Asia Pacific Building Automation System Market Forecast to 2031 - Regional Analysis - by Component [Hardware (Security & Surveillance System, Facility Management Systems, Fire Protection Systems, and Others) and Software & Services] and End User (Commercial, Industrial, and Residential)
The Asia Pacific building automation system market was valued at US$ 17,546.28 million in 2023 and is expected to reach US$ 42,432.81 million by 2031; it is estimated to register a CAGR of 11.7% from 2023 to 2031.
Growing Need for Sustainable Building Automation Solutions Boosts Asia Pacific Building Automation System Market
Sustainable buildings aim to minimize energy consumption and carbon emissions. BAS can monitor, control, and optimize HVAC, lighting, and other systems based on occupancy and environmental conditions. With an increasing shift toward renewable energy sources, such as solar and wind, BAS can intelligently manage the integration and utilization of these sources within building operations, ensuring optimal energy use and substantial cost savings. BAS provides real-time data on energy usage and environmental metrics, facilitating informed decision-making for energy conservation strategies and compliance with sustainability standards and regulations. Sustainable buildings prioritize occupant comfort and health. BAS can maintain indoor air quality, regulate temperature, and optimize natural lighting, contributing to enhanced occupant satisfaction and productivity. Also, sustainable BAS solutions result in cost savings due to reduced energy expenses, lower maintenance needs, and prolonged equipment life, making them financially attractive for building owners and operators. The use of sustainable solutions aligns with global sustainability goals, improving energy efficiency, enhancing occupant comfort, and offering significant economic benefits for building owners and operators. Thus, the growing need for sustainable building automation solutions across industries is expected to create significant opportunities for the building automation market growth during the forecast period.
Asia Pacific Building Automation System Market Overview
In August 2022, Johnson Controls, a renowned global leader in intelligent, sustainable, and health-focused buildings, collaborated with Microsoft Beijing Campus to continually renovate and enhance building operations. This strategic alliance has yielded remarkable results, including a 27.9% reduction in energy consumption and a 98% uptime for critical equipment. Consequently, the campus has received recognition for energy conservation and financial support from the Beijing Municipal Government and the Haidian District Government. This initiative aligns with China's commitment to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, placing significant emphasis on the building sector to embrace the latest sustainable engineering technology. This partnership serves as a prime example of how AI and advanced building automation systems can significantly enhance energy efficiency and operational automation in large-scale building operations. Microsoft Beijing Campus also utilizes Johnson Controls Metasys Building Automation System (BAS) to monitor cooling and heating equipment, channeling significant data into OBEM for analysis. Such collaboration initiatives drive the Asia Pacific building automation system market .
Asia Pacific Building Automation System Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Building Automation System Market Segmentation
The Asia Pacific building automation system market is categorized into component, end user, and country.
Based on component, the Asia Pacific building automation system market is bifurcated into hardware and software & services. The hardware segment held a larger market share in 2023. Furthermore, the hardware segment is sub segmented into security & surveillance system, facility management systems, fire protection systems, and others.
In terms of end user, the Asia Pacific building automation system market is segmented into commercial, industrial, and residential. The commercial segment held the largest market share in 2023.
By country, the Asia Pacific building automation system market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific building automation system market share in 2023.
ABB Ltd; Mitsubishi Electric Corp; Bosch Sicherheitssysteme GmbH; Honeywell international Inc; Schneider Electric SE; Siemens AG; Johnson Controls International Plc; Carrier Global Corp; Lutron Electronics Co., Inc; and Trane Technologies Plc are some of the leading companies operating in the Asia Pacific building automation system market.
