Building automation systems market

Building Automation Systems Market, by System (Security & Surveillance, HVAC, Lighting Solutions, Building Energy Management, Others), by Application (Commercial, Residential, Government, Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Aug 2022
CMI1350
130 Pages
Excel & Pdf
Smart Technologies

Summary

A building automation system (BAS) is an intelligent system comprised of software and hardware, connecting heating, lighting security, venting and air conditioning system (HVAC), and other systems to communicate on a single platform. Building automation systems are interlinked, centralized networks that can monitor and control the environment in commercial, industrial, and institutional facilities. The primary aim is to create an intelligent and efficient building and reduce energy and maintenance cost of the facility. Generally, a building controlled by BAS is referred to as an intelligent building or smart building or a smart home. When combined with sensors and other automation technologies, BAS can eliminate the requirement for human interference or control over various systems.

Recent Developments:

On June 14, 2022, Advantech, a company that provides IIoT (Industrial Internet of Things (IoT) and automation technology launched DOME, a device-level cyber security solution for building networks. DOME is a SaaS (Software as a Service) platform that provides realtime cyber security protection to building networks.

Restraint:

Increasing demand for building automation system solutions, in order to reduce energy consumption is expected to drive growth of the global building automation systems market during the forecast period. According to the United Nations Environment Programme (UNEP), buildings such as residential, government, commercial, and others utilize around 40% of energy generated worldwide, while commercial and residential buildings utilize around 60% of the global electricity and uncontrolled building operations resulting unnecessary energy wastage of between 10% and 25%. In such cases, BAS help in reducing these numbers, which in turn, is expected to support the market growth. Furthermore, building automation systems offer improved monitoring and control over numerous applications, thereby providing cost saving and optimization of energy consumption. According to the U.S. Department of Energy report, Building Automation Systems (BAS) can aid in annual energy savings ranging between 2% and 26%, with a median saving of 15%. In terms of cost, BAS solutions can aid with a median saving of US$ 0.12 /sq. ft. annually.

Global Building Automation Systems Market- Impact of Coronavirus (Covid-19) Pandemic :

The covid-19 pandemic has immensely damaged the global economy. The effect of the pandemic on economic life of people was damaging. As global trade suffered due to lockdowns imposed to slow the spread of coronavirus, all businesses across the globe were shut down or operated with less manpower. Supply chain operations were disrupted and this led to a shortage of raw materials and components required for building automation projects. This hampered the growth of the global building automation systems market during the pandemic.

North America held a dominant position in the global building automation systems market in 2021

Statistics:

Building Automation Systems Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 78.92 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	12.5 %	2030 Value Projection:	US$ 225.12 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By System: Security & Surveillance, HVAC, Lighting Solutions, Building Energy Management, Others By Application: Commercial, Residential, Government, Others
Companies covered:	Johnson Controls, Inc., United Technologies Corporation, Cisco Systems Inc., Honeywell International Inc., Legrand SA, Siemens AG, Schneider Electric SE., Ingersoll-Rand plc., Bosch Security Systems, Philips Lighting Holding B.V., General Electric Company, Lennox International Inc., Rheem Manufacturing Company.
Growth Drivers:	Increasing demand for building automation system solutions, in order to reduce energy consumption Increasing security threat and growing demand for integrated security solutions
Restraints & Challenges:	High initial cost and complications involved in the implementation of building automation projects

North America held a dominant position in the global building automation systems market in 2021, accounting for 32.0% share in terms of market share, followed by Asia Pacific region.

Figure 1: Global Building Automation Systems Market Share (%), By Region, 2021

North America is expected to hold a dominant position over the forecast period owing to the preference given by the consumers in North America to the HVAC (heating, Ventilation and Cooling) systems. HVAC systems enable proper air circulation, controlled HVAC systems help in automatic control of temperatures of the room, and also help in saving energy. All these advantages are inclining consumers to have HVAC systems in their offices, homes, and factories in the North America region. All these advantages are responsible for positive growth of building automation systems market in North America.

