Building Automation System Market

Building Automation System Market by Offering ( Facility Management Systems, Security & Access Controls, Fire Protection Systems), Communication Technology (Wireless Technolgies, Wired Technologies), Application & Region-Global Forecast to 2028

Report Code: SE 2966 Nov, 2023, by marketsandmarkets.com

[278 Pages Report] The global building automation system market size is expected to reach USD 155.9 billion by 2028 from 88.4 billion in 2023, at a CAGR of 12.0% during the 2023- 2028 period.  Building automation systems, or BAS, are sophisticated computer network systems that serve to automate and oversee various building systems, including heating, ventilation, air-conditioning (HVAC), and lighting.

These systems are designed with the primary goal of enhancing the comfort, safety, security, and convenience of building occupants while simultaneously improving energy efficiency. One of the key functions of a BAS is to facilitate seamless communication between diverse systems, transcending differences in platforms, software, and languages.

The central role of a BAS encompasses maintaining the indoor climate in alignment with occupancy schedules, continuous monitoring of system performance, and the prompt detection of device malfunctions, with the capability to issue alerts. By implementing automation, these systems effectively reduce both energy consumption and maintenance expenses. It is noteworthy that nearly all multi-story green buildings are purposefully designed to incorporate a BAS, which plays a pivotal role in conserving energy, managing air quality, and optimizing water usage.

Moreover, green buildings tend to utilize an array of low-power DC devices, often integrated with power over Ethernet wiring. Even in the case of ultra-efficient designs aimed at achieving net-zero energy consumption, a BAS is typically indispensable for efficiently managing heat capture, shading, venting, and scheduling device operation.

Building Automation System Market

Building Automation System Market

Building Automation System Market Statistics Forecast to 2028

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Global Building Automation System Market Dynamics

Driver: Revolutionizing wireless protocols and wireless sensor network technology for building automation systems

The ongoing development of wireless protocols and standards presents a remarkable opportunity for established industry leaders and newcomers to leverage these technologies and innovate within the building automation system ecosystem. This trend has spurred the emergence of numerous startups, offering an impressive and inventive array of feature-rich products and services. Within this landscape, notable wireless protocols like Z-Wave, ZigBee, and EnOcean have gained prominence. ZigBee, for instance, has evolved into a flourishing ecosystem boasting over 400 companies, collectively engaged in setting standards and producing a wide spectrum of products for diverse smart home applications. Similarly, the Z-Wave protocol encompasses a vast assortment of over 1,000 compact devices, delivering an extensive range of home automation solutions to end-users.

Introducing LoRa as a relative newcomer to the wireless protocol family, it addresses the demand for low-power solutions across wide area networks (WAN) for IoT products. Devices enabled with LoRa technology typically offer an impressive coverage range of up to 10 miles and boast an impressive battery life of 10 years. However, it's worth noting that LoRa may not be suitable for applications necessitating high data rates. Leading corporations such as IBM Corporation, Cisco Systems, Semtech Corporation, and Multi-Tech Systems are among the key manufacturers of LoRa-enabled hardware, further exemplifying the industry's commitment to embracing innovative wireless solutions

Restraint: Technical challenges and a shortage of qualified professionals

Building automation systems play a pivotal role in diminishing the need for human involvement in overseeing and upholding various building systems, encompassing lighting, HVAC (Heating, Ventilation, and Air Conditioning), and security and safety systems. Nonetheless, the installation of these systems necessitates adherence to precise specifications and technical standards, which may range from internal organizational requirements to operational protocols and external factors like software comprehension, networking proficiency, system design, and comprehensive testing. The absence of familiarity with these specifications and standards can pose considerable challenges during system deployment.

Internal barriers to effective deployment encompass insufficient technological acumen, a deficit in training for operating complex software and equipment, and the imperative need for proficient experts to monitor and rectify control system malfunctions, thus ensuring the optimal functionality of building automation systems. Similarly, the vigilance of trained professionals is vital to oversee and enhance the system's infrastructure within the building. Technical complexities that arise during the installation and maintenance phases of building automation systems can considerably impede the expansion of the building automation system market. This challenge is particularly pronounced in technologically advancing nations such as India and Brazil, where the pool of skilled experts is relatively limited

Opportunity: Integration of building automation system with renewable energy

In the ever-evolving landscape of building automation systems, integration with renewable energy sources will present a compelling opportunity for providers. As the global emphasis on sustainability and renewable energy solutions gains momentum, building automation system companies can position themselves as integral players in the transition to cleaner energy practices. By integrating their systems with renewable energy sources such as solar panels, wind turbines, and geothermal technologies, building automation system providers offer clients the means to not only monitor and manage energy consumption but also to harness the potential of clean, green power.

This integration facilitates optimal energy utilization and storage, allowing buildings to draw from renewable sources when available and switch to conventional power when needed, ultimately reducing environmental impact and operating costs. In this era of heightened environmental consciousness, businesses and building owners seek building automation system providers capable of delivering comprehensive solutions that align with their sustainability goals and reduce their carbon footprint. As a result, the integration of renewable energy sources into building automation systems is poised to become a significant growth driver in the industry, catering to the dual imperatives of energy efficiency and environmental responsibility

Challenge: Lack of standardized communication protocols

The effectiveness of building automation systems hinges on the seamless synchronization and communication among the diverse equipment comprising the overall system. Communication protocols serve as pivotal facilitators in ensuring the harmonious integration of various devices and equipment, thus underpinning the efficient operation of building automation systems. Nevertheless, the absence of universal, open communication protocols can give rise to the utilization of different, sometimes incompatible, protocols by these devices. This divergence impedes communication among disparate components and obstructs the effortless functionality of building automation systems, as not all protocols exhibit direct compatibility with one another.

For instance, BACnet and LonWorks may not exhibit seamless interoperability but function effectively with DALI. Building operators must therefore judiciously select products that align with protocols adopted by multiple vendors to mitigate complexities. For example, Clipsal C-Bus is widely adopted in the realm of building automation systems in Australia, while M-Bus enjoys popularity in Europe.

In their quest for a competitive edge, manufacturers are increasingly inclined toward proprietary protocols and standards, intensifying competition within the market. However, this intensified rivalry has, regrettably, impeded the development of products standardized on common communication protocols, ultimately hindering the growth of the building automation system market.

Building Automation System Industry Ecosystem

The prominent players in the building automation system market are Johnson Controls (US), Schneider Electric (France), Siemens (Germany), Carrier (US), and Honeywell International Inc. (US). These companies not only boast a comprehensive product portfolio of market but also have a strong geographic footprin

Building Automation System Market by Ecosystem

Building Automation System Market Segment Overview

Facility management system type HVAC control is expected to grow at the highest CAGR during the forecast period.

