ビルディングオートメーションシステム市場 : 2028年までの世界予測

Report Overview

The building automation system market is expected to reach USD 155.9 billion by 2028 from 88.4 billion in 2023, at a CAGR of 12.0% during the 2023- 2028 period.

The IoT’s evolution enables seamless communication between electronic devices without human intervention, revolutionizing building automation systems. Traditionally, HVAC, security, and lighting systems operated independently, but IoT integration empowers providers to introduce smart devices for efficient building management.

Cloud technology allows building automation providers to offer autonomous, data-rich monitoring services. This cloud-based system offers a user-friendly interface and data analytics, providing insights into weather forecasts, lighting control, access permissions, utility usage, and heating/cooling patterns. IoT facilitates automatic temperature adjustments based on sensor data, reducing energy consumption and costs.
This integration also makes building automation systems more cost-effective for buildings of all sizes.
Data analytics, driven by the vast data streams from various sources like sensors and thermostats, has the potential to transform the building automation market. It enhances facility management, reduces costs, and improves performance. The challenge lies in delivering intelligent solutions to predict equipment failures and understand user behavior through historical data analysis. Leading companies like IBM and Schneider are pioneering advanced data analytics platforms, but there is immense potential for expanding these capabilities, ultimately tailoring solutions to each building’s unique data profile.

“Security & Access Control is expected to have the highest market share in the forecast period.”
The safety and security systems of buildings and their occupants now include security and access control systems as standard components. They have done away with human intervention and transformed building security. These devices are put in place in buildings to track who enters and leaves, monitor people’s movements and activities, and raise security levels. These systems are used by many organizations to monitor activity within buildings, regulate entry to premises, and safeguard their property, personnel, and data. To protect their citizens from terrorist assaults, governments throughout the world are investing more and more in creating dependable and strong security systems. The need for home security solutions is increasing quickly due to a number of factors, including the need to monitor children and provide medical care for elderly people at home, an increase in crime, and technological developments in home security solutions. Biometric and video surveillance systems are two categories under which security and access control systems fall. In the building automation system industry, Honeywell Security Group (US), Siemens AG (Germany), Carrier (US), and Trane Technologies (Ireland) are prominent players that offer security and access control systems.

“North America recorded the highest market share in the building automation system market for 2022.”
North America stands as one of the world’s most developed regions and a prominent hub for the building automation systems market. In the year 2022, North America held a highest market share within the building automation system industry. The escalating demand for energy management and the increasing desire for eco-friendly residences have fueled the expansion of the North American building automation system market. This market has been scrutinized with a focus on the US, Canada, and Mexico.
Government agencies across the region collaborate to foster efficient and clean energy production and utilization. A noteworthy example is the North American Energy Working Group (NAEWG), established in 2001 through the joint efforts of the US, Canada, and Mexico. NAEWG’s primary objective is to bolster energy cooperation within the region. This includes enhancing communication and collaboration among these nations’ governments and energy sectors regarding shared energy-related concerns. Additionally, the group concentrates on advancing energy trade and ensuring consistent interconnections in North America to promote sustainable development.

“Builing automation system by commercial application is projected to have the highest market share in the forecast period”
Commercial applications of building automation systems encompass office complexes, hotels, healthcare institutions, retail and public gathering spaces, airports and train stations, warehouses, and more. Office buildings stand out as significant users of commercial building automation systems due to the prevalent utilization of energy-intensive equipment like HVAC and lighting control systems. These systems in office buildings primarily encompass HVAC control, lighting control, and security and access control. Many businesses prioritize creating a comfortable work environment with well-managed HVAC and efficient lighting systems to enhance employee productivity. For instance, May 2023 marked the completion of a 16-story office tower- the 555 Greenwich development- in New York City, touted as one of the most sustainable office buildings in the city, developed by the Hudson Square Properties and Hines. The office building features an innovative HVAC system with geothermal wells, a dedicated outdoor air system (DOAS), radiant heating and cooling, and a sophisticated control system for optimal performance. Connected to an adjoining office building, it is expected to use less than half the energy of its neighbor and be 40% more energy-efficient than the average large office building in New York. The tower is fully electrified, uses advanced HVAC technologies, and employs AI for energy-efficient operations, setting a precedent for sustainability in the city. Consulting engineers and sustainable design firms collaborated on this advanced HVAC system.
Retail buildings encompass various retail outlets, grocery stores, and expansive shopping malls. Public buildings include government-owned public administration facilities, municipal offices, utilities for water and electricity distribution, sports complexes, and auditoriums. Retail operations present a complex landscape with challenges such as security concerns, including theft and inventory losses that impact profits. Therefore, security and access control systems are of paramount importance in the retail sector. Furthermore, the adoption of HVAC control and security systems has become a standard practice in shopping malls and grocery stores, ensuring the safety and comfort of shoppers while also contributing to energy cost reductions. Some companies deliver building automation system solutions for retail and public assembly buildings. For instance, 75F, and Indian company based in Bengaluru, offers building automation systems for retail applications that include energy management solutions to increase energy efficiency, creating effective scheduling for building lighting etc. The company- 75F received an investment from Next47, the global venture capital firm backed by Siemens, led the investment on behalf of Siemens Smart Infrastructure, because of its innovative solutions.
The majority of retailers contend with the issue of exceptionally narrow profit margins, rendering them acutely conscious of their operational expenditures. From individual stores to global retail chains, concerns revolve around building leases, escalating merchandise costs, and various fixed expenses. As a result, there has been a growing inclination towards implementing building automation systems, primarily to mitigate energy expenses. Leveraging wireless communication and cloud technology has made building controls more cost-effective. The adoption of building automation systems incorporating wireless communication and cloud capabilities has empowered numerous retail enterprises to achieve substantial energy cost reductions, often reaching up to 30%.

