Growing Demand for Energy-Efficient Infrastructure
The growing need to minimize energy consumption in buildings is driving market for building automation systems. Buildings are major energy users, for instance, in the US, commercial and residential buildings consume about 40% of all energy consumed, as stated by the U.S. Energy Information Administration (EIA). BAS maximizes HVAC, lighting, and other systems, which translates to significant energy savings. BAS can cut energy usage by as much as 30% in commercial buildings. This translates directly into reduced operational expenses and a smaller carbon footprint, which is in line with worldwide sustainability objectives and governmental energy efficiency regulations, like India's Energy Conservation Building Code (ECBC).
Exponential Growth of Smart Building and IoT Technologies
Rapid adoption of Internet of Things (IoT) and artificial intelligence (AI) is largely revolutionizing the BAS business model. IoT-enabled devices and sensors provide real-time data gathering and monitoring of occupancy, temperature, lighting levels, and equipment health. When such data is analysed using AI algorithms, predictive maintenance, optimized resource utilization, and autonomous control are possible, resulting in improved building performance and occupant comfort. The global smart building market, being directly related to BAS, is expected to see significant growth, with research indicating a massive increase in smart home device penetration. This technological convergence facilitates enhanced and adaptive building management, promoting an integrated and smart environment.
Growing Use in Retrofit and Renovation Initiatives
Retrofitting current buildings with cutting-edge building automation systems creates ample opportunities for market growth. While new buildings tend to include BAS as part of initial construction, the vast majority of commercial and residential buildings worldwide are not fully automated. With increasing awareness of energy efficiency opportunities and smart technologies, building owners are further investing in retrofitting their aging infrastructure. This is driven by good payback periods for energy savings and tax incentives for green upgrades. The scalable and modular nature of latest BAS solutions means that they can be suitable for a wide range of retrofit applications with staged deployment and minimal disruption, thereby offering a significant untapped market.
Expansion of Integrated Security and Surveillance Solutions
The increasing demand for increased security and surveillance in the commercial and residential spaces offers a lucrative opportunity for BAS market growth. Building automation systems are incorporating sophisticated security features such as biometric access control, video analytics, intrusion detection, and real-time threat monitoring into an integrated platform. Convergence offers an end-to-end approach to building safety and security that includes centralized management and instant response capabilities. With growing safety and asset protection concerns, the need for advanced, integrated security solutions in BAS is on the rise, especially in critical infrastructure, public areas, and corporate facilities.
The following Key Market Indicators present a comprehensive overview of the social and economic landscape of the selected region, offering critical insights into market-specific trends and developments. These indicators, combined with data from government statistics, industry associations, and corporate sources, form the analytical foundation of NextGen Intelligence Stats' market models.
| Aspects | Details |
Base Year
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2024 |
Historic Data
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2021-2023 |
Forecast Period
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2025-2035 |
Regions & Countries Covered
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North America (United States, Canada), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), Asia Pacific (China, Japan, South Korea, India, Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle East& |
Companies Profiles
|
|
Segmentation Level Customization
|
|
Company Level Customization
|
|
Country level Data Customization
|
Segmental volume analysis Pricing Analysis of Product Company Market Share |
November 2024: Lutron Electronics launched the Triathlon Select Roller Shade, an innovation in smart shading for AV professionals. The new product complements Lutron's current range of automated shading products with increased control and effortless integration with other building control systems to enhance residential and commercial space comfort and efficiency.
July 2024: Hitachi released that Hitachi Building Systems Co., Ltd. and Hitachi Lift India Pvt. Ltd. had an order for 56 elevators and escalators for CRC The Flagship in Noida, India. This project represents Hitachi's ongoing participation in large-scale infrastructure development and the integration of their building systems in new smart buildings in the fast-growing Indian market.
July 2024: Robert Bosch Building Technologies introduced a new solution to detect vegetation fires ahead of time, broadening its portfolio of non-traditional building fire safety offerings. This technology takes advantage of Bosch's sensing and analytics expertise to deliver predictive environmental monitoring, demonstrating the wider applicability of building technologies to safety and risk reduction.
