Building Automation System Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Security and Surveillance Systems, Facility Management Systems, Fire Protection Systems, and Others) and Software and Services], End User (Commercial, Industrial, and Residential), and Geography
The Building Automation System market is expected to grow from US$ 76.75 billion in 2023 to US$ 167.40 billion by 2031; it is estimated to record a CAGR of 10.2% from 2023 to 2031.
The growing acceptance of IoT and security concerns have propelled the building automation system market growth worldwide. Major industries, including government, energy, gas, steam, air conditioning, water supply, waste management, retail & wholesale, transportation, and storage, have nearly 100 million IoT-connected devices. As per the US Department of Energy, buildings are the single largest energy consumer in the US economy. They account for over 75% of the nation's electricity use and 40% of total energy demand. Due to the rising energy consumption by buildings, governments and various international organizations worldwide are implementing different energy efficiency regulations and also providing incentives to promote sustainable building practices. According to the International Energy Agency, all new construction and 20% of existing buildings must be carbon neutral by 2030 in order to meet global net-zero standards. Hence, such initiatives are expected to raise the demand for building automation systems as a means to meet energy efficiency targets and comply with environmental standards.
Moreover, the increasing complexity of smart buildings due to technological advancements necessitates more rapid follow-up inspections through retro-commissioning. Furthermore, there is an increasing risk connected with maintaining operational integrity. As a result, it is anticipated that demand for complete building automation systems will rise in the coming years. Also, establishing the essential channels of communication between building owners and system designers is crucial to understanding how the building functions, raising the demand for advanced building automation systems worldwide.
The increasing focus on sustainability and energy reduction also drives the growing popularity of building automation systems. Energy-consuming systems, such as HVAC and lighting, can be efficiently managed with the help of building automation systems. This leads to decreased energy consumption, cheaper operating costs, and compliance with energy standards. Also, the increasing demand for building automation systems in residential structures is being driven by the growing popularity of smart home technology. Building automation systems are becoming more and more popular as a result of homeowners looking for automation solutions that provide convenience, energy savings, and enhanced security. Thus, the rising demand for energy efficiency solutions and the growing adoption of smart home technologies are expected to fuel the growth of the building automation system market during the forecast period.
ABB Ltd, Mitsubishi Electric Corporation, Robert Bosch GmbH, Honeywell International Inc, Schneider Electric, Siemens AG, Johnson Controls International, Carrier, Lutron Electronics Co Inc, and Trane Technologies are among the key building automation system market players profiled in this market study. Several other essential building automation system market players were also analyzed for a holistic view of the market and its ecosystem.
The overall building automation system market size has been derived using both primary and secondary sources. To begin the building automation system market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the building automation system market. The process also serves the purpose of obtaining an overview and market forecast of the building automation system market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the building automation system market.
The growing acceptance of IoT and security concerns have propelled the building automation system market growth worldwide. Major industries, including government, energy, gas, steam, air conditioning, water supply, waste management, retail & wholesale, transportation, and storage, have nearly 100 million IoT-connected devices. As per the US Department of Energy, buildings are the single largest energy consumer in the US economy. They account for over 75% of the nation's electricity use and 40% of total energy demand. Due to the rising energy consumption by buildings, governments and various international organizations worldwide are implementing different energy efficiency regulations and also providing incentives to promote sustainable building practices. According to the International Energy Agency, all new construction and 20% of existing buildings must be carbon neutral by 2030 in order to meet global net-zero standards. Hence, such initiatives are expected to raise the demand for building automation systems as a means to meet energy efficiency targets and comply with environmental standards.
Moreover, the increasing complexity of smart buildings due to technological advancements necessitates more rapid follow-up inspections through retro-commissioning. Furthermore, there is an increasing risk connected with maintaining operational integrity. As a result, it is anticipated that demand for complete building automation systems will rise in the coming years. Also, establishing the essential channels of communication between building owners and system designers is crucial to understanding how the building functions, raising the demand for advanced building automation systems worldwide.
