HOME Research Insight Johnson Controls International PLC (Ireland) and Honeywell International Inc. (U.S.) are the leading players in the Building Automation System Market

Johnson Controls International PLC (Ireland) and Honeywell International Inc. (U.S.) are the leading players in the Building Automation System Market

The overall building automation system (BAS) market was valued at USD 53.66 Billion in 2016 and is expected to reach USD 99.11 Billion by 2022, at a CAGR of 10.73% between 2017 and 2022. The growth of this market is driven by the increase in demand for energy-efficient systems, growing need for the automation of security systems in buildings, and advancement of IoT in BAS

The competition in the BAS market is high due to the presence of a large number of players. Some of the key players in the BAS market include Honeywell International Inc. (U.S.), Siemens AG (Germany), Johnson Controls International PLC (Ireland), Schneider Electric SE (France), United Technologies Corp. (U.S.), Robert Bosch GmbH (Germany), Legrand SA (France), Hubbell Inc. (U.S.), ABB Ltd. (Switzerland), Ingersoll-Rand Plc (Ireland), Lutron Electronics Co., Inc. (U.S.), Crestron Electronics, Inc. (U.S.), and BuildingIQ (U.S.), among others.

Johnson Controls International PLC is headquartered in Cork, Ireland, and it employed ~209,000 people as of 2016. The company operates in more than 150 countries across the Americas, Europe, the Middle East and Africa, and APAC. It is one of the leading players in the BAS market. The company has a wide product portfolio pertaining to the BAS market, with products ranging from heating, ventilation, and air conditioning (HVAC) systems to video surveillance systems. Mergers and partnerships were the major strategies adopted by the company in 2016. For instance, in October 2016, the company partnered with the U.S. Department of Homeland Security (DHS), Office of Cybersecurity and Communications to help protect BAS and critical infrastructure from cyber threats. In January 2016, the company entered into a definitive merger agreement with Tyco International PLC. According to this agreement, Johnson Controls combined with Tyco which is a global fire and security provider, to establish a company engaged in building products and technology, integrated solutions, and energy storage solutions. The merger was completed in September 2016 and Johnson Controls International PLC was formed. This merger strengthened the BAS offering portfolio of the company and helped to increase the overall revenue. Also, the revenue of the Building Efficiency segment in Asia increased by 143% in 2016 compared to that of 2015, which resulted in the overall increase of 35% of the revenue generated through Building Efficiency segment between 2015 and 2016.

Honeywell International Inc. was founded in 1906 and is headquartered in New Jersey, U.S. It has a strong presence in the BAS market mainly due to its wide product portfolio consisting of various products and services related to security and fire, buildings controls and software, and mass notification, among others. As of 31 December 2015, the company employed 129,000 people. It provides products, software, and technologies for environmental and energy solutions; sensors, switches, and controls for sensing and productivity solutions; security and fire safety products; industrial safety products; and building solutions and services for homes, commercial buildings, and industrial facilities. The vast product portfolio offered by the company and implementation of the new product launch strategy is helping the company to grow in the BAS market. In June 2016, the company announced a launch of its leading building management system, Enterprise Buildings Integrator (EBI). EBI R500 helps in improving the ability of facility managers to convert the data related to building into actionable insights to deliver real outcomes in real time. Data point capacity, enhanced IT compliance, and cloud and mobile connectivity are the new features of this system.

Related Reports:

Building Automation System Market by Communication Technology (Wired, and Wireless), Offering (Facilities Management Systems, Security & Access Control Systems, and Fire Protection Systems), Application, and Region - Global Forecast to 2022

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