- Hardware
- Software
- Services
Building Automation Market size was valued at USD 89,234.1 million in 2023 and is poised to grow at a CAGR of 11.2% from 2024 to 2030. Building automation leverages advancements in technologies like the Internet of Things (IoT), cloud computing, and artificial intelligence (AI). This allows for data-driven management of buildings, enabling features like predictive maintenance and real-time optimization. Also, the increasing popularity of smart homes further propels the market as home automation systems become more integrated with building-wide automation solutions. In addition, many governments are promoting smart city initiatives and offering incentives for the adoption of building automation technologies. These initiatives aim to create sustainable and energy-efficient urban environment, propelling the market for connected and intelligent building solutions. Moreover, growing awareness about the benefits of connected buildings, such as remote monitoring and management, is driving demand for building automation systems.
Businesses appreciate the ability to monitor building operations remotely, optimize energy use, and identify potential issues before they escalate. In regions with growing economies and rising disposable income levels, there's an increased demand for modern and integrated living spaces. This translates to a larger market for residential building automation systems, offering comfort, convenience, and security features. Furthermore, building automation systems can significantly reduce a building's environmental footprint by optimizing energy consumption and minimizing resource waste. This aligns with the growing focus on sustainability and environmental responsibility, leading to increased adoption of building automation technologies. However, installing building automation systems can be expensive, encompassing hardware, software, installation, and ongoing maintenance costs. This can be a significant hurdle for building owners, particularly for smaller buildings or those with limited budgets.
Study Period
2024-2030Base Year
2023CAGR
11.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Building automation systems that optimize HVAC, lighting, and other systems can significantly reduce energy consumption, leading to substantial cost savings. Also, governments in many regions are implementing stricter energy efficiency regulations, further driving the adoption of building automation solutions. In addition, building automation systems can personalize building environments by automatically adjusting temperature, lighting, and ventilation based on occupancy and preferences. This leads to improved comfort levels for occupants, potentially enhancing productivity and well-being within commercial buildings. Smart home automation systems offer similar benefits by allowing residents to control lighting, thermostats, and appliances remotely, creating a more comfortable and convenient living experience. Moreover, building automation systems can integrate with security systems, access control, and fire alarms, providing centralized monitoring and control. This enhances security for occupants and helps prevent accidents by promptly detecting and responding to potential threats.
By Component
By System Type
By Technology
By End User
Geography
The Asia Pacific is the fastest growing region in the Building Automation Market
The North America is dominating the Building Automation market.
The leading players in the Building Automation Market are Siemens AG, Honeywell International Inc., Johnson Controls International plc, Topica Pharmaceuticals Inc., Schneider Electric SE, ABB Ltd, Eaton Corporation, Delta Controls, Crestron Electronics, Inc., and Lutron Electronics Co., Inc.
Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
1.Executive Summary |
2.Global Building Automation Market Introduction |
2.1.Global Building Automation Market - Taxonomy |
2.2.Global Building Automation Market - Definitions |
2.2.1.Component |
2.2.2.System Type |
2.2.3.Technology |
2.2.4. End User |
2.2.5.Region |
3.Global Building Automation Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Building Automation Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Building Automation Market By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Hardware |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Software |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Services |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6.Global Building Automation Market By System Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Building Management Systems (BMS) |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Home Automation Systems |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Fire Safety Systems |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Security & Access Control Systems |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7.Global Building Automation Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Wired Systems |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Wireless Systems |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Cloud-Based Systems |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8.Global Building Automation Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Residential |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Commercial |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Industrial |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
9.Global Building Automation Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Building Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Hardware |
10.1.2.Software |
10.1.3.Services |
10.2. System Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Building Management Systems (BMS) |
10.2.2.Home Automation Systems |
10.2.3.Fire Safety Systems |
10.2.4.Security & Access Control Systems |
10.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Wired Systems |
10.3.2.Wireless Systems |
10.3.3.Cloud-Based Systems |
10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Residential |
10.4.2.Commercial |
10.4.3.Industrial |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Building Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Hardware |
11.1.2.Software |
11.1.3.Services |
11.2. System Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Building Management Systems (BMS) |
11.2.2.Home Automation Systems |
11.2.3.Fire Safety Systems |
11.2.4.Security & Access Control Systems |
11.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Wired Systems |
11.3.2.Wireless Systems |
11.3.3.Cloud-Based Systems |
11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Residential |
11.4.2.Commercial |
11.4.3.Industrial |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Building Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Hardware |
12.1.2.Software |
12.1.3.Services |
12.2. System Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Building Management Systems (BMS) |
12.2.2.Home Automation Systems |
12.2.3.Fire Safety Systems |
12.2.4.Security & Access Control Systems |
12.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Wired Systems |
12.3.2.Wireless Systems |
12.3.3.Cloud-Based Systems |
12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Residential |
12.4.2.Commercial |
12.4.3.Industrial |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Building Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Hardware |
13.1.2.Software |
13.1.3.Services |
13.2. System Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Building Management Systems (BMS) |
13.2.2.Home Automation Systems |
13.2.3.Fire Safety Systems |
13.2.4.Security & Access Control Systems |
13.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Wired Systems |
13.3.2.Wireless Systems |
13.3.3.Cloud-Based Systems |
13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Residential |
13.4.2.Commercial |
13.4.3.Industrial |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Building Automation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Component Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Hardware |
14.1.2.Software |
14.1.3.Services |
14.2. System Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Building Management Systems (BMS) |
14.2.2.Home Automation Systems |
14.2.3.Fire Safety Systems |
14.2.4.Security & Access Control Systems |
14.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Wired Systems |
14.3.2.Wireless Systems |
14.3.3.Cloud-Based Systems |
14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Residential |
14.4.2.Commercial |
14.4.3.Industrial |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Honeywell International (US) |
15.2.2.Siemens AG (Germany) |
15.2.3.Johnson Control (US) |
15.2.4.Schneider Electric (France) |
15.2.5.Carrier (US) |
15.2.6.Robert Bosch (Germany). Legrand (France) |
15.2.7.Hubbell (US) |
15.2.8.ABB (Zurich) |
15.2.9.Trane Technologies (Ireland) |
15.2.10.Lutron Electronics (US) |
15.2.11.Creston Electronics (US) |
15.2.12.Hitachi (Japan) |
15.2.13.Delta Controls (Canada). |
15.2.14.Beckhoff Automation (Germany) |
15.2.15.Lennox International (US) |
15.2.16.General Electric (US) |
16. Research Methodology |
17. Appendix and Abbreviations |