Building Automation Market: By Component (Hardware, Software, and Services), System Type (Building Management Systems (BMS), Home Automation Systems, Fire Safety Systems, and Security & Access Control Systems), Technology (Wired Systems, Wireless Systems, and Cloud-Based Systems), End User (Residential, Commercial, and Industrial), and Geography

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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.

Building Automation Market Key Developments:
  • In May 2022, Mitsubishi Electric Trane HVAC US, launched Building Connect+, an extended version of the cloud-based controls and monitoring platform. Building Connect+ is a pre-engineered cloud-based secure control and monitoring platform for controlling and managing CITY MULTI systems and BACnet-enabled third-party devices.
  • In March 2022, Hitachi Elevator Co. Ltd, a joint venture company of Hitachi Ltd and Siam Motors Group, launched a full-scale Smart Building Solution business for the first time in Thailand and Southeast Asia. This aims to offer value to buildings with physical security system and digital service for the new normal by using teh Lumada IoT platform.

Building Automation Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

11.2%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Building Automation Market Dynamics

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.

Building Automation Market Segmentation

By Component

  • Hardware
  • Software
  • Services

By System Type

  • Building Management Systems (BMS)
  • Home Automation Systems
  • Fire Safety Systems
  • Security & Access Control Systems

By Technology

  • Wired Systems
  • Wireless Systems
  • Cloud-Based Systems

By End User

  • Residential
  • Commercial
  • Industrial

Geography

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

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.

Key Features of the Report

  • The building automation market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
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 
  • 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)

Adjacent Markets