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Building Automation System Market Report

RA08372

Building Automation System Market by Component (Hardware and Software), Application (Industrial, Residential, and Commercial), Offerings (Facility Management Systems, Security & Access Controls, Fire Protection Systems, Building Energy Management Software, BAS Services, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA08372

Pages: 218

Apr 2021

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Building Automation System Market

Global Building Automation System Market Analysis

The global building automation system market accounted for $68,111.0 million in 2019 and is predicted to grow with a CAGR of 9.9% by generating a revenue of $142,257.3 million by 2027.

Market Synopsis

Increasing demand for smart buildings is predicted to be the major driving factor for the global building automation system market growth in the estimated period.

However, the high cost involved in construction of building automation systems is considered as the major restraint for the market in the forecast period.

According to the regional analysis, the North America building automation system market accounted for $24,009.1 million in 2019 and is predicted to grow with a CAGR of 9.1% in the projected timeframe.

Building Automation System Overview

The automated centralized control of building’s heating, ventilation, air conditioning, lighting, electrical, access control, security system, and others interrelated in the same system are termed as building automaton system. Building automation systems are also known as building management systems. The major aim of building automation system is to improve the system efficiency with increased safety.

Impact Analysis of COVID-19 on the Global Building Automation System Market

The COVID-19 pandemic has impacted the market in many ways. During the pandemic, most of the construction activities were stopped due to the spread of the coronavirus. Due to the stoppage of the construction activities, the market witnessed a negative impact as automation systems are mostly used in the construction sector. Moreover, as the unlock procedures have started, the construction activities have taken momentum and the demand for the building automation system have increased which is predicted to drive the market after the pandemic.

Rise in the demand for the smart building among consumers to boost the market

The global building automation system market is predicted to witness a boost due to the rise in the popularity of smart buildings among customers. Smart buildings are constructed with the help of building automation system software to save energy and electricity. The smart building structures are built in such a manner that the buildings can automatically control building operations like ventilation, heating, air conditioning, security, and many more. There is an increasing demand for smart buildings due to various benefits of building automation system and this is predicted to drive the market in the estimated period.

Moreover, the increasing demand for energy-efficient and eco-friendly buildings is predicted to drive the market in the forecast period. A building automation system (BAS) also serves to control a facility's processes with sensors and alarms. Furthermore, it also collects data on the facility's electricity usage, which can be analyzed for future changes. Moreover, in a dynamic approach, the system helps the user to display accurate details of energy used with precision and the time consumed to perform the task. The BAS helps to provide details about the usage of energy, which is predicted to boost the market in the forecast period.

Moreover, implementation of AI for complete automation during the construction of buildings is predicted to create more investment opportunities for the global building automation system market in the estimated period. The use of the advanced technology will significantly lessen the pressure on building automation system tools and help in getting accurate results in the least time.

To know more about global building automation system market drivers, get in touch with our analysts here.

Higher cost involved in the implementing of BAS is predicted to hinder the market

Building automation systems are very expensive for consumers. The software used for operating building automation system costs high due to which the SME and startups of the real estate cannot afford the building automation system software. The cost factor is predicted to be the biggest restraint. Moreover, the software are complex to use which is also predicted to hinder the market growth in the forecast period.  

To know more about global building automation system market opportunities, get in touch with our analysts here.

Global Building Automation System Market, by Component

Based on component, the building automation system market has been divided into hardware and software. The hardware sub-segment is projected to generate the maximum revenue and software sub-segment is predicted to have the maximum growth rate.

Global Building Automation System Market, by Component

Source: Research Dive Analysis

The hardware sub-segment is predicted to have a dominating market share in the global market. The hardware sub-segment accounted for $36,119.9 million in 2019 and is predicted to grow with a CAGR of 8.6% in the estimated period. There is an increase in the use of hardware in building automation systems, as the hardware is an essential component for setting up of automation system in building and this is predicted to drive the sub-segment market in the estimated period.

The software sub-segment is estimated to have the maximum growth rate in the global market. The software sub-segment accounted for $32,001.4 million in 2019 and is predicted to grow with a CAGR of 11.3% in the estimated period. Software is the most integral aspect in a building automation system, as hardware can only function with the help of software installed in it. The fact that software is an indispensable part of the building automation system which is predicted to drive the sub-segment market in the estimated period.

Global Building Automation System Market, by Application 

On the basis of application, the market has been sub-segmented into industrial, residential and commercial. The commercial sub-segments is estimated to have the maximum market share and industrial sub-segment is predicted to have the maximum growth rate.