“Facility management type lighting control to grow at the highest CAGR for building automation system in the forecast period”
Lighting controls are important in building automation. Despite using less energy than HVAC systems, lighting systems are deployed in huge numbers in buildings, necessitating their automation. Lighting controls fulfill the current demands for environmental sustainability and responsibility while assisting in the promotion of energy efficiency and cost savings in a simple and accessible way. Lighting controls allow lighting systems to adapt to the real-world conditions in a room, such as the quantity of natural light present and the number of people using the space. As a result, lighting controls give residents the appropriate quantity of artificial light based on their needs. These systems are widely used in commercial, residential, and industrial buildings for both interior and outdoor illumination. The demand for lighting controls is rising worldwide since they are crucial for energy conservation.
Lighting sensors can be used to detect occupancy, daylight, and motion. This data can then be used to automate the operation of lighting systems, such as turning lights on and off automatically, adjusting the brightness of lights, and dimming lights when there is sufficient natural light. These sensors can help to improve energy efficiency by reducing the amount of time that lights are on unnecessarily. For example, occupancy sensors can turn off lights in empty rooms, and daylight harvesting systems can reduce the need for artificial light during the day. They can help to reduce operating costs by lowering energy bills. Additionally, they can reduce the need for maintenance and replacement of lighting fixtures. They can help to improve comfort and productivity by creating a more dynamic and responsive lighting environment. They can also be used to enhance security by detecting movement in areas where people should not be.

The break-up of the profile of primary participants in the building automation system market-
• By Company Type: Tier 1 – 30%, Tier 2 – 50%, Tier 3 – 20%
• By Designation Type: C Level – 25%, Director Level – 35%, Others – 40%
• By Region Type: North America – 35%, Europe –30 %, Asia Pacific – 25%, RoW – 10%,

The major players in the building automation system market are Honeywell International Inc. (US), Siemens (Germany), Johnson Controls (US), Schneider Electric (France), Carrier (US), Robert Bosch GmbH (Germany), Legrand (France), Hubbell (US), ABB (Switzerland), Trane Technologies plc (Ireland), Lutron Electronics Co., Inc (US), Crestron Electronics, Inc. (US), Hitachi, Ltd. (Japan), Delta Controls (Canada), Beckhoff Automation (Germany), Lennox International Inc. (US), Current Lighting Solutions, LLC. (US), ACUITY BRANDS, INC, (Canada), Dialight (UK), Cisco Systems, Inc. (US), Rockwell Automation (US), Snap One, LLC (US), Signify Holding (Netherlands), Emerson Electric Co. (US), Leviton Manufacturing Co., Inc. (US), Mitsubishi Electric Corporation (Japan), Huawei Technologies Co., Ltd. (China), Bajaj Electricals Ltd (India), and Beijer Electronics, Inc. (Sweden).

Research Coverage
The report segments the building automation system market and forecasts its size based and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall building automation system market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Analysis of key drivers (empowering building automation through remote monitoring and control), restraints (complexity of customizing building automation solution), opportunities (increasing government and stakeholders’ investments for the establishment of smart cities), and challenges (rapid technological evolution poses an obstacle to the building automation system growth)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the building automation system market
• Market Development: Comprehensive information about lucrative markets – the report analyses the building automation system market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the building automation system market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Honeywell International Inc. (US), Siemens (Germany), Johnson Controls (US), Schneider Electric (France), Carrier (US), and many more.

Table of Contents

1            INTRODUCTION            24

1.1         STUDY OBJECTIVES      24

1.2         MARKET DEFINITION   24

1.2.1      INCLUSIONS AND EXCLUSIONS 25

1.3         STUDY SCOPE  26

1.3.1      MARKETS COVERED     26

FIGURE 1           BUILDING AUTOMATION SYSTEM MARKET: SEGMENTATION              26

1.3.2      REGIONAL SCOPE         26

1.3.3      YEARS CONSIDERED     27

1.3.4      CURRENCY CONSIDERED          27

1.4         LIMITATIONS   27

1.5         STAKEHOLDERS            28

1.6         SUMMARY OF CHANGES            28

1.7         RECESSION IMPACT      28

2            RESEARCH METHODOLOGY     29

2.1         RESEARCH DATA           29

FIGURE 2           BUILDING AUTOMATION SYSTEM MARKET: RESEARCH DESIGN              30

2.1.1      SECONDARY DATA       30

2.1.1.1   Key data from secondary sources     31

2.1.1.2   Key secondary sources       32

2.1.2      PRIMARY DATA 32

2.1.2.1   Key data from primary sources         33

2.1.2.2   Key participants for primaries          33

2.1.2.3   Breakdown of primaries     34

2.1.2.4   Key industry insights          34

2.1.3      SECONDARY AND PRIMARY RESEARCH 35

2.2         MARKET SIZE ESTIMATION       35

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS IN BUILDING AUTOMATION SYSTEM MARKET           36

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN BUILDING AUTOMATION SYSTEM MARKET      37

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF BUILDING AUTOMATION SYSTEM MARKET BASED ON REGION    38

2.2.1      BOTTOM-UP APPROACH           38

2.2.1.1   Approach to derive market size using bottom-up analysis           38

FIGURE 6           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       39

2.2.2      TOP-DOWN APPROACH             39

2.2.2.1   Approach to derive market size using top-down analysis            39

FIGURE 7           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       39

2.3         MARKET SHARE ESTIMATION   40

2.4         DATA TRIANGULATION             40

FIGURE 8           DATA TRIANGULATION             41

2.5         RISK ASSESSMENT         41

TABLE 1             RISK ASSESSMENT         42

2.6         PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON BUILDING AUTOMATION SYSTEM MARKET      42

2.7         RESEARCH ASSUMPTIONS         43

2.8         RESEARCH LIMITATIONS           43

3            EXECUTIVE SUMMARY 44

3.1         IMPACT OF RECESSION 44

FIGURE 9           BUILDING AUTOMATION SYSTEM MARKET: IMPACT OF RECESSION       45

FIGURE 10         SECURITY & ACCESS CONTROLS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028          45