The increasing focus on sustainability and energy reduction also drives the growing popularity of building automation systems. Energy-consuming systems, such as HVAC and lighting, can be efficiently managed with the help of building automation systems. This leads to decreased energy consumption, cheaper operating costs, and compliance with energy standards. Also, the increasing demand for building automation systems in residential structures is being driven by the growing popularity of smart home technology. Building automation systems are becoming more and more popular as a result of homeowners looking for automation solutions that provide convenience, energy savings, and enhanced security. Thus, the rising demand for energy efficiency solutions and the growing adoption of smart home technologies are expected to fuel the growth of the building automation system market during the forecast period.
ABB Ltd, Mitsubishi Electric Corporation, Robert Bosch GmbH, Honeywell International Inc, Schneider Electric, Siemens AG, Johnson Controls International, Carrier, Lutron Electronics Co Inc, and Trane Technologies are among the key building automation system market players profiled in this market study. Several other essential building automation system market players were also analyzed for a holistic view of the market and its ecosystem.
The overall building automation system market size has been derived using both primary and secondary sources. To begin the building automation system market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the building automation system market. The process also serves the purpose of obtaining an overview and market forecast of the building automation system market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the 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. BUILDING AUTOMATION SYSTEM MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. BUILDING AUTOMATION SYSTEM MARKET – KEY MARKET DYNAMICS
5.1 Building Automation System Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Need for Enhanced Comfort, Safety, and Security Among Building Occupants
5.2.2 Integration of Wireless Sensor Network Technology and Wireless Protocols with Building Automation Systems
5.3 Market Restraints
5.3.1 Lack of Skilled Professionals
5.3.2 High Installation and Implementation Cost
5.4 Market Opportunities
5.4.1 Growing Need for Sustainable Building Automation Solutions
5.4.2 Rising Initiatives in Smart City Projects
5.5 Future Trends
5.5.1 Consumer IoT, IP-based Devices, SaaS, and Other Technological Developments
5.6 Impact of Drivers and Restraints:
6. BUILDING AUTOMATION SYSTEM MARKET – GLOBAL MARKET ANALYSIS
6.1 Building Automation System Market Revenue (US$ Million), 2021–2031
6.2 Building Automation System Market Forecast Analysis
7. 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 and Services
7.2.1 Overview
7.2.2 Software and Services: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8. 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. BUILDING AUTOMATION SYSTEM MARKET – GEOGRAPHICAL ANALYSIS
9.1 Overview
9.2 North America
9.2.1 North America Building Automation System Market Overview
9.2.2 North America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Building Automation System Market Breakdown, by Component
9.2.3.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.2.4 North America: Building Automation System Market Breakdown, by Hardware
9.2.4.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.2.5 North America: Building Automation System Market Breakdown, by End Users
9.2.5.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.2.6 North America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.2.6.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.2.6.2 United States: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.2.1 United States: Building Automation System Market Breakdown, by Component
9.2.6.2.2 United States: Building Automation System Market Breakdown, by Hardware
9.2.6.2.3 United States: Building Automation System Market Breakdown, by End Users
9.2.6.3 Canada: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.3.1 Canada: Building Automation System Market Breakdown, by Component
9.2.6.3.2 Canada: Building Automation System Market Breakdown, by Hardware
9.2.6.3.3 Canada: Building Automation System Market Breakdown, by End Users
9.2.6.4 Mexico: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.4.1 Mexico: Building Automation System Market Breakdown, by Component
9.2.6.4.2 Mexico: Building Automation System Market Breakdown, by Hardware
9.2.6.4.3 Mexico: Building Automation System Market Breakdown, by End Users
9.3 Europe
9.3.1 Europe Building Automation System Market Overview
9.3.2 Europe: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Building Automation System Market Breakdown, by Component
9.3.3.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.3.4 Europe: Building Automation System Market Breakdown, by Hardware
