Product Code: PMRREP12823
Persistence Market Research has recently published an in-depth report on the global Building Automation Systems Market, offering a comprehensive analysis of key market dynamics, including drivers, trends, opportunities, and challenges. The report provides detailed insights into the market structure and future projections.
Key Insights:
- Building Automation Systems Market Size (2024E): USD 118.6 bn
- Projected Market Value (2033F): USD 304.3 Bn
- Global Market Growth Rate (CAGR 2024 to 2033): 11.0%
Building Automation Systems Market - Report Scope:
Building automation systems (BAS) are increasingly being adopted across commercial, residential, and industrial sectors to enhance operational efficiency, reduce energy consumption, and improve the overall security and comfort of buildings. These systems integrate advanced control technologies to automate various building functions, such as HVAC, lighting, and security systems, driving the demand for intelligent building solutions globally. The market is propelled by the growing emphasis on energy efficiency, smart building technologies, and regulatory standards promoting green buildings.
Market Growth Drivers:
The global market for building automation systems is primarily driven by the rising need for energy-efficient solutions and smart building initiatives across developed and developing nations. Increasing government regulations focused on reducing carbon footprints, along with the rising adoption of IoT technologies in building infrastructure, are contributing significantly to market growth. Additionally, advancements in wireless communication technologies and the increasing demand for enhanced security and occupant comfort in buildings are accelerating the deployment of BAS.
Market Restraints:
Despite the promising growth, the building automation systems market faces several challenges. High installation and maintenance costs of these systems can deter small-scale businesses and residential users from adopting advanced BAS solutions. Furthermore, the complexity of system integration and the lack of skilled professionals to manage and operate automated systems are notable barriers to market expansion.
Market Opportunities:
The building automation systems market offers significant growth opportunities, particularly in emerging economies, where the demand for smart and sustainable building technologies is on the rise. The development of cost-effective, scalable solutions for smaller buildings and the integration of AI and machine learning into BAS to optimize building performance represent potential areas for growth. Additionally, the shift towards smart cities and the increasing adoption of cloud-based solutions for building management are creating new opportunities for market players.
Key Questions Answered in the Report:
- What are the main factors driving the global building automation systems market?
- Which regions and industries are witnessing the highest adoption of BAS?
- How are technological advancements in automation shaping the competitive landscape?
- Who are the leading players in the building automation systems market, and what strategies are they employing to stay competitive?
- What are the emerging trends and future growth prospects in the global building automation systems market?
Competitive Intelligence and Business Strategy:
Leading players in the global building automation systems market, such as Siemens AG, Schneider Electric, and Johnson Controls, are focusing on innovation, strategic collaborations, and expanding their product portfolios to maintain their competitive edge. These companies are investing heavily in R&D to develop cutting-edge solutions that meet evolving customer demands. Strategic partnerships with construction companies and real estate developers are crucial for market penetration. Furthermore, the growing emphasis on sustainability and energy management is pushing companies to continuously improve their offerings to meet stringent industry standards, ensuring long-term growth in the building automation systems market.
Key Companies Profiled:
- Siemens AG
- Honeywell International Inc.
- Ingersoll-Rand Plc.
- Philips Lighting Holding B.V.
- United Technologies
- Lennox international
- Rheem Manufacturing Company
- General Electric
- Bosch Security Systems (Bosch Sicherheitssysteme GmbH)
- Schneider Electric
- Legrand
- Cisco Systems, Inc.
Key Segments of Building Automation Systems Market Research
By System:
- Security and Surveillance
- HVAC
- Lighting Solutions
- Building Energy Management
By Application:
- Commercial
- Residential
- Government
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.2. System Innovation / Development Trends
4. Pricing Analysis
- 4.1. Pricing Analysis, By Building Automation Systems
- 4.2. Average Pricing Analysis Benchmark
5. Global Building Automation Systems Market Demand (Value in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033
- 5.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
- 5.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
- 5.2.1. Y-o-Y Growth Trend Analysis
- 5.2.2. Absolute $ Opportunity Analysis
6. Market Background
- 6.1. Macro-Economic Factors
- 6.2. Forecast Factors - Relevance & Impact
- 6.3. Value Chain
- 6.4. COVID-19 Crisis - Impact Assessment
- 6.4.1. Current Statistics
- 6.4.2. Short-Mid-Long Term Outlook
- 6.4.3. Likely Rebound
- 6.5. Market Dynamics
- 6.5.1. Drivers
- 6.5.2. Restraints
- 6.5.3. Opportunities
7. Global Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033, by System
- 7.1. Introduction / Key Findings
- 7.2. Historical Market Size (US$ Bn) Analysis By System, 2019-2023
- 7.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By System, 2024-2033
- 7.3.1. Security & Surveillance
- 7.3.2. HVAC
- 7.3.3. Lighting Solutions
- 7.3.4. Building Energy Management
- 7.3.5. Others
- 7.4. Market Attractiveness Analysis By System
8. Global Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033, by Application
- 8.1. Introduction / Key Findings
- 8.2. Historical Market Size (US$ Bn) Analysis By Application, 2019-2023
- 8.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By Application, 2024-2033
- 8.3.1. Commercial
- 8.3.2. Residential
- 8.3.3. Government
- 8.3.4. Others
- 8.4. Market Attractiveness Analysis By Application
9. Global Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033, by Region
- 9.1. Introduction / Key Findings
- 9.2. Historical Market Size (US$ Bn) Analysis By Region, 2019-2023
- 9.3. Current and Future Market Size (US$ Bn) Analysis and Forecast By Region, 2024-2033
- 9.3.1. North America
- 9.3.2. Latin America
- 9.3.3. Europe
- 9.3.4. East Asia
- 9.3.5. South Asia Pacific
- 9.3.6. Middle East and Africa
- 9.4. Market Attractiveness Analysis By Region
10. North America Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033
- 10.1. Introduction
- 10.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 10.3. Current and Future Market Size (US$ Bn) Forecast By Market Taxonomy, 2024-2033
- 10.3.1. By System
- 10.3.2. By Application
- 10.3.3. By Country
- 10.3.3.1. U.S.
