Building Automation System Market

Building Automation System Market by Communication Technology, Offering (Facilities Management Systems, Security & Access Control Systems, Fire Protection Systems, and Building Energy Management Software), Application, Region - Global Forecast to 2024

Report Code : SE 2966
Published ON : Mar, 2019

[214 Pages Report] The BAS market is expected to grow from USD 75.0 billion in 2019 to USD 121.5 billion by 2024 growing at a CAGR of 10.12%. The rise in the adoption of automated security systems in buildings, development of wireless protocols and wireless sensor network technology for BAS, and rapid penetration of IoT in building automation systems are the critical factors driving the growth of the BAS market.

Building Automation Systems Market

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

Building energy management software is expected to grow at fastest rate during forecast period

Building energy management software helps building operators or homeowners to continuously monitor and analyze how much energy is used by a building. It not only notifies building operators or owners of energy drifts but also provides actionable information for energy saving. With the advent of technology, BAS manufacturers are focusing on developing user-friendly software for the management of energy consumption in a building, which, in turn, driving the demand for building energy management software.

Reducing energy expenditure in industrial applications helps the BAS market to grow

Industrial facilities include factories, production plants, distribution facilities, warehouses, and other infrastructure buildings that support manufacturing and production functions. The segment is expected to adopt smart building solutions to achieve energy and cost savings, higher productivity, enhanced identity and access management, and optimized surveillance. Manufacturing and industrial buildings have their own set of requirements for different manufacturing processes and storage purposes. These buildings are equipped with highly sophisticated technologies, ranging from lifts and air-conditioning units to controlled ventilation systems, which contributes to high energy consumption. Reduction in energy expenditure is critical for industrial and manufacturing facilities as it directly contributes to the operational and capital expenditure of the company and can affect its profitability.

Building Automation Systems Market

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BAS market in APAC is expected to grow at highest CAGR

The BAS market in APAC is expected to grow at the highest CAGR during the forecast period. The expected rise is attributed to the rapid growth of the construction industry in developing countries such as China and India and government initiatives toward energy conservation have contributed to the growth of the BAS market in APAC. Countries such as China and India have aggressively started developing smart cities. BAS is acting as a key enabler in achieving these objectives by the respective countries.

Key Market Players

Honeywell International (US), Siemens AG (Germany), Johnson Controls International (Ireland), Schneider Electric (France), United Technologies Corp. (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), and Ingersoll-Rand (Ireland) are among a few major players in the BAS market. These players are increasingly undertaking acquisitions and product launches to develop and introduce new technologies and products in the market.

Recent Developments

  • In June 2018, Honeywell International (US) introduced Honeywell Vector Space Sense, an IoT-enabled software solution that shows where, when, and how building spaces are used at any given point in time. The software helps address space constraints by collating and analyzing data from multiple sources throughout the building. As a result, it delivers actionable insights to optimize and make the best use of vacant spaces. It also helps facility managers regulate and set the temperature and fan speed inside the building, resulting in reduced energy consumption.
  • In July 2018, Dubai Airports selected data analytics and smart building technology of Siemens AG (Germany) to guarantee annual energy savings of almost 20% every year by the implementation of energy-efficient measures. The 7-year project is expected to reduce CO2 emissions by approximately 25,000 tons, with annual electricity savings of nearly 50-gigawatt hours (GWh) and water savings of around 21 million gallons.
  • In October 2018, United Technologies Corp. acquired S2 Security (US), a leading manufacturer of unified security and video management solutions, to combined it with Lenel to form LenelS2, a global leader in advanced access control systems and services.

Critical questions would be as follows:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming industry applications for BAS?
  • Which region provides good opportunities for the growth of the BAS market?
  • What are new application areas that companies in the BAS market can explore?
  • Who are the key market players, and how intense is the competition?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Content

1 Introduction (Page No. - 12)
    1.1 Study Objectives
    1.2 Definition
    1.3 Market Scope
           1.3.1 Geographic Scope
    1.4 Years Considered
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Sampling Techniques and Data Collection Methods
                    2.1.2.2 Primary Sources
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in BAS Market
    4.2 BAS Market, By Offering and Region
    4.3 BAS Market, By Application
    4.4 BAS Market in APAC, By Offering and Country
    4.5 Geographic Analysis