9.3.4.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.3.5 Europe: Building Automation System Market Breakdown, by End Users
9.3.5.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.3.6 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.3.6.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.3.6.2 France: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.2.1 France: Building Automation System Market Breakdown, by Component
9.3.6.2.2 France: Building Automation System Market Breakdown, by Hardware
9.3.6.2.3 France: Building Automation System Market Breakdown, by End Users
9.3.6.3 Germany: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.3.1 Germany: Building Automation System Market Breakdown, by Component
9.3.6.3.2 Germany: Building Automation System Market Breakdown, by Hardware
9.3.6.3.3 Germany: Building Automation System Market Breakdown, by End Users
9.3.6.4 United Kingdom: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.4.1 United Kingdom: Building Automation System Market Breakdown, by Component
9.3.6.4.2 United Kingdom: Building Automation System Market Breakdown, by Hardware
9.3.6.4.3 United Kingdom: Building Automation System Market Breakdown, by End Users
9.3.6.5 Italy: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.5.1 Italy: Building Automation System Market Breakdown, by Component
9.3.6.5.2 Italy: Building Automation System Market Breakdown, by Hardware
9.3.6.5.3 Italy: Building Automation System Market Breakdown, by End Users
9.3.6.6 Russian Federation: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.6.1 Russian Federation: Building Automation System Market Breakdown, by Component
9.3.6.6.2 Russian Federation: Building Automation System Market Breakdown, by Hardware
9.3.6.6.3 Russian Federation: Building Automation System Market Breakdown, by End Users
9.3.6.7 Rest of Europe: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.7.1 Rest of Europe: Building Automation System Market Breakdown, by Component
9.3.6.7.2 Rest of Europe: Building Automation System Market Breakdown, by Hardware
9.3.6.7.3 Rest of Europe: Building Automation System Market Breakdown, by End Users
9.4 Asia Pacific
9.4.1 Asia Pacific Building Automation System Market Overview
9.4.2 Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Building Automation System Market Breakdown, by Component
9.4.3.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.4.4 Asia Pacific: Building Automation System Market Breakdown, by Hardware
9.4.4.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.4.5 Asia Pacific: Building Automation System Market Breakdown, by End Users
9.4.5.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.4.6 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.4.6.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.4.6.2 Australia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.2.1 Australia: Building Automation System Market Breakdown, by Component
9.4.6.2.2 Australia: Building Automation System Market Breakdown, by Hardware
9.4.6.2.3 Australia: Building Automation System Market Breakdown, by End Users
9.4.6.3 China: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.3.1 China: Building Automation System Market Breakdown, by Component
9.4.6.3.2 China: Building Automation System Market Breakdown, by Hardware
9.4.6.3.3 China: Building Automation System Market Breakdown, by End Users
9.4.6.4 India: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.4.1 India: Building Automation System Market Breakdown, by Component
9.4.6.4.2 India: Building Automation System Market Breakdown, by Hardware
9.4.6.4.3 India: Building Automation System Market Breakdown, by End Users
9.4.6.5 Japan: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.5.1 Japan: Building Automation System Market Breakdown, by Component
9.4.6.5.2 Japan: Building Automation System Market Breakdown, by Hardware
9.4.6.5.3 Japan: Building Automation System Market Breakdown, by End Users
9.4.6.6 South Korea: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.6.1 South Korea: Building Automation System Market Breakdown, by Component
9.4.6.6.2 South Korea: Building Automation System Market Breakdown, by Hardware
9.4.6.6.3 South Korea: Building Automation System Market Breakdown, by End Users
9.4.6.7 Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.7.1 Rest of APAC: Building Automation System Market Breakdown, by Component
9.4.6.7.2 Rest of APAC: Building Automation System Market Breakdown, by Hardware
9.4.6.7.3 Rest of APAC: Building Automation System Market Breakdown, by End Users
9.5 Middle East and Africa
9.5.1 Middle East and Africa Building Automation System Market Overview
9.5.2 Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Building Automation System Market Breakdown, by Component
9.5.3.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.5.4 Middle East and Africa: Building Automation System Market Breakdown, by Hardware
9.5.4.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.5.5 Middle East and Africa: Building Automation System Market Breakdown, by End Users