FIGURE 11         COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 46

FIGURE 12         WIRELESS TECHNOLOGIES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD        46

FIGURE 13         ASIA PACIFIC TO REGISTER HIGHEST CAGR IN BUILDING AUTOMATION SYSTEM MARKET DURING FORECAST PERIOD  47

4            PREMIUM INSIGHTS      48

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BUILDING AUTOMATION SYSTEM MARKET           48

FIGURE 14         RISING FOCUS ON CONSTRUCTING ENERGY-EFFICIENT AND ECO-FRIENDLY BUILDINGS       48

4.2         BUILDING AUTOMATION SYSTEM MARKET, BY FACILITY MANAGEMENT SYSTEMS           48

FIGURE 15         HVAC CONTROLS SEGMENT TO HOLD LARGER MARKET SHARE IN 2023  48

4.3         BUILDING AUTOMATION SYSTEM MARKET, BY SECURITY AND ACCESS CONTROL TYPE            49

FIGURE 16         BIOMETRIC SYSTEMS SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD     49

4.4         BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRY        49

FIGURE 17         INDIA TO EXHIBIT HIGHEST CAGR IN BUILDING AUTOMATION SYSTEM MARKET DURING FORECAST PERIOD  49

5            MARKET OVERVIEW     50

5.1         INTRODUCTION            50

5.2         MARKET DYNAMICS     51

FIGURE 18         BUILDING AUTOMATION SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       51

5.2.1      DRIVERS            52

5.2.1.1   High emphasis on constructing energy-efficient buildings          52

5.2.1.2   Incorporation of advanced surveillance and biometric technologies into building automation systems           52

5.2.1.3   Integration of IoT technologies and data analytics into building automation systems  53

5.2.1.4   Development of wireless protocols and wireless sensor network technology for building automation systems            53

5.2.1.5   Growing need to enhance occupant comfort, productivity, security, and safety in residential, commercial, and industrial sectors             54

FIGURE 19         BUILDING AUTOMATION SYSTEM MARKET: IMPACT ANALYSIS OF DRIVERS  54

5.2.2      RESTRAINTS     55

5.2.2.1   Technical complexities associated with installation and maintenance and shortage of skilled professionals       55

5.2.2.2   Difficulties in customizing building automation systems            55

FIGURE 20         BUILDING AUTOMATION SYSTEM MARKET: IMPACT ANALYSIS OF RESTRAINTS         56

5.2.3      OPPORTUNITIES           56

5.2.3.1   Increasing investments by governments and various stakeholders in establishment of smart cities      56

5.2.3.2   Government-led initiatives to enhance energy efficiency and comply with green building standards             56

5.2.3.3   Integration of building automation systems with renewable energy sources              57

FIGURE 21         BUILDING AUTOMATION SYSTEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 57

5.2.4      CHALLENGES   58

5.2.4.1   Lack of standardized communication protocols            58

5.2.4.2   Need to keep systems up-to-date with rapid technological advancements 58

FIGURE 22         BUILDING AUTOMATION MARKET: IMPACT ANALYSIS OF CHALLENGES   59

5.3         SUPPLY CHAIN ANALYSIS          59

FIGURE 23         BUILDING AUTOMATION SYSTEM MARKET: SUPPLY CHAIN ANALYSIS          59

5.3.1      RESEARCH AND DEVELOPMENT (R&D) 60

5.3.2      PRODUCT MANUFACTURING   60

5.3.3      SYSTEM INTEGRATION 60

5.3.4      MARKETING AND SALES            60

5.3.5      APPLICATIONS 60

5.4         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 60

FIGURE 24         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              61

5.5         ECOSYSTEM MAPPING 61

TABLE 2             COMPANIES AND THEIR ROLE IN BUILDING AUTOMATION SYSTEM ECOSYSTEM    61

FIGURE 25         BUILDING AUTOMATION SYSTEM MARKET: ECOSYSTEM MAPPING          62

5.6         TECHNOLOGY ANALYSIS           63

5.6.1      AI-DRIVEN ANALYTICS 63

5.6.2      IP-BASED BUILDING AUTOMATION SYSTEMS   63

5.6.3      CLOUD-BASED FIRE PROTECTION SYSTEMS     63

5.6.4      THERMAL CAMERAS IN ACCESS CONTROL SYSTEMS     64

5.6.5      DIGITAL TWIN TECHNOLOGY IN BUILDING AUTOMATION      64

5.7         PORTER’S FIVE FORCES ANALYSIS         64

FIGURE 26         BUILDING AUTOMATION SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS         65

FIGURE 27         IMPACT OF PORTER’S FIVE FORCES      65

TABLE 3             BUILDING AUTOMATION SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS         66

5.7.1      INTENSITY OF COMPETITIVE RIVALRY 66

5.7.2      THREAT OF NEW ENTRANTS    66

5.7.3      THREAT OF SUBSTITUTES         66

5.7.4      BARGAINING POWER OF BUYERS           67

5.7.5      BARGAINING POWER OF SUPPLIERS     67

5.8         CASE STUDY ANALYSIS 67

5.8.1      IVY LEAGUE UNIVERSITY PARTNERED WITH BUILDINGS IOT TO INSTALL LEGACY BUILDING SYSTEMS  67

5.8.2      SANTA CLARA-BASED SOFTWARE COMPANY PARTNERED WITH BUILDINGS IOT TO INCREASE OPERATIONAL EFFICIENCY BY INTEGRATING DIFFERENT DATA STREAMS INTO SINGLE REPOSITORY, UPGRADING AND CUSTOMIZING ANALYTICS       68

5.8.3      HIPPODROME PARIS-LONGCHAMP (SPORTS FACILITY IN FRANCE) UTILIZED LDALI-ME204-U DALI CONTROLLERS OF LOYTEC TO STREAMLINE LIGHTING CONTROL AND ENHANCE EFFICIENCY         69