Asia Pacific is expected to witness significant growth in the forecast period as countries such as China, India, Japan, and Indonesia in the Asia Pacific region are fast emerging economies. Corporate sector and manufacturing sector is growing rapidly and hence infrastructure such as corporate buildings, and manufacturing plants requirements is also increasing rapidly. Building automation systems such as HVAC (Heating, Ventilation and Cooling), security systems, and lighting solutions have become important for corporate and manufacturing infrastructure due to the advantages they provide such as proper air circulation, good security features, proper lighting solutions and energy saving option. All these factors are expected to drive the growth of the building automation systems market in the Asia Pacific region in the forecast period.

Building energy management segment is expected to drive the global building automation systems market growth during the forecast period.

Building energy management focus on providing a centralized platform that is used to manage the energy usage of a building. It helps in eliminating energy wastage and helps in providing efficient use of energy. The system uses sensors to control the temperatures, room occupancy, security, and lighting systems. This helps in saving electric bills and reduces the wastage of energy. Hence, building energy management has become an essential part of building automation which is expected to drive the growth of the global building automation systems market.

Figure 2: Global Building Automation Systems Market (US$ Mn) Analysis and Forecast, 2018 - 2030

Global building automation systems market was valued at US$ 78.92 Mn in 2021 and is expected to reach US$ 225.12 Mn by 2030, growing at a CAGR of 12.5% between 2022 and 2030.

Major players operating in the global building automation systems market include Johnson Controls, Inc., United Technologies Corporation, Cisco Systems Inc., Honeywell International Inc., Legrand SA, Siemens AG, Schneider Electric SE., Ingersoll-Rand plc., Bosch Security Systems, Philips Lighting Holding B.V., General Electric Company, Lennox International Inc., Rheem Manufacturing Company.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Building Automation Systems Market - forecast to 2030”.

Segmentation

Detailed Segmentation

Global Building Automation Systems Market, By System:
- Security & Surveillance
- HVAC
- Lighting Solutions
- Building Energy Management
- Others
Global Building Automation Systems Market, By Application:
- Commercial
- Residential
- Government
- Others
Global Building Automation Systems Market, By Region:
- North America
  - By System:
    - Security & Surveillance
    - HVAC
    - Lighting Solutions
    - Building Energy Management
    - Others
  - By Application
    - Commercial
    - Residential
    - Government
    - Others
  - By Country:
    - U.S.
    - Canada
- Europe
  - By System:
    - Security & Surveillance
    - HVAC
    - Lighting Solutions
    - Building Energy Management
    - Others
  - By Application
    - Commercial
    - Residential
    - Government
    - Others
  - By Country:
    - Germany
    - Italy
    - U.K.
    - France
    - Russia
    - Rest of Europe
- Asia Pacific
  - By System:
    - Security & Surveillance
    - HVAC
    - Lighting Solutions
    - Building Energy Management
    - Others
  - By Application
    - Commercial
    - Residential
    - Government
    - Others
  - By Country:
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Latin America
  - By System:
    - Security & Surveillance
    - HVAC
    - Lighting Solutions
    - Building Energy Management
    - Others
  - By Application
    - Commercial
    - Residential
    - Government
    - Others
  - By Country:
    - Brazil
    - Mexico
    - Argentina
    - Rest of Latin America
- Middle East and Africa
  - By System:
    - Security & Surveillance
    - HVAC
    - Lighting Solutions
    - Building Energy Management
    - Others
  - By Application
    - Commercial
    - Residential
    - Government
    - Others
  - By Country:
    - GCC Countries
    - South Africa
      - Rest of Middle East and Africa

- Frequently Asked Questions -

What is the expected market size of the global building automation systems market in 2030?

Global building automation systems is expected to reach US$ 225.12 Billion by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 12.5 % during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the market?

Rising demand for building energy management systems is expected to drive the growth of the global building automation systems.

Based on system, which segment held the largest market share in the market in 2021?

Among system, the HVAC (Heating, ventilation, and cooling) segment held the largest market share in 2021.

Which region held the largest market share in the market in 2021?

North America held the largest share in the market in 2021.

Who are the key players operating in the market?

Key players operating in the market include Johnson Controls, Inc., United Technologies Corporation, Cisco Systems Inc., Honeywell International Inc., Legrand SA, Siemens AG, Schneider Electric SE., Ingersoll-Rand plc., Bosch Security Systems, Philips Lighting Holding B.V., General Electric Company, Lennox International Inc., Rheem Manufacturing Company.