Building Automation System Market

Building Automation System Companies - Honeywell International Inc. (US) and Siemens (Germany) are the Key Players

The building automation system market 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. The major players in the building automation system market includes 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).

Johnson Controls

Johnson Controls is a prominent global player in the smart building industry, committed to crafting secure, environmentally friendly spaces. With a rich history spanning nearly 140 years, they've consistently aimed to improve building environments. Today, they're at the forefront of a new transformation, harnessing their acclaimed digital technologies and services. Johnson Controls uses artificial intelligence and data-driven solutions to provide deep insights into a building's well-being, sustainability, and performance. This groundbreaking approach is revolutionizing the design, operation, and maintenance of indoor spaces, ushering in an era of autonomous buildings. They're setting the standard for the future in various sectors like healthcare, education, data centers, airports, sports stadiums, hotels, and manufacturing facilities through OpenBlue, their comprehensive suite of connected solutions.

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Furthermore, Johnson Controls offers a wide array of security, fire detection, suppression, and life safety products and services. In September 2016, the company merged with Tyco to venture into the home security system sector, securing roughly 56% ownership in advanced home security systems.

Johnson Controls operates through four major segments: Building Solutions North America, Global Products, Building Solutions Europe, Middle East, Africa (EMEA)/Latin America (LA), and Building Solutions Asia Pacific. These segments provide building automation systems, facilitating the integration of commercial HVAC, lighting, and security and protection systems on a unified platform for efficient communication and information sharing. This integration not only results in energy savings but also ensures the comfort and safety of building occupants. Johnson Controls distributes its building automation systems in over 150 countries, primarily through a vast global network of sales and service offices, with a presence in 65 countries.

Schneider Electric

Schneider Electric is a prominent manufacturer specializing in industrial engineering equipment, power distribution systems, and automation solutions. The company operates through two primary business segments, namely Energy Management and Industrial Automation. Schneider Electric caters to four key markets, meeting the requirements of non-residential and residential buildings, utilities and infrastructure, machinery manufacturers, as well as data centers and networks. With a global presence across more than 100 countries spanning Europe, North America, Asia Pacific, and the Rest of the World (ROW), the company offers a comprehensive portfolio of hardware, software, and services for energy management and automation. In its Energy Management segment, Schneider Electric provides a wide range of building management systems, encompassing HVAC controllers, sensors, valves, actuators, programmable regulators, centralized building management systems, space optimization solutions, access control solutions, video cameras, security monitoring equipment, and power monitoring and control software.

Carrier

Carrier, a prominent player in the realm of heating, ventilation, air-conditioning (HVAC), refrigeration, fire, security, and building automation products, solutions, and services, was formerly a part of United Technologies Corporation (UTC). However, in March 2020, it emerged as an independent entity. With a global presence encompassing 160 countries, Carrier offers an extensive array of building-related services, including evaluations, design, installation, system integration, repairs, maintenance, and monitoring.

Carrier's product portfolio caters to a diverse range of sectors, serving the needs of commercial enterprises, government entities, infrastructure projects, residential properties, refrigeration, and transportation applications. The company's operations revolve around three primary business segments: HVAC, Refrigeration, and Fire & Security. It provides solutions for heating, ventilation, air-conditioning, and refrigeration systems, along with services customized for residential, commercial, industrial, and transportation requirements.

Furthermore, Carrier offers electronic security products such as intrusion alarms, access control systems, and video surveillance systems. The company also designs and manufactures a broad spectrum of fire safety products, encompassing specialized hazard detection and fixed suppression equipment, portable fire extinguishers, fire detection systems, and other firefighting equipment.

Carrier's building management systems and related services find applications across a diverse client base, including governments, financial institutions, architects, property owners and developers, security and fire consultants, and homeowners seeking advanced security and fire protection solutions.

Siemens

Siemens is a preeminent company offering a diverse range of products and services within the realm of electrical engineering and electronics. With a global footprint that spans over 200 countries across the Americas, Europe, Asia Pacific, the Middle East, and Africa, Siemens has not only established production and manufacturing facilities worldwide but has also set up office buildings, warehouses, research and development centers, and sales offices in nearly every region.

The company's operations are organized into six distinct business segments, comprising Digital Industries, Smart Infrastructures, Mobility, Siemens Healthineers, Portfolio Companies, and Siemens Financial Services. Siemens AG, under its Smart Infrastructures business segment, specializes in delivering cutting-edge building automation systems. Their primary focus is on enhancing comfort, operational efficiency, and energy efficiency in buildings and infrastructure, all while ensuring robust fire safety and security measures. Siemens is at the forefront of the digital transformation of buildings, offering products and services built on open standards and leveraging building information modeling (BIM). The company leads the charge in automation technologies and digital services to create secure, efficient, and smart buildings and infrastructure.

Within the Smart Infrastructures segment, Siemens provides a wide array of products, services, and solutions related to building automation, as well as fire safety and security. The company serves a broad spectrum of customers, including owners, operators, and tenants of public and commercial buildings, general contractors, and value-added partners. Siemens boasts several subsidiaries, including Siemens LLC (UAE), Siemens Healthcare GmbH (Germany), Siemens Mobility (Australia), Siemens Health Care LLC (USA), Siemens Power Generation Service Company, Ltd. (UK), Siemens Limited (Ireland), and Siemens Industry Software (Italy).

Honeywell International Inc.

Honeywell International Inc. is a distinguished Fortune 100 corporation renowned for its innovation in addressing critical challenges related to energy, safety, and security applications. The company occupies a prominent global position as a provider of an extensive portfolio of products, software, solutions, and technologies that empower homeowners to exert control over their comfort, security, and energy consumption. Furthermore, Honeywell's technologies play an essential role in aiding commercial building owners and occupants in the pursuit of ensuring that their facilities are secure, energy-efficient, sustainable, and productive.

Honeywell International operates through four strategic business segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company markets cutting-edge building automation systems through its Honeywell Building Technologies and Safety and Productivity Solutions segments. Within these segments, Honeywell offers a comprehensive range of products and services, encompassing controls and displays for managing heating, cooling, indoor air quality, ventilation, humidification, combustion, lighting, and home automation applications. They also provide advanced software applications for optimizing home and building control, in addition to an array of sensors, switches, control systems, and instruments for measuring factors like pressure, air flow, temperature, and electrical current within buildings.

Honeywell International is deeply engaged in delivering products, services, and solutions tailored for the measurement, regulation, control, and metering of gases and electricity. The company also actively participates in the development of water metering and communication systems, serving water utilities and industries. Moreover, they offer access control systems, video surveillance solutions, fire protection equipment, and remote patient monitoring systems. Honeywell International also extends its expertise to system installations and maintenance, ensuring that buildings consistently maintain their safety, comfort, and efficiency standards.

Related Reports:

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

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Building Automation System Market Size,  Share & Growth Report
Report Code
SE 2966
RI Published ON
5/23/2022
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