The main energy users in buildings, whether they are residential or commercial, are HVAC systems. Therefore, one of the most crucial elements in the implementation of building automation systems is the necessity of automating HVAC systems. Intelligent HVAC controls minimize the need for human intervention in the operation of heating, ventilation, and air conditioning systems. Through the effective regulation of HVAC systems in response to dynamic parameters like building occupancy, ambient temperature, and pressure, these controls save energy and save associated expenses. HVAC controls incorporate a variety of sensors and controllers and rely on wireless communication, Internet access, mobile devices, and cloud computing technologies to function well.

The booming global construction industry is driving up demand for HVAC equipment globally. Automation and smart systems are being proactively integrated into the architecture of newly built buildings. Building automation systems' capacity to regulate a building's temperature, ventilation, and air conditioning, in addition to growing concerns about environmental issues and air quality, are major factors driving the demand for these systems globally.

HVAC control systems in building automation typically consist of three main components viz. sensors, controllers, and actuators. Under HVAC control, sensors are used to collect data on the environment, such as temperature, humidity, and occupancy. This data is then used by the controller to make decisions about how to operate the HVAC system. Controllers are the brains of the HVAC control system. They use the data from the sensors to determine how to adjust the HVAC system to maintain the desired conditions. Actuators are the devices that actually make the changes to the HVAC system, such as turning on and off fans and compressors. These control systems can be beneficial in demand response, and predictive maintenance.  Siemens, a Germany based technology company offers a robust portfolio of HVAC control products that are useful in building automation system.

Biometric Systems oh building automation system is expected to grow at the highest CAGR during the forecast period.

Biometric systems are created to streamline access control procedures and reduce the need for manual verification and record-keeping when granting access to specific locations or devices. These systems rely on individuals' unique behavioral and biological traits for identification. There are various categories of biometric systems on the market. Physical biometric systems employ features like fingerprints, hand geometry, iris scans, DNA, and vascular patterns to identify individuals. Behavioral biometric systems assess traits such as voice, signature, and keystrokes to recognize individuals.

Biometric systems utilize biometric data, which is inherently immune to being forgotten, compromised, stolen, or lost. They offer a robust level of security for buildings and safeguard the confidentiality of personal information. In recent years, biometric technologies have found applications in various sectors: offices employ them for time tracking and attendance, the banking and finance industry relies on them for transaction authentication, law enforcement agencies use them in prison management and criminal database cross-referencing, and households employ them for physical and access control. The increasing adoption of biometric technologies is propelling the global growth of the biometric systems market.

Bosch offers a biometric access control system that provides accurate authentication, extra layer of security, and touchless access control. It includes fingerprint readers, touchless fingerprint readers, facial recognition readers, and an integrated solution that has a software

Fire Sprinklers of fire protection system is expected to have the highest market share of building automation system market in the forecast period from 2023-2028

Fire sprinkler systems are installed in buildings and can be activated either automatically or manually to manage fire outbreaks by releasing water. These systems initiate water discharge upon receiving alerts from fire detection systems. Various types of sprinklers, such as wet fire sprinklers, dry fire sprinklers, pre-action sprinklers, and deluge sprinklers, are employed in buildings depending on the specific requirements.

The growing demand for fire sprinklers is primarily driven by the expansion of the commercial and industrial sectors, where the risk of fire incidents is higher compared to residential areas. Fire sprinklers, featuring hydraulic, pneumatic, or electric triggers, can swiftly suppress fires due to their open nozzles. Johnson Controls offers fire sprinklers such as TYCO LFII Pendent Sprinklers, LFII Concealed Sprinklers, and LFII HSW Sprinklers.

Building Automation System Market Share & Growth

India is expected to be the fastest-growing market in the Asia Pacific region for the building automation system market

Though the market in India is smaller than that in Japan and China, it is expected to witness significant growth in the future. Niti Aayog, the policy agency of the Government of India, estimated that energy demand from buildings in the country is expected to increase by more than 800% in 2047 as compared with 2012. Under the current standards, India is anticipated to face high energy costs and consumption for decades. At the same time, the worsening air pollution problem in the country is adding to the impact of climate change. The Government of India took an important step forward in 2017 by launching the revised Energy Conservation Building Code (ECBC) 2017, which was developed by the Ministry of Power and the Bureau of Energy Efficiency. The code prescribes energy performance standards for new commercial buildings to reduce energy consumption and promote low-carbon growth. It sets parameters for builders, designers, and architects to integrate renewable energy sources with building designs to achieve a 50% reduction in the energy consumption of buildings by 2030.

Along with the government of the country, several enterprises and residential buildings are also implementing building automation systems to manage their buildings more efficiently and enhance the security level in the country. The Bureau of Energy Efficiency (BEE) in India has taken up various policy and regulatory initiatives, such as the Energy Conservation Building Code (ECBC), to enhance the energy efficiency of the building sector, provide support for energy assessment and retrofitting processes, and back voluntary star rating program for the commercial buildings.

Moreover, the Energy Conservation Act (EC Act), implemented in 2001 with the objective of diminishing the energy intensity of the Indian economy, establishes regulatory imperatives encompassing the following areas: the establishment of standards and labeling criteria for equipment and appliances, the formulation of energy conservation building codes applicable to commercial structures, and the definition of energy consumption standards for industries with high energy requirements. Furthermore, the act mandates the Central Government and the Bureau to undertake initiatives that encourage and facilitate enhanced energy efficiency across all economic sectors. The EC Act also instructs individual states to nominate agencies responsible for enforcing the act and advancing energy efficiency within their respective territories.

The Smart Cities Mission for developing 100 smart cities launched by the central government is creating avenues by making massive investments in city infrastructure and making Indian cities smarter. These smart cities would be a combination of converting existing cities into smart cities by a considerable amount of redevelopment, retrofiting, as well as through the creation of satellite towns around those major cities.

Building Automation System Market by Region

Building Automation System Market Statistics by Region

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Top Building Automation System Companies - Key Market Players

The major players in the building automation system companies with a significant global presence include Honeywell International Inc. (US), Siemens (Germany), Johnson Controls (US), Schneider Electric (France), Carrier (US), Robert Bosch GmbH (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), Trane Technologies plc (Ireland), Lutron Electronics Co., Inc (US), Crestron Electronics, Inc. (US), Hitachi, Ltd. (Japan), Delta Controls (Canada), Beckhoff Automation (Germany),  Lennox International Inc. (US), Current Lighting Solutions, LLC. (US), ACUITY BRANDS, INC, (Canada), Dialight (UK), Cisco Systems, Inc. (US), Rockwell Automation (US), Snap One, LLC (US), Signify Holding (Netherlands), Emerson Electric Co. (US), Leviton Manufacturing Co., Inc. (US), Mitsubishi Electric Corporation (Japan), Huawei Technologies Co., Ltd. (China), Bajaj Electricals Ltd (India), and Beijer Electronics, Inc. (Sweden).

