Report Feature
The future of the building automation system market looks promising with opportunities in the residential, commercial, and industrial sectors. The global building automation system market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected grow with a CAGR of 9% to 11% from 2020 to 2025. The major drivers for this market are growing demand for automated security systems in buildings and growth of wireless protocols and wireless sensor technology for building automation systems.
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The study includes trends and forecasts for the global building automation system market by communication technology, offering, application, component, and region as follows:
By Communication Technology [$M shipment analysis for 2014 – 2025]:
- Wired Technology
- Zigbee
- Enocean
- Z–Wave
- Wi-Fi
- Bluetooth
- Thread
- Infrared
- Wireless Technology
- Digital Addressable Lighting Interface (DALI)
- KNX
- Lonworks
- Building Automation and Control Network (BACNET)
- Modbus
By Offering [$M shipment analysis for 2014 – 2025]:
- Facility Management Systems
- Lighting Controls
- HVAC Controls
- Security & Access Control Systems
- Video Surveillance Systems
- Biometric Systems
- Fire Protection Systems
- Sensors & Detectors
- Fire Sprinklers
- Fire Alarms
- Emergency Lighting, Voice Evacuation, and Public Alert Devices
- Building Energy Management Software
- BAS Services
- Others
By Application [$M shipment analysis for 2014 – 2025]:
- Residential
- Commercial
- Office Buildings
- Retail and Public Assembly Buildings
- Hospitals and Healthcare Facilities
- Airports and Railway Stations
- Others
- Industrial
By Component [$M shipment analysis for 2014 – 2025]:
- Hardware
- Software
- Services
By Region [$M shipment analysis for 2014 – 2025]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
Some of the building automation system companies profiled in this report include Johnson Controls International, Schneider Electric, Honeywell International, United Technologies Corp., Siemens, Robert Bosch, Legrand, Hubbell, ABB, Ingersoll-Rand, Lutron Electronics, Crestron Electronics, BuildingIQ, Hitachi, Ltd., Delta Controls, Beckhoff Automation GmbH, Lennox International, General Electric.
Lucintel forecasts that wireless will remain the largest segment due to growth of wireless sensor network technology and wireless protocols for building automation system.
Commercial will remain the largest application during the forecast period due to increasing deployment of BAS in large shopping complexes, office buildings, and public transport areas.
North America will remain the largest region the forecast period due to growing infrastructure that can accommodate to building automation solutions in the residential and commercial applications.
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Features of Building Automation System Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising potential, high-growth opportunities for the global building automation system market by communication technology (wired technology [zigbee, enocean, Z–wave, Wi-Fi, bluetooth, thread, and infrared] and wireless technology [digital addressable lighting interface (DALI), KNX, lonworks, building automation and control network (BACNET), and Zmodbus]), offering (facility management systems [lighting controls and HVAC controls], security & access control systems [video surveillance systems and biometric systems], fire protection systems [sensors & detectors, fire sprinklers, fire alarms, and emergency lighting, voice evacuation, and public alert devices], building energy management software, BAS services, and others), application (residential, commercial [office buildings, retail and public assembly buildings, hospitals and healthcare facilities, airports and railway stations, and others], and industrial), component (hardware, software, and services), and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which regions will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the building automation system market? Q.5 What are the business risks and threats to the building automation system market? Q.6 What are the emerging trends in this building automation system market and the reasons behind them? Q.7 What are some changing demands of customers in the building automation system market? Q.8 What are the new developments in the building automation system market? Which companies are leading these developments? Q.9 Who are the major players in the building automation system market? What strategic initiatives are being implemented by key players for business growth? Q.10 What are some of the competitive products and processes in the building automation system market, and how big of a threat do they pose for loss of market share via material or product substitution? Q.11 What M&A activities did take place in the last five years in the building automation system market? |
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Building Automation System Market
6.1.1 Growth Opportunities for the Global Building Automation System Market by Communication Technology
6.1.2 Growth Opportunities for the Global Building Automation System Market by Offering
6.1.3 Growth Opportunities for the Global Building Automation System Market by Application
6.1.4 Growth Opportunities for the Global Building Automation System Market by Component
6.1.5 Growth Opportunities for the Global Building Automation System Market by Region
7.1 Johnson Controls International
7.2 Schneider Electric
7.3 Honeywell International
7.4 United Technologies Corp.
7.5 Siemens
7.6 Robert Bosch
7.7 Legrand
7.8 Hubbell
7.9 ABB
7.10 Ingersoll-Rand
7.11 Lutron Electronics
7.12 Crestron Electronics
7.13 BuildingIQ
7.14 Hitachi, Ltd.
7.15 Delta Controls
7.16 Beckhoff Automation GmbH
7.17 Lennox International
7.18 General Electric
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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