June 2024: Crestron added more intelligent video capabilities with the 1 Beyond Cameras 2.0 Firmware Update. The update unlocks intelligent multi-camera switching for up to five 1 Beyond cameras, as well as new tracking capabilities and increased integration with the entire Crestron ecosystem, bolstering video conferencing and collaboration solutions within automated spaces.
The building automation systems market is highly competitive with numerous renowned multinational companies and increasing numbers of specialist technology suppliers. The market is dominated by prominent players like Siemens AG, Johnson Controls, Schneider Electric, and Robert Bosch, who have large product portfolios, technical competence, and worldwide distribution networks. These firms are busy involved in strategic efforts such as mergers and acquisitions, partnerships, and new product launches to increase their market share & solidify their competitive positions. The focus is increasingly toward providing integrated solutions that combine HVAC, lighting, security, and energy management including advanced analytics, AI, and IoT capabilities. Companies are also working towards offering software-as-a-service (SaaS) models and cloud-based offerings in order to give their customers more flexibility, scalability, and remote manageability. Smaller, nimble competitors are differentiating themselves by providing niche solutions or specialist integration offerings, making the market very dynamic. The competitive rivalry is strong, with the constant pressure to innovate in order to address changing customer needs for energy efficiency, cost of operation minimization, and improved occupant comfort.
• Siemens AG
• Johnson Control
• Schneider Electric
• Carrier
• Robert Bosch
• Legrand
• Hubbell
• ABB
• Trane Technologies
• Lutron Electronics
• Creston Electronics
• Hitachi
• Delta Controls
• Beckhoff Automation
• Lennox International
• General Electric
• Distech Controls
• Dialight PLC
• Cisco Systems
• Rockwell Automation
• Control4
• Signify
• Emerson Electric
• Leviton Manufacturing Company
• Others
The Building Automation Systems Market is on a growth path, with the global market expected to escalate to US$ 183.44 billion by 2035, up from US$ 84.77 billion in 2024.The market is predicted to grow at a CAGR of 6.9% over the period.
Building Automation Systems is predicted to grow at a CAGR of 6.9% over the period.
Growing Demand for Energy-Efficient Infrastructure, Exponential Growth of Smart Building and IoT Technologies, Growing Use in Retrofit and Renovation Initiatives, Expansion of Integrated Security and Surveillance Solutions
North America is the largest region in the building automation systems market, accounting for a 34.8% share in 2024.
North America Building Automation Systems Market share, 2024
Source: NextGen Intelligence Stats and Consulting LLP
North America is the largest region in the building automation systems market, accounting for a 34.8% share in 2024. This leadership is chiefly attributed to a technologically advanced infrastructure, strict energy efficiency policies, and enormous investments in smart building programs in the US and Canada. The region has a high installation rate of integrated building management systems among commercial and governmental organizations, driven by the presence of dominant industry players and a mature market for intelligent technologies.
The Asia-Pacific region is emerging as the fastest-growing region in the market, with 9.7% CAGR. This development is being driven by high-speed urbanization, vast infrastructure growth, and rising government programs for promoting smart cities across nations such as China, India, and Japan. India Building Automation System market is projected to grow at a CAGR of 10.4%. The region is experiencing a high demand for new commercial and residential buildings, along with an enhanced concern for the advantages of energy efficiency and heightened security.