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Value Chain Analysis
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Focus on Designing and Establishing Energy-Efficient and Eco-Friendly Buildings and Several Benefits of BAS
                    5.3.1.2 Rise in Adoption of Automated Security Systems in Buildings
                    5.3.1.3 Rapid Penetration of IoT in Building Automation Systems
                    5.3.1.4 Development of Wireless Protocols and Wireless Sensor Network Technology for BAS
                    5.3.1.5 Rapid Infrastructure Growth in Developing Nations
           5.3.2 Restraints
                    5.3.2.1 False Notion About Installation Cost of BAS
                    5.3.2.2 Technical Difficulties and Dearth of Skilled Experts
           5.3.3 Opportunities
                    5.3.3.1 Favorable Government Initiatives and Incentives
                    5.3.3.2 Advancement of Building Technologies and Automation With Data Analytics
           5.3.4 Challenges
                    5.3.4.1 Presence of Different Communication Protocols

6 Building Automation System Market, By Communication Technology (Page No. - 46)
    6.1 Introduction
    6.2 Trends in BAS Market
    6.3 Communication Technology
           6.3.1 Wireless Technologies
                    6.3.1.1 Zigbee
                    6.3.1.2 Enocean
                    6.3.1.3 Z–Wave
                    6.3.1.4 Wi-Fi
                    6.3.1.5 Bluetooth
                    6.3.1.6 Thread
                    6.3.1.7 Infrared
           6.3.2 Wired Technologies
                    6.3.2.1 Digital Addressable Lighting Interface (DALI)
                    6.3.2.2 KNX
                    6.3.2.3 Lonworks
                    6.3.2.4 Building Automation and Control Network (BACNet)
                    6.3.2.5 Modbus

7 Building Automation System Market, By Offering (Page No. - 58)
    7.1 Introduction
    7.2 Facility Management Systems
           7.2.1 Lighting Control Systems
                    7.2.1.1 Occupancy Sensors
                    7.2.1.2 Daylight Sensors
                    7.2.1.3 Relays
                    7.2.1.4 Timers
                    7.2.1.5 Dimming Actuators
                    7.2.1.6 Switch Actuators
                    7.2.1.7 Blind/Shutter Actuators
                    7.2.1.8 Transmitters
                    7.2.1.9 Receivers
           7.2.2 HVAC Control Systems
                    7.2.2.1 Sensors
                    7.2.2.2 Smart Thermostats
                    7.2.2.3 Control Valves
                               7.2.2.3.1 Two-Way Valves
                               7.2.2.3.2 Three-Way Valves
                    7.2.2.4 Heating and Cooling Coils
                    7.2.2.5 Dampers
                               7.2.2.5.1 Low-Leakage Dampers
                               7.2.2.5.2 Parallel and Opposed Blade Dampers
                               7.2.2.5.3 Round Dampers
                    7.2.2.6 Actuators
                               7.2.2.6.1 Hydraulic Actuators
                               7.2.2.6.2 Pneumatic Actuators
                               7.2.2.6.3 Electric Actuators
                    7.2.2.7 Pumps and Fans
                    7.2.2.8 Smart Vents
    7.3 Security and Access Control Systems
           7.3.1 Video Surveillance Systems
                    7.3.1.1 Hardware
                               7.3.1.1.1 Cameras
                               7.3.1.1.2 Monitors
                               7.3.1.1.3 Storage Systems
                               7.3.1.1.4 Accessories
                    7.3.1.2 Software/Video Analytics
                    7.3.1.3 Services
           7.3.2 Biometric Systems
    7.4 Fire Protection Systems
           7.4.1 Sensors and Detectors
                    7.4.1.1 Smoke Detectors
                    7.4.1.2 Flame Detectors
                    7.4.1.3 Others
           7.4.2 Fire Sprinklers
           7.4.3 Fire Alarms
           7.4.4 Emergency Lighting, Voice Evacuation, and Public Alert Devices
    7.5 Building Energy Management Software
    7.6 BAS Services
           7.6.1 Installation and Maintenance
           7.6.2 Training
    7.7 Others

