A building automation system (BAS) is an intelligent system comprised of software and hardware, connecting heating, lighting security, venting and air conditioning system (HVAC), and other systems to communicate on a single platform. Building automation systems are interlinked, centralized networks that can monitor and control the environment in commercial, industrial, and institutional facilities. The primary aim is to create an intelligent and efficient building and reduce energy and maintenance cost of the facility. Generally, a building controlled by BAS is referred to as an intelligent building or smart building or a smart home. When combined with sensors and other automation technologies, BAS can eliminate the requirement for human interference or control over various systems.
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Increasing demand for building automation system solutions, in order to reduce energy consumption is expected to drive growth of the global building automation systems market during the forecast period. According to the United Nations Environment Programme (UNEP), buildings such as residential, government, commercial, and others utilize around 40% of energy generated worldwide, while commercial and residential buildings utilize around 60% of the global electricity and uncontrolled building operations resulting unnecessary energy wastage of between 10% and 25%. In such cases, BAS help in reducing these numbers, which in turn, is expected to support the market growth. Furthermore, building automation systems offer improved monitoring and control over numerous applications, thereby providing cost saving and optimization of energy consumption. According to the U.S. Department of Energy report, Building Automation Systems (BAS) can aid in annual energy savings ranging between 2% and 26%, with a median saving of 15%. In terms of cost, BAS solutions can aid with a median saving of US$ 0.12 /sq. ft. annually.
Global Building Automation Systems Market- Impact of Coronavirus (Covid-19) Pandemic :
The covid-19 pandemic has immensely damaged the global economy. The effect of the pandemic on economic life of people was damaging. As global trade suffered due to lockdowns imposed to slow the spread of coronavirus, all businesses across the globe were shut down or operated with less manpower. Supply chain operations were disrupted and this led to a shortage of raw materials and components required for building automation projects. This hampered the growth of the global building automation systems market during the pandemic.
North America held a dominant position in the global building automation systems market in 2021
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Building Automation Systems Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 78.92 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 12.5 % | 2030 Value Projection: | US$ 225.12 Mn |
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Johnson Controls, Inc., United Technologies Corporation, Cisco Systems Inc., Honeywell International Inc., Legrand SA, Siemens AG, Schneider Electric SE., Ingersoll-Rand plc., Bosch Security Systems, Philips Lighting Holding B.V., General Electric Company, Lennox International Inc., Rheem Manufacturing Company. |
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North America held a dominant position in the global building automation systems market in 2021, accounting for 32.0% share in terms of market share, followed by Asia Pacific region.
Figure 1: Global Building Automation Systems Market Share (%), By Region, 2021
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North America is expected to hold a dominant position over the forecast period owing to the preference given by the consumers in North America to the HVAC (heating, Ventilation and Cooling) systems. HVAC systems enable proper air circulation, controlled HVAC systems help in automatic control of temperatures of the room, and also help in saving energy. All these advantages are inclining consumers to have HVAC systems in their offices, homes, and factories in the North America region. All these advantages are responsible for positive growth of building automation systems market in North America.
Asia Pacific is expected to witness significant growth in the forecast period as countries such as China, India, Japan, and Indonesia in the Asia Pacific region are fast emerging economies. Corporate sector and manufacturing sector is growing rapidly and hence infrastructure such as corporate buildings, and manufacturing plants requirements is also increasing rapidly. Building automation systems such as HVAC (Heating, Ventilation and Cooling), security systems, and lighting solutions have become important for corporate and manufacturing infrastructure due to the advantages they provide such as proper air circulation, good security features, proper lighting solutions and energy saving option. All these factors are expected to drive the growth of the building automation systems market in the Asia Pacific region in the forecast period.
Building energy management segment is expected to drive the global building automation systems market growth during the forecast period.
Building energy management focus on providing a centralized platform that is used to manage the energy usage of a building. It helps in eliminating energy wastage and helps in providing efficient use of energy. The system uses sensors to control the temperatures, room occupancy, security, and lighting systems. This helps in saving electric bills and reduces the wastage of energy. Hence, building energy management has become an essential part of building automation which is expected to drive the growth of the global building automation systems market.
Figure 2: Global Building Automation Systems Market (US$ Mn) Analysis and Forecast, 2018 - 2030
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Global building automation systems market was valued at US$ 78.92 Mn in 2021 and is expected to reach US$ 225.12 Mn by 2030, growing at a CAGR of 12.5% between 2022 and 2030.
Major players operating in the global building automation systems market include Johnson Controls, Inc., United Technologies Corporation, Cisco Systems Inc., Honeywell International Inc., Legrand SA, Siemens AG, Schneider Electric SE., Ingersoll-Rand plc., Bosch Security Systems, Philips Lighting Holding B.V., General Electric Company, Lennox International Inc., Rheem Manufacturing Company.
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