Global Building Automation System (BAS) Market Size, Share, Forecast Report 2019-2025

The global building automation system (BAS) market is expected to reach USD 119.23 Billion while experiencing a CAGR of 11.2% during the forecast period. Factors driving the market growth are increasing penetration of IoT, and rapid growth of construction industry in emerging economies. In addition, increasing demand for energy-efficient solution in buildings is expected to impel the industry growth over the years to come. Moreover, favorable government initiatives for the development of smart cities are creating an ample opportunity for the industry during the forecast period. However, high installation cost of automated systems along with extensive maintenance requirement, and lack of skilled technicians are anticipated to limit the market growth to some extent.

Building automation system is emerging as a cost-effective tool for different types of buildings. It provides an ease of installation as well as flexibility when modification of system is needed. Moreover, with increasing number of smart cities, the adoption rate of BAS is exponentially gaining momentum. It serves wide range of applications such as lighting, heating, ventilation, and air conditioning, and security among others. In addition, growing adoption of internet of things along with the implementation of real-time monitoring devices in smart commercial buildings is further propelling the demand for building automation system during the forecast period.

Evolution of smart cities in emerging economies is likely to fuel the market growth

The building sector is accounted for 30% of total energy consumption. It is estimated that most of the energy consumed is originated from fossil fuels. Many cities are facing harmful emissions, and thus deploying building automation system enables cities to lower down emissions by approx. 3%. Furthermore, it is used to ensure indoor environmental conditions while maintaining low operational cost and high energy efficiency.

Global Building Automation System – Regional Insight

Geographically, building automation system market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa, and Central & South America. Asia-Pacific is likely to register the highest CAGR during the forecast period. The regional growth is primarily driven by increasing building construction along with the ongoing smart city projects in emerging economies such as China and India. However, North America held the largest market share in 2018, followed by Europe, and is expected to retain its dominance over the forecast period. Regional growth is highly influenced by the presence of prominent players in the region. Moreover, regulatory norms to attain zero carbon emission are further impelling the regional growth.

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total building automation system market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the BAS market
  • Finalizing the overall size and share for the global building automation system market

The years used for the assessment are as follows;

  • Historic years: 2015, 2016 and 2017
  • Base year: 2018
  • Forecast period: 2019 – 2025

OBJECTIVES:

  • To classify the global building automation system market into segments and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the BAS market.
  • Profiling key companies operating in the global building automation system market.
  • To study market response with respect to the mergers and acquisitions in the industry

CHAPTER 1. Market Scope and Methodology

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

CHAPTER 2. Executive Summary

2.1. Building Automation System – Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market Definition

3.2. Market Segmentation

3.3. Key Findings of the Global Building Automation System Market

3.4. Market Opportunities & Trends

3.4.1. Favorable government initiatives for smart cities

3.5. Market Dynamics

3.5.1. Market driver analysis

  3.5.1.1. Increasing penetration of Internet of things (IoT)

  3.5.1.2. Rapid growth of construction industry in emerging economies

  3.5.1.3. Increasing demand for energy-efficient solution in buildings

3.5.2. Market restraint analysis

  3.5.2.1. High installation cost of automated systems

  3.5.2.2. Lack of skilled technicians

CHAPTER 4. Competitive Outlook

4.1. Company Share Analysis

4.2. Porters-Five Forces Analysis

4.3. Competitive factors

CHAPTER 5. Global Building Automation System Market Size and Forecast (2019-2025)

5.1. Global Building Automation System Market, By Offering (USD Billion)

5.1.1. Facility Management System

5.1.1.1. Heating, Ventilation, and Air Conditioning (HVAC) Control System

5.1.1.2. Lighting Control System

5.1.2. Security and Access Control System

5.1.2.1. Video Surveillance System

5.1.2.2. Biometric System

5.1.3. Fire Protection System

5.1.3.1. Sensors and Detectors

5.1.3.2. Fire Alarms

5.1.3.3. Fire Sprinklers

5.1.3.4. Emergency Lighting, Voice Evacuation, and Public Alert

5.1.4. Others

5.2. Global Building Automation System Market, By Control Technology (USD Billion)

5.2.1. Wired

5.2.2. Wireless

5.3. Global Building Automation System Market, By Application (USD Billion)

5.3.1. Residential Building

5.3.2. Industrial Building

5.3.3. Commercial Building

5.3.4. Government Building

5.3.5. Others

CHAPTER 6. Global Building Automation System Market Size and Forecast, By Geography (2019-2025)

6.1. North America Building Automation System Market (USD Billion)

6.1.1. North America Building Automation System Market, By Offering (USD Billion)

6.1.2. North America Building Automation System Market, By Control Technology (USD Billion)

6.1.3. North America Building Automation System Market, By Application (USD Billion)

6.1.4. North America Building Automation System Market, By Country (USD Billion)

 6.1.4.1. U.S.

 6.1.4.2. Canada

 6.1.4.3. Mexico

6.2. Europe Building Automation System Market (USD Billion)

6.2.1. Europe Building Automation System Market, By Offering (USD Billion)

6.2.2. Europe Building Automation System Market, By Control Technology (USD Billion)

6.2.3. Europe Building Automation System Market, By Application (USD Billion)

6.2.4. Europe Building Automation System Market, By Country (USD Billion)

  6.2.4.1. UK

  6.2.4.2. Germany

  6.2.4.3. Italy

  6.2.4.4. France

  6.2.4.5. Rest of Europe

6.3. Asia-Pacific Building Automation System Market (USD Billion)

6.3.1. Asia-Pacific Building Automation System Market, By Offering (USD Billion)

6.3.2. Asia-Pacific Building Automation System Market, By Control Technology (USD Billion)

6.3.3. Asia-Pacific Building Automation System Market, By Application (USD Billion)

6.3.4. Asia-Pacific Building Automation System Market, By Country (USD Billion)

  6.3.4.1. China

  6.3.4.2. Japan

  6.3.4.3. India

  6.3.4.4. Australia

  6.3.4.5. New Zealand

  6.3.4.6. South Korea

  6.3.4.7. Rest of Asia-Pacific

6.4. Central & South America (CSA) Building Automation System Market (USD Billion)

6.4.1. CSA Building Automation System Market, By Offering (USD Billion)

6.4.2. CSA Building Automation System Market, By Control Technology (USD Billion)

6.4.3. CSA Building Automation System Market, By Application (USD Billion)

6.4.4. CSA Building Automation System Market, By Country (USD Billion)

  6.4.4.1. Brazil

  6.4.4.2. Rest of CSA

6.5. Middle East and Africa (MEA) Building Automation System Market (USD Billion)

6.5.1. MEA Building Automation System Market, By Offering (USD Billion)

6.5.2. MEA Building Automation System Market, By Control Technology (USD Billion)

6.5.3. MEA Building Automation System Market, By Application (USD Billion)

6.5.4. MEA Building Automation System Market, By Country (USD Billion)

  6.5.4.1. UAE

  6.5.4.2. Saudi Arabia

  6.5.4.3. South Africa

  6.5.4.4. Rest of MEA

CHAPTER 7. Key Players and Strategic Developments

7.1. Siemens AG

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Schneider Electric

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Crestron Electronics, Inc.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Distech Controls Inc.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Lutron Electronics Co., Inc.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. ABB

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. United Technologies Corp.

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Johnson Controls

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Honeywell International Inc.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Emerson Electric Co.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. Cisco Systems, Inc.

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

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