience, strategic partnerships in smart building evolution, advancing manufacturing efficiency with digital factory solutions, next-generation centralized systems for optimal indoor air quality, next-gen control platform for optimized building operations, innovations in building automation and control systems for smart infrastructure and advancements in building automation by enhancing energy efficiency and sustainability.
Player-adopted strategies in the building automation and control system market include focus on strengthening its operational capabilities through the launch of new products and strategic partnerships to expand their business expertise and enhancing its operational capabilities.
To take advantage of the opportunities, the analyst recommends the building automation and control system companies to focus on smart home automation, focus on digital factory solutions, focus on centralized building and ventilation control systems, focus on innovative building management technologies, focus on integrated IoT solutions, focus on advanced building management systems, focus on services segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships, provide competitively priced offerings, continue to use B2B promotions, continue to use B2C promotions, focus on wireless segment and focus on residential segment.
Major Market Trends
- Advancements in Smart Home Technology for Enhanced Convenience
- the Role of Strategic Partnerships in Smart Building Evolution
- Advancing Manufacturing Efficiency With Digital Factory Solutions
- Next-Generation Centralized Systems for Optimal Indoor Air Quality
- Next-Gen Control Platform for Optimized Building Operations
- Innovations in Building Automation and Control Systems for Smart Infrastructure
- Advancements in Building Automation by Enhancing Energy Efficiency and Sustainability
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Building Automation and Control System Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Building Automation and Control System Market Segmentation
11 Building Automation and Control System Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Building Automation and Control System Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Building Automation and Control System Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global building automation and control system market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for building automation and control system? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The building automation and control system market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider building automation and control system market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by offerings, by technology and by end user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the building automation and control system market.
- Global Market Size and Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast.
- Regional and Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by offerings, by technology and by end user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities and Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations This section includes recommendations for building automation and control system providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Offering: Solution; Services2) by Technology: Wired; Wireless
3) by End User: Residential; Commercial; Industrial
Key Companies Profiled: Johnson Controls International PLC.; Honeywell International Inc.; Siemens AG; ABB Ltd.; Robert Bosch GmbH
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa.
Time Series: Five years historic and ten years forecast..
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; building automation and control system indicators comparison..
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Building Automation and Control System market report include:- Johnson Controls International PLC.
- Honeywell International Inc.
- Siemens AG
- ABB Ltd.
- Robert Bosch GmbH
- Delta Controls Corp.
- Schneider Electric SE
- Legrand S.A.
- General Electric Company (GE)
- Mitsubishi Electric Corporation
- Mahindra Group
- Emerson Electric Co.
- General Electric (GE)
- Securitas AB
- Beckhoff Automation
- Kieback&Peter GmbH & Co. KG
- Priva Holding BV
- Trane Technologies PLC
- Belimo Holding AG
- Sauter AG
- i3 Engineering
- SMC Industrial Automation CZ s.r.o.
- Domat Control System s.r.o.
- Fideltronik
- Syswin Solutions
- Minvalco
- RENEW Energy Partners LLC
- BC Solutions, LLC (Building Controls & Solutions)
- Buildings IOT, Inc.
- Carrier Global Corporation
- RENEW Energy Partners, LLC
- Automated Logic Corporation
- Distech Controls
- Tridium
- Rockwell Automation Inc.
- Contel Automation & Control Ltd.
- Unitronics
- Al Salem Johnson Controls (YORK)
- Zamil Industrial Investment Co.
- Vera Control
- Arma Kontrol
- Emrill Services LLC
- Farnek Services LLC.
- Bosch Rexroth Africa
- 4Sight OT Automation
- Seamless Automation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 291 |
| Published | May 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 96.35 Billion |
| Forecasted Market Value ( USD | $ 274.72 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 47 |
