Global Building Automation System Market Share To worth USD 148.6 billion by 2027 | CAGR of 11.4%

The building automation system market share is projected to reach USD 148.6 billion by 2027 from USD 86.8 billion in 2022; it is expected to grow at a CAGR of 11.4% from 2022 to 2027. 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. A BAS is a computer networking system that monitors and controls a range of other electronic and mechanical systems. It provides a means for these disparate systems to communicate across platforms, software, and languages.

The core functionality of a BAS is to maintain building climate based on an occupancy schedule, monitor performance and device failures in all systems, and provide malfunction alarms. Automation systems reduce building energy and maintenance costs. Almost all multi-story green buildings are designed to accommodate a BAS for energy, air, and water conservation. Most green buildings also use as many low-power DC devices as possible, typically integrated with power over Ethernet wiring. Even a piassavas design intended to consume no net energy whatsoever will typically require a BAS to manage heat capture, shading and venting, and scheduling device use. Asia Pacific is expected to grow at highest CAGR during the forecast period. Stringent regulations with respect to energy efficiency and various initiatives undertaken in countries such as China and India for the same and high economic growth and surge in construction and industrial activities in various countries in the region are some of the driving factors for the growth of building automation system market in Asia Pacific region.

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Honeywell International (US), Siemens AG (Germany), Johnson Control (US), Schneider Electric (France), Carrier (US), Robert Bosch (Germany), Legrand (France), Hubbell (US), ABB (Zurich), Trane Technologies (Ireland), Lutron Electronics (US), Creston Electronics (US), Hitachi (Japan), Delta Controls (Canada), Beckhoff Automation (Germany), Lennox International (US), General Electric (US), Distech Controls (Canada), Dialight PLC (UK), Cisco Systems (US), Rockwell Automation (US), Control4 (US), Signify (Philips Lighting) (Netherlands), Emerson Electric (US), and Leviton Manufacturing Company (US).

Browse 224 market data Tables and 67 Figures spread through 305 Pages and in-depth TOC on "Building Automation System Market Share"

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Building Automation System Market Share Dynamics:

Driver: Heightened focus on developing energy-efficient and eco-friendly buildings

The building sector is one of the largest energy-consuming sectors and usually accounts for more than one-third of the total energy consumption worldwide. It is an equally important source of carbon dioxide (CO2) emissions.
According to the International Energy Agency (IEA), energy use in buildings represents as much as 80% of the total energy use across specific regions that are highly dependent on traditional biomass. The number of electrical systems used in buildings is rising, which increases energy consumption, as well as CO2 emissions. Hence, the sustainable and efficient use of energy is crucial.

Restraint: False notion about high installation costs of building automation systems

Building automation systems help in saving energy and reducing operating and maintenance costs. However, end users and building owners are reluctant to these systems due to their false perception that the installation costs of these systems are high.

They are unaware of the fact that the cost is primarily dependent on the complexity of integration pertaining to a specific application. End users demand affordable building automation systems but fail to realize the extent of the energy savings and the associated benefits of long-term cost savings. On an average, lighting accounts for about 25% of a building's energy usage. With lighting control systems, the lighting cost can be reduced by 30-60% while enhancing lighting quality and reducing environmental impact. Besides this, the initial investment in building automation and control systems can be easily recovered in a few years as it helps reduce energy costs, maintenance costs, and repair and replacement costs.

Opportunity: Rise in government and stakeholder funding for developing smart cities

Nowadays, cities need innovative solutions to overcome long-term challenges such as controlling traffic flows, managing waste, meeting energy-efficiency targets, controlling security breaches, and managing city surveillance owing to rapid urbanization.

Governments in developing economies, including China and India, are focusing on developing smart cities through huge government and stakeholder funding to curb the long-term challenges arising from growing urbanization. With increasing threats from terrorism, both international and domestic, public-concentrated areas, including government offices, buildings, schools, and prisons, are exposed to security threats. Thus, governments across the world, especially in developing countries, are concentrating on investing in video surveillance, access control, and fire protection systems for building automation projects in smart cities.

Challenge: Absence of standard communication protocols

The power of building automation systems lies in synchronization and communication among various equipment used in the overall system. Communication protocols play a vital role in ensuring the proper integration of various devices and equipment for the smooth functioning of BAS.
However, the lack of common open communication protocols may lead to the use of different protocols by these devices. It restricts the communication between different devices and obstructs the effortless functioning of building automation systems as all protocols may not be directly compatible with each other. For instance, BACnet and LonWorks do not work well with each other but work well with DALI. The building operator needs to select the products based on protocols that are used by several different vendors to avoid complexities. For instance, Clipsal C-Bus is the commonly used building automation system in Australia, while M-Bus is popular in Europe.

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. Johnson Controls operates through four major segments-Building Solutions North America, Global Products, Building Solutions Europe, Middle East and Africa (EMEA)/Latin America (LA), and Building Solutions Asia Pacific. 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. This helps in saving energy and providing comfort and safety to building occupants. Johnson Controls sells its building automation systems in more than 150 countries, primarily through its extensive global network of sales and service offices, with operations in ~65 countries.

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Asia Pacific is expected to account for the largest share of the building automation system market share during the forecast period. The rapid growth of the construction industry in emerging economies such as China and India and the government initiatives for energy conservation have contributed to the growth of the building automation system market in the region. The consumers in this region are actively deploying building automation systems in residential and commercial areas owing to improvements in economic conditions. Moreover, increasing construction activities in China play a key role in driving the growth of the building automation system market in Asia Pacific. The growth of the building automation system market in APAC can be attributed to the economic growth in the region, along with a surge in construction and industrial activities witnessed by the key countries in Asia Pacific. The prime objective of consumers in the region is to achieve energy savings with the implementation of building automation systems that directly translate into monetary savings. Countries such as China and India have increasingly started developing smart cities. Building automation systems act as key enablers in achieving energy-saving objectives in these countries. China hold the highest market of the region. China has implemented various energy efficiency policies and programs, including green building ratings, building energy codes, minimum energy performance standards, voluntary rating programs, and energy-efficiency retrofits in existing buildings to reduce the energy consumption in residential and commercial buildings.

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