8 Building Automation System Market, By Application (Page No. - 95)
    8.1 Introduction
    8.2 Residential Applications
           8.2.1 Diy Home Automation
    8.3 Commercial Applications
           8.3.1 Office Buildings
           8.3.2 Retail and Public Assembly Buildings
           8.3.3 Hospitals and Healthcare Facilities
           8.3.4 Airports and Railway Stations
    8.4 Industrial Application

9 Building Automation System Market, By Region (Page No. - 104)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 UK
           9.3.2 Germany
           9.3.3 France
           9.3.4 Italy
           9.3.5 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Rest of APAC
    9.5 Rest of the World
           9.5.1 South America
           9.5.2 Middle East and Africa

10 Competitive Landscape (Page No. - 130)
     10.1 Introduction
     10.2 Market Player Ranking Analysis
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Dynamic Differentiators
             10.3.3 Innovators
             10.3.4 Emerging Companies
     10.4 Competitive Benchmarking
             10.4.1 Strength of Product Portfolio (25 Companies)
             10.4.2 Business Strategy Excellence (25) Companies
     10.5 Competitive Scenario
             10.5.1 Product Launches and Developments
             10.5.2 Partnerships, Collaborations, Contracts, and Agreements
             10.5.3 Mergers and Acquisitions
             10.5.4 Expansions

11 Company Profiles (Page No. - 144)
     11.1 Honeywell International
             11.1.1 Business Overview
             11.1.2 Products Offered
             11.1.3 Recent Developments
             11.1.4 MnM View
                        11.1.4.1 SWOT Analysis
     11.2 Siemens AG
             11.2.1 Business Overview
             11.2.2 Products and Services Offered
             11.2.3 Recent Developments
             11.2.4 MnM View
     11.3 Johnson Controls International
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 MnM View
                        11.3.4.1 SWOT Analysis
     11.4 Schneider Electric
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 MnM View
                        11.4.4.1 SWOT Analysis
     11.5 United Technologies Corp.
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 MnM View
                        11.5.4.1 SWOT Analysis
     11.6 Robert Bosch GmbH
             11.6.1 Business Overview
             11.6.2 Products and Services Offered
             11.6.3 Recent Developments
             11.6.4 MnM View
     11.7 Legrand SA
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments
             11.7.4 MnM View
     11.8 Hubbell Inc.
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
             11.8.4 MnM View
     11.9 ABB Ltd.
             11.9.1 Business Overview
             11.9.2 Products Offered
             11.9.3 Recent Developments
             11.9.4 MnM View
     11.10 Ingersoll-Rand PLC
             11.10.1 Business Overview
             11.10.2 Products and Solutions
             11.10.3 Recent Developments
             11.10.4 MnM View
     11.11 Other Key Companies
             11.11.1 Lutron Electronics Co.
             11.11.2 Crestron Electronics, Inc.
             11.11.3 Buildingiq
             11.11.4 Hitachi, Ltd.
             11.11.5 Delta Controls
             11.11.6 Beckhoff Automation GmbH
             11.11.7 Control4
             11.11.8 Lennox International
             11.11.9 General Electric
             11.11.10 Distech Controls

12 Appendix (Page No. - 207)
     12.1 Insights of Industry Experts
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (80 Tables)