Growing Need for Sustainable Building Automation Solutions Boosts Asia Pacific Building Automation System Market
Sustainable buildings aim to minimize energy consumption and carbon emissions. BAS can monitor, control, and optimize HVAC, lighting, and other systems based on occupancy and environmental conditions. With an increasing shift toward renewable energy sources, such as solar and wind, BAS can intelligently manage the integration and utilization of these sources within building operations, ensuring optimal energy use and substantial cost savings. BAS provides real-time data on energy usage and environmental metrics, facilitating informed decision-making for energy conservation strategies and compliance with sustainability standards and regulations. Sustainable buildings prioritize occupant comfort and health. BAS can maintain indoor air quality, regulate temperature, and optimize natural lighting, contributing to enhanced occupant satisfaction and productivity. Also, sustainable BAS solutions result in cost savings due to reduced energy expenses, lower maintenance needs, and prolonged equipment life, making them financially attractive for building owners and operators. The use of sustainable solutions aligns with global sustainability goals, improving energy efficiency, enhancing occupant comfort, and offering significant economic benefits for building owners and operators. Thus, the growing need for sustainable building automation solutions across industries is expected to create significant opportunities for the building automation market growth during the forecast period.
Asia Pacific Building Automation System Market Overview
In August 2022, Johnson Controls, a renowned global leader in intelligent, sustainable, and health-focused buildings, collaborated with Microsoft Beijing Campus to continually renovate and enhance building operations. This strategic alliance has yielded remarkable results, including a 27.9% reduction in energy consumption and a 98% uptime for critical equipment. Consequently, the campus has received recognition for energy conservation and financial support from the Beijing Municipal Government and the Haidian District Government. This initiative aligns with China's commitment to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, placing significant emphasis on the building sector to embrace the latest sustainable engineering technology. This partnership serves as a prime example of how AI and advanced building automation systems can significantly enhance energy efficiency and operational automation in large-scale building operations. Microsoft Beijing Campus also utilizes Johnson Controls Metasys Building Automation System (BAS) to monitor cooling and heating equipment, channeling significant data into OBEM for analysis. Such collaboration initiatives drive the Asia Pacific building automation system market .
Asia Pacific Building Automation System Market Revenue and Forecast to 2031 (US$ Million)
Asia Pacific Building Automation System Market Segmentation
The Asia Pacific building automation system market is categorized into component, end user, and country.
Based on component, the Asia Pacific building automation system market is bifurcated into hardware and software & services. The hardware segment held a larger market share in 2023. Furthermore, the hardware segment is sub segmented into security & surveillance system, facility management systems, fire protection systems, and others.
In terms of end user, the Asia Pacific building automation system market is segmented into commercial, industrial, and residential. The commercial segment held the largest market share in 2023.
By country, the Asia Pacific building automation system market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific building automation system market share in 2023.
ABB Ltd; Mitsubishi Electric Corp; Bosch Sicherheitssysteme GmbH; Honeywell international Inc; Schneider Electric SE; Siemens AG; Johnson Controls International Plc; Carrier Global Corp; Lutron Electronics Co., Inc; and Trane Technologies Plc are some of the leading companies operating in the Asia Pacific building automation system market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
1.1 Secondary Research
1.2 Primary Research
3.1.1 Hypothesis formulation:
3.1.2 Macro-economic factor analysis:
3.1.3 Developing base number:
3.1.4 Data Triangulation:
3.1.5 Country level data:
4. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET – KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise in Need for Enhanced Comfort, Safety, and Security Among Building Occupants
5.1.2 Integration of Wireless Sensor Network Technology and Wireless Protocols with Building Automation Systems
5.2 Market Restraints
5.2.1 Lack of Skilled Professionals
5.2.2 High Installation and Implementation Cost
5.3 Market Opportunities
5.3.1 Growing Need for Sustainable Building Automation Solutions
5.3.2 Rising Initiatives in Smart City Projects
5.4 Future Trends
5.4.1 Consumer IoT, IP-based Devices, SaaS, and Other Technological Developments
5.5 Impact of Drivers and Restraints:
6. BUILDING AUTOMATION SYSTEM MARKET – ASIA PACIFIC ANALYSIS
6.1 Asia Pacific Building Automation System Market Overview
6.2 Building Automation System Market Revenue (US$ Million), 2021–2031
6.3 Building Automation System Market Forecast Analysis
7. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET ANALYSIS – BY COMPONENT
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Software & Services
7.2.1 Overview
7.2.2 Software & Services: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET ANALYSIS – BY END USERS
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Industrial
8.2.1 Overview
8.2.2 Industrial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET – COUNTRY ANALYSIS
9.1 Asia Pacific Market Overview
9.1.1 Asia Pacific: Building Automation System Market Breakdown, 2023 and 2031 (%) – by Country