5.9         PATENT ANALYSIS        70

5.9.1      DOCUMENT TYPE         70

TABLE 4             PATENTS FILED AND GRANTED, 2013–2022        70

FIGURE 28         PATENTS APPLIED AND ISSUED, 2013–2022        70

5.9.2      PUBLICATION TREND  71

FIGURE 29         NUMBER OF PATENTS PUBLISHED EACH YEAR, 2013–2022              71

5.9.3      JURISDICTION ANALYSIS           71

FIGURE 30         JURISDICTION ANALYSIS, 2013–2022      71

5.9.4      TOP PATENT OWNERS 71

FIGURE 31         TOP 10 PATENT OWNERS FROM 2013 TO 2022   72

TABLE 5             TOP 20 PUBLISHED PATENT OWNERS IN LAST 10 YEARS              72

5.10       TRADE ANALYSIS          73

FIGURE 32         COUNTRY-WISE EXPORT DATA FOR PRODUCTS UNDER HS CODE 8415, 2018–2022   73

TABLE 6             EXPORT DATA FOR HS CODE 8415-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND)       73

FIGURE 33         COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE 8415, 2018–2022            74

TABLE 7             IMPORT DATA FOR HS CODE 8415-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND)       74

5.11       PRICING ANALYSIS        75

5.11.1    AVERAGE SELLING PRICE (ASP) OF FACILITY MANAGEMENT SYSTEMS OFFERED BY TOP THREE PLAYERS, 2022 (USD) 75

TABLE 8             AVERAGE SELLING PRICE (ASP) OF FACILITY MANAGEMENT SYSTEMS OFFERED BY TOP THREE PLAYERS, 2022 (USD)            75

TABLE 9             HISTORIC AVERAGE SELLING PRICE (ASP) OF HVAC CONTROLS OFFERED BY THREE KEY PLAYERS, 2019–2022 (USD)             75

5.11.2    INDICATIVE PRICING OF HVAC, BY REGION, 2022 (USD)             76

5.12       TARIFF ANALYSIS          76

TABLE 10           MFN TARIFF RELATED TO PRODUCTS INCLUDED UNDER HS CODE: 8415 EXPORTED BY CHINA, 2022 76

5.13       STANDARDS AND REGULATORY LANDSCAPE   76

5.13.1    STANDARD RELATED TO BUILDING AUTOMATION SYSTEMS   76

TABLE 11           BUILDING AUTOMATION SYSTEM MARKET: STANDARDS              76

5.13.2    REGIONAL REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS          77

TABLE 12           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         77

TABLE 13           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

TABLE 14           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         80

TABLE 15           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         81

5.14       KEY CONFERENCES AND EVENTS, 2023–2024     81

5.15       KEY STAKEHOLDERS AND BUYING CRITERIA    83

5.15.1    KEY STAKEHOLDERS IN BUYING PROCESS         83

FIGURE 34         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR THREE KEY APPLICATIONS       83

TABLE 16           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR THREE KEY APPLICATIONS (%) 83

5.15.2    KEY BUYING CRITERIA 83

FIGURE 35         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              83

TABLE 17           KEY BUYING CRITERIA FOR THREE KEY APPLICATIONS              84

6            BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING        85

6.1         INTRODUCTION            86

FIGURE 36         BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING              86

FIGURE 37         SECURITY & ACCESS CONTROLS SEGMENT TO DOMINATE BUILDING AUTOMATION SYSTEM MARKET FROM 2023 TO 2028             87

TABLE 18           BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)          87

TABLE 19           BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)          87

6.2         FACILITY MANAGEMENT SYSTEMS       88

TABLE 20           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION) 88

TABLE 21           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION) 88

TABLE 22           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 89

TABLE 23           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 89

TABLE 24           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)           89

TABLE 25           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)           90

TABLE 26           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)              90

TABLE 27           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)              90

TABLE 28           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)              91

TABLE 29           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)              91

TABLE 30           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)              91

TABLE 31           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)              92

6.2.1      LIGHTING CONTROLS 92

6.2.1.1   Optimize energy efficiency and user comfort by intelligently managing and adjusting lighting levels     92

TABLE 32           BUILDING AUTOMATION SYSTEM MARKET, BY FACILITY MANAGEMENT SYSTEM TYPE, 2019–2022 (MILLION UNITS)        92

TABLE 33           BUILDING AUTOMATION SYSTEM MARKET, BY FACILITY MANAGEMENT SYSTEM TYPE, 2023–2028 (MILLION UNITS)        93

TABLE 34           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY LIGHTING CONTROL TYPE, 2019–2022 (USD MILLION)              93

TABLE 35           FACILITY MANAGEMENT SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY LIGHTING CONTROL TYPE, 2023–2028 (USD MILLION)              93

TABLE 36           LIGHTING CONTROL: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)  94

TABLE 37           LIGHTING CONTROL: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  94

6.2.1.1.1 Occupancy sensors            95

6.2.1.1.2 Daylight sensors  95

6.2.1.1.3 Relays    95

6.2.1.1.4 Timers   95

6.2.1.1.5 Dimming actuators            96

6.2.1.1.6 Switch actuators  96

6.2.1.1.7 Blind/Shutter actuators     96

6.2.1.1.8 Transmitters        97

6.2.1.1.9 Receivers             97

6.2.2      HVAC CONTROLS          97

6.2.2.1   Enhance indoor comfort and energy efficiency by regulating system-based occupancy, temperature, and environmental conditions             97

TABLE 38           HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY HVAC COMPONENT, 2019–2022 (USD MILLION)     98

TABLE 39           HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY HVAC COMPONENT, 2023–2028 (USD MILLION)     98

