Building Automation Systems Market By Component (Hardware (Sensors, Controllers, Actuators, User Interfaces (Touch Panels, Displays), Communication Devices), Software (Energy Management Systems, Facility Management Systems, Security Management Systems, HVAC Control Systems), Services (Installation and Integration, Maintenance and Support, Consulting)); By Application (HVAC Control and Monitoring, Lighting Control and Monitoring, Security and Access Control, Fire and Life Safety, Energy Management, Occupancy Control, Water Management Systems); By Communication Protocol (Wired (BACnet, LonWorks, Modbus, KNX), Wireless (Zigbee, Wi-Fi, Bluetooth, EnOcean)); By End-Use Sector (Residential Buildings, Commercial Buildings (Offices, Retail Spaces, Hospitality (Hotels, Restaurants), Healthcare Facilities (Hospitals, Clinics), Educational Institutions), Industrial Buildings, Government Buildings); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The building automation systems market was worth USD 75.4 billion in 2023 and will be worth USD 132.0 billion by 2030, growing at a CAGR of 8% during the forecast period.

 

The global market for Building Automation Systems (BAS) is expanding due to the increasing demand for energy-efficient services and smart technologies, as buildings consume nearly 40% of energy worldwide. Many governments and companies are now implementing BAS to decrease power consumption, lower carbon footprint, and enhance performance. For example, modern BAS systems reduce energy consumption by up to 30% by controlling heating, ventilation, lighting, cooling, and security based on their occupancy and environmental status. Recent developments include IoT and AI integration into building automation, where equipment can be monitored and even maintainable in real-time. Steadily increasing in smart cities and green building projects because was, which involve the implementation of intelligent systems that regulate resource consumption and improve sustainability are also expected to fuel the demand for BAS.

 

One of the best prospects for the Building Automation Systems (BAS) market can be found in the growing development of smart buildings and the implementation of renewable energy systems. The smart building market worldwide is expected to grow by more than 20% annually due to the increase in the adoption of green building structures. For instance, BAS connected to solar power and energy batteries can help manage energy usage and potentially cut the common electricity grid by 25%. The latest advancement is AI's use in BAS platforms, which aims to learn energy use patterns and consequently can control systems such as HVAC and lighting. In the same way, the encouragement of green building from the government across European and North American countries has also increased the acceptance rate of BAS for maximizing efficiency and minimizing carbon emissions. Such developments create massive opportunities for BAS providers to seek more different, newer specialized niche and green technology markets.

 

 

Market Segmentation

By Component

• Hardware

  • Sensors

  • Controllers

  • Actuators

  • User Interfaces (Touch Panels, Displays)

  • Communication Devices

• Software

  • Energy Management Systems

  • Facility Management Systems

  • Security Management Systems

  • HVAC Control Systems

• Services

  • Installation and Integration

  • Maintenance and Support

  • Consulting

 

By Application:

• HVAC Control and Monitoring

• Lighting Control and Monitoring

• Security and Access Control

• Fire and Life Safety

• Energy Management

• Occupancy Control

• Water Management Systems

 

By Communication Protocol:

• Wired

  • BACnet

  • LonWorks

  • Modbus

  • KNX

• Wireless

  • Zigbee

  • Wi-Fi

  • Bluetooth

  • EnOcean

 

By End-Use Sector:

• Residential Buildings

• Commercial Buildings

  • Offices

  • Retail Spaces

  • Hospitality (Hotels, Restaurants)

  • Healthcare Facilities (Hospitals, Clinics)

  • Educational Institutions

• Industrial Buildings

• Government Buildings

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

North America holds the largest Building Automation Systems (BAS) market share because of concern towards technology and energy efficient systems. Currently, the United States dominates the market for smart buildings accounting for more than forty percent of the global market, thanks to growing spending in smart structures, as well as green buildings. For instance, the overall program structured by the United States Department of Energy called ‘Better Buildings’ entails an agenda where the commercial building shall have a 20% reduced energy consumption by 2030, the need for an effective and efficient BAS that can optimally control HVAC, lighting, and security systems is established. A recent development is the integration of AI and IoT into BAS for managing myriad issues, particularly through smart cities for the predictive maintenance of energy, particularly through smart city projects. Moreover, as the regulatory policies of energy efficiency in North America move and continue to be stricter and green building certifications such as the LEED certification are readily available, there is high demand for improving sustainability through BAS products, making the area a world leader in the market.

 

Key Players

• Honeywell International Inc.

• Siemens AG

• Johnson Controls International plc

• Schneider Electric SE

• ABB Ltd.

• United Technologies Corporation (Carrier)

• Legrand SA

• Cisco Systems, Inc.

• Delta Controls

• Distech Controls Inc.

• Crestron Electronics, Inc.