Building Automation Suystem Market Report Scope

Report Metric

Details

Estimated Market Size USD 88.4 billion
Projected Market Size USD 155.9 billion
Building Automation System Market Growth Rate CAGR of 12.0%

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion), Volume (Million Units)

Segments Covered

By Offering, Communication Technology, Application and Region

Geographies covered

North America, Europe, Asia Pacific, and RoW

Companies covered

The major players in building automation system market are Honeywell International Inc. (US), Siemens (Germany), Johnson Controls (US), Schneider Electric (France), Carrier (US), Robert Bosch GmbH (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), Trane Technologies plc (Ireland), Lutron Electronics Co., Inc (US), Crestron Electronics, Inc. (US), Hitachi, Ltd. (Japan), Delta Controls (Canada), Beckhoff Automation (Germany),  Lennox International Inc. (US), Current Lighting Solutions, LLC. (US), ACUITY BRANDS, INC, (Canada), Dialight (UK), Cisco Systems, Inc. (US), Rockwell Automation (US), Snap One, LLC (US), Signify Holding (Netherlands), Emerson Electric Co. (US), Leviton Manufacturing Co., Inc. (US), Mitsubishi Electric Corporation (Japan), Huawei Technologies Co., Ltd. (China), Bajaj Electricals Ltd (India), and Beijer Electronics, Inc. (Sweden).

Building Automation System Market Highlights

The study segments the building automation system market based on offering, communication technology, application and region.

Segment

Subsegment

By Offering

  • Facility Management Systems
    • Lighting Controls
    • HVAC Controls
  • Security & Access Controls
    • Video Surveillance Systems
    • Biometric Systems
  • Fire Protection Systems
    • Sensors & Detectors
    • Fire Sprinklers
    • Fire Alarms
    • Emergency Lighting, Voice Evacuation, and Public Alert Devices
  • Building Energy Management Software
  • BAS Services
    • Installations & Maintenance
    • Training
  • Others

