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2020

Building Automation and Controls Market

Building Automation and Controls Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Offering and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Author's: Avinash Savekar | Vineet Kumar
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Building Automation and Controls Market Outlook-2027 

The global building automation and controls market size was valued at $101.91 billion in 2019, and is expected to reach $215.59 billion by 2027 growing at a CAGR of 11.10% from 2020 to 2027. Building automation and controls system is the automatic centralized control for heating, ventilation, & air conditioning; lighting; and security & access control systems.

The building automation and controls system uses sensors, detectors, relays, and other smart components integrated with intelligent electronics, which give access to central computing system to operate. They are used in various industry verticals such as industrial, enterprises, retail, hospitality, residential, and others. Some of the companies operating in the building automation and controls market are Siemensand Honeywell.

Building Automation and Controls Market

 

The growing deployment of building automation systems in large office buildings, shopping complexes, and public transport areas, such as railway stations and airports, is expected to drive the market growth for building automation and controls system. In addition, lighting controls, HVAC control, and security & access control systems are the major products used in residential, enterprise, and commercial sectors.

However, security & access control systems have become the essential part of several industry verticals, owing to rising security concerns in every sector. Furthermore, surging need for HVAC control, energy-efficient lighting control, and improved standard of living are expected to boost the growthof the building automation and controls market globally.

The global building automation and controls market size is expected to witness significant growth during the forecast period, owing to the rising need for advanced energy-efficient interventions. Smart building solutions help engineers optimize the base load of the building to monitor power consumption by the major building systems, such as HVAC or lighting and others, which improve the energy efficiency of buildings. 

Some of the leading countries have witnessed increase in adoption of IoT and AI integrated electronics and computing systems. IoT technology when integrated in an electronic system provides remote access to the user. The integration of AI provides the device with intelligence, giving it the ability to create an automated environment. These technologies when integrated in building management and controls systems provide users with the convenience of hassle-free and worry-less experience. 

Moreover,constant development of a supportive regulatory structure and legislative requirements fuel the demand for intelligent building solutions. In addition, development of smart cities in emerging countries and government initiatives are expected to boost the building automation and controls market growth in the coming years. However, lack of interoperability between devices hampers the growth of the market. 

Building Automation and Controls Market
By Product Type
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HVAC Control segment is projected to be the most lucrative segment

 

The global building automation and controls market is segmented on the basis of product type, offering, industrial vertical, and region. On the basis of product type, the market is divided into HVAC control, lighting control, and security & access control. Based on offering, it is bifurcated into integration and services. Depending on industry vertical, it is classified into residential, enterprise, industrial, hospitality, retail, and others.

Building Automation and Controls Market
By Offering
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Integration segment will maintain the lead throughout the forecast period

 

Region-wise, the building automation and controls markettrends are analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).Europe accounted for the highest share, owing to the development of wireless technology and increase in construction of smart cities.

Building Automation and Controls Market
By Industry Vertical
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Industrial segment will dominate the market during 2020 - 2027

 

Top Impacting Factors

The prominent factors that drive the growth of the building automation and controls market include rising need for advanced energy-efficient interventions, growing deployment of building automation systems, and rise in demand for convenient user experience. However, lack of interoperability between devices hampers the growth of the market.Conversely, development of smart cities in emerging countries and government initiatives are expected to create lucrative opportunities for the building automation and controls industry.

Building Automation and Controls Market
By Region
2027
Europe 
North America
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 13.20% during 2020 - 2027

 

Competition Analysis

Competitive analysis and profiles of the major building automation and controls market leaders, such as Honeywell International, Beijer Electronics, ABB, Siemens AG, Johnson Controls, Schneider Electric, General Electric, Legrand, Lutron Electronics Co., and Control4 Corporation,are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

COVID-19 Analysis

The building automation and controls market has been significantly impacted by the COVID-19 outbreak. At the start of the outbreak, the main impact faced by many manufacturers was supply problems, owing to halted production. Attributed to lockdown measuresand halt of non-essential businesses, the demand for residential, enterprise, & industrial use of building automation system has been decreased. Consequently, the manufacturing & supply of building automation and controls system is returning to normal levels.