Table 1 BAS Market for Facility Management Systems, By Communication Technology, 2016–2024 (USD Billion)
Table 2 BAS Market, By Offering, 2016–2024 (USD Billion)
Table 3 Facility Management System Market, By Type, 2016–2024 (USD Billion)
Table 4 Facility Management System Market, By Application, 2016–2024 (USD Billion)
Table 5 Facility Management System Market for Lighting Controls, By Component, 2016–2024 (USD Billion)
Table 6 Facility Management System Market for Lighting Controls, By Application, 2016–2024 (USD Billion)
Table 7 Facility Management System Market for Lighting Controls, By Region, 2016–2024 (USD Billion)
Table 8 Lighting Control System Market for Occupancy Sensors, By Application, 2016–2024 (USD Billion)
Table 9 Lighting Control System Market for Daylight Sensors, By Application, 2016–2024 (USD Billion)
Table 10 Lighting Control System Market for Relays, By Application, 2016–2024 (USD Million)
Table 11 Lighting Control System Market for Timers, By Application, 2016–2024 (USD Million)
Table 12 Lighting Control System Market for Dimming Actuators, By Application, 2016–2024 (USD Million)
Table 13 Lighting Control System Market for Switch Actuators, By Application, 2016–2024 (USD Million)
Table 14 Lighting Control System Market for Blind/Shutter Actuators, By Application, 2016–2024 (USD Million)
Table 15 Lighting Control System Market for Transmitters, By Application, 2016–2024 (USD Million)
Table 16 Lighting Control System Market for Receivers, By Application, 2016–2024 (USD Million)
Table 17 Facility Management System Market for HVAC Controls, By Component, 2016–2024 (USD Billion)
Table 18 Facility Management System Market for HVAC Controls, By Application, 2016–2024 (USD Billion)
Table 19 Facility Management System Market for HVAC Controls, By Region, 2016–2024 (USD Billion)
Table 20 HVAC Control System Market for Sensors, By Application, 2016–2024 (USD Million)
Table 21 HVAC Control System Market for Smart Thermostats, By Application, 2016–2024 (USD Million)
Table 22 HVAC Control System Market for Control Valves, By Application, 2016–2024 (USD Million)
Table 23 HVAC Control System Market for Heating and Cooling Coils, By Application, 2016–2024 (USD Million)
Table 24 HVAC Control System Market for Dampers, By Application, 2016–2024 (USD Million)
Table 25 HVAC Control System Market for Actuators, By Application, 2016–2024 (USD Million)
Table 26 HVAC Control System Market for Pumps and Fans, By Application, 2016–2024 (USD Billion)
Table 27 HVAC Control System Market for Smart Vents, By Application, 2016–2024 (USD Million)
Table 28 Security and Access Control System Market, By Type, 2016–2024 (USD Billion)
Table 29 Security and Access Control System Market, By Application, 2016–2024 (USD Billion)
Table 30 Security and Access Control System Market, By Region, 2016–2024 (USD Billion)
Table 31 Video Surveillance System Market, By Offering, 2016–2024 (USD Billion)
Table 32 Video Surveillance System Market, By Application, 2016–2024 (USD Billion)
Table 33 Video Surveillance System Market for Hardware, By Product Type, 2016–2024 (USD Billion)
Table 34 Biometric System Market, By Application, 2016–2024 (USD Billion)
Table 35 Fire Protection System Market, By Offering, 2016–2024 (USD Billion)
Table 36 Fire Protection System Market, By Application, 2016–2024 (USD Billion)
Table 37 Fire Protection System Market, By Region, 2016–2024 (USD Billion)
Table 38 Fire Protection System Market for Sensors and Detectors, By Application, 2016–2024 (USD Billion)
Table 39 Fire Protection System Market for Fire Sprinklers, By Application, 2016–2024 (USD Billion)
Table 40 Fire Protection System Market for Fire Alarms, By Application, 2016–2024 (USD Million)
Table 41 Fire Protection System Market for Emergency Lighting, Voice Evacuation, and Public Alert Devices, By Application, 2016–2024 (USD Million)
Table 42 Building Energy Management Software Market, By Application, 2016–2024 (USD Million)
Table 43 Building Energy Management Software Market, By Region, 2016–2024 (USD Million)
Table 44 BAS Service Market, By Application, 2016–2024 (USD Billion)
Table 45 BAS Service Market, By Region, 2016–2024 (USD Billion)
Table 46 BAS Market for Other Offerings, By Application, 2016–2024 (USD Million)
Table 47 BAS Market for Other Controls, By Region, 2016–2024 (USD Million)
Table 48 BAS Market, By Application, 2016–2024 (USD Billion)
Table 49 BAS Market for Residential Application, By Offering, 2016–2024 (USD Billion)
Table 50 BAS Market for Commercial Application, By Offering, 2016–2024 (USD Billion)
Table 51 BAS Market for Industrial Application, By Offering, 2016–2024 (USD Billion)
Table 52 BAS Market, By Region, 2016–2024 (USD Billion)
Table 53 BAS Market in North America, By Country, 2016–2024 (USD Billion)
Table 54 BAS Market in North America, By Offering, 2016–2024 (USD Billion)
Table 55 BAS Market in Us, By Application, 2016–2024 (USD Billion)
Table 56 BAS Market in Canada, By Application, 2016–2024 (USD Billion)
Table 57 BAS Market in Mexico, By Application, 2016–2024 (USD Billion)
Table 58 BAS Market in Europe, By Country, 2016–2024 (USD Billion)
Table 59 BAS Market in Europe, By Offering, 2016–2024 (USD Billion)
Table 60 BAS Market in Uk, By Application, 2016–2024 (USD Billion)
Table 61 BAS Market in Germany, By Application, 2016–2024 (USD Billion)
Table 62 BAS Market in France, By Application, 2016–2024 (USD Billion)
Table 63 BAS Market in Italy, By Application, 2016–2024 (USD Billion)
Table 64 BAS Market in RoE, By Application, 2016–2024 (USD Billion)
Table 65 BAS Market in APAC, By Country, 2016–2024 (USD Billion)
Table 66 BAS Market in APAC, By Offering, 2016–2024 (USD Billion)
Table 67 BAS Market in China, By Application, 2016–2024 (USD Billion)
Table 68 BAS Market in Japan, By Application, 2016–2024 (USD Billion)
Table 69 BAS Market in India, By Application, 2016–2024 (USD Billion)
Table 70 BAS Market in South Korea, By Application, 2016–2024 (USD Million)
Table 71 BAS Market in Rest of APAC, By Application, 2016–2024 (USD Billion)
Table 72 BAS Market in RoW, By Region, 2016–2024 (USD Billion)
Table 73 BAS Market in RoW, By Offering, 2016–2024 (USD Million)
Table 74 BAS Market in South America, By Application, 2016–2024 (USD Billion)
Table 75 BAS Market in Middle East and Africa, By Application, 2016–2024 (USD Billion)
Table 76 Top 5 Players in the BAS Market, 2018
Table 77 Product Launches and Developments (2015–2018)
Table 78 Partnerships, Collaborations, Contracts, and Agreements (2016–2018)
Table 79 Mergers and Acquisitions (2015–2018)
Table 80 Expansions (2018)