By Communication Technology

  • Wireless technologies
  • Wired Technologies

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World

Recent Developments in Building Automation System Industry

  • In September 2023, Johnson Controls, a global authority in creating intelligent, health-conscious, and eco-friendly buildings, has unveiled its latest service, OpenBlue Service: Ensuring Security Device Performance. This service is developed to assist customers in improving building safety, mitigating risks, and optimizing the value of their security technology investments. It brings together Johnson Controls' OpenBlue suite of interconnected solutions, the capability to oversee and control security devices from various manufacturers, remote support services, valuable insights from expert engineers, and an integrated zero-trust cybersecurity protection system for a comprehensive offering.
  • In May 2023, Carrier has announced its latest software, i-Vu Pro v8.5, designed for the i-Vu building automation system. This software introduces an effective staged download approach for controller firmware upgrades, enhancing the serviceability for customers. Unlike conventional downloads that interrupt the operation of HVAC equipment during the entire process, the new staged method divides the download into distinct stages, thereby minimizing the downtime of connected HVAC equipment.
  • In March 2023, Honeywell has introduced a groundbreaking fire alarm system featuring UL-approved self-testing smoke detectors that can undergo automatic testing, revolutionizing the installation, testing, and maintenance procedures for fire and life safety systems.
  • In March 2023, Siemens has introduced the Connect Box, an accessible and open IoT solution tailored for the management of small to medium-sized buildings. This new addition to the Siemens Xcelerator portfolio offers a user-friendly method for tracking building performance, potentially leading to a remarkable 30 percent improvement in energy efficiency and a significant enhancement in indoor air quality for establishments like schools, retail shops, apartments, and small offices.
  • In March 2023, Schneider Electric introduced improved solutions aimed at promoting building sustainability. These enhancements include advanced integration features within Eco Struxure Building Operation, streamlining and expediting access to critical data necessary for efficient energy management, carbon emission reduction, and the overall enhancement of building value.
  • In February 2023, Honeywell has broadened its Building Management Solution Portfolio with the introduction of the Honeywell Optimizer Suite. This is a robust Building Management System Solution that not only offers enhanced cybersecurity protection but is also known for its ease of installation and maintenance.
  • In February 2023, ABB has introduced an innovative wireless solution that empowers customers to easily install, monitor, and upkeep their complete emergency lighting systems through a swift and user-friendly mobile application. This system, tailored for use in commercial and industrial buildings like hospitals and universities, offers full automation and delivers real-time status updates for all monitored buildings via a digital floorplan display. Its aim is to bolster building safety and streamline maintenance planning efforts.
  • In Septembe 2022, Siemens has introduced the newest updated version of Desigo CC, their integrated building management platform designed to digitize buildings of various sizes. This software update, Desigo CC V6, brings native cloud connectivity, enhances the user interface, and ranks among the first global building management platforms to meet the BACnet B-XAWS profile for cross-domain advanced workstations and BACnet Secure Connect.
  • In May 2022, Schneider Electric introduced a new electric vehicle (EV) charging solution designed to promote efficient, resilient, and sustainable electric mobility within net-zero buildings. This new offering, known as EcoStruxure for eMobility in buildings, extends its solution portfolio with the third-generation connected charger, EVlink Pro AC. This launch marks Schneider Electric's ongoing commitment to advancing smart and sustainable buildings by integrating electric vehicle (EV) charging infrastructure into their facilities.
  • In May 2022, Automated Logic, a part of Carrier has introduced new BACnet Secure Connect (BACnet/SC) solutions for the WebCTRL building automation system. This offering simplifies the adoption of the latest BACnet security model for both new and pre-existing WebCTRL systems, effectively safeguarding building automation and control networks from potential threats through IT community-accepted standards.
  • In April 2022, Carrier has introduced the TruVu zone HVAC controllers to enhance the capabilities of the i-Vu building automation system. These controllers are specifically designed for pressure-independent variable air volume (VAV) and pressure-dependent variable volume and temperature (VVT) applications. They come equipped with built-in control programs that are optimized for efficiency, energy conservation, and optimal equipment performance. Additionally, they feature dual IP ports to facilitate high-speed BACnet/IP communication.
  • In February 2022, Sensitech, a subsidiary of Carrier, launched the TempTale Ultra BLE, the newest wireless addition to its industry-leading line of digital temperature monitoring solutions. The TempTale Ultra BLE is a validated Bluetooth temperature monitoring solution capable of reading data without opening cargo packages, providing delivery drivers and receivers proof of condition at destination.
  • In January 2022, Automated Logic, a part of Carrier brings WebCTRL Cloud, a new hosted and managed software-as-a-service (SaaS) offering, to provide customers with dependable and adaptable building automation solutions. This innovative solution is designed for the WebCTRL building automation system (BAS) and offers customers deployment flexibility, enabling scalability for growth and a reduction in support-related challenges.
  • In January 2022, Carrier launched the certified Healthy Air Systems program—verifying building systems to drive healthy indoor air quality. Healthy Air Systems employs proprietary software to complete an independent assessment of ventilation, filtration, thermal comfort, and airborne pathogen transmission risk in a building to determine if indoor air quality (IAQ) meets or exceeds recommended standards.
  • In January 2022, Johnson controls unveiled industry-first OpenBlue Indoor Air Quality as a Service solution to help organizations keep occupants safe and healthy. OpenBlue Indoor Air Quality as a Service offering combines Johnson Controls technology and science-backed expertise to help customers meet complex health and safety compliance, while improving occupants' comfort and productivity.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 24)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 BUILDING AUTOMATION SYSTEM MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA 
           FIGURE 2 BUILDING AUTOMATION SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
                    2.1.1.2 Key secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key participants for primaries
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS IN BUILDING AUTOMATION SYSTEM MARKET
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN MARKET
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF MARKET BASED ON REGION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET SHARE ESTIMATION 
    2.4 DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.5 RISK ASSESSMENT 
           TABLE 1 RISK ASSESSMENT
    2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON BUILDING AUTOMATION SYSTEM MARKET 
    2.7 RESEARCH ASSUMPTIONS 
    2.8 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 44)
    3.1 IMPACT OF RECESSION 
           FIGURE 9 BUILDING AUTOMATION SYSTEM MARKET: IMPACT OF RECESSION
           FIGURE 10 SECURITY & ACCESS CONTROLS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
           FIGURE 11 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
           FIGURE 12 WIRELESS TECHNOLOGIES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN  MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BUILDING AUTOMATION SYSTEM MARKET 
           FIGURE 14 RISING FOCUS ON CONSTRUCTING ENERGY-EFFICIENT AND ECO-FRIENDLY BUILDINGS
    4.2  MARKET, BY FACILITY MANAGEMENT SYSTEMS 
           FIGURE 15 HVAC CONTROLS SEGMENT TO HOLD LARGER MARKET SHARE IN 2023
    4.3 MARKET, BY SECURITY AND ACCESS CONTROL TYPE 
           FIGURE 16 BIOMETRIC SYSTEMS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    4.4 MARKET, BY COUNTRY 
           FIGURE 17 INDIA TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 BUILDING AUTOMATION SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 High emphasis on constructing energy-efficient buildings
                    5.2.1.2 Incorporation of advanced surveillance and biometric technologies into building automation systems
                    5.2.1.3 Integration of IoT technologies and data analytics into building automation systems
                    5.2.1.4 Development of wireless protocols and wireless sensor network technology for building automation systems
                    5.2.1.5 Growing need to enhance occupant comfort, productivity, security, and safety in residential, commercial, and industrial sectors
                               FIGURE 19 BUILDING AUTOMATION SYSTEM MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Technical complexities associated with installation and maintenance and shortage of skilled professionals
                    5.2.2.2 Difficulties in customizing building automation systems
                               FIGURE 20 MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing investments by governments and various stakeholders in establishment of smart cities
                    5.2.3.2 Government-led initiatives to enhance energy efficiency and comply with green building standards
                    5.2.3.3 Integration of building automation systems with renewable energy sources
                               FIGURE 21 MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of standardized communication protocols
                    5.2.4.2 Need to keep systems up-to-date with rapid technological advancements
                               FIGURE 22 BUILDING AUTOMATION MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 23 BUILDING AUTOMATION SYSTEM MARKET: SUPPLY CHAIN ANALYSIS
           5.3.1 RESEARCH AND DEVELOPMENT (R&D)
           5.3.2 PRODUCT MANUFACTURING
           5.3.3 SYSTEM INTEGRATION
           5.3.4 MARKETING AND SALES
           5.3.5 APPLICATIONS
    5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.5 ECOSYSTEM MAPPING 
           TABLE 2 COMPANIES AND THEIR ROLE IN BUILDING AUTOMATION SYSTEM ECOSYSTEM
           FIGURE 25 BUILDING AUTOMATION SYSTEM MARKET: ECOSYSTEM MAPPING
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 AI-DRIVEN ANALYTICS
           5.6.2 IP-BASED BUILDING AUTOMATION SYSTEMS
           5.6.3 CLOUD-BASED FIRE PROTECTION SYSTEMS
           5.6.4 THERMAL CAMERAS IN ACCESS CONTROL SYSTEMS
           5.6.5 DIGITAL TWIN TECHNOLOGY IN BUILDING AUTOMATION
    5.7 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 26 BUILDING AUTOMATION SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 27 IMPACT OF PORTER’S FIVE FORCES
           TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.7.1 INTENSITY OF COMPETITIVE RIVALRY
           5.7.2 THREAT OF NEW ENTRANTS
           5.7.3 THREAT OF SUBSTITUTES
           5.7.4 BARGAINING POWER OF BUYERS
           5.7.5 BARGAINING POWER OF SUPPLIERS
    5.8 CASE STUDY ANALYSIS 
           5.8.1 IVY LEAGUE UNIVERSITY PARTNERED WITH BUILDINGS IOT TO INSTALL LEGACY BUILDING SYSTEMS
           5.8.2 SANTA CLARA-BASED SOFTWARE COMPANY PARTNERED WITH BUILDINGS IOT TO INCREASE OPERATIONAL EFFICIENCY BY INTEGRATING DIFFERENT DATA STREAMS INTO SINGLE REPOSITORY, UPGRADING AND CUSTOMIZING ANALYTICS
           5.8.3 HIPPODROME PARIS-LONGCHAMP (SPORTS FACILITY IN FRANCE) UTILIZED LDALI-ME204-U DALI CONTROLLERS OF LOYTEC TO STREAMLINE LIGHTING CONTROL AND ENHANCE EFFICIENCY
    5.9 PATENT ANALYSIS 
           5.9.1 DOCUMENT TYPE
                    TABLE 4 PATENTS FILED AND GRANTED, 2013–2022
                    FIGURE 28 PATENTS APPLIED AND ISSUED, 2013–2022
           5.9.2 PUBLICATION TREND
                    FIGURE 29 NUMBER OF PATENTS PUBLISHED EACH YEAR, 2013–2022
           5.9.3 JURISDICTION ANALYSIS
                    FIGURE 30 JURISDICTION ANALYSIS, 2013–2022
           5.9.4 TOP PATENT OWNERS
                    FIGURE 31 TOP 10 PATENT OWNERS FROM 2013 TO 2022
                    TABLE 5 TOP 20 PUBLISHED PATENT OWNERS IN LAST 10 YEARS
    5.10 TRADE ANALYSIS 
           FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS UNDER HS CODE 8415, 2018–2022
           TABLE 6 EXPORT DATA FOR HS CODE 8415-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND)
           FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE 8415, 2018–2022
           TABLE 7 IMPORT DATA FOR HS CODE 8415-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND)
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE SELLING PRICE (ASP) OF FACILITY MANAGEMENT SYSTEMS OFFERED BY TOP THREE PLAYERS, 2022 (USD)
                    TABLE 8 AVERAGE SELLING PRICE (ASP) OF FACILITY MANAGEMENT SYSTEMS OFFERED BY TOP THREE PLAYERS, 2022 (USD)
                    TABLE 9 HISTORIC AVERAGE SELLING PRICE (ASP) OF HVAC CONTROLS OFFERED BY THREE KEY PLAYERS, 2019–2022 (USD)
           5.11.2 INDICATIVE PRICING OF HVAC, BY REGION, 2022 (USD)
    5.12 TARIFF ANALYSIS 
           TABLE 10 MFN TARIFF RELATED TO PRODUCTS INCLUDED UNDER HS CODE: 8415 EXPORTED BY CHINA, 2022
    5.13 STANDARDS AND REGULATORY LANDSCAPE 
           5.13.1 STANDARD RELATED TO BUILDING AUTOMATION SYSTEMS
                    TABLE 11 BUILDING AUTOMATION SYSTEM MARKET: STANDARDS
           5.13.2 REGIONAL REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
                    TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.14 KEY CONFERENCES AND EVENTS, 2023–2024 
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR THREE KEY APPLICATIONS
                    TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR THREE KEY APPLICATIONS (%)
           5.15.2 KEY BUYING CRITERIA
                    FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 17 KEY BUYING CRITERIA FOR THREE KEY APPLICATIONS
 
