Europe Building Automation System Market, By 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), Country (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Europe Building Automation System Market
Europe building automation system market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 9.7% in the forecast period of 2022 to 2029 and is expected to reach USD 58,454,244.94 thousand by 2029. The rising adoption of automated security systems in commercial buildings is expected to drive the market.
The building automation system is the system and application/software used to maintain automation in the building and provide security to the authorized users. It is mostly implemented in large projects with extensive mechanical, HVAC, and electrical systems. It helps to reduce the power consumption in the building. It has disaster management tools and services and helps prevent accidents such as fire accidents. It is distributed control system used to manage electronic devices designed to monitor and control the systems in a building.
The growing popularity of IoT-based building automation systems is projected to drive the Europe building automation system market. The major restraint that may negatively impact the Europe building automation system market is the high maintenance cost of building automation systems.
Shifting consumers’ preference towards HVAC (heating, ventilation, and air conditioning) control systems is expected to provide an opportunity in the Europe building automation system market. However, the false notion about high installation costs of building automation systems is projected to challenge the Europe building automation system market growth.
This Europe building automation system market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Europe Building Automation System Market Scope and Market Size
Europe building automation system market is segmented into three notable segments based on system type, technology, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of system type, the Europe 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 2022, the facility management systems (FMS) segment is expected to dominate the Europe building automation system market as they provide better time management for the building owner, which increases its demand in the market.
- On the basis of technology, the Europe building automation system market is segmented into wireless technologies and wired technologies. In 2022, the wireless technologies segment is expected to dominate the Europe building automation system market as wireless communication provides instant help during emergencies which increases its demand in the market.
- On the basis of application, the Europe building automation system market is segmented into commercial, industrial, and residential. In 2022, the residential segment is expected to dominate the Europe building automation system market as it helps to save time and electrical energy, which increases its demand in the market.
Europe Building Automation System Market Country Level Analysis
Europe building automation system market is segmented into three notable segments based on system type, technology, and application.
Some of the countries covered in the Europe building automation system market report are Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe. Germany is expected to dominate the Europe building automation system market as the demand for energy-efficient building systems has increased. France is expected to dominate the European market as these systems are very efficient and user-friendly.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Upsurge in Focus for Designing Energy-Efficient and Eco-Friendly Buildings
Energy conservation through energy efficiency in the building has acquired prime importance worldwide. The main aspects of energy efficiency in a building include energy passive building design before actual construction and low energy building materials during construction. The main focus of green building construction is the integration of renewable energy technologies and the use of efficient equipment with low operational energy requirements.
Energy consumption in buildings and infrastructure increases exponentially, suggesting the need to develop alternatives to save energy and sustainably operate buildings. Energy efficiency can be achieved with insulation, improved building techniques, and modified construction methods for buildings, raising the demand for sustainable automation systems.
Furthermore, the growing awareness of the consumers regarding the energy-efficient building design during any new construction is effective in making a home more efficient. It is also less expensive for a homeowner in the long run. As a result, it increases the demand for building automation systems and thus contributing to the growth of the Europe building automation system market.
Competitive Landscape and Europe Building Automation System Market Share Analysis
The Europe building automation system market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe building automation system market.
Some of the major players covered in the Europe building automation systems market report are Johnson Controls, Siemens, Emerson Electric Co., General Electric, Securitas AB, ABB, ACUITY BRANDS LIGHTING, INC., Beckhoff Automation, Chubb Fire & Security, Convergint Technologies LLC, Crestron Electronics, Honeywell International Inc., Ingersoll Rand, Legrand, Lutron Electronics Co., Inc, Mitsubishi Electric Corporation, PHOENIX CONTACT, Robert Bosch GmbH, Schneider Electric, Vipond Inc., EnOcean GmbH, Infineon Technologies AG, Intel Corporation, Microchip Technology Inc., Qualcomm Technologies, Inc., Snap One, LLC, Stanley Black & Decker, Inc., Hitachi, Ltd., Hubbell, G4S Limited, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In January 2022, Honeywell International Inc. participated in Intersec 2022 in Dubai with an array of Building Technologies, including Fire & Safety, Healthy Buildings, and Cybersecurity. This has helped the company to attract important Europe experts and influencers
- In October 2021, Robert Bosch GmbH, Escrypt, Kapsch, Nokia, and Deutsche Telekom collaborated as partners in the publicly funded CONCORDA project in a consortium headed by Ertico. This technology poses continuous, secure data transmission by supporting assistance systems in safety-critical driving situations. This has helped the company to expand their business
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