Global Building Automation System Market, by Application

Source: Research Dive Analysis

The commercial sub-segment of the global building automation system market is predicted to have the highest market share in terms of revenue in the estimated period. Commercial sub-segment was accounted for $28,495.0 million in 2019 and is predicted to grow with a CAGR of 8.9% in the estimated period. Rise in the use of building automation system for various security reasons such as monitoring and collecting evidences of movement and tracking other details in the commercial sector is predicted to drive the sub-segment market in the estimated period.

The industrial sub-segment is anticipated to have the maximum growth rate in the forecast period. Industrial sub-segment was accounted for $20,422.3 million in 2019 and is predicted to grow with a CAGR of 10.8% in the estimated period. Industrial sector uses building automation systems for easy monitoring and accessing of the production and supply which is predicted to boost the sub-segment market in the forecast period. 

Global Building Automation System Market, by Offerings

Based on offerings the market has been sub-segmented into facility management systems, security and access controls, fire protection systems, building energy management software, BAS services, and others.Out of these, security and access controls sub-segment is predicted to have the maximum market share and building energy management software sub-segment is predicted to have maximum growth rate.

Global Building Automation System Market, by Offerings

Source: Research Dive Analysis

The security and access control sub-segment of the global building automation system market is predicted to have the maximum market share in the estimated period. The sub-segment was accounted for $14,813.0 million in 2019 and is predicted to grow with a CAGR of 8.6% in the estimated period. Security and access control keep a close view on the place which helps to control, manage, and access the security as well as the control panels is a convenient way, which is predicted to drive the sub-segment market in the estimated period.

The building energy management software sub-segment is predicted to have a maximum market share in the estimated period. Building energy management software sub-segment was accounted for $12,032.6 million in 2019 and is predicted to grow with a CAGR of 10.7% in the estimated period. The building energy management software helps in reducing the daily expenses for the energy consumption in the building which is predicted to be boost the market in the estimated period. 

Global Building Automation System Market, Regional Insights

The Building Automation System market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Building Automation System Market, Regional Insights

Source: Research Dive Analysis

The Market for Building Automation System in North America to be the Most Dominant

The North America building automation system market accounted for $24,009.1 million in 2019 and is projected to grow with a CAGR of 9.1%. The growth of the North American market is mainly driven by the presence of large number of companies for construction activities in various countries across the region and this is expected to be the biggest driving factor for the region market in the estimated period. In addition to this, these companies are investing more in the BAS and this is predicted to create more growth opportunity for the market in the forecast period.

The Market for Building Automation System in Asia-Pacific to be the Fastest Growing

The Asia-Pacific building automation system market registered a revenue of $14,330.6 million in 2019 and is anticipated to grow at a CAGR of 10.9% in the forecast period. Increasing investment by majority of the companies and government bodies is predicted to be the major driving factor for the region market in the estimated period. Moreover, majority of the companies are investing more in smart cities which will increase the scope for smart buildings and create more growth opportunities for the region market in the estimated period.

Competitive Scenario in the Global Building Automation System Market

Product launches and collaboration are common strategies followed by major market players.

Competitive Scenario in the Global Building Automation System Market

Source: Research Dive Analysis

Some of the leading building automation system market players are Honeywell International Inc.,Robert Bosch GmbH, Johnson Controls International PLC, Mitsubishi Electric Corporation, ABB Ltd., Schneider Electric SE, Siemens AG, General electrical, Hubbell Inc. and United Technologies Corporation, among others.

Porter’s Five Forces Analysis for the Global Building Automation System Market:

  • Bargaining Power of Suppliers: Suppliers and manufacturers in the building automation system market are high in number. 
    Thus, the bargaining power suppliers is moderate.
  • Bargaining Power of Buyers: There are moderate number of players operating in the building automation system market; Moreover, the end users are only the construction and real estate owner. 
    Thus, buyer’s bargaining power will be moderate.
  • Threat of New Entrants:  Huge investment is required to adopt the technological advancements in building automation system. 
    Thus, the threat of the new entrants is low.
  • Threat of Substitutes: There are very less substitutes like sensors and actuators in the building automation system market. 
    Thus, the threat of substitutes is low.
  • Competitive Rivalry in the Market: Due to the presence of large number of manufacturers there is huge competitive rivalry among the suppliers and manufacturers.
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2019

  Forecast Timeline for Market Projection

  2020-2027

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Component

  • Hardware
  • Software

  Segmentation by Application

  • Industrial
  • Residential
  • Commercial

  Segmentation by Offerings

  • Facility Management Systems
  • Security and Access Controls
  • Fire Protection Systems
  • Building Energy Management Software
  • BAS Services
  • Others

  Key Companies Profiled

  • Honeywell International Inc.
  • Robert Bosch GmbH
  • Johnson Controls International PLC
  • Mitsubishi Electric Corporation
  • ABB Ltd.
  • Schneider Electric SE
  • Siemens AG
  • General electrical
  • Hubbell Inc.
  • United Technologies Corporation

Frequently Asked Questions
 

A. The size of the global building automation system market was over $68,111.0 million in 2019 and is projected to reach $142,257.3 million by 2027.