6 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING (Page No. - 85)
    6.1 INTRODUCTION 
           FIGURE 36 BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING
           FIGURE 37 SECURITY & ACCESS CONTROLS SEGMENT TO DOMINATE MARKET FROM 2023 TO 2028
           TABLE 18 MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 19 MARKET, BY OFFERING, 2023–2028 (USD MILLION)
    6.2 FACILITY MANAGEMENT SYSTEMS 
           TABLE 20 FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
           TABLE 21 FACILITY MANAGEMENT SYSTEMS: MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
           TABLE 22 FACILITY MANAGEMENT SYSTEMS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 23 FACILITY MANAGEMENT SYSTEMS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 24 FACILITY MANAGEMENT SYSTEMS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 25 FACILITY MANAGEMENT SYSTEMS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 26 FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 27 FACILITY MANAGEMENT SYSTEMS: MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 28 FACILITY MANAGEMENT SYSTEMS: MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 29 FACILITY MANAGEMENT SYSTEMS: MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 30 FACILITY MANAGEMENT SYSTEMS: MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 31 FACILITY MANAGEMENT SYSTEMS: MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)
           6.2.1 LIGHTING CONTROLS
                    6.2.1.1 Optimize energy efficiency and user comfort by intelligently managing and adjusting lighting levels
                               TABLE 32 BUILDING AUTOMATION SYSTEM MARKET, BY FACILITY MANAGEMENT SYSTEM TYPE, 2019–2022 (MILLION UNITS)
                               TABLE 33 MARKET, BY FACILITY MANAGEMENT SYSTEM TYPE, 2023–2028 (MILLION UNITS)
                               TABLE 34 FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY LIGHTING CONTROL TYPE, 2019–2022 (USD MILLION)
                               TABLE 35 FACILITY MANAGEMENT SYSTEMS: MARKET, BY LIGHTING CONTROL TYPE, 2023–2028 (USD MILLION)
                               TABLE 36 LIGHTING CONTROL: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 37 LIGHTING CONTROL: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                               6.2.1.1.1 Occupancy sensors
                               6.2.1.1.2 Daylight sensors
                               6.2.1.1.3 Relays
                               6.2.1.1.4 Timers
                               6.2.1.1.5 Dimming actuators
                               6.2.1.1.6 Switch actuators
                               6.2.1.1.7 Blind/Shutter actuators
                               6.2.1.1.8 Transmitters
                               6.2.1.1.9 Receivers
           6.2.2 HVAC CONTROLS
                    6.2.2.1 Enhance indoor comfort and energy efficiency by regulating system-based occupancy, temperature, and environmental conditions
                               TABLE 38 HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY HVAC COMPONENT, 2019–2022 (USD MILLION)
                               TABLE 39 HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY HVAC COMPONENT, 2023–2028 (USD MILLION)
                               TABLE 40 HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 41 HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                               6.2.2.1.1 Sensors
                               6.2.2.1.2 Smart thermostats
                               6.2.2.1.3 Control valves
                                             6.2.2.1.3.1 Three-way valves
                               6.2.2.1.4 Heating and cooling coils
                               6.2.2.1.5 Dampers
                                             6.2.2.1.5.1 Low-leakage dampers
                                             6.2.2.1.5.2 Parallel- and opposed-blade dampers
                                             6.2.2.1.5.3 Round dampers
                               6.2.2.1.6 Actuators
                                             6.2.2.1.6.1 Hydraulic actuators
                                             6.2.2.1.6.2 Pneumatic actuators
                                             6.2.2.1.6.3 Electric actuators
                               6.2.2.1.7 Pumps and fans
                               6.2.2.1.8 Smart vents
    6.3 SECURITY AND ACCESS CONTROLS 
           TABLE 42 SECURITY AND ACCESS CONTROLS: BUILDING AUTOMATION SYSTEM MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION)
           TABLE 43 SECURITY AND ACCESS CONTROLS: MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION)
           TABLE 44 SECURITY AND ACCESS CONTROLS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 45 SECURITY AND ACCESS CONTROLS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 46 SECURITY AND ACCESS CONTROLS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 47 SECURITY AND ACCESS CONTROLS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 48 SECURITY AND ACCESS CONTROL: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 49 SECURITY AND ACCESS CONTROL: MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 50 SECURITY AND ACCESS CONTROL: MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 51 SECURITY AND ACCESS CONTROL: MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 52 SECURITY AND ACCESS CONTROL: MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 53 SECURITY AND ACCESS CONTROL: ARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)
           6.3.1 VIDEO SURVEILLANCE SYSTEMS
                    6.3.1.1 Enable real-time monitoring and security and visual verification of events and deterrence of unauthorized access or incidents
                               TABLE 54 VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                               TABLE 55 VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
                               TABLE 56 VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 57 VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                               6.3.1.1.1 Hardware
                                             TABLE 58 SECURITY AND ACCESS CONTROLS: VIDEO SURVEILLANCE SYSTEMS MARKET FOR HARDWARE, BY PRODUCT, 2019–2022 (USD MILLION)
                                             TABLE 59 SECURITY AND ACCESS CONTROLS: VIDEO SURVEILLANCE SYSTEMS MARKET FOR HARDWARE, BY PRODUCT, 2023–2028 (USD MILLION)
                                             6.3.1.1.1.1 Cameras
                                             6.3.1.1.1.2 Monitors
                                             6.3.1.1.1.3 Storage systems
                                             6.3.1.1.1.4 Accessories
                               6.3.1.1.2 Software/Video analytics
                               6.3.1.1.3 Services
           6.3.2 BIOMETRIC SYSTEMS
                    6.3.2.1 Enhance security through advanced access control and user identification based on unique physiological or behavioral traits
                               TABLE 60 BIOMETRIC SYSTEMS: SECURITY & ACCESS CONTROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 61 BIOMETRIC SYSTEMS: SECURITY & ACCESS CONTROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    6.4 FIRE PROTECTION SYSTEMS 
           TABLE 62 FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
           TABLE 63 FIRE PROTECTION SYSTEMS: MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
           TABLE 64 FIRE PROTECTION SYSTEMS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 65 FIRE PROTECTION SYSTEMS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 66 FIRE PROTECTION SYSTEMS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 67 FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 68 FIRE PROTECTION SYSTEMS: MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 69 FIRE PROTECTION SYSTEMS: MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 70 FIRE PROTECTION SYSTEMS: MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 71 FIRE PROTECTION SYSTEMS: MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 72 FIRE PROTECTION SYSTEMS: MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 73 FIRE PROTECTION SYSTEMS: MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)
           6.4.1 SENSORS AND DETECTORS
                    6.4.1.1 Detect emergencies at initial stages to avoid accidents
                               6.4.1.1.1 Smoke detectors
                               6.4.1.1.2 Flame detectors
                               6.4.1.1.3 Others
           6.4.2 FIRE SPRINKLERS
                    6.4.2.1 Provide automatic fire suppression, enhancing safety and property protection in event of fire
           6.4.3 FIRE ALARMS
                    6.4.3.1 Warn occupants about occurrence of fire breakouts
           6.4.4 EMERGENCY LIGHTING, VOICE EVACUATION, AND PUBLIC ALERT DEVICES
                    6.4.4.1 Ensure safety by providing illumination, clear instructions, and timely alerts during critical situations
    6.5 BUILDING ENERGY MANAGEMENT SOFTWARE 
           6.5.1 OPTIMIZES ENERGY CONSUMPTION, REDUCES COSTS, AND ENHANCES SUSTAINABILITY BY MONITORING, ANALYZING, AND CONTROLLING ENERGY USAGE
                    TABLE 74 BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 75 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 76 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 77 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 78 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 79 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 80 BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 81 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 82 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 83 BUILDING ENERGY MANAGEMENT SOFTWARE: MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)
    6.6 BUILDING AUTOMATION SYSTEM (BAS) SERVICES 
           TABLE 84 BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 85 BAS SERVICES: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 86 BAS SERVICES: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 87 BAS SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 88 BAS SERVICES: MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 89 BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 90 BAS SERVICES: MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 91 BAS SERVICES: MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 92 BAS SERVICES: MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 93 BAS SERVICES: MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)
           6.6.1 INSTALLATION AND MAINTENANCE
                    6.6.1.1 Essential to guarantee effective functionality and prolonged operational life of BAS
           6.6.2 TRAINING
                    6.6.2.1 Enables staff to effectively manage, monitor, and control BAS
    6.7 OTHERS 
           TABLE 94 OTHERS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 95 OTHERS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 96 OTHERS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 97 OTHERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 98 OTHERS: MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 99 OTHERS: MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 100 OTHERS: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 101 OTHERS: MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)
           TABLE 102 OTHERS: MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)
           TABLE 103 OTHERS: MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)
 