- 10.3.3.2. Canada
- 10.4. Market Attractiveness Analysis
- 10.4.1. By System
- 10.4.2. By Application
- 10.4.3. By Country
- 10.5. Market Trends
- 10.6. Key Market Participants - Intensity Mapping
11. Latin America Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033
- 11.1. Introduction
- 11.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 11.3. Current and Future Market Size (US$ Bn) Forecast By Market Taxonomy, 2024-2033
- 11.3.1. By System
- 11.3.2. By Application
- 11.3.3. By Country
- 11.3.3.1. Brazil
- 11.3.3.2. Mexico
- 11.3.3.3. Rest of Latin America
- 11.4. Market Attractiveness Analysis
- 11.4.1. By System
- 11.4.2. By Application
- 11.4.3. By Country
12. Europe Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 12.3. Current and Future Market Size (US$ Bn) Forecast By Market Taxonomy, 2024-2033
- 12.3.1. By System
- 12.3.2. By Application
- 12.3.3. By Country
- 12.3.3.1. Germany
- 12.3.3.2. Italy
- 12.3.3.3. France
- 12.3.3.4. U.K.
- 12.3.3.5. Spain
- 12.3.3.6. BENELUX
- 12.3.3.7. Russia
- 12.3.3.8. Rest of Europe
- 12.4. Market Attractiveness Analysis
- 12.4.1. By System
- 12.4.2. By Application
- 12.4.3. By Country
13. South Asia & Pacific Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 13.3. Current and Future Market Size (US$ Bn) Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By System
- 13.3.2. By Application
- 13.3.3. By Country
- 13.3.3.1. India
- 13.3.3.2. Indonesia
- 13.3.3.3. Malaysia
- 13.3.3.4. Singapore
- 13.3.3.5. Australia & New Zealand
- 13.3.3.6. Rest of South Asia and Pacific
- 13.4. Market Attractiveness Analysis
- 13.4.1. By System
- 13.4.2. By Application
- 13.4.3. By Country
14. East Asia Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033
- 14.1. Introduction
- 14.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 14.3. Current and Future Market Size (US$ Bn) Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By System
- 14.3.2. By Application
- 14.3.3. By Country
- 14.3.3.1. China
- 14.3.3.2. Japan
- 14.3.3.3. South Korea
- 14.4. Market Attractiveness Analysis
- 14.4.1. By System
- 14.4.2. By Application
- 14.4.3. By Country
15. Middle East and Africa Building Automation Systems Market Analysis 2019-2023 and Forecast 2024-2033
- 15.1. Introduction
- 15.2. Historical Market Size (US$ Bn) Trend Analysis By Market Taxonomy, 2019-2023
- 15.3. Current and Future Market Size (US$ Bn) Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By System
- 15.3.2. By Application
- 15.3.3. By Country
- 15.3.3.1. GCC Countries
- 15.3.3.2. Turkey
- 15.3.3.3. South Africa
- 15.3.3.4. Rest of Middle East and Africa
- 15.4. Market Attractiveness Analysis
- 15.4.1. By System
- 15.4.2. By Application
- 15.4.3. By Country
16. Key Countries Analysis- Building Automation Systems Market
- 16.1. U.S. Building Automation Systems Market Analysis
- 16.1.1. By System
- 16.1.2. By Application
- 16.2. Canada Building Automation Systems Market Analysis
- 16.2.1. By System
- 16.2.2. By Application
- 16.3. Mexico Building Automation Systems Market Analysis
- 16.3.1. By System
- 16.3.2. By Application
- 16.4. Brazil Building Automation Systems Market Analysis
- 16.4.1. By System
- 16.4.2. By Application
- 16.5. Germany Building Automation Systems Market Analysis
- 16.5.1. By System
- 16.5.2. By Application
- 16.6. Italy Building Automation Systems Market Analysis
- 16.6.1. By System
- 16.6.2. By Application
- 16.7. France Building Automation Systems Market Analysis
- 16.7.1. By System
- 16.7.2. By Application
- 16.8. U.K. Building Automation Systems Market Analysis
- 16.8.1. By System
- 16.8.2. By Application
- 16.9. Spain Building Automation Systems Market Analysis
- 16.9.1. By System
- 16.9.2. By Application
- 16.10. BENELUX Building Automation Systems Market Analysis
- 16.10.1. By System
- 16.10.2. By Application
- 16.11. Russia Building Automation Systems Market Analysis
- 16.11.1. By System
- 16.11.2. By Application
- 16.12. Rest of Europe Building Automation Systems Market Analysis
- 16.12.1. By System
- 16.12.2. By Application
- 16.13. China Building Automation Systems Market Analysis