9.1.1.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Australia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.2.1 Australia: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.2.2 Australia: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.2.3 Australia: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.3 China: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 China: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.3.2 China: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.3.3 China: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.4 India: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 India: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.4.2 India: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.4.3 India: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.5 Japan: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 Japan: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.5.2 Japan: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.5.3 Japan: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.6 South Korea: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.6.1 South Korea: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.6.2 South Korea: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.6.3 South Korea: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.7 Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.7.1 Rest of APAC: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.7.2 Rest of APAC: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.7.3 Rest of APAC: Building Automation System Market – Revenue and Forecast Analysis, by End Users
10. COMPETITIVE LANDSCAPE
10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mitsubishi Electric Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bosch Sicherheitssysteme GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Schneider Electric SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Siemens AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Johnson Controls International Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Carrier Global Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Lutron Electronics Co., Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Trane Technologies Plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. APPENDIX
13.1 Word Index
13.2 About The Insight Partners
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
1.1 Secondary Research
1.2 Primary Research
3.1.1 Hypothesis formulation:
3.1.2 Macro-economic factor analysis:
3.1.3 Developing base number:
3.1.4 Data Triangulation:
3.1.5 Country level data:
4. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET – KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise in Need for Enhanced Comfort, Safety, and Security Among Building Occupants
5.1.2 Integration of Wireless Sensor Network Technology and Wireless Protocols with Building Automation Systems
5.2 Market Restraints
5.2.1 Lack of Skilled Professionals
5.2.2 High Installation and Implementation Cost
5.3 Market Opportunities
5.3.1 Growing Need for Sustainable Building Automation Solutions
5.3.2 Rising Initiatives in Smart City Projects
5.4 Future Trends
5.4.1 Consumer IoT, IP-based Devices, SaaS, and Other Technological Developments
5.5 Impact of Drivers and Restraints:
6. BUILDING AUTOMATION SYSTEM MARKET – ASIA PACIFIC ANALYSIS
6.1 Asia Pacific Building Automation System Market Overview
6.2 Building Automation System Market Revenue (US$ Million), 2021–2031
6.3 Building Automation System Market Forecast Analysis
7. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET ANALYSIS – BY COMPONENT
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Software & Services
7.2.1 Overview
7.2.2 Software & Services: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET ANALYSIS – BY END USERS
8.1 Commercial
8.1.1 Overview
8.1.2 Commercial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Industrial
8.2.1 Overview
8.2.2 Industrial: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9. ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET – COUNTRY ANALYSIS
9.1 Asia Pacific Market Overview
9.1.1 Asia Pacific: Building Automation System Market Breakdown, 2023 and 2031 (%) – by Country
9.1.1.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Australia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.2.1 Australia: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.2.2 Australia: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.2.3 Australia: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.3 China: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.3.1 China: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.3.2 China: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.3.3 China: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.4 India: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.4.1 India: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.4.2 India: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.4.3 India: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.5 Japan: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.5.1 Japan: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.5.2 Japan: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.5.3 Japan: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.6 South Korea: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.6.1 South Korea: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.6.2 South Korea: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.6.3 South Korea: Building Automation System Market – Revenue and Forecast Analysis, by End Users
9.1.1.7 Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.1.1.7.1 Rest of APAC: Building Automation System Market – Revenue and Forecast Analysis, by Component
9.1.1.7.2 Rest of APAC: Building Automation System Market – Revenue and Forecast Analysis, by Hardware
9.1.1.7.3 Rest of APAC: Building Automation System Market – Revenue and Forecast Analysis, by End Users
10. COMPETITIVE LANDSCAPE
10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mitsubishi Electric Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Bosch Sicherheitssysteme GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Schneider Electric SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Siemens AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Johnson Controls International Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Carrier Global Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Lutron Electronics Co., Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Trane Technologies Plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. APPENDIX
13.1 Word Index
13.2 About The Insight Partners