9.5.5.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.5.6 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.5.6.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.5.6.2 South Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.2.1 South Africa: Building Automation System Market Breakdown, by Component
9.5.6.2.2 South Africa: Building Automation System Market Breakdown, by Hardware
9.5.6.2.3 South Africa: Building Automation System Market Breakdown, by End Users
9.5.6.3 Saudi Arabia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.3.1 Saudi Arabia: Building Automation System Market Breakdown, by Component
9.5.6.3.2 Saudi Arabia: Building Automation System Market Breakdown, by Hardware
9.5.6.3.3 Saudi Arabia: Building Automation System Market Breakdown, by End Users
9.5.6.4 United Arab Emirates: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.4.1 United Arab Emirates: Building Automation System Market Breakdown, by Component
9.5.6.4.2 United Arab Emirates: Building Automation System Market Breakdown, by Hardware
9.5.6.4.3 United Arab Emirates: Building Automation System Market Breakdown, by End Users
9.5.6.5 Rest of Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.5.1 Rest of Middle East and Africa: Building Automation System Market Breakdown, by Component
9.5.6.5.2 Rest of Middle East and Africa: Building Automation System Market Breakdown, by Hardware
9.5.6.5.3 Rest of Middle East and Africa: Building Automation System Market Breakdown, by End Users
9.6 South and Central America
9.6.1 South and Central America Building Automation System Market Overview
9.6.2 South and Central America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: Building Automation System Market Breakdown, by Component
9.6.3.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.6.4 South and Central America: Building Automation System Market Breakdown, by Hardware
9.6.4.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.6.5 South and Central America: Building Automation System Market Breakdown, by End Users
9.6.5.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.6.6 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.6.6.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.6.6.2 Brazil: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.2.1 Brazil: Building Automation System Market Breakdown, by Component
9.6.6.2.2 Brazil: Building Automation System Market Breakdown, by Hardware
9.6.6.2.3 Brazil: Building Automation System Market Breakdown, by End Users
9.6.6.3 Argentina: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.3.1 Argentina: Building Automation System Market Breakdown, by Component
9.6.6.3.2 Argentina: Building Automation System Market Breakdown, by Hardware
9.6.6.3.3 Argentina: Building Automation System Market Breakdown, by End Users
9.6.6.4 Rest of South and Central America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.4.1 Rest of South and Central America: Building Automation System Market Breakdown, by Component
9.6.6.4.2 Rest of South and Central America: Building Automation System Market Breakdown, by Hardware
9.6.6.4.3 Rest of South and Central America: Building Automation System Market Breakdown, 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. BUILDING AUTOMATION SYSTEM MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. BUILDING AUTOMATION SYSTEM MARKET – KEY MARKET DYNAMICS
5.1 Building Automation System Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Need for Enhanced Comfort, Safety, and Security Among Building Occupants
5.2.2 Integration of Wireless Sensor Network Technology and Wireless Protocols with Building Automation Systems
5.3 Market Restraints
5.3.1 Lack of Skilled Professionals
5.3.2 High Installation and Implementation Cost
5.4 Market Opportunities
5.4.1 Growing Need for Sustainable Building Automation Solutions
5.4.2 Rising Initiatives in Smart City Projects
5.5 Future Trends
5.5.1 Consumer IoT, IP-based Devices, SaaS, and Other Technological Developments
5.6 Impact of Drivers and Restraints:
6. BUILDING AUTOMATION SYSTEM MARKET – GLOBAL MARKET ANALYSIS
6.1 Building Automation System Market Revenue (US$ Million), 2021–2031
6.2 Building Automation System Market Forecast Analysis
7. 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 and Services
7.2.1 Overview
7.2.2 Software and Services: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
8. 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. BUILDING AUTOMATION SYSTEM MARKET – GEOGRAPHICAL ANALYSIS
9.1 Overview
9.2 North America
9.2.1 North America Building Automation System Market Overview
9.2.2 North America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.3 North America: Building Automation System Market Breakdown, by Component
9.2.3.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.2.4 North America: Building Automation System Market Breakdown, by Hardware
9.2.4.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.2.5 North America: Building Automation System Market Breakdown, by End Users