- 16.13.1. By System
- 16.13.2. By Application
- 16.14. Japan Building Automation Systems Market Analysis
- 16.14.1. By System
- 16.14.2. By Application
- 16.15. South Korea Building Automation Systems Market Analysis
- 16.15.1. By System
- 16.15.2. By Application
- 16.16. India Building Automation Systems Market Analysis
- 16.16.1. By System
- 16.16.2. By Application
- 16.17. Malaysia Building Automation Systems Market Analysis
- 16.17.1. By System
- 16.17.2. By Application
- 16.18. Indonesia Building Automation Systems Market Analysis
- 16.18.1. By System
- 16.18.2. By Application
- 16.19. Singapore Building Automation Systems Market Analysis
- 16.19.1. By System
- 16.19.2. By Application
- 16.20. Australia and New Zealand Building Automation Systems Market Analysis
- 16.20.1. By System
- 16.20.2. By Application
- 16.21. GCC Countries Building Automation Systems Market Analysis
- 16.21.1. By System
- 16.21.2. By Application
- 16.22. Turkey Building Automation Systems Market Analysis
- 16.22.1. By System
- 16.22.2. By Application
- 16.23. South Africa Building Automation Systems Market Analysis
- 16.23.1. By System
- 16.23.2. By Application
- 16.24. Rest of Middle East and Africa Building Automation Systems Market Analysis
- 16.24.1. By System
- 16.24.2. By Application
17. Market Structure Analysis
- 17.1. Market Analysis by Tier of Companies
- 17.2. Market Share Analysis of Top Players
- 17.3. Market Presence Analysis
18. Competition Analysis
- 18.1. Competition Dashboard
- 18.2. Competition Benchmarking
- 18.3. Competition Deep Dive
- 18.3.1. Siemens AG
- 18.3.1.1. Business Overview
- 18.3.1.2. Product Portfolio
- 18.3.1.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.1.4. Key Strategy & Developments
- 18.3.2. Honeywell International Inc.
- 18.3.2.1. Business Overview
- 18.3.2.2. Product Portfolio
- 18.3.2.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.2.4. Key Strategy & Developments
- 18.3.3. Ingersoll-Rand Plc.
- 18.3.3.1. Business Overview
- 18.3.3.2. Product Portfolio
- 18.3.3.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.3.4. Key Strategy & Developments
- 18.3.4. Philips Lighting Holding B.V.
- 18.3.4.1. Business Overview
- 18.3.4.2. Product Portfolio
- 18.3.4.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.4.4. Key Strategy & Developments
- 18.3.5. United Technologies
- 18.3.5.1. Business Overview
- 18.3.5.2. Product Portfolio
- 18.3.5.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.5.4. Key Strategy & Developments
- 18.3.6. Lennox international
- 18.3.6.1. Business Overview
- 18.3.6.2. Product Portfolio
- 18.3.6.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.6.4. Key Strategy & Developments
- 18.3.7. Rheem Manufacturing Company
- 18.3.7.1. Business Overview
- 18.3.7.2. Product Portfolio
- 18.3.7.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.7.4. Key Strategy & Developments
- 18.3.8. General Electric
- 18.3.8.1. Business Overview
- 18.3.8.2. Product Portfolio
- 18.3.8.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.8.4. Key Strategy & Developments
- 18.3.9. Bosch Security Systems (Bosch Sicherheitssysteme GmbH)
- 18.3.9.1. Business Overview
- 18.3.9.2. Product Portfolio
- 18.3.9.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.9.4. Key Strategy & Developments
- 18.3.10. Schneider Electric
- 18.3.10.1. Business Overview
- 18.3.10.2. Product Portfolio
- 18.3.10.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.10.4. Key Strategy & Developments
- 18.3.11. Legrand
- 18.3.11.1. Business Overview
- 18.3.11.2. Product Portfolio
- 18.3.11.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.11.4. Key Strategy & Developments
- 18.3.12. Cisco Systems, Inc.
- 18.3.12.1. Business Overview
- 18.3.12.2. Product Portfolio
- 18.3.12.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.12.4. Key Strategy & Developments
- 18.3.13. Others
- 18.3.13.1. Business Overview
- 18.3.13.2. Product Portfolio
- 18.3.13.3. Profitability by Market Segments (Business Segments/Region)
- 18.3.13.4. Key Strategy & Developments
19. Assumptions and Acronyms Used
20. Research Methodology