TABLE 40           HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)  99

TABLE 41           HVAC CONTROLS: FACILITY MANAGEMENT SYSTEMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  99

6.2.2.1.1 Sensors  99

6.2.2.1.2 Smart thermostats             99

6.2.2.1.3 Control valves      100

6.2.2.1.3.1           Three-way valves 100

6.2.2.1.4 Heating and cooling coils   100

6.2.2.1.5 Dampers              100

6.2.2.1.5.1           Low-leakage dampers        101

6.2.2.1.5.2           Parallel- and opposed-blade dampers            101

6.2.2.1.5.3           Round dampers   101

6.2.2.1.6 Actuators             101

6.2.2.1.6.1           Hydraulic actuators           102

6.2.2.1.6.2           Pneumatic actuators          102

6.2.2.1.6.3           Electric actuators 102

6.2.2.1.7 Pumps and fans   102

6.2.2.1.8 Smart vents          103

6.3         SECURITY AND ACCESS CONTROLS      103

TABLE 42           SECURITY AND ACCESS CONTROLS: BUILDING AUTOMATION SYSTEM MARKET, BY SYSTEM TYPE, 2019–2022 (USD MILLION) 103

TABLE 43           SECURITY AND ACCESS CONTROLS: BUILDING AUTOMATION SYSTEM MARKET, BY SYSTEM TYPE, 2023–2028 (USD MILLION) 103

TABLE 44           SECURITY AND ACCESS CONTROLS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 104

TABLE 45           SECURITY AND ACCESS CONTROLS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 104

TABLE 46           SECURITY AND ACCESS CONTROLS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)           104

TABLE 47           SECURITY AND ACCESS CONTROLS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)           105

TABLE 48           SECURITY AND ACCESS CONTROL: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)              105

TABLE 49           SECURITY AND ACCESS CONTROL: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)              105

TABLE 50           SECURITY AND ACCESS CONTROL: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)              106

TABLE 51           SECURITY AND ACCESS CONTROL: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)              106

TABLE 52           SECURITY AND ACCESS CONTROL: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)              106

TABLE 53           SECURITY AND ACCESS CONTROL: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)              107

6.3.1      VIDEO SURVEILLANCE SYSTEMS            107

6.3.1.1   Enable real-time monitoring and security and visual verification of events and deterrence of unauthorized access or incidents             107

TABLE 54           VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY PRODUCT, 2019–2022 (USD MILLION) 107

TABLE 55           VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY PRODUCT, 2023–2028 (USD MILLION) 108

TABLE 56           VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)        108

TABLE 57           VIDEO SURVEILLANCE SYSTEMS: SECURITY AND ACCESS CONTROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)        108

6.3.1.1.1 Hardware            108

TABLE 58           SECURITY AND ACCESS CONTROLS: VIDEO SURVEILLANCE SYSTEMS MARKET FOR HARDWARE, BY PRODUCT, 2019–2022 (USD MILLION)              109

TABLE 59           SECURITY AND ACCESS CONTROLS: VIDEO SURVEILLANCE SYSTEMS MARKET FOR HARDWARE, BY PRODUCT, 2023–2028 (USD MILLION)              109

6.3.1.1.1.1           Cameras 109

6.3.1.1.1.2           Monitors              109

6.3.1.1.1.3           Storage systems   110

6.3.1.1.1.4           Accessories          110

6.3.1.1.2 Software/Video analytics   110

6.3.1.1.3 Services 110

6.3.2      BIOMETRIC SYSTEMS   111

6.3.2.1   Enhance security through advanced access control and user identification based on unique physiological or behavioral traits    111

TABLE 60           BIOMETRIC SYSTEMS: SECURITY & ACCESS CONTROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)  111

TABLE 61           BIOMETRIC SYSTEMS: SECURITY & ACCESS CONTROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  111

6.4         FIRE PROTECTION SYSTEMS     112

TABLE 62           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY COMPONENT, 2019–2022 (USD MILLION) 112

TABLE 63           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 112

TABLE 64           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 113

TABLE 65           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 113

TABLE 66           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)           113

TABLE 67           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)           114

TABLE 68           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)              114

TABLE 69           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)              114

TABLE 70           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)              115

TABLE 71           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)              115

TABLE 72           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)              115

TABLE 73           FIRE PROTECTION SYSTEMS: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)              116

6.4.1      SENSORS AND DETECTORS       116

6.4.1.1   Detect emergencies at initial stages to avoid accidents 116

6.4.1.1.1 Smoke detectors  116

6.4.1.1.2 Flame detectors   116

6.4.1.1.3 Others   116

6.4.2      FIRE SPRINKLERS          117

6.4.2.1   Provide automatic fire suppression, enhancing safety and property protection in event of fire         117

6.4.3      FIRE ALARMS    117

6.4.3.1   Warn occupants about occurrence of fire breakouts     117

6.4.4      EMERGENCY LIGHTING, VOICE EVACUATION, AND PUBLIC ALERT DEVICES            117

6.4.4.1   Ensure safety by providing illumination, clear instructions, and timely alerts during critical situations     117

6.5         BUILDING ENERGY MANAGEMENT SOFTWARE 118

6.5.1      OPTIMIZES ENERGY CONSUMPTION, REDUCES COSTS, AND ENHANCES SUSTAINABILITY BY MONITORING, ANALYZING, AND CONTROLLING ENERGY USAGE             118

TABLE 74           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)              118

TABLE 75           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)              118

TABLE 76           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)              119

TABLE 77           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)              119

TABLE 78           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION) 120

TABLE 79           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION) 120

TABLE 80           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION) 120

TABLE 81           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION) 121

TABLE 82           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION) 121

TABLE 83           BUILDING ENERGY MANAGEMENT SOFTWARE: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION) 121

6.6         BUILDING AUTOMATION SYSTEM (BAS) SERVICES        122

TABLE 84           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           122

TABLE 85           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           122

TABLE 86           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)       122

TABLE 87           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       123

TABLE 88           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)         123

TABLE 89           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)         123

TABLE 90           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)        124

TABLE 91           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)        124

TABLE 92           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)           124

