Global Building Automation and Controls Market Size Was Worth USD 73.5 billion in 2021 and Is Projected to Grow to USD 112.1 billion by 2026

Building Automation and Controls: Introduction

The automatic centralized control system is called a building automation and control system. This system can be used for ventilation, air conditioning, heating, security as well as access control.

The Global Building Automation and Controls Market Forecast: 

Global Building Automation and Controls Market were valued at US$ 73.5 Billion in 2021. It is predicted to grow to US$ 112.1 Billion by 2026.

Building automation systems (BAS) is an efficient system that consists of hardware and software linking heating, lighting security, ventilation and cooling systems (HVAC) and other systems across the same platform. The building automation system is interconnected with centralized networks that manage and control the conditions within industrial, commercial, and institutional buildings. The goal is to design an efficient and intelligent structure that reduces the energy consumption and maintenance costs of the facility. A building that is controlled by BAS is termed a smart building, an intelligent building, or a smart home. In conjunction with sensors as well as other automated technology, BAS can eliminate the need for human intervention or control over different systems.

Market Trend and Dynamics of the Global Building Automation and Controls Market:

Driver: 

Increase in the adoption of automated security systems in buildings.

Building automation systems assist in automatizing the security of buildings with the help of biometrics and video surveillance systems. Video surveillance systems monitor and record the behaviour and actions of individuals. Surveillance systems can be found in schools, airports, offices and other places. Numerous government agencies have made it compulsory to put in these systems to ensure the security of public areas and infrastructure that is critical owing to the increased attention to security concerns due to the increase in terrorist attacks and crimes.

Restraints: 

False impression about the high cost of installation of Building automation systems.

Building automation systems aid in reducing energy consumption and maintenance and operating costs. But, the end-users and property owners are reluctant to install building automation systems because of their misconception that installation costs for these systems are expensive. They are also unaware of the fact that the price is mostly dependent on the level of integration required for the specific application. Customers are looking for low-cost building automation but aren't aware of the size of the energy savings as well as the longer-term cost savings.

Opportunities: 

Favourable government initiatives and incentives

A variety of governments play a key role in reducing energy consumption and assisting in initiatives to reduce carbon emissions. Many governments have developed guidelines and policies that aim to increase energy efficiency and decrease the footprint of buildings. This is one of the major factors that has led to the introduction of BAS.

Gaining adaptation of building automation systems in the Hotel Industry is expected to provide substantial growth opportunities.

The hospitality industry is witnessing the increasing use of building automation systems, specifically those which are looking to differentiate themselves from their competitors and in the process of building better quality, international hotels. Numerous vendors are offering wireless technology to tackle the issue of rising energy costs in the hospitality industry. While the adoption of BAS in hospitality is still in its early phase, it is likely to increase in popularity due to increasing awareness and the adoption of regulations by various governments to regulate the implementation of these solutions.

Challenges: 

There is a variety of protocols for communication.

The strength of the system for building automation lies in synchronization and communication between different equipment which is used in the overall system. Communication protocols play an essential function in ensuring the correct integration of different equipment and devices to ensure the efficient functioning of BAS. But, the absence of open protocols for communication could lead to the use of various protocols in these devices.

The Key Market Segmentation of the Global Building Automation and Controls Market: 

Global Building Automation and Controls Market can be divided into Offering, Communication Technology, Applications, and Geographical landscapes, etc. 

Building Automation and Controls Market Segmentation By Offering:

Facility Management Systems

Security and Access Controls

Fire Protection Systems

Building Energy Management Software

BAS Services

Others

Building Automation and Controls Market Segmentation By Application:

Residential

Commercial

Office Buildings

Retail and Public Assembly Buildings

Hospitals and Healthcare Facilities

Airports and Railway Stations

Industrial

Building Automation and Controls Market Segmentation By Communication Technology:

Wired Technology

Wireless Technology

Building Automation and Controls Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

The Middle East and Africa

Major Key Players in the Global Building Automation and Controls Market Are:

Johnson Controls (Ireland ) 

Schneider Electric (France )

Carrier (US )

Siemens AG (Germany )

Honeywell International (US )

The Covid-19 Impact Analysis:

Before COVID-19, real estate investments were able to provide steady cash flow and returns for those who operated in the sector worldwide. However, the outbreak and the spreading of COVID-19 resulted in rapid adjustments in this situation and the real estate industry experiencing an impact that was significant due to the Covid-19 Virus. The real estate industry of the US, Europe, and APAC is being impacted by the pandemic. This has had a negative impact on the expansion of the automated building market since these regions are the main users of building automation.

The Global Building Automation and Controls Market Report Highlights:

The major players on the market are focusing on product launches in order to get an advantage in the market. For example, in November of 2017, Johnson Controls, Inc. announced BCPro Smart Building automated system (BAS) specifically designed for traditional commercial buildings.

Large players in the market are engaged in capacity expansion in order to increase their market position. For instance, in April 2018, United Technologies Corporation inaugurated the brand new UTC Center for Intelligent Buildings that is a cutting-edge technology and innovation centre.

During the forecast period, security and access control will lead to building the automation system market. 

The market for building energy management software is anticipated to grow as the most rapidly growing building automation system for offering segment in the forecast time.

Industrial applications are expected to be the fastest-growing app market for building automation systems in the forecast timeframe.

APAC is predicted to be the fastest-growing market for building automation systems in the forecast time.