List of Figures (54 Figures)

Figure 1 Markets Covered
Figure 2 BAS Market: Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Data Triangulation
Figure 5 Process Flow of Market Size Estimation
Figure 6 BAS Market Size Analysis (2016–2024)
Figure 7 Building Energy Management Software to Exhibit Highest CAGR in BAS Market During Forecast Period
Figure 8 Commercial Application to Hold Largest Share of BAS Market, By 2024
Figure 9 BAS Market, By Region, 2018
Figure 10 Increasing Demand for Energy-Efficient Systems Drives BAS Market Growth
Figure 11 APAC Held Largest Share of Market for Security & Access Control Systems in 2018
Figure 12 Commercial Application to Hold Largest Size of BAS Market During Forecast Period
Figure 13 Security & Access Control Systems and China Held Largest Share of BAS Market in APAC, Based on Offering and Country, Respectively, in 2018
Figure 14 US Accounted for the Largest Share of Global BAS Market in 2018
Figure 15 Value Chain Analysis of BAS
Figure 16 High Focus on Designing and Establishing Energy-Efficient and Eco-Friendly Buildings and Several Benefits of BAS Drives the Market
Figure 17 Wireless Communication Technologies Expected to Dominate Market for Facility Management Systems From 2019 to 2024
Figure 18 Enocean Frequency Bands
Figure 19 Security and Access Control Systems to Hold Largest Size of BAS Market, Based on Offerings, From 2019 to 2024
Figure 20 Facility Management System Market
Figure 21 APAC to Witness Highest CAGR in Facility Management System Market for Lighting Controls From 2019 to 2024
Figure 22 Commercial Application Expected to Hold Largest Size of Lighting Control System Market for Dimming Actuators From 2019 to 2024
Figure 23 Industrial Application Expected to Witness Highest CAGR in Facility Management System Market for HVAC Controls From 2019 to 2024
Figure 24 Industrial Application to Witness Highest CAGR in HVAC Control System Market for Dampers During Forecast Period
Figure 25 Biometric Systems Expected to Command Market for Security and Access Control Systems From 2019 to 2024
Figure 26 Fire Sprinklers Expected to Account for Largest Size of Fire Protection System Market During Forecast Period
Figure 27 APAC to Lead BAS Market for Building Energy Management Software During Forecast Period
Figure 28 Commercial Application Expected to Hold Largest Size of BAS Market From 2019 to 2024
Figure 29 Lighting Control Systems to Witness Highest CAGR in BAS Market for Commercial Application During Forecast Period
Figure 30 APAC to Exhibit Highest CAGR in BAS Market During Forecast Period
Figure 31 Snapshot of BAS Market in North America
Figure 32 Commercial Application Expected to Hold Largest Size of Canadian BAS Market During Forecast Period
Figure 33 Snapshot of BAS Market in Europe
Figure 34 BAS Market in Germany for Industrial Applications Expected to Grow at Highest Rate From 2019 to 2024
Figure 35 Snapshot of BAS Market in APAC
Figure 36 Commercial Application Expected to Hold Largest Size of BAS Market in India During Forecast Period
Figure 37 South America Expected to Grow at Highest CAGR From 2019 to 2024
Figure 38 Companies Adopted Product Launches as Key Growth Strategies During 2015–2018
Figure 39 BAS Market (Global) Competitive Leadership Mapping, 2018
Figure 40 Honeywell International: Company Snapshot
Figure 41 Honeywell International Inc.: SWOT Analysis
Figure 42 Siemens AG: Company Snapshot
Figure 43 Siemens AG: SWOT Analysis
Figure 44 Johnson Controls International: Company Snapshot
Figure 45 Johnson Controls International: SWOT Analysis
Figure 46 Schneider Electric: Company Snapshot
Figure 47 Schneider Electric Se: SWOT Analysis
Figure 48 United Technologies Corp.: Company Snapshot
Figure 49 United Technologies Corp.: SWOT Analysis
Figure 50 Robert Bosch GmbH: Company Snapshot
Figure 51 Legrand SA: Company Snapshot
Figure 52 Hubbell Inc.: Company Snapshot
Figure 53 ABB Ltd.: Company Snapshot
Figure 54 Ingersoll-Rand PLC: Company Snapshot

