Building Automation System Market Region-based Analysis by 2025

Global Building Automation System Market: Overview

With escalating population and rapid urbanization across the world, the need to conserve energy is paramount. It is estimated that buildings consumer nearly 40% of the World’s energy consumption. In this scenario, new technologies such as the Internet of Things (IoT) has paved a way for building automation system, with which energy consuming facilities including heating, lighting, air conditioning, and ventilation can be efficiently managed. The concept of building automation system is application not only for the new constructions but for the existing residential buildings too, and promises to prove as a highly useful concept for commercial buildings as well as revolutionize the healthcare sector. Consequently, the demand in the global building automation system is anticipated to increment at a healthy growth rate during the forecast period of 2017 to 2025.

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Global Building Automation System Market: Key Trends

One of the primary property of building automation system is that they can be customized according to the need of the end-user, which can be either cost-efficiency with minimal automation or premium automation with a long-term goal. This factor is expected to augment the demand in the global building automation system market. In addition to that, several governments in developed as well as developing economies are offering lucrative subsidies for processes that conserve energy, and thereby encouraging the residential and commercial building owners to choose for these system. For instance, with building automation system, residential buildings can monitor and control security, HVAC, and lighting. Conversely, high implementation cost, long duration of return of investment, and lack of awareness among the consumers are some of the key factors challenging the market for building automation system from achieving its full potential.

Global Building Automation System Market: Market Potential

Increase in the use of personnel assistant in residential buildings, growing use of the Internet of Things, rising popularity of LED lights, and increased reliance on wireless technologies are some of the key factors favoring the global market for building automation system. In addition to that, growing security concerns is escalating the need to add strength to security, control personnel access, and monitor activity. With IoT, building automation system can also provide real-time medical help, which is opening various new opportunities for the players in this market. On the other hand, commercial applications such as shopping complexes, public transport areas such as airports and railway stations, and corporate office buildings are other targetable avenues for the participants of the global building automation system market.

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Global Building Automation System Market: Regional Outlook

Developed countries such as the U.S., the U.K., Canada, France, and Germany currently offer most of the demand for building automation system and makes North America and Europe as the most lucrative regions. However, Asia Pacific resides several emerging economies such as India, Japan, China, South Korea, and Malaysia. These countries are investing heavily towards improving their infrastructure and consequently, the construction industry is thriving. Increasing disposable income among the urban population in Asia Pacific region is adding to the demand for secure and efficient residential and commercial environment and hence is expected to expand the demand at most robust rate during the forecast period.

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Global Building Automation System Market: Competitive Landscape

Due to the presence a large number of players who operate at regional or international level, the global market for building automation system is fragmented in nature with high degree of competition. However, as the demand to conserve energy escalates across the world, there is enough fodder for everyone. Some of the leading players in the global building automation system market are Automated Logic, Honeywell, Johnson Controls International, and Schneider Electric, whereas other prominent vendors including Bosch Sicherheitssysteme GmbH, Dwyer, Emerson Electric, Beckhoff Automation, ABB, DELTA CONTROLS, CONTROL4, Distech Controls, Evon Technologies, Itron, and Legrand.

Rising Security Concerns to Propel Building Automation System Market

San Francisco, California, February 08, 2018 – The global build market is predicted to become increasingly popular due to rising security concerns demanding efficient control in home automation, according to recently published report, titled, “Building Automation Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” The study reports that the concept of building automation system can be applied not only for the new constructions but for the existing residential buildings too. It promises to prove to be a highly useful innovation for commercial buildings as well. As a result, the demand for global building automation systems is predicted to increment at a healthy growth rate over the coming years.

Recent concerns over security infringement are a noteworthy worry for the diverse government and private enterprises. The rising security concerns are swiftly changing the texture of the worldwide building automation systems market. This is a germane issue which is decidedly affecting the rise of the worldwide building automation systems market. Among all the market segments, the security and access controls fragment by and by holds a dominant share of the worldwide building automation systems market. The cutting edge establishments are generally outfitted with smart fire and security caution systems and the vast majority of the legislature and private buildings are equipping themselves with interruption alerts and evaluate control systems to shield themselves from any unexpected frequencies of fear.

The exceptionally digitized and smart building automation systems are in high demand in the market, as the propelled product of these systems is supported by IOT, Bluetooth and other portable applications. Aside from private and commercial buildings a portion of the luxurious properties around the world are placing security at the highest priority on their rundown. This is expected to accelerate the growth of the worldwide building automation systems market as well.

The key trends of customization in automation and building control systems and building energy management systems as indicated by end-client prerequisites will offer growth prospects for the global building automation and control systems market. A residential building requires checking and control of HVAC, security, and lighting control systems, while, commercial buildings require the observing and control of more items, including lighting systems, HVAC control system, and security and wellbeing systems. This builds the need for customized systems, for instance, the coordination with different gadgets to give control through individual stations, which thus, will drive the market’s upswing.

Economically developed countries, for instance, the U.S., the U.K., Canada, France, and Germany as of now hold a large part of the demand for building automation systems and makes North America and Europe as the most lucrative region. Additionally, Asia Pacific houses a few developing economies like Japan, China, India, South Korea, and Malaysia. These nations are contributing vigorously towards enhancing their infrastructure and subsequently, the construction business is flourishing. Growing discretionary incomes among the urban populace in Asia Pacific is adding to the demand for secure and productive commercial and residential conditions and subsequently is predicted to exhibit high demand over the coming years.

Some of the leading vendors of the global building automation system market are DELTA CONTROLS, Evon Technologies, Emerson Electric, Distech Controls, Beckhoff Automation, Bosch Sicherheitssysteme GmbH, and Itron.

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