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Future of the Intelligent Building Automation Technologies Market: Trends, Innovations, and Key Forecasts Through 2034
Intelligent Building Automation Technologies Market Size
Intelligent Building Automation Technologies Market Size Growth Forecast: What to Expect by 2025?
The market for intelligent building automation technologies has seen robust growth in the past few years. The market size is projected to increase from $92.38 billion in 2024 to $98.11 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.2%. Factors contributing to the growth during the historical period include early adoption and increased awareness, regulatory compliance, cost-cutting and efficiency improvements, resilience and adaptability, and objectives related to energy efficiency.
How Will the Intelligent Building Automation Technologies Market Size Evolve and Grow by 2029?
The market size for intelligent building automation technologies is predicted to experience a swift expansion in the coming years, reaching an estimated value of $150.14 billion by 2029, with a compound annual growth rate (CAGR) of 11.2%. The anticipated growth over the forecast period can be attributed to factors such as a maturing technology ecosystem, customization and flexibility, data security and privacy, human-centric design, and decentralized energy systems. Key trends projected for the forecast period encompass digital transformation, globalization and supply chain complexity, the switch towards smart manufacturing, and a customer-centric design approach.
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What Drivers Are Propelling the Growth of Intelligent Building Automation Technologies Market Forward?
The intelligent building automation technologies market is anticipated to grow, driven by a rise in energy-efficient projects. Such projects involve structures that optimize resource efficiency, ensuring comfortable living standards within the homes while using minimal energy. Intelligent building automation technologies assist these projects by reducing energy consumption by 10% to 25%, thereby enhancing the energy efficiency of the buildings. For example, in May 2024, the International Energy Agency (IEA) forecasted a decline in the rate of progress in energy intensity for 2023 to 1.3%, a significant measurement of global economy's energy efficiency, from a robust 2% the previous year. This reduction in energy intensity improvement is largely attributable to an increase in energy demand of 1.7% in 2023, versus 1.3% the year before. Consequently, the surge in energy-efficient projects propels the growth of the intelligent building automation technologies market.
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Which Emerging Trends Are Transforming the Intelligent Building Automation Technologies Market in 2025?
The primary trend gaining traction in the intelligent building automation technology market is product innovation. The key players in this market are concentrating on creating advanced technologies to maintain their market presence. For example, PassiveLogic Inc., a US firm specializing in intelligent building automation technologies, unveiled a generative autonomy platform in November 2023. This platform changes building control systems from simple, programmable controls to fully intelligent, autonomous controls. Whether for new builds or retrofits, the platform's scalability covers everything from coffee shops to skysers. Generative autonomy makes it possible for autonomous systems to be adaptable enough for use in various fields by both beginners and experts. The platform provides a complete autonomous building platform that delivers more than expected with less effort and allows users to create their own autonomous systems.
What Are the Key Segments in the Intelligent Building Automation Technologies Market?
The intelligent building automation technologies market covered in this report is segmented -
1) By Type: Hardware, Software, Service
2) By Communication Technology: Wired Technology, Wireless Technology
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Hardware: Sensors And Actuators, Controllers, Networking Equipment, Security Systems
2) By Software: Building Management Systems (BMS), Energy Management Software, Integrated Workplace Management Systems (IWMS), Analytics And Monitoring Software
3) By Service: Installation And Integration Services, Maintenance And Support Services, Consulting Services
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Who Are the Key Players Shaping the Intelligent Building Automation Technologies Market's Competitive Landscape?
Major companies operating in the intelligent building automation technologies market include Asea Brown Boveri Ltd., Azbil Corporation, Eaton Corporation plc, General Electric Company, Ingersoll Rand Inc., Siemens Building Technologies Inc., Schneider Electric SE, Honeywell International Inc., Hubbell Incorporated, Rockwell Automation Inc., United Technologies Corporation, Samsung Electronics Co. Ltd., Delta Controls Inc., Panasonic Corporation, Robert Bosch GmbH, Cisco Systems Inc., Trane Technologies plc, Lutron Electronics Co. Inc., Johnson Controls International plc, Beijer Electronics AB, Emerson Electric Co., Mitsubishi Electric Corporation, Hitachi Ltd., Huawei Technologies Co. Ltd., Creston Electronics LLC, Legrand SA, Bajaj Electricals Limited, Building LogiX Inc., Distech Controls Inc., Dialight plc
What Geographic Markets Are Powering Growth in the Intelligent Building Automation Technologies Market?
North America was the largest region in the intelligent building automation technologies market in 2024.>Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent building automation technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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