The building automation system (BAS) market offers numerous benefits, including enhanced energy efficiency, improved occupant comfort, and streamlined facility management. BAS integrates various systems such as HVAC, lighting, security, and more, optimizing their performance and reducing energy consumption. Among the dominating segments, the software and services sector is prominent. Cloud-based solutions, data analytics, and remote monitoring are becoming increasingly vital for smart building management, making software and services a key driver in the growth and functionality of BAS.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-building-automation-system-market
Data Bridge Market Research analyses that the Global Building Automation System Market, which was USD 82,205 million in 2022, is expected to reach USD 178,700 million by 2030, and is expected to undergo a CAGR of 10% during the forecast period of 2023-2030. Urbanization drives the need for smart buildings in cities. These buildings use technologies such as building automation systems (BAS) to enhance efficiency, comfort, and sustainability, meeting the demands of growing urban populations for modern, connected, and eco-friendly living and working spaces.
Key Findings of the Study
Government regulations are expected to drive the market's growth rate
Stringent energy efficiency and environmental regulations, imposed by governments and industry standards, compel building owners and designers to incorporate building automation systems (BAS) into their projects. BAS ensures compliance by optimizing energy consumption, reducing emissions, and meeting sustainability targets. By monitoring and controlling building systems efficiently, such as HVAC and lighting, BAS helps structures adhere to these regulations, avoid penalties, and contribute to a more environmentally responsible and energy-efficient built environment.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
System Type (Facility Management Systems (FMS), Fire Protection Systems, Security and Access Control Systems, Energy Management Systems, Building Management Software (BMS), and Others), Technology (Wireless Technologies and Wired Technologies), Application (Commercial, Residential, and Industrial)
|
|
Countries Covered
|
U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Siemens AG (Germany), Honeywell International Inc. (U.S.), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), ABB Ltd. (Switzerland), United Technologies Corporation (U.S.), Mitsubishi Electric Corporation (Japan), Delta Controls Inc. (Canada), Eaton Corporation (Ireland), Rockwell Automation Inc. (U.S.), Legrand SA (France), Crestron Electronics Inc. (U.S.), Beckhoff Automation GmbH & Co. KG (Germany), Lutron Electronics Co. Inc. (U.S.), Ingersoll Rand Inc. (Ireland)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The global building automation system market is segmented on the basis of system type, technology, and application.
- On the basis of system type, the global building automation system market is segmented into facility management systems (FMS), fire protection systems, security and access control systems, energy management systems, building management software (BMS), and others. In 2023, facility management systems (FMS) are anticipated to lead the global building automation system market and grow at the highest CAGR of 10.0% in the forecast period of 2023 to 2030 due to their crucial role in optimizing building operations
In 2023, the facility management systems (FMS) of the system type segment are anticipated to dominate the global building automation system market
In 2023, facility management systems (FMS) are anticipated to lead the global building automation system market and grow at the highest CAGR of 10.0% in the forecast period of 2023 to 2030 due to their crucial role in optimizing building operations. FMS streamline facility maintenance, energy management, and occupant comfort, driving efficiency and cost savings, making them a pivotal component in modern building automation strategies.
- On the basis of technology, the global building automation system market is segmented into wireless technologies and wired technologies. In 2023, the wireless technologies segment is poised to dominate the global building automation system market and grow at the highest CAGR of 9.9% in the forecast period of 2023 to 2030. This dominance arises from the flexibility and scalability offered by wireless solutions, enabling seamless communication and control of various building systems.
In 2023, wireless technologies systems (FMS) technology segment is anticipated to dominate the global building automation system market
The wireless technologies segment is poised to dominate the global building automation system market in 2023 and grow at the highest CAGR of 9.9% in the forecast period of 2023 to 2030. This dominance arises from the flexibility and scalability offered by wireless solutions, enabling seamless communication and control of various building systems, such as HVAC and lighting, while reducing installation costs and disruptions, ultimately driving its widespread adoption.
- On the basis of application, the global building automation system market is segmented into commercial, residential, and industrial. The residential segment is forecasted to lead the global building automation system market in 2023 and grow at the highest CAGR of 10.0% in the forecast period of 2023 to 2030. This is driven by the growing demand for smart home solutions, which offer convenience, energy efficiency, and security to homeowners. The residential sector's increasing awareness and adoption of automation technologies are key factors contributing to its dominance.
Major Players
Data Bridge Market Research recognizes the following companies as the global building automation system market players in global building automation system market are Siemens AG (Germany), Honeywell International Inc. (U.S.), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), ABB Ltd. (Switzerland), United Technologies Corporation (U.S.), Mitsubishi Electric Corporation (Japan), Delta Controls Inc. (Canada), Eaton Corporation (Ireland), Rockwell Automation Inc. (U.S.), Legrand SA (France), Crestron Electronics Inc. (U.S.).
Market Developments
- In March 2023, Siemens unveiled the Connect Box, a smart IoT solution designed for the efficient management of small to medium-sized buildings. This offering, part of Siemens' Xcelerator portfolio, simplifies building performance optimization through seamless integration of wireless and wired devices. Utilizing a cloud-based interface, users can easily monitor and enhance building operations, including essential management tasks, alarm notifications, and historical trend analysis. The Connect Box achieves up to 30% improvement in energy efficiency and better indoor air quality. Its user-friendly online access and plug-and-play installation streamline system setup and operation. It supports various communication protocols and provides flexible licensing options for data management, whether in the cloud or on-premises.
- In January 2023, ABB unveiled the ABB Cylon Smart Building Management System during the Light Middle East and Intelligent Building Middle East 2023 event in Dubai. This system offers adaptable automation and energy management for buildings of various sizes, with the goal of making them carbon-neutral and reducing energy expenses through real-time monitoring and control. ABB provides a wide array of products and solutions to create more intelligent and efficient buildings, aligning with the mission to achieve carbon neutrality by 2030. The incorporation of Cylon Controls' portfolio into ABB's offerings strengthens its ability to provide effective and sustainable building management solutions.
Regional Analysis
Geographically, the countries covered in the global building automation system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global building automation system market during the forecast period 2023 - 2030
North America's dominance in the global building automation system market is attributed to significant investments by both corporations and government entities. This region leads in adopting advanced building automation technologies to improve energy efficiency, security, and occupant comfort. The commitment to sustainability and the promotion of smart buildings have further bolstered North America's position. These factors collectively contribute to its leadership in the global market for building automation systems.
Asia-Pacific is expected to dominate the global building automation system market in the forecast period 2023 - 2030
The Asia-Pacific (APAC) is expected to dominate the global building automation system market. As one of the most urbanized areas globally, this trend is set to persist. Urban expansion drives demand for energy-efficient and sustainable buildings. Building automation systems (BAS) are vital in enhancing energy efficiency, resulting in cost savings for both businesses and homeowners. This increasing focus on eco-friendly and smart buildings positions APAC as the fastest-growing market for building automation systems.
For more detailed information about the global building automation system market report, click here – https://www.databridgemarketresearch.com/reports/global-building-automation-system-market