The study involved 4 major activities in estimating the current market size for building automation systems (BAS). Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two basic sources of information secondary and primary have been used to identify and collect information for an extensive technical and commercial study of the BAS market.

Secondary Research

Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Primary sources mainly consist of several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, technology developers, alliances, standards, and certification organizations related to various segments of this industry’s value chain. They have been interviewed to understand, obtain, and verify critical information, as well as assess future market trends and prospects. Key players in the BAS market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This research involves the study of the annual reports of market players for the identification of the top players and interviews with key opinion leaders such as CEOs and directors.

The breakdown of primary respondents is provided below.

Building Automation Systems Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the BAS market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:

  • Major players in the industry and markets have been identified through extensive secondary research.
  • The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the building automation system (BAS) market, in terms of value, segmented on the basis of communication technology, offering, application, and region
  • To describe and forecast the market, in terms of value, for various segments with regard to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the BAS market
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To provide a detailed overview of the BAS value chain
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the BAS market
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments such as partnerships, mergers and acquisitions, product launches, and expansions in the BAS market

Scope of the Report

Report Metric

Details

Market Size Available for Years

2016–2024

Base Year

2018

Forecast Period

2019–2024

Units

Value (USD Million/Billion)

Segments Covered

Communication Technology, Offering, and Application

Geographic Regions Covered

North America, APAC, Europe, and RoW

Companies Covered

Major Players: Honeywell International (US), Siemens AG (Germany), Johnson Controls International (Ireland), Schneider Electric (France), United Technologies Corp. (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), and Ingersoll-Rand (Ireland)

This research report categorizes the BAS market by communication technology, offering, application, and region.

BAS Market, by Communication Technology:

  • Wired Technology
  • Wireless Technology

BAS Market, by Offering:

  • Facility Management Systems
  • Security & Access Control Systems
  • Fire Protection Systems
  • Building Energy Management Software
  • BAS Services
  • Others (Gateways, HMI Screens, Smart Plugs, Smart Hubs, and Smart Locks)

BAS Market, Application:

  • Residential
  • Commercial
  • Industrial

BAS Market, by Region:

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

Available Customizations:

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Geographic Analysis

  • Further country-wise breakdown of the market in APAC based on application

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)
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