TABLE 93           BAS SERVICES: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)           125

6.6.1      INSTALLATION AND MAINTENANCE    125

6.6.1.1   Essential to guarantee effective functionality and prolonged operational life of BAS       125

6.6.2      TRAINING         125

6.6.2.1   Enables staff to effectively manage, monitor, and control BAS   125

6.7         OTHERS             125

TABLE 94           OTHERS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           126

TABLE 95           OTHERS: BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           126

TABLE 96           OTHERS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)       126

TABLE 97           OTHERS: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       127

TABLE 98           OTHERS: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2019–2022 (USD MILLION)    127

TABLE 99           OTHERS: BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL, BY REGION, 2023–2028 (USD MILLION)    127

TABLE 100         OTHERS: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2019–2022 (USD MILLION)   128

TABLE 101         OTHERS: BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL, BY REGION, 2023–2028 (USD MILLION)   128

TABLE 102         OTHERS: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2019–2022 (USD MILLION)     128

TABLE 103         OTHERS: BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL, BY REGION, 2023–2028 (USD MILLION)     129

7            BUILDING AUTOMATION SYSTEM MARKET, BY COMMUNICATION TECHNOLOGY 130

7.1         INTRODUCTION            131

FIGURE 38         WIRELESS TECHNOLOGIES SEGMENT TO HOLD LARGER MARKET SHARE IN 2028 131

TABLE 104         BUILDING AUTOMATION SYSTEM MARKET, BY COMMUNICATION TECHNOLOGY, 2019–2022 (USD MILLION)   132

TABLE 105         BUILDING AUTOMATION SYSTEM MARKET, BY COMMUNICATION TECHNOLOGY, 2023–2028 (USD MILLION)   132

7.2         WIRELESS TECHNOLOGIES       133

7.2.1      ZIGBEE 133

7.2.1.1   Ideal for commercial and residential applications due to low power consumption and cost 133

7.2.2      ENOCEAN         133

7.2.2.1   Pioneers battery-free building automation technology with energy harvesting feature   133

7.2.3      Z-WAVE             134

7.2.3.1   Engineered for automation of processes, enabling remote control of various devices and applications     134

7.2.4      WI-FI    135

7.2.4.1   Empowers seamless connectivity and control in building automation systems, enhancing efficiency and convenience           135

7.2.5      BLUETOOTH    135

7.2.5.1   Ideal for short-range communication in personal area networks (PANs)  135

7.2.6      THREAD            136

7.2.6.1   Enhances real-time control and monitoring of various building functions, optimizing energy efficiency and occupant comfort      136

7.2.7      INFRARED         136

7.2.7.1   Used for occupancy sensing and remote control, enhancing energy efficiency and user comfort        136

7.3         WIRED TECHNOLOGIES             137

7.3.1      DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI) 137

7.3.1.1   Used for precise control and management of lighting systems, enabling individual luminaire control and energy efficiency          137

7.3.2      KONNEX (KNX) 138

7.3.2.1   Standardized platform for managing and automating lighting, HVAC, security, and energy systems, promoting seamless integration and control             138

7.3.3      LONWORKS      138

7.3.3.1   Enables seamless communication and integration of various systems, improving efficiency and control of building functions    138

7.3.4      BUILDING AUTOMATION AND CONTROL NETWORK (BACNET)              139

7.3.4.1   Streamlines communication and integration in building automation systems to enhance control and management of various building functions 139

7.3.5      MODBUS           140

7.3.5.1   Widely used communication protocol for facilitating data exchange among various devices and systems, enhancing control and monitoring capabilities         140

8            BUILDING AUTOMATION MARKET, BY APPLICATION   141

8.1         INTRODUCTION            142

FIGURE 39         BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION              142

FIGURE 40         INDUSTRIAL APPLICATION SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028          142

TABLE 106         BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          143

TABLE 107         BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          143

8.2         RESIDENTIAL   144

8.2.1      RISING NUMBER OF INTERNET OF THINGS (IOT)-EQUIPPED SMART HOMES TO DRIVE DEMAND      144

8.2.1.1   DIY home automation       144

TABLE 108         RESIDENTIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)   145

TABLE 109         RESIDENTIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)   145

8.3         COMMERCIAL  146

8.3.1      OFFICE BUILDINGS       146

8.3.1.1   Growing use to enhance energy efficiency and occupant comfort in office buildings through centralized control of various systems to fuel segmental growth  146

8.3.2      RETAIL AND PUBLIC ASSEMBLY BUILDINGS     147

8.3.2.1   Rising adoption to optimize energy management and create comfortable, safe environments in retail and public assembly buildings to drive market       147

8.3.3      HOSPITALS AND HEALTHCARE FACILITIES       147

8.3.3.1   Need to improve patient care and operational efficiency in hospitals and healthcare facilities by regulating critical systems to drive demand 147

8.3.4      AIRPORTS AND RAILWAY STATIONS     148

8.3.4.1   Capability to enhance security, operational efficiency, and passenger comfort at airports and railway stations through intelligent control of various systems to fuel demand              148

TABLE 110         COMMERCIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)   148

TABLE 111         COMMERCIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)   149

8.4         INDUSTRIAL     149

8.4.1      INCREASING ADOPTION TO ACHIEVE ENERGY AND COST SAVINGS TO DRIVE MARKET 149

FIGURE 41         BUILDING ENERGY MANAGEMENT SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL DURING FORECAST PERIOD          150

TABLE 112         INDUSTRIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)   150

TABLE 113         INDUSTRIAL: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)   151

9            BUILDING AUTOMATION SYSTEM MARKET, BY REGION            152

9.1         INTRODUCTION            153

FIGURE 42         ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF BUILDING AUTOMATION SYSTEM MARKET IN 2028       153

TABLE 114         BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)     153

TABLE 115         BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)     154

9.2         NORTH AMERICA          154

FIGURE 43         NORTH AMERICA: BUILDING AUTOMATION SYSTEM MARKET SNAPSHOT        155

TABLE 116         NORTH AMERICA: BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)            155

TABLE 117         NORTH AMERICA: BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)            156

TABLE 118         NORTH AMERICA: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)            156

TABLE 119         NORTH AMERICA: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)            156

9.2.1      NORTH AMERICA: RECESSION IMPACT 157

9.2.2      US         157

9.2.2.1   Government-led initiatives aimed at conserving energy and reducing operational expenses 157

9.2.3      CANADA            158

9.2.3.1   Strong commitment to transition toward low-carbon economy  158

9.2.4      MEXICO             159

9.2.4.1   Growing emphasis on constructing environmentally friendly buildings    159

9.3         EUROPE             160

FIGURE 44         EUROPE: BUILDING AUTOMATION SYSTEM MARKET SNAPSHOT        160

TABLE 120         EUROPE: BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)    161

TABLE 121         EUROPE: BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    161

TABLE 122         EUROPE: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)   161

TABLE 123         EUROPE: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)   162

9.3.1      EUROPE: IMPACT OF RECESSION           162

9.3.2      UK         163

9.3.2.1   Technological advancements and rising infrastructure development        163

9.3.3      GERMANY         163

9.3.3.1   Presence of energy efficiency regulations and increasing demand for HVAC and lighting control systems in residential, commercial, and industrial sectors 163

9.3.4      FRANCE             164

9.3.4.1   Need to adhere to regulatory compliance and energy efficiency initiatives 164

9.3.5      ITALY   164

9.3.5.1   Growing demand for building automation systems in commercial and healthcare facilities 164

9.3.6      REST OF EUROPE           164

9.4         ASIA PACIFIC    165

FIGURE 45         ASIA PACIFIC: BUILDING AUTOMATION SYSTEM MARKET SNAPSHOT        165

FIGURE 46         INDIA TO REGISTER HIGHEST CAGR IN ASIA PACIFIC BUILDING AUTOMATION SYSTEM MARKET FROM 2023 TO 2028             166

TABLE 124         ASIA PACIFIC: BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)    166

TABLE 125         ASIA PACIFIC: BUILDING AUTOMATION SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    166

TABLE 126         ASIA PACIFIC: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)   167

TABLE 127         ASIA PACIFIC: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)   167

9.4.1      ASIA PACIFIC: IMPACT OF RECESSION  168

9.4.2      CHINA  168

9.4.2.1   Rapid urbanization, economic growth, and development of smart cities    168

9.4.3      JAPAN  169

9.4.3.1   Commitment to sustainability and presence of strict environmental regulations              169

9.4.4      INDIA   169

9.4.4.1   Growing adoption in commercial and industrial sectors and surge in construction activities 169

9.4.5      SOUTH KOREA 170

9.4.5.1   Increasing emphasis on energy conservation and continued government-led initiatives to promote building automation systems      170

9.4.6      REST OF ASIA PACIFIC  171

9.5         ROW     171

FIGURE 47         SOUTH AMERICA TO REGISTER HIGHER CAGR IN ROW BUILDING AUTOMATION SYSTEM MARKET FROM 2023 TO 2028             171

TABLE 128         ROW: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)          171

TABLE 129         ROW: BUILDING AUTOMATION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)          172

TABLE 130         ROW: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)   172

TABLE 131         ROW: BUILDING AUTOMATION SYSTEM MARKET, BY OFFERING, 2023–2028 (USD MILLION)   172

9.5.1      ROW: IMPACT OF RECESSION   173

9.5.2      SOUTH AMERICA           173

9.5.2.1   Increased construction activities and need for energy-efficient building solutions              173

9.5.3      MIDDLE EAST & AFRICA             173

9.5.3.1   Rapid urbanization and increasing construction activities          173

10          COMPETITIVE LANDSCAPE       174

10.1       OVERVIEW        174

10.2       KEY STRATEGIES ADOPTED BY MAJOR PLAYERS            174

FIGURE 48         BUILDING AUTOMATION SYSTEM MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY LEADING PLAYERS, 2021–2023   174

10.3       MARKET SHARE ANALYSIS, 2022             175

TABLE 132         BUILDING AUTOMATION SYSTEM MARKET: DEGREE OF COMPETITION 175

FIGURE 49         BUILDING AUTOMATION SYSTEM MARKET SHARE ANALYSIS, 2022      176

10.4       REVENUE ANALYSIS, 2018–2022 179

FIGURE 50         BUILDING AUTOMATION SYSTEM MARKET: REVENUE ANALYSIS OF FOUR KEY COMPANIES, 2018–2022             179

10.5       COMPANY EVALUATION MATRIX, 2022 180

FIGURE 51         BUILDING AUTOMATION SYSTEM MARKET: COMPANY EVALUATION MATRIX, 2022      180

10.5.1    STARS  180

10.5.2    EMERGING LEADERS    181

10.5.3    PERVASIVE PLAYERS     181

10.5.4    PARTICIPANTS 181

10.6       COMPANY FOOTPRINT 181

TABLE 133         OVERALL COMPANY FOOTPRINT          181

TABLE 134         APPLICATION: COMPANY FOOTPRINT 182

TABLE 135         REGION: COMPANY FOOTPRINT            183

10.7       STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022      184

FIGURE 52         BUILDING AUTOMATION SYSTEM MARKET: STARTUPS/SMES EVALUATION MATRIX, 2022      185

10.7.1    PROGRESSIVE COMPANIES       185

10.7.2    RESPONSIVE COMPANIES          185

10.7.3    DYNAMIC COMPANIES 186

10.7.4    STARTING BLOCKS       186

10.8       LIST OF KEY STARTUPS/SMES  186

TABLE 136         BUILDING AUTOMATION SYSTEM MARKET: LIST OF KEY STARTUPS/SMES           186

10.9       COMPETITIVE BENCHMARKING            187

TABLE 137         BUILDING AUTOMATION SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES        187