Attributed to the ongoing COVID-19 crises, the construction market is expected to witness abrupt downturn this year. However, a slow recovery is anticipated to begin next year. It is also estimated that the construction market will face a lot of challenges leading to the COVID-19 crisis with stagnation trends in many countries. Moreover, the ongoing crisis is expected to have a huge negative impact on the construction industry across the globe. However, Europe is estimated to witness positive growth rates next year and normalization in 2022.

Key BenefitsFor Stakeholders:

  • This study comprises analytical depiction of the global market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall building automation and controls market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and market opportunities with a detailed impact analysis.
  • The current building automation and controls market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the building automation and controls market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Building Automation and Controls Market Report Highlights

Aspects Details
Building Automation and Controls Market By Product Type
By Product Type
  • HVAC Controls
  • Lighting Controls
  • Security & Access Controls
Building Automation and Controls Market By Offering
By Offering
  • Integration
  • Services
Building Automation and Controls Market By Industry Vertical
By Industry Vertical
  • Residential
  • Enterprise
  • Industrial
  • Hospitality
  • Retail
  • Others
Building Automation and Controls Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, .South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Johnson Controls, Control4, Lutron Electronics Co., Inc, SIEMENS AG, ABB, Ltd., HONEYWELL INTERNATIONAL INC., BEIJER ELECTRONICS, GENERAL ELECTRIC, SCHNEIDER ELECTRIC, Legrand

Analyst Review

The global building automation and controls market is expected to grow at a promising rate during the forecast period, owing to implementation of government policies, rise in need for responsive, smart, safe, commercial, and residential spaces. The building automation and controls market delivers integrated lighting, improved comfort, greater security, and better sanitation in an energy-efficient and smart way while saving the operational costs for long term.

The major factors that drive the building automation and controls market areincreasing need for advanced energy-efficient interventions, growing deployment of building automation systems, and rise in demand for convenient user experience. Moreover, constant development of the supportive regulatory structure and legislative requirements fuel the demand for intelligent building solutions.

In addition, increase in development of smart cities in emerging countries and government initiatives are expected to boost the growth of the building automation and controls market in the coming years. However, lack of interoperability between devices hampers the growth of the building automation and controls market.

By region, the building automation and controls market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis had identified that Europe contributed maximum revenue in 2019 and is expected to follow the same trend during the forecast period. Factors, such as increase in penetration of digital electronic devices and high adoption of advanced technologies, have provided several growth opportunities for the building automation and controls market in Europe.

The report focuses on the growth prospects, restraints, and trends of the building automation and controls market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, in the building automation and controls market.
 

Author Name(s) : Avinash Savekar | Vineet Kumar
Frequently Asked Questions?

The Building Automation and Controls Market is estimated to grow at a CAGR of 11.10% from 2020 to 2027.

The Building Automation and Controls Market is projected to reach $215.59 billion by 2027.

To get the latest version of sample report

Rising need for advanced energy-efficient interventions, and growing deployment of building automation systems etc. drives the growth of Building Automation and Controls Market.

The key players profiled in the report include Honeywell International, Beijer Electronics, ABB, Siemens AG, Johnson Controls, Schneider Electric, Legrand, and many more.

On the basis of top growing big corporations, we select top 10 players.

The Building Automation and Controls Market is segmented on the basis of product type, offering, industrial vertical, and region.

The key growth strategies of Building Automation and Controls market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

Industrial segment holds a dominant position throughout the forecast period.

Asia-Pacific region will grow at a highest CAGR of 13.20% during 2020 - 2027.

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Building Automation and Controls Market

Global Opportunity Analysis and Industry Forecast, 2020-2027