7 BUILDING AUTOMATION SYSTEM MARKET, BY COMMUNICATION TECHNOLOGY (Page No. - 130)
    7.1 INTRODUCTION 
           FIGURE 38 WIRELESS TECHNOLOGIES SEGMENT TO HOLD LARGER MARKET SHARE IN 2028
           TABLE 104 MARKET, BY COMMUNICATION TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 105 MARKET, BY COMMUNICATION TECHNOLOGY, 2023–2028 (USD MILLION)
    7.2 WIRELESS TECHNOLOGIES 
           7.2.1 ZIGBEE
                    7.2.1.1 Ideal for commercial and residential applications due to low power consumption and cost
           7.2.2 ENOCEAN
                    7.2.2.1 Pioneers battery-free building automation technology with energy harvesting feature
           7.2.3 Z-WAVE
                    7.2.3.1 Engineered for automation of processes, enabling remote control of various devices and applications
           7.2.4 WI-FI
                    7.2.4.1 Empowers seamless connectivity and control in building automation systems, enhancing efficiency and convenience
           7.2.5 BLUETOOTH
                    7.2.5.1 Ideal for short-range communication in personal area networks (PANs)
           7.2.6 THREAD
                    7.2.6.1 Enhances real-time control and monitoring of various building functions, optimizing energy efficiency and occupant comfort
           7.2.7 INFRARED
                    7.2.7.1 Used for occupancy sensing and remote control, enhancing energy efficiency and user comfort
    7.3 WIRED TECHNOLOGIES 
           7.3.1 DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI)
                    7.3.1.1 Used for precise control and management of lighting systems, enabling individual luminaire control and energy efficiency
           7.3.2 KONNEX (KNX)
                    7.3.2.1 Standardized platform for managing and automating lighting, HVAC, security, and energy systems, promoting seamless integration and control
           7.3.3 LONWORKS
                    7.3.3.1 Enables seamless communication and integration of various systems, improving efficiency and control of building functions
           7.3.4 BUILDING AUTOMATION AND CONTROL NETWORK (BACNET)
                    7.3.4.1 Streamlines communication and integration in building automation systems to enhance control and management of various building functions
           7.3.5 MODBUS
                    7.3.5.1 Widely used communication protocol for facilitating data exchange among various devices and systems, enhancing control and monitoring capabilities
 
8 BUILDING AUTOMATION MARKET, BY APPLICATION (Page No. - 141)
    8.1 INTRODUCTION 
           FIGURE 39 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION
           FIGURE 40 INDUSTRIAL APPLICATION SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
           TABLE 106 MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 107 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    8.2 RESIDENTIAL 
           8.2.1 RISING NUMBER OF INTERNET OF THINGS (IOT)-EQUIPPED SMART HOMES TO DRIVE DEMAND
                    8.2.1.1 DIY home automation
                               TABLE 108 RESIDENTIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                               TABLE 109 RESIDENTIAL: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
    8.3 COMMERCIAL 
           8.3.1 OFFICE BUILDINGS
                    8.3.1.1 Growing use to enhance energy efficiency and occupant comfort in office buildings through centralized control of various systems to fuel segmental growth
           8.3.2 RETAIL AND PUBLIC ASSEMBLY BUILDINGS
                    8.3.2.1 Rising adoption to optimize energy management and create comfortable, safe environments in retail and public assembly buildings to drive market
           8.3.3 HOSPITALS AND HEALTHCARE FACILITIES
                    8.3.3.1 Need to improve patient care and operational efficiency in hospitals and healthcare facilities by regulating critical systems to drive demand
           8.3.4 AIRPORTS AND RAILWAY STATIONS
                    8.3.4.1 Capability to enhance security, operational efficiency, and passenger comfort at airports and railway stations through intelligent control of various systems to fuel demand
                               TABLE 110 COMMERCIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                               TABLE 111 COMMERCIAL: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
    8.4 INDUSTRIAL 
           8.4.1 INCREASING ADOPTION TO ACHIEVE ENERGY AND COST SAVINGS TO DRIVE MARKET
                    FIGURE 41 BUILDING ENERGY MANAGEMENT SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN MARKET FOR INDUSTRIAL DURING FORECAST PERIOD
                    TABLE 112 INDUSTRIAL: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                    TABLE 113 INDUSTRIAL: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
 