10.10     COMPETITIVE SCENARIOS AND TRENDS           187

10.10.1  PRODUCT LAUNCHES  187

TABLE 138         BUILDING AUTOMATION SYSTEM MARKET: PRODUCT LAUNCHES, 2022–2023   187

10.10.2  DEALS  191

TABLE 139         BUILDING AUTOMATION SYSTEM MARKET: DEALS, 2022–2023              191

11          COMPANY PROFILES    195

11.1       KEY PLAYERS   195

(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*

11.1.1    HONEYWELL INTERNATIONAL INC.      195

TABLE 140         HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW              195

FIGURE 53         HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT              196

TABLE 141         HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   196

TABLE 142         HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES              198

TABLE 143         HONEYWELL INTERNATIONAL INC.: DEALS      199

11.1.2    SIEMENS            204

TABLE 144         SIEMENS: COMPANY OVERVIEW            204

FIGURE 54         SIEMENS: COMPANY SNAPSHOT            205

TABLE 145         SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              205

TABLE 146         SIEMENS: PRODUCT LAUNCHES            206

TABLE 147         SIEMENS: DEALS            207

11.1.3    JOHNSON CONTROLS   210

TABLE 148         JOHNSON CONTROLS: COMPANY OVERVIEW   210

FIGURE 55         JOHNSON CONTROLS: COMPANY SNAPSHOT   211

TABLE 149         JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          211

TABLE 150         JOHNSON CONTROLS: PRODUCT LAUNCHES   212

TABLE 151         JOHNSON CONTROLS: DEALS   213

11.1.4    SCHNEIDER ELECTRIC 217

TABLE 152         SCHNEIDER ELECTRIC: COMPANY OVERVIEW  217

FIGURE 56         SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  218

TABLE 153         SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          219

TABLE 154         SCHNEIDER ELECTRIC: PRODUCT LAUNCHES  219

TABLE 155         SCHNEIDER ELECTRIC: DEALS 220

11.1.5    CARRIER            222

TABLE 156         CARRIER: COMPANY OVERVIEW            222

FIGURE 57         CARRIER: COMPANY SNAPSHOT            223

TABLE 157         CARRIER: PRODUCT/SOLUTIONS/SERVICES OFFERED 223

TABLE 158         CARRIER: PRODUCT LAUNCHES            224

TABLE 159         CARRIER: DEALS            227

11.1.6    ROBERT BOSCH GMBH 229

TABLE 160         ROBERT BOSCH GMBH: COMPANY OVERVIEW 229

FIGURE 58         ROBERT BOSCH GMBH: COMPANY SNAPSHOT 230

TABLE 161         ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED          230

TABLE 162         ROBERT BOSCH GMBH: PRODUCT LAUNCHES 231

TABLE 163         ROBERT BOSCH GMBH: DEALS 231

11.1.7    LEGRAND         233

TABLE 164         LEGRAND: COMPANY OVERVIEW          233

FIGURE 59         LEGRAND: COMPANY SNAPSHOT          234

TABLE 165         LEGRAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED              234

TABLE 166         LEGRAND: PRODUCT LAUNCHES          235

TABLE 167         LEGRAND: DEALS          237

11.1.8    HUBBELL          238

TABLE 168         HUBBELL: COMPANY OVERVIEW           238

FIGURE 60         HUBBELL: COMPANY SNAPSHOT           239

TABLE 169         HUBBELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED              240

TABLE 170         HUBBELL: PRODUCT LAUNCHES           240

TABLE 171         HUBBELL: DEALS          241

11.1.9    ABB       243

TABLE 172         ABB: COMPANY OVERVIEW       243

FIGURE 61         ABB: COMPANY SNAPSHOT       244

TABLE 173         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED        244

TABLE 174         ABB: PRODUCT LAUNCHES       246

TABLE 175         ABB: DEALS      246

11.1.10  TRANE TECHNOLOGIES PLC    248

TABLE 176         TRANE TECHNOLOGIES PLC: COMPANY OVERVIEW     248

FIGURE 62         TRANE TECHNOLOGIES PLC: COMPANY SNAPSHOT     248

TABLE 177         TRANE TECHNOLOGIES PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   249

TABLE 178         TRANE TECHNOLOGIES PLC: PRODUCT LAUNCHES     250

TABLE 179         TRANE TECHNOLOGIES PLC: DEALS     250

*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.

11.2       OTHER PLAYERS           252

11.2.1    LUTRON ELECTRONICS CO., INC.           252

11.2.2    CRESTRON ELECTRONICS, INC.              253

11.2.3    HITACHI, LTD. 254

11.2.4    DELTA CONTROLS        255

11.2.5    BECKHOFF AUTOMATION        256

11.2.6    LENNOX INTERNATIONAL INC. 257

11.2.7    CURRENT LIGHTING SOLUTIONS, LLC 258

11.2.8    ACUITY BRANDS, INC.   259

11.2.9    DIALIGHT         260

11.2.10  CISCO SYSTEMS, INC.    261

11.2.11  ROCKWELL AUTOMATION        262

11.2.12  SNAP ONE, LLC 263

11.2.13  SIGNIFY HOLDING        264

11.2.14  EMERSON ELECTRIC CO.           265

11.2.15  LEVITON MANUFACTURING CO., INC.  266

11.2.16  MITSUBISHI ELECTRIC CORPORATION 267

11.2.17  HUAWEI TECHNOLOGIES CO., LTD.      268

11.2.18  BEIJER ELECTRONICS, INC.        269

11.2.19  BAJAJ ELECTRICALS LTD           270

12          APPENDIX         271

12.1       INSIGHTS FROM INDUSTRY EXPERTS   271

12.2       DISCUSSION GUIDE      272

12.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             275

12.4       CUSTOMIZATION OPTIONS      277

12.5       RELATED REPORTS       277

12.6       AUTHOR DETAILS         278