Building Automation System Market Forecasts to 2028 – Global Analysis By Technology (Wireless Technology, Wired) Offering (Facility Management Systems, Security), Application (Industrial, Laboratory) and By Geography

Building Automation System Market Forecasts to 2028 – Global Analysis By Technology (Wireless Technology, Wired) Offering (Facility Management Systems, Security), Application (Industrial, Laboratory) and By Geography

According to Stratistics MRC, the Global Building Automation System Market is accounted for $64.70 billion in 2021 and is expected to reach $132.64 billion by 2028 growing at a CAGR of 10.8% during the forecast period. Building Automation System consists of a microprocessor system that is based on a connection of wired or wireless controllers to diverse systems in a building. The main aim of building an automation system is to improve building structural efficiency. It is designed to monitor and control various parameters such as mechanical, heating, ventilation, and air conditioning (HVAC), humidity, ventilation systems, security, fire, and lighting within a building or across several campuses.

Market Dynamics:

Driver:

Rise in adoption of automated security systems in buildings

Building automation systems help in automating the security of a building using video surveillance and biometric systems. A video surveillance system monitors and records the behavior and activities of people. Surveillance systems are deployed at airports, schools, office buildings, and so on. Several governments have made it mandatory to install these systems for the protection of public places and critical infrastructure owing to the growing focus on security issues due to increasing terrorist attacks and criminal activities.

Restraint:

False notion about high installation costs of building automation systems

Building automation systems help in saving energy and reducing operating and maintenance costs. However, end users and building owners hesitate to implement building automation systems due to their false perception that the installation costs of these systems are high. Similarly, they are unaware of the fact that the cost is primarily dependent on the complexity of integration pertaining to a specific application. End users demand affordable building automation systems but fail to realize the extent of the energy savings and the associated benefits of long-term cost savings.

Opportunity:

Favorable government initiatives and incentives

Several governments play a crucial role in energy savings and supporting initiatives toward reducing carbon emissions. Several governments have formulated regulations and policies to improve energy efficiency and reduce a building’s footprint. This is a significant factor encouraging the installation of BAS.

Threat:

Presence of different communication protocols

Communication protocols play a vital role in ensuring the proper integration of various devices and equipment for the smooth functioning of BAS. However, the lack of common open communication protocols may lead to the use of different protocols by these devices.

The industrial segment is expected to have the highest CAGR during the forecast period

The industrial segment is growing at the highest CAGR in the market. Industrial facilities include factories, production plants, distribution facilities, warehouses, and other infrastructures that support manufacturing and production operations. They are expected to adopt smart building solutions to achieve energy and cost savings, enhance their productivity, improve their identity and access management, and optimize their surveillance activities. Manufacturing and industrial buildings have their own set of requirements based on different manufacturing processes and storage applications.

The commercial segment is expected to be the largest during the forecast period

The commercial segment is expected to be the largest share in the market. The surging deployment of building automation systems in large shopping complexes, office buildings, and public transport hubs, such as airports and railway stations, drives the growth of the building automation system market for commercial applications. HVAC controls, lighting controls, and security and access controls are the key systems used in commercial applications. Of these, security and access controls have become an integral part of commercial buildings owing to the rising security concerns across the world.

Region with highest share:

North America is projected to hold the largest share in the market. The region accounted for a major share of the building automation system market. The rising requirement of energy management and the increasing demand for green homes has resulted in the growth of the building automation system market in North America. The market in North America has been studied for the US, Canada, and Mexico. Government organizations in countries of the region work together for efficient and clean production and use of energy.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR in the market. The growth of the building automation system market in APAC can be attributed to the economic growth in the region, along with a surge in construction and industrial activities witnessed by the key countries in APAC. The prime objective of consumers in APAC is to achieve energy savings with the implementation of building automation systems that directly translate to monetary savings. Countries such as China and India have increasingly started developing smart cities.

Key players in the market:

Some of the key players profiled in the Building Automation System Market include ABB Inc., Acuity Brands, AMAG Technology, Autani LLC, Azbil Corporation, Bosch, Cimetrics, Cisco, Control4, Delta Controls, Eaton Corporation, Echelon Corp., General Electric, Honeywell, Ingersoll Rand (Trane), Johnson Controls, and Siemens AG.

Key developments:

In August 2020: Siemens launched Desigo PXC4 for HVAC plants and Desigo PXC5 for the function and integration of HVAC systems. These new generation Desigo building automation controllers help automate small and medium-sized buildings to get the most flexible and scalable building automation.

In August 2020: Johnson Controls acquired the remaining stake in Qolsys Inc., a leading residential and building automation solution and smart home developer. This acquisition is expected to enhance the long-term growth opportunities for broad cloud-enabled IoT fire safety solutions of the company.

In June 2020: Honeywell partnered with SAP SE to improve the performance of buildings in terms of energy efficiency by integrating cloud-based business and operational technology data. This data provides corporate companies, real estate owners, and building operators with aggregate financial and operational intelligence for their portfolios.

In Nov 2019: Johnson Controls acquired Building and Energy Management System’s (BEMS) product line of the Malaysia-based EasyIO. This factor creates significant growth opportunities, as the company is expected to leverage EasyIO’s products and team in the Americas, European, Middle Eastern, an d Asia-Pacific building au tomati on systems markets, as well as the global HVAC, safety, and refrigeration markets.

Technologies Covered:
Wireless Technology
Wired Technology

Offerings Covered:
Facility Management Systems
Security and Access Controls
Fire Protection Systems
Building Energy Management Software
Building Automation System (BAS) Services
Environment Control and Lighting Management

Applications Covered:
Residential (Do It Yourself (DIY) Home Automation)
Commercial
Education/ Universities
Government
Industrial
Laboratory
Lodging
Restaurants
Transportation

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances