The building automation system market is projected to reach USD 148.6 billion by 2027 from USD 86.8 billion in 2022; it is expected to grow at a CAGR of 11.4% from 2022 to 2027. The combination of IoT and building automation has enabled the exchange of information among several electronic devices and the cloud without the need for direct human intervention that makes buildings smart. This factor has also accelerated the growth of the building automation system market. However, the key restraints faced by the companies operating in this market include the false notion about the high installation costs of building automation systems and technical difficulties in their deployment. The increasing global concerns for energy conservation and the rising energy costs are fueling the demand for building automation systems for making buildings energy efficient. This is one of the key factors driving the growth of the building automation system market. Building automation is an easy way of controlling and monitoring systems installed in buildings. These systems include facility management systems, security and access controls, and fire and life safety alarms. Building automation helps reduce energy consumption in buildings, enhances the comfort level of occupants, and manages building operations effectively. The growth of the building automation system market is fueled by the increasing requirement for energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have reduced the complexity and the cost of installing building automation systems in the existing buildings. . Automation systems reduce building energy and maintenance costs. Almost all multi-story green buildings are designed to accommodate a BAS for energy, air, and water conservation. Most green buildings also use as many low-power DC devices as possible, typically integrated with power over Ethernet wiring. Even a piassavas design intended to consume no net energy whatsoever will typically require a BAS to manage heat capture, shading and venting, and scheduling device use. The increasing global concerns for energy conservation and the rising energy costs are fueling the demand for building automation systems for making buildings energy efficient. This is one of the key factors driving the growth of the building automation system market.
The surging demand for building automation systems for use in commercial applications can be attributed to the ability of these systems to reduce the operating costs of buildings. The easy maintenance of temperature and lighting levels, along with enhanced security levels offered by building automation systems, fuel market growth in North America. The high demand for lighting control systems and security and access control systems in this region has further contributed to the growth of the market in North America. The presence of a number of manufacturers of building automation systems in North America, including Honeywell International (US), Carrier (US), Delta Controls (Canada), and Hubbell (US), also drives the growth of the market in the region.
The prominent players operating in the building automation system market are Honeywell International (US), Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Zurich), Trane Technologies (Ireland), Lutron Electronics (US), Creston Electronics (US), Hitachi (Japan), Delta Controls (Canada), Beckhoff Automation (Germany), Lennox International (US), General Electric (US), Distech Controls (Canada), Dialight PLC (UK), Cisco Systems (US), Rockwell Automation (US), Control4 (US), Signify (Philips Lighting) (Netherlands), Emerson Electric (US), and Leviton Manufacturing Company (US).
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Top 2 Players in Building Automation System market:
Johnson Controls offers security, fire detection, suppression, and life safety products and services. The products of the company are sold under the following brand names: Tyco, Simplex, Grinnell, Sensormatic, Ansul, Simplex, Scott and ADT, Software House, Visonic, Chemguard, and Exacq. In September 2016, the company merged with Tyco to move into the home security system business, with ~56% equity in advanced home security systems. Johnson Controls operates through four major segments—Building Solutions North America, Global Products, Building Solutions Europe, Middle East and Africa (EMEA)/Latin America (LA), and Building Solutions Asia Pacific. The company offers building automation systems through all of its four business segments. Its building automation systems help in connecting commercial HVAC, lighting, and security and protection systems with each other, enabling them to communicate on a single platform to deliver the required information. This helps in saving energy and providing comfort and safety to building occupants. Johnson Controls sells its building automation systems in more than 150 countries, primarily through its extensive global network of sales and service offices, with operations in ~65 countries.
Schneider Electric manufactures industrial engineering equipment, as well as power distribution and automation systems. The company operates through two business segments: Energy Management and Industrial Automation. It operates in four principal markets to cater to the requirements of non-residential and residential buildings, utilities and infrastructures, machine manufacturers, and data centers and networks. Schneider Electric has operations in more than 100 countries across Europe, North America, Asia Pacific, and RoW. It provides hardware, software, and services for energy management and automation. The company offers various building management systems, such as heating, ventilation, and air-conditioning (HVAC) controllers; sensors, valves, and actuators; programmable regulators; centralized building management systems; space optimization solutions; access control solutions; video cameras and security monitoring equipment; and power monitoring and control software, through its Energy Management segment.
Building Automation System Market by Offering (Facility Management Systems, Security & Access Controls, Fire Protection Systems, BEM Software, BAS Services), Communication Technology (Wireless, Wired), Application and Region - Global Forecast to 2027
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