A. Schneider Electric SE and Honeywell International Inc. are some of the key players in the global building automation system market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Asia-Pacific’s building automation system market is anticipated to grow at 10.9% CAGR during the forecast period.

A. Product development and mergers & acquisitions are the two key strategies opted by the operating companies in this market.

A. Schneider Electric SE and Honeywell International Inc. are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Component trends
2.3.Application trends
2.4.Offering trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.By component
3.8.2.By application
3.8.3.By offerings
3.8.4.By region

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution channel analysis
3.9.5.Operating vendors

3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors

3.10.Strategic overview

4.UAV Drone Market , by Component

4.1.Hardware

4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019-2027

4.2.Software

4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019-2027

5.UAV Drone Market , by Application

5.1.Industrial

5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019-2027

5.2.Commercial

5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019-2027

5.3.Residential

5.3.1.Market size and forecast, by region, 2019-2027
5.3.2.Comparative market share analysis, 2019-2027
5.3.3.

6.UAV Drone Market , by Offerings

6.1.Facility Management Systems 

6.1.1.Market size and forecast, by region, 2019-2027
6.1.2.Comparative market share analysis, 2019-2027

6.2.Security And Access Controls

6.2.1.Market size and forecast, by region, 2019-2027
6.2.2.Comparative market share analysis, 2019-2027

6.3.Fire Protection Systems

6.3.1.Market size and forecast, by region, 2019-2027
6.3.2.Comparative market share analysis, 2019-2027 Fire

6.4.Building energy management software

6.4.1.Market size and forecast, by region, 2019-2027
6.4.2.Comparative market share analysis, 2019-2027

6.5.BAS Services

6.5.1.Market size and forecast, by region, 2019-2027
6.5.2.Comparative market share analysis, 2019-2027

6.6.Others

6.6.1.Market size and forecast, by region, 2019-2027
6.6.2.Comparative market share analysis, 2019-2027

7.UAV Drone Market , by Region

7.1.North Region

7.1.1.Market size and forecast, by Component, 2019-2027
7.1.2.Market size and forecast, by Application, 2019-2027
7.1.3.Market size and forecast, by Offerings, 2019-2027
7.1.4.Market size and forecast, by country, 2019-2027
7.1.5.Comparative market share analysis, 2019-2027
7.1.6.U.S

7.1.6.1.Market size and forecast, by Component, 2019-2027
7.1.6.2.Market size and forecast, by Application, 2019-2027
7.1.6.3.Market size and forecast, by Offerings, 2019-2027

7.1.7.Canada

7.1.7.1.Market size and forecast, by Component, 2019-2027
7.1.7.2.Market size and forecast, by Application, 2019-2027
7.1.7.3.Market size and forecast, by Offerings, 2019-2027

7.2.Europe

7.2.1.Market size and forecast, by Component, 2019-2027
7.2.2.Market size and forecast, by Application, 2019-2027
7.2.3.Market size and forecast, by Offerings, 2019-2027
7.2.4.Market size and forecast, by country, 2019-2027
7.2.5.Comparative market share analysis, 2019-2027
7.2.6.UK

7.2.6.1.Market size and forecast, by Component, 2019-2027
7.2.6.2.Market size and forecast, by Application, 2019-2027
7.2.6.3.Market size and forecast, by Offerings, 2019-2027
7.2.6.4.Comparative market share analysis, 2019-2027

7.2.7.Germany

7.2.7.1.Market size and forecast, by Component, 2019-2027
7.2.7.2.Market size and forecast, by Application, 2019-2027
7.2.7.3.Market size and forecast, by Offerings, 2019-2027
7.2.7.4.Comparative market share analysis, 2019-2027

7.2.8.France

7.2.8.1.Market size and forecast, by Component, 2019-2027
7.2.8.2.Market size and forecast, by Application, 2019-2027
7.2.8.3.Market size and forecast, by Offerings, 2019-2027
7.2.8.4.Comparative market share analysis, 2019-2027

