Building Automation System Market by Component (Hardware, Software), Offering (BAS Services, Building Energy Management Software, Facility Management Systems), Communication Technology, Application - Global Forecast 2024-2030

Building Automation System Market by Component (Hardware, Software), Offering (BAS Services, Building Energy Management Software, Facility Management Systems), Communication Technology, Application - Global Forecast 2024-2030

The Building Automation System Market size was estimated at USD 82.11 billion in 2023 and expected to reach USD 92.66 billion in 2024, at a CAGR 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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Building Automation System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Government initiatives to establishing energy-efficient and eco-friendly buildings standards
• Rising adoption of automated smart security systems in buildings
• Rapid penetration of IoT in building automation systems

Market Restraints

• High installation costs of building automation systems

Market Opportunities

• Development of wireless protocols and wireless sensor network technology for building automation systemsics
• Rise in government and stakeholder funding for developing smart cities

Market Challenges

• Presence of different complex communication protocols

Market Segmentation Analysis

• Component: Technology upgrades in building automation hardware & softwares
• Offering: Ongoing enhancements in facility management systems
• Communication Technology: Rising adoption of wireless technology
• Application: Diverse scope of applications in various end-users

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Building Automation System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Building Automation System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Samsung C&T and ABB Enter Agreement to Expand Smart Building Capabilities

ABB Smart Buildings and Samsung C&T Corporation Engineering & Construction Group entered into a global agreement to jointly deliver integrated building automation, reliable energy distribution, and energy management solutions in the context of the Building Automation System. The partnership aimed to integrate holistic building solutions, including the Homeniq smart home platform, the ABB-free@home system, and the ABB i-bus KNX, to provide property management through a unified tool. This integration allows customers to benefit from a streamlined user interface, enabling control of all Samsung C&T and ABB's smart home devices within a single interface. This collaboration is expected to lower connection charges by reducing power peaks and accelerate the return on investment for photovoltaic (PV) equipment. The primary focus of this partnership is to meet customer demands for integrated, easy-to-use, and flexible products and solutions.

Carrier Expands i-Vu Building Automation System with New Connected Device

Carrier launched its latest i-Vu Express building automation system, which comes pre-installed with v8.5 software and has the capability to receive automatic updates. This compact connected device offers a comprehensive 360-degree view of a building's entire operations and supports up to 750 i-Vu controllers. It utilizes a containerized Linux operating system, ensuring enhanced security and safety. The system conveniently pushes automatic software updates to subscribed i-Vu devices, eliminating the need for service calls and facilitating easy installation. With its user-friendly interface, facilities staff can efficiently manage HVAC equipment from any web-enabled device, resulting in reduced operating costs and improved comfort for occupants.

Siemens Launches Connect Box, a Smart IoT Solution to Manage Smaller Buildings

Siemens Smart Infrastructure launched the Connect Box, an open and user-friendly IoT solution designed for small to medium-sized buildings. As part of the Siemens Xcelerator portfolio, Connect Box provides customers with a cloud-based interface to monitor building performance and optimize energy efficiency by up to 30%. The Connect Box also offers alarm notifications for potential issues and graphical visuals of historical trends, providing users with easier insight into the building's performance.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Building Automation System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

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