9 BUILDING AUTOMATION SYSTEM MARKET, BY REGION (Page No. - 152)
    9.1 INTRODUCTION 
           FIGURE 42 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF BUILDING AUTOMATION SYSTEM MARKET IN 2028
           TABLE 114 MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 115 MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.2 NORTH AMERICA 
           FIGURE 43 NORTH AMERICA: BUILDING AUTOMATION SYSTEM MARKET SNAPSHOT
           TABLE 116 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 117 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           TABLE 118 NORTH AMERICA: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 119 NORTH AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
           9.2.1 NORTH AMERICA: RECESSION IMPACT
           9.2.2 US
                    9.2.2.1 Government-led initiatives aimed at conserving energy and reducing operational expenses
           9.2.3 CANADA
                    9.2.3.1 Strong commitment to transition toward low-carbon economy
           9.2.4 MEXICO
                    9.2.4.1 Growing emphasis on constructing environmentally friendly buildings
    9.3 EUROPE 
           FIGURE 44 EUROPE: BUILDING AUTOMATION SYSTEM MARKET SNAPSHOT
           TABLE 120 EUROPE: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 121 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           TABLE 122 EUROPE: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 123 EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
           9.3.1 EUROPE: IMPACT OF RECESSION
           9.3.2 UK
                    9.3.2.1 Technological advancements and rising infrastructure development
           9.3.3 GERMANY
                    9.3.3.1 Presence of energy efficiency regulations and increasing demand for HVAC and lighting control systems in residential, commercial, and industrial sectors
           9.3.4 FRANCE
                    9.3.4.1 Need to adhere to regulatory compliance and energy efficiency initiatives
           9.3.5 ITALY
                    9.3.5.1 Growing demand for building automation systems in commercial and healthcare facilities
           9.3.6 REST OF EUROPE
    9.4 ASIA PACIFIC 
           FIGURE 45 ASIA PACIFIC: BUILDING AUTOMATION SYSTEM MARKET SNAPSHOT
           FIGURE 46 INDIA TO REGISTER HIGHEST CAGR IN ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET FROM 2023 TO 2028
           TABLE 124 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 125 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           TABLE 126 ASIA PACIFIC: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 127 ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
           9.4.1 ASIA PACIFIC: IMPACT OF RECESSION
           9.4.2 CHINA
                    9.4.2.1 Rapid urbanization, economic growth, and development of smart cities
           9.4.3 JAPAN
                    9.4.3.1 Commitment to sustainability and presence of strict environmental regulations
           9.4.4 INDIA
                    9.4.4.1 Growing adoption in commercial and industrial sectors and surge in construction activities
           9.4.5 SOUTH KOREA
                    9.4.5.1 Increasing emphasis on energy conservation and continued government-led initiatives to promote building automation systems
           9.4.6 REST OF ASIA PACIFIC
    9.5 ROW 
           FIGURE 47 SOUTH AMERICA TO REGISTER HIGHER CAGR IN ROW BUILDING AUTOMATION SYSTEM MARKET FROM 2023 TO 2028
           TABLE 128 ROW: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 129 ROW: MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 130 ROW: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 131 ROW: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
           9.5.1 ROW: IMPACT OF RECESSION
           9.5.2 SOUTH AMERICA
                    9.5.2.1 Increased construction activities and need for energy-efficient building solutions
           9.5.3 MIDDLE EAST & AFRICA
                    9.5.3.1 Rapid urbanization and increasing construction activities
 
10 COMPETITIVE LANDSCAPE (Page No. - 174)
     10.1 OVERVIEW 
     10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
             FIGURE 48 BUILDING AUTOMATION SYSTEM MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY LEADING PLAYERS, 2021–2023
     10.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 132 MARKET: DEGREE OF COMPETITION
             FIGURE 49 MARKET SHARE ANALYSIS, 2022
     10.4 REVENUE ANALYSIS, 2018–2022 
             FIGURE 50 MARKET: REVENUE ANALYSIS OF FOUR KEY COMPANIES, 2018–2022
     10.5 COMPANY EVALUATION MATRIX, 2022 
             FIGURE 51 MARKET: COMPANY EVALUATION MATRIX, 2022
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
     10.6 COMPANY FOOTPRINT 
             TABLE 133 OVERALL COMPANY FOOTPRINT
             TABLE 134 APPLICATION: COMPANY FOOTPRINT
             TABLE 135 REGION: COMPANY FOOTPRINT
     10.7 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
           FIGURE 52 BUILDING AUTOMATION SYSTEM MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
     10.8 LIST OF KEY STARTUPS/SMES 
             TABLE 136 BUILDING AUTOMATION SYSTEM MARKET: LIST OF KEY STARTUPS/SMES
     10.9 COMPETITIVE BENCHMARKING 
             TABLE 137 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.1 COMPETITIVE SCENARIOS AND TRENDS 
             10.10.1 PRODUCT LAUNCHES
                         TABLE 138 BUILDING AUTOMATION SYSTEM MARKET: PRODUCT LAUNCHES, 2022–2023
             10.10.2 DEALS
                         TABLE 139 MARKET: DEALS, 2022–2023
 