7.2.9.Italy

7.2.9.1.Market size and forecast, by Component, 2019-2027
7.2.9.2.Market size and forecast, by Application, 2019-2027
7.2.9.3.Market size and forecast, by Offerings, 2019-2027
7.2.9.4.Comparative market share analysis, 2019-2027

7.2.10.Rest of Europe

7.2.10.1.Market size and forecast, by Component, 2019-2027
7.2.10.2.Market size and forecast, by Application, 2019-2027
7.2.10.3.Market size and forecast, by Offerings, 2019-2027
7.2.10.4.Comparative market share analysis, 2019-2027

7.3.Asia-Pacific

7.3.1.Market size and forecast, by Component, 2019-2027
7.3.2.Market size and forecast, by Application, 2019-2027
7.3.3.Market size and forecast, by Offerings, 2019-2027
7.3.4.Market size and forecast, by country, 2019-2027
7.3.5.Comparative market share analysis, 2019-2027
7.3.6.China

7.3.7.Market size and forecast, by Component, 2019-2027
7.3.8.Market size and forecast, by Application, 2019-2027
7.3.9.Market size and forecast, by Offerings, 2019-2027
7.3.10.Comparative market share analysis, 2019-2027
7.3.11.India

7.3.11.1.Market size and forecast, by Component, 2019-2027
7.3.11.2.Market size and forecast, by Application, 2019-2027
7.3.11.3.Market size and forecast, by Offerings, 2019-2027
7.3.11.4.Comparative market share analysis, 2019-2027

7.3.12.Japan

7.3.12.1.Market size and forecast, by Component, 2019-2027
7.3.12.2.Market size and forecast, by Application, 2019-2027
7.3.12.3.Market size and forecast, by Offerings, 2019-2027
7.3.12.4.Comparative market share analysis, 2019-2027

7.3.13.South Korea

7.3.13.1.Market size and forecast, by Component, 2019-2027
7.3.13.2.Market size and forecast, by Application, 2019-2027
7.3.13.3.Market size and forecast, by Offerings, 2019-202
7.3.13.4.Comparative market share analysis, 2019-2027

7.3.14.Australia

7.3.14.1.Market size and forecast, by Component, 2019-2027
7.3.14.2.Market size and forecast, by Application, 2019-2027
7.3.14.3.Market size and forecast, by Offerings, 2019-2027
7.3.14.4.Comparative market share analysis, 2019-2027

7.3.15.Rest of Asia Pacific

7.3.15.1.Market size and forecast, by Component, 2019-2027
7.3.15.2.Market size and forecast, by Application, 2019-2027
7.3.15.3.Market size and forecast, by Offerings, 2019-2027
7.3.15.4.Comparative market share analysis, 2019-2027

7.4.LAMEA

7.4.1.Market size and forecast, by Component, 2019-2027
7.4.2.Market size and forecast, by Application, 2019-2027
7.4.3.Market size and forecast, by Offerings, 2019-2027
7.4.4.Market size and forecast, by country, 2019-2027
7.4.5.Comparative market share analysis, 2019-2027
7.4.6.Latin America

7.4.6.1.Market size and forecast, by Component, 2019-2027
7.4.6.2.Market size and forecast, by Application, 2019-2027
7.4.6.3.Market size and forecast, by Offerings, 2019-2027
7.4.6.4.Comparative market share analysis, 2019-2027

7.4.7.Middle East

7.4.7.1.Market size and forecast, by Component, 2019-2027
7.4.7.2.Market size and forecast, by Application, 2019-2027
7.4.7.3.Market size and forecast, by Offerings, 2019-2027
7.4.7.4.Comparative market share analysis, 2019-2027

7.4.8.Africa

7.4.8.1.Market size and forecast, by Component, 2019-2027
7.4.8.2.Market size and forecast, by Application, 2019-2027
7.4.8.3.Market size and forecast, by Offerings, 2019-2027
7.4.8.4.Comparative market share analysis, 2019-2027

8.Company profiles

8.1.Honeywell International Inc

8.1.1.Business overview
8.1.2.Financial performance
8.1.3.Component portfolio
8.1.4.Recent strategic moves & developments
8.1.5.SWOT analysis

8.2.Robert Bosch GmbH

8.2.1.Business overview
8.2.2.Financial performance
8.2.3.Component portfolio
8.2.4.Recent strategic moves & developments
8.2.5.SWOT analysis

8.3.Johnson Controls International PLC.