9.2.5.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.2.6 North America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.2.6.1 North America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.2.6.2 United States: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.2.1 United States: Building Automation System Market Breakdown, by Component
9.2.6.2.2 United States: Building Automation System Market Breakdown, by Hardware
9.2.6.2.3 United States: Building Automation System Market Breakdown, by End Users
9.2.6.3 Canada: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.3.1 Canada: Building Automation System Market Breakdown, by Component
9.2.6.3.2 Canada: Building Automation System Market Breakdown, by Hardware
9.2.6.3.3 Canada: Building Automation System Market Breakdown, by End Users
9.2.6.4 Mexico: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.2.6.4.1 Mexico: Building Automation System Market Breakdown, by Component
9.2.6.4.2 Mexico: Building Automation System Market Breakdown, by Hardware
9.2.6.4.3 Mexico: Building Automation System Market Breakdown, by End Users
9.3 Europe
9.3.1 Europe Building Automation System Market Overview
9.3.2 Europe: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.3 Europe: Building Automation System Market Breakdown, by Component
9.3.3.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.3.4 Europe: Building Automation System Market Breakdown, by Hardware
9.3.4.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.3.5 Europe: Building Automation System Market Breakdown, by End Users
9.3.5.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.3.6 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.3.6.1 Europe: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.3.6.2 France: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.2.1 France: Building Automation System Market Breakdown, by Component
9.3.6.2.2 France: Building Automation System Market Breakdown, by Hardware
9.3.6.2.3 France: Building Automation System Market Breakdown, by End Users
9.3.6.3 Germany: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.3.1 Germany: Building Automation System Market Breakdown, by Component
9.3.6.3.2 Germany: Building Automation System Market Breakdown, by Hardware
9.3.6.3.3 Germany: Building Automation System Market Breakdown, by End Users
9.3.6.4 United Kingdom: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.4.1 United Kingdom: Building Automation System Market Breakdown, by Component
9.3.6.4.2 United Kingdom: Building Automation System Market Breakdown, by Hardware
9.3.6.4.3 United Kingdom: Building Automation System Market Breakdown, by End Users
9.3.6.5 Italy: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.5.1 Italy: Building Automation System Market Breakdown, by Component
9.3.6.5.2 Italy: Building Automation System Market Breakdown, by Hardware
9.3.6.5.3 Italy: Building Automation System Market Breakdown, by End Users
9.3.6.6 Russian Federation: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.6.1 Russian Federation: Building Automation System Market Breakdown, by Component
9.3.6.6.2 Russian Federation: Building Automation System Market Breakdown, by Hardware
9.3.6.6.3 Russian Federation: Building Automation System Market Breakdown, by End Users
9.3.6.7 Rest of Europe: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.3.6.7.1 Rest of Europe: Building Automation System Market Breakdown, by Component
9.3.6.7.2 Rest of Europe: Building Automation System Market Breakdown, by Hardware
9.3.6.7.3 Rest of Europe: Building Automation System Market Breakdown, by End Users
9.4 Asia Pacific
9.4.1 Asia Pacific Building Automation System Market Overview
9.4.2 Asia Pacific: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.3 Asia Pacific: Building Automation System Market Breakdown, by Component
9.4.3.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.4.4 Asia Pacific: Building Automation System Market Breakdown, by Hardware
9.4.4.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.4.5 Asia Pacific: Building Automation System Market Breakdown, by End Users
9.4.5.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.4.6 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.4.6.1 Asia Pacific: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.4.6.2 Australia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.2.1 Australia: Building Automation System Market Breakdown, by Component
9.4.6.2.2 Australia: Building Automation System Market Breakdown, by Hardware
9.4.6.2.3 Australia: Building Automation System Market Breakdown, by End Users
9.4.6.3 China: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.3.1 China: Building Automation System Market Breakdown, by Component
9.4.6.3.2 China: Building Automation System Market Breakdown, by Hardware
9.4.6.3.3 China: Building Automation System Market Breakdown, by End Users
9.4.6.4 India: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.4.1 India: Building Automation System Market Breakdown, by Component
