Building Automation Systems (BAS), also known as Building Management Systems (BMS) or Energy Management Systems (EMS), are sophisticated networks of hardware and software designed to monitor and control a building’s mechanical and electrical equipment. These systems optimize building performance, enhance occupant comfort, and improve energy efficiency.
The Building Automation Systems Market size is projected to be valued at US$ 47,800 million in 2023 and is expected to rise to US$ 96,264 million by 2033. The sales of building automation systems are expected to grow at a significant CAGR of 7.4% during the forecast period.
The global industry for building automation systems has been driven by the Internet of Things’ increased popularity, increasing government and private sector activities, and rising security concerns.
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Additionally, wireless protocols and sensor networks are developing more quickly. Moreover, the intervention of industry 4.0 and rapidly evolving cloud technologies would further contribute towards industry expansion.
Here’s an overview of their significance:
- Efficient Energy Management: BAS enable centralized control and automation of various building systems, including HVAC (Heating, Ventilation, and Air Conditioning), lighting, security, and more. By integrating these systems and utilizing advanced algorithms, BAS optimize energy usage, reduce utility costs, and minimize environmental impact.
- Enhanced Comfort and Occupant Experience: BAS contribute to improved occupant comfort and productivity by maintaining optimal indoor environmental conditions. Automated temperature control, lighting adjustments, and personalized settings cater to individual preferences, creating a more pleasant and productive work or living environment.
- Remote Monitoring and Control: One of the key advantages of BAS is the ability to monitor and control building systems remotely. Facility managers can access real-time data, receive alerts for potential issues, and make adjustments remotely via computer or mobile device, ensuring quick response to changing conditions and efficient problem resolution.
- Data Analytics and Insights: BAS generate valuable data on building performance, energy usage, and equipment health. By leveraging advanced analytics tools, facility managers can gain insights into trends, identify opportunities for optimization, and make data-driven decisions to enhance operational efficiency and sustainability.
- Integration with Smart Technologies: BAS seamlessly integrate with emerging smart technologies such as Internet of Things (IoT) devices, artificial intelligence (AI), and cloud computing. This integration enables advanced functionalities such as predictive maintenance, adaptive learning algorithms, and proactive energy management, further enhancing the capabilities of building automation systems.
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Competitive Landscape:
The top 5 players in the global building automation industry include Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc. As per FMI’s analysis, top 5 players are anticipated to account for 44% of the total industry share.
As a part of their growth strategies, leading players operating in the global Building Automation Systems Market are emphasizing product developments, intensive research and development, and strategic collaborations, mergers, and acquisitions to establish a firm foothold in the industry. For instance:
- In August 2021, Schneider Electric, a global data center hardware giant, entered an on-demand leasing program hardware deal with the American Power Conversion line for uninterruptable power supplies (UPS). The partnership will allow channel partners to offer improved visibility and front-end maintenance across their customers’ UPS systems.
- In July 2021, ASM Global, a global leader in entertainment experience, announced a strategic collaboration with Honeywell International, a leader in connected buildings, to create smarter and safer venue operations and more enjoyable audience experiences across ASM’s diverse portfolio.
Leading Key Players:
- Honeywell International
- Beijer Electronics
- ABB
- Siemens AG
- Johnson Controls
- Schneider Electric
- General Electric
- Legrand
- Lutron Electronics Co
- Control4 Corporation
Building Automation Systems Market Segmentation:
By Product Type:
- Hardware
- Software
- Services
By System Type:
- Security & Surveillance
- HVAC
- Lighting Solutions
- BEMS (Building Energy Management)
By Application Type:
- Commercial
- Residential
- Government
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
Author By:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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