11 COMPANY PROFILES (Page No. - 195)
     11.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*  
             11.1.1 HONEYWELL INTERNATIONAL INC.
                        TABLE 140 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 53 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 141 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 142 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
                        TABLE 143 HONEYWELL INTERNATIONAL INC.: DEALS
             11.1.2 SIEMENS
                        TABLE 144 SIEMENS: COMPANY OVERVIEW
                        FIGURE 54 SIEMENS: COMPANY SNAPSHOT
                        TABLE 145 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 146 SIEMENS: PRODUCT LAUNCHES
                        TABLE 147 SIEMENS: DEALS
             11.1.3 JOHNSON CONTROLS
                        TABLE 148 JOHNSON CONTROLS: COMPANY OVERVIEW
                        FIGURE 55 JOHNSON CONTROLS: COMPANY SNAPSHOT
                        TABLE 149 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 150 JOHNSON CONTROLS: PRODUCT LAUNCHES
                        TABLE 151 JOHNSON CONTROLS: DEALS
             11.1.4 SCHNEIDER ELECTRIC
                        TABLE 152 SCHNEIDER ELECTRIC: COMPANY OVERVIEW
                        FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                        TABLE 153 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 154 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES
                        TABLE 155 SCHNEIDER ELECTRIC: DEALS
             11.1.5 CARRIER
                        TABLE 156 CARRIER: COMPANY OVERVIEW
                        FIGURE 57 CARRIER: COMPANY SNAPSHOT
                        TABLE 157 CARRIER: PRODUCT/SOLUTIONS/SERVICES OFFERED
                        TABLE 158 CARRIER: PRODUCT LAUNCHES
                        TABLE 159 CARRIER: DEALS
             11.1.6 ROBERT BOSCH GMBH
                        TABLE 160 ROBERT BOSCH GMBH: COMPANY OVERVIEW
                        FIGURE 58 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                        TABLE 161 ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 162 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
                        TABLE 163 ROBERT BOSCH GMBH: DEALS
             11.1.7 LEGRAND
                        TABLE 164 LEGRAND: COMPANY OVERVIEW
                        FIGURE 59 LEGRAND: COMPANY SNAPSHOT
                        TABLE 165 LEGRAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 166 LEGRAND: PRODUCT LAUNCHES
                        TABLE 167 LEGRAND: DEALS
             11.1.8 HUBBELL
                        TABLE 168 HUBBELL: COMPANY OVERVIEW
                        FIGURE 60 HUBBELL: COMPANY SNAPSHOT
                        TABLE 169 HUBBELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 170 HUBBELL: PRODUCT LAUNCHES
                        TABLE 171 HUBBELL: DEALS
             11.1.9 ABB
                        TABLE 172 ABB: COMPANY OVERVIEW
                        FIGURE 61 ABB: COMPANY SNAPSHOT
                        TABLE 173 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 174 ABB: PRODUCT LAUNCHES
                        TABLE 175 ABB: DEALS
             11.1.10 TRANE TECHNOLOGIES PLC
                        TABLE 176 TRANE TECHNOLOGIES PLC: COMPANY OVERVIEW
                        FIGURE 62 TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT
                        TABLE 177 TRANE TECHNOLOGIES PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 178 TRANE TECHNOLOGIES PLC: PRODUCT LAUNCHES
                        TABLE 179 TRANE TECHNOLOGIES PLC: DEALS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.  
     11.2 OTHER PLAYERS 
             11.2.1 LUTRON ELECTRONICS CO., INC.
             11.2.2 CRESTRON ELECTRONICS, INC.
             11.2.3 HITACHI, LTD.
             11.2.4 DELTA CONTROLS
             11.2.5 BECKHOFF AUTOMATION
             11.2.6 LENNOX INTERNATIONAL INC.
             11.2.7 CURRENT LIGHTING SOLUTIONS, LLC
             11.2.8 ACUITY BRANDS, INC.
             11.2.9 DIALIGHT
             11.2.10 CISCO SYSTEMS, INC.
             11.2.11 ROCKWELL AUTOMATION
             11.2.12 SNAP ONE, LLC
             11.2.13 SIGNIFY HOLDING
             11.2.14 EMERSON ELECTRIC CO.
             11.2.15 LEVITON MANUFACTURING CO., INC.
             11.2.16 MITSUBISHI ELECTRIC CORPORATION
             11.2.17 HUAWEI TECHNOLOGIES CO., LTD.
             11.2.18 BEIJER ELECTRONICS, INC.
             11.2.19 BAJAJ ELECTRICALS LTD
 
12 APPENDIX (Page No. - 271)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.4 CUSTOMIZATION OPTIONS 
     12.5 RELATED REPORTS 
     12.6 AUTHOR DETAILS 
 

 

The research report includes four major activities, estimating the size of the building automation system market. Secondary research has been done to gather important information about the market and peer markets. To validate the findings, assumptions, and sizing with the primary research with industry experts across the value chain is the next step. Both bottom-up and top-down approaches have been used to estimate the market size. After this, the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments

Secondary Research

Revenues of companies offering building automation system across the world have been obtained based on the secondary data made available through paid and unpaid sources. They have also been derived by analyzing the product portfolios of key companies and rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the building automation system market. Secondary sources considered for this research study include government sources, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations. Secondary data has been collected and analyzed to determine the overall market size, further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of the building automation system industry to identify the key players based on their products and the prevailing industry trends in the building automation system market based on offering, communication technology, application and regions. It also includes information about the key developments undertaken from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources have been interviewed to obtain qualitative and quantitative information related to the market across four main regions— North America, Europe, Asia Pacific, and Row (Rest of the World). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and a few other related key executives from major companies and organizations operating in the building automation system market or related markets.

After the completion of market engineering, primary research has been conducted to gather information and verify and validate critical numbers obtained from other sources. Primary research has also been conducted to identify various market segments; industry trends; key players; competitive landscape; and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with the key strategies market players adopt. Most of the primary interviews have been conducted with the supply side of the market. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Building Automation System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both the top-down and bottom-up approaches have been used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed on the market engineering process to list key information/insights.

Key market players have been identified through secondary research, and their market shares have been determined through primary and secondary research. This involves studying their annual and financial reports and interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights—both quantitative and qualitative.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that may affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed input and analysis from MarketsandMarkets and presented in the report.

Market Size Estimation Methodology-Bottom-up Approach

A bottom-up approach has been employed to arrive at the overall size of the building automation system market from the calculations based on the revenues of the key players and their shares in the market. Key players in the building automation system market have been studied. The market size estimations have been carried out considering the market size of their building automation system offerings.

Building Automation System Market Size, and Bottom-up Approach

Market Size Estimation Methodology-Top Down Approach

In the top-down approach, the overall market size has been used to estimate the size of individual markets through percentage splits from secondary and primary research.

The most appropriate parent market size has been used to implement the top-down approach for the calculation of specific market segments.

 

The revenue shares used earlier in the bottom-up approach were verified by identifying and estimating the market share for each company. The overall parent market size and individual market sizes have been determined and confirmed in this study through the data triangulation process and data validation through the primary interviews.

Building Automation System Market Size, and Top Down Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been then splits into several segments and sub-segments. Data triangulation has been employed to complete the market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

Building automation systems are advanced computer networks that automate and oversee various building systems, such as HVAC, lighting, and security. Building automation systems aim to enhance occupant comfort, safety, and energy efficiency. Building automation system facilitates seamless communication among diverse systems, ensuring consistent climate control, performance monitoring, and fault alerts. This automation reduces energy and maintenance expenses. Most multi-story green buildings include building automation system for energy conservation. It regulates key functions and can be accessed remotely for monitoring and adjustments. Building automation system centralizes control and simplifies facility management, allowing for easy optimization. These solutions are flexible and integrate with existing systems, enabling future upgrades without extensive reconfiguration.

Key Stakeholders

  • Original device manufacturers (ODM)
  • Building automation service providers
  • Networking technology vendors
  • Real estate developers
  • Building automation software solution providers
  • Building automation service providers
  • Component suppliers
  • Research organizations and consulting companies
  • Sub-component manufacturers
  • Technology providers
  • Building automation system-related associations, organizations, forums, and alliances

The main objectives of this study are as follows:

  • To describe and forecast the building automation system (BAS) market size, by communication technology, offering, application, and region, in terms of value
  • To describe and forecast the market, in terms of value, for various segments regarding four key regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyse the micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To provide a detailed overview of the building automation system value chain and its industry trends
  • To analyse opportunities in the market for various stakeholders by identifying the high-growth segments of the building automation system market
  • To profile the key players and comprehensively analyse their market position in terms of the market share and core competencies, along with a detailed competitive landscape for the market leaders
  • To analyse competitive developments such as partnerships, collaborations and acquisitions, and product launches in the building automation system market

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  • Country-wise Information for Asia Pacific
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Custom Market Research Services

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