1.1. Introduction
1.2. Report Description & Objective
1.3. Years Considered For Study
1.4. Assumption And Limitation
2.1. Data Collection
2.2. Primary Research & Secondary Research
2.3. Bottom-Up Approach & Top-Down Approach
2.4. Market Analysis & Size Estimation
2.5. Quality Check & Final Review
3.1. Report Scope
3.2. Executive Summary
4.1. Top Trends To Watch
4.2. Top Strategies Followed By Key Players
4.3. Top Investment Pockets
5.1. Market Definition
5.2. Market Drivers
5.3. Market Restraints & Challenges
5.4. Market Opportunities
6.1. Porter’s Five Forces’ Analysis
6.2. Value Chain Analysis / Supply Chain Analysis
6.3. PESTLE Analysis
6.4. Regulatory Landscape
6.5. Pricing Analysis
7.1. Global Building Automation Systems Market, By Product
7.2. Global Building Automation Systems Market Attractiveness, By Product
7.2.1. Hardware
7.2.2. Software
7.2.3. Services
8.1. Global Building Automation Systems Market, By System
8.2. Global Building Automation Systems Market Attractiveness, By System
8.2.1. Security & Surveillance Systems
8.2.2. HVAC Systems
8.2.3. Lighting Solutions
8.2.4. Building Energy Management Systems (BEMS)
8.2.5. Others
9.1. Global Building Automation Systems Market, By Application
9.2. Global Building Automation Systems Market Attractiveness, By Application
9.2.1. Commercial Sector
9.2.2. Residential Sector
9.2.3. Government Sector
9.2.4. Others
10.1. Global Building Automation Systems Market, By Geography
10.2. Global Building Automation Systems Market Attractiveness, By Geography
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East & Africa
10.2.5. Latin America
11.1. North America Market Overview, By Countries
11.2. North America Market Overview, By Product
11.3. North America Market Overview, By System
11.4. North America Market Overview, By Application
11.4.1. United States
11.4.2. Canada
12.1. Europe Market Overview, By Countries
12.2. Europe Market Overview, By Product
12.3. Europe Market Overview, By System
12.4. Europe Market Overview, By Application
12.4.1. Germany
12.4.2. France
12.4.3. UK
12.4.4. Italy
12.4.5. Spain
12.4.6. Rest of Europe
13.1. Asia Pacific Market Overview, By Countries
13.2. Asia Pacific Market Overview, By Product
13.3. Asia Pacific Market Overview, By System
13.4. Asia Pacific Market Overview, By Application
13.4.1. India
13.4.2. China
13.4.3. Japan
13.4.4. South Korea
13.4.5. Rest of Asia Pacific
14.1. Middle East & Africa Market Overview, By Countries
14.2. Middle East & Africa Market Overview, By Product
14.3. Middle East & Africa Market Overview, By System
14.4. Middle East & Africa Market Overview, By Application
14.4.1. GCC
14.4.2. South Africa
14.4.3. Rest of Middle East & Africa
15.1. Latin America Market Overview, By Countries
15.2. Latin America Market Overview, By Product
15.3. Latin America Market Overview, By System
15.4. Latin America Market Overview, By Application
15.4.1. Brazil
15.4.2. Argentina
15.4.3. Rest of Latin America
16.1. Key Developments
16.1.1. Partnerships, Collaborations, Agreements
16.1.2. Mergers & Acquisitions
16.1.3. New Product Developments
16.1.4. Other Developments
16.2. Company Share Analysis
16.3. Company Profiles
16.3.1. Siemens AG
16.3.1.1. Company Overview
16.3.1.2. Product Overview
16.3.1.3. Financial Insights
16.3.1.4. Recent Developments
16.3.1.5. SWOT Analysis
16.3.2. Johnson Control
16.3.3. Schneider Electric
16.3.4. Carrier
16.3.5. Robert Bosch
16.3.6. Legrand
16.3.7. Hubbell
16.3.8. ABB
16.3.9. Trane Technologies
16.3.10. Lutron Electronics
16.3.11. Creston Electronics
16.3.12. Hitachi
16.3.13. Delta Controls
16.3.14. Beckhoff Automation
16.3.15. Lennox International
16.3.16. General Electric
16.3.17. Distech Controls
16.3.18. Dialight PLC
16.3.19. Cisco Systems
16.3.20. Rockwell Automation
16.3.21. Control4
16.3.22. Signify
16.3.23. Emerson Electric
16.3.24. Leviton Manufacturing Company
Data Collection
Primary Research & Secondary Research
Bottom-Up Approach & Top-Down Approach
Market Analysis & Size Estimation
Quality Check & Final Review
By Product
• Hardware
• Software
• Services
By System
• Security & Surveillance Systems
• HVAC Systems
• Lighting Solutions
• Building Energy Management Systems (BEMS)
• Other Systems
By Application
• Commercial Sector
• Residential Sector
• Government Sector
• Others
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