8.3.1.Business overview
8.3.2.Financial performance
8.3.3.Component portfolio
8.3.4.Recent strategic moves & developments
8.3.5.SWOT analysis

8.4.Mitsubishi Electric Corporation

8.4.1.Business overview
8.4.2.Financial performance
8.4.3.Component portfolio
8.4.4.Recent strategic moves & developments
8.4.5.SWOT analysis

8.5.ABB Ltd

8.5.1.Business overview
8.5.2.Financial performance
8.5.3.Component portfolio
8.5.4.Recent strategic moves & developments
8.5.5.SWOT analysis

8.6.Schneider Electric SE

8.6.1.Business overview
8.6.2.Financial performance
8.6.3.Component portfolio
8.6.4.Recent strategic moves & developments
8.6.5.SWOT analysis

8.7.Siemens AG

8.7.1.Business overview
8.7.2.Financial performance
8.7.3.Component portfolio
8.7.4.Recent strategic moves & developments
8.7.5.SWOT analysis

8.8.General electrical

8.8.1.Business overview
8.8.2.Financial performance
8.8.3.Component portfolio
8.8.4.Recent strategic moves & developments

8.8.5.SWOT analysis

8.9.Hubbell Inc.

8.9.1.Business overview
8.9.2.Financial performance
8.9.3.Component portfolio
8.9.4.Recent strategic moves & developments
8.9.5.SWOT analysis

8.10.United Technologies Corporation 

8.10.1.Business overview
8.10.2.Financial performance
8.10.3.Component portfolio
8.10.4.Recent strategic moves & developments
8.10.5.SWOT analysis

The main functionality of the building automation system (BAS) is keeping the climate in the building within a specified range, keeping the light of the rooms according to an occupancy schedule, observe and monitor performance, any sort of device glitches in all systems and send out alarms in case of malfunction. One of the most beneficial trait of such automation systems is that they save building energy and reduce the maintenance costs way more than a normal building without smart system.

Building automation system-controlled buildings are often referred to as “smart buildings”. Nowadays, the designing of almost all multi-story green buildings include the accommodation of BAS for the air, water, and energy conservation traits.

A building automation system operates the controls of a building from a central hub, though many modern systems can be remotely controlled through a digital platform or app. The software at the heart of this type of system operates using a logic algorithm to manage controls according to direct inputs and preset conditions, giving rise to the term “smart building.”

Impact of Coronavirus Pandemic and Growth Factors

According to a recent research by Research Dive, the main driving factor of the global building automation system market is the rising demand for integrated security solutions in an urban life of security breach. The building automation systems include smart features such as video monitoring and face recognition to automate and strengthen the security of a building. Some of the other features of BAS building also include systems such as:

  • Plumbing systems
  • Fire alarms and other emergency systems
  • Lighting and other electrical systems
  • Elevators and other mechanical systems
  • HVAC systems and rooftop units
  • Surveillance cameras and other security systems
  • VAV Boxes
  • Vents and exhaust fans

The global market for building automation system has experienced a decline in growth rate since the emergence of the COVID-19 pandemic. With the restrictions imposed, almost every industrial verticals including the building automation system market has gone through a drastic downfall. However, the key players of the industry are focusing on developing new strategies to overcome this challenge. The implementation of the AI for complete automation is going to create many opportunities for the market in the forecast period.

Trending Advances of the Industry

According to the recent report published by Research Dive, the leading players of the global building automation system market are Robert Bosch GmbH, Honeywell International Inc., Schneider Electric SE, Mitsubishi Electric Corporation, ABB Ltd., Johnson Controls International PLC, Siemens AG, General electrical, United Technologies Corporation, Hubbell Inc. and many others.

These market players are focusing on developing unique strategies including upgradation of existing technology, mergers and acquisitions, product launches, and collaborations and partnerships to withstand the market competition.

Some of the latest developments of the market are as follow:

  • As per a recent news, Johnson Controls, the global leader for smart and sustainable buildings, has announced the launch of a new flexible service suite to its customers in Middle East & Africa, in November, 2020. The report also states that the new service suite is set to leverage the OpenBlue digital technology of Johnson Controls to influence remote and contactless services, with the blend of its 130-years of expertise in green building services. This new offering has over 20 unique customizable options to cater to the increased demands for smarter and safer buildings, which is now available in Middle East and Africa starting October 2020.

    Summing up, the global industry of building automation system is going to flourish during the upcoming years for the  advantageous features of smart homes it promotes.

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