9.4.6.4.2 India: Building Automation System Market Breakdown, by Hardware
9.4.6.4.3 India: Building Automation System Market Breakdown, by End Users
9.4.6.5 Japan: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.5.1 Japan: Building Automation System Market Breakdown, by Component
9.4.6.5.2 Japan: Building Automation System Market Breakdown, by Hardware
9.4.6.5.3 Japan: Building Automation System Market Breakdown, by End Users
9.4.6.6 South Korea: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.6.1 South Korea: Building Automation System Market Breakdown, by Component
9.4.6.6.2 South Korea: Building Automation System Market Breakdown, by Hardware
9.4.6.6.3 South Korea: Building Automation System Market Breakdown, by End Users
9.4.6.7 Rest of APAC: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.4.6.7.1 Rest of APAC: Building Automation System Market Breakdown, by Component
9.4.6.7.2 Rest of APAC: Building Automation System Market Breakdown, by Hardware
9.4.6.7.3 Rest of APAC: Building Automation System Market Breakdown, by End Users
9.5 Middle East and Africa
9.5.1 Middle East and Africa Building Automation System Market Overview
9.5.2 Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.3 Middle East and Africa: Building Automation System Market Breakdown, by Component
9.5.3.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.5.4 Middle East and Africa: Building Automation System Market Breakdown, by Hardware
9.5.4.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.5.5 Middle East and Africa: Building Automation System Market Breakdown, by End Users
9.5.5.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.5.6 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.5.6.1 Middle East and Africa: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.5.6.2 South Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.2.1 South Africa: Building Automation System Market Breakdown, by Component
9.5.6.2.2 South Africa: Building Automation System Market Breakdown, by Hardware
9.5.6.2.3 South Africa: Building Automation System Market Breakdown, by End Users
9.5.6.3 Saudi Arabia: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.3.1 Saudi Arabia: Building Automation System Market Breakdown, by Component
9.5.6.3.2 Saudi Arabia: Building Automation System Market Breakdown, by Hardware
9.5.6.3.3 Saudi Arabia: Building Automation System Market Breakdown, by End Users
9.5.6.4 United Arab Emirates: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.4.1 United Arab Emirates: Building Automation System Market Breakdown, by Component
9.5.6.4.2 United Arab Emirates: Building Automation System Market Breakdown, by Hardware
9.5.6.4.3 United Arab Emirates: Building Automation System Market Breakdown, by End Users
9.5.6.5 Rest of Middle East and Africa: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.5.6.5.1 Rest of Middle East and Africa: Building Automation System Market Breakdown, by Component
9.5.6.5.2 Rest of Middle East and Africa: Building Automation System Market Breakdown, by Hardware
9.5.6.5.3 Rest of Middle East and Africa: Building Automation System Market Breakdown, by End Users
9.6 South and Central America
9.6.1 South and Central America Building Automation System Market Overview
9.6.2 South and Central America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.3 South and Central America: Building Automation System Market Breakdown, by Component
9.6.3.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Component
9.6.4 South and Central America: Building Automation System Market Breakdown, by Hardware
9.6.4.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Hardware
9.6.5 South and Central America: Building Automation System Market Breakdown, by End Users
9.6.5.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by End Users
9.6.6 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.6.6.1 South and Central America: Building Automation System Market – Revenue and Forecast Analysis – by Country
9.6.6.2 Brazil: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.2.1 Brazil: Building Automation System Market Breakdown, by Component
9.6.6.2.2 Brazil: Building Automation System Market Breakdown, by Hardware
9.6.6.2.3 Brazil: Building Automation System Market Breakdown, by End Users
9.6.6.3 Argentina: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.3.1 Argentina: Building Automation System Market Breakdown, by Component
9.6.6.3.2 Argentina: Building Automation System Market Breakdown, by Hardware
9.6.6.3.3 Argentina: Building Automation System Market Breakdown, by End Users
9.6.6.4 Rest of South and Central America: Building Automation System Market – Revenue and Forecast to 2031 (US$ Million)
9.6.6.4.1 Rest of South and Central America: Building Automation System Market Breakdown, by Component
9.6.6.4.2 Rest of South and Central America: Building Automation System Market Breakdown, by Hardware
9.6.6.4.3 Rest of South and Central America: Building Automation System Market Breakdown, 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
