Building Automation System Market

Johnson Controls (Ireland), Carrier (US) and Honeywell International (US) are leading players in Building Automation Systems Market

Building automation systems are used to automate and control heating, ventilation, and air-conditioning systems; lighting systems; and other systems installed in buildings to increase the comfort, safety, security, and convenience of occupants and make buildings energy-efficient.

The building automation system market is consolidated, with APAC being the leading region in this market. The major players operating in building automation system market are Johnson Controls (Ireland), Schneider Electric (France), Carrier (US), Siemens AG (Germany), and Honeywell International (US). Strong distribution networks, diverse product portfolios, and a strong brand image are some of the reasons for the large shares of these companies in the overall building automation system market. The global building automation system market size is projected to grow from USD 73.5 billion in 2021 to USD 112.1 billion by 2026.

Johnson Controls (Ireland), Schneider Electric (France), Carrier (US), Siemens AG (Germany), and Honeywell International (US) are the leading players in the building automation system market.

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Honeywell International (Ireland)

Honeywell International is a Fortune 100 company that develops technologies for addressing critical challenges related to energy, safety, and security applications. It is a leading global provider of products, software, solutions, and technologies that help homeowners to stay connected and in control of their comfort, security, and energy consumption. Honeywell International operates through four business segments—Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company sells building automation systems through its Honeywell Building Technologies and Safety and Productivity Solutions business segments. Through these two segments, it offers products and services such as controls and displays for heating, cooling, indoor air quality maintenance; ventilation; humidification; combustion; lighting; and home automation applications.

Johnson Controls (US)

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. 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.

Carrier (US)

Carrier is a leading provider of heating, ventilating, air conditioning (HVAC), refrigeration, fire, security, and building automation products, solutions, and services. Carrier used to operate as a part of United Technologies Corporation; however, in March 2020, it was set up as an independent company. Carrier operates through 3 business segments—HVAC, Refrigeration, and Fire & Security. The products and services related to building management systems offered by the company are used by governments, financial institutions, architects, building owners and developers, security and fire consultants, homeowners, etc., that require a high level of security and fire protection for their businesses and residences.

Other companies involved in the building automation system market are Schneider Electric (France), Siemens AG (Germany), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), and Trane Technologies (Ireland).

Related Reports:

Building Automation System Market with COVID-19 Impact by Communication Technology, Offering (Facility Management Systems, Security and Access Controls, and Fire Protection Systems), Application, Region - Global Forecast to 2026

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Report Code
SE 2966
RI Published ON
2/25/2021
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