Authored By: Sarah
11 Jul 2024

 Building Automation And Control Systems Market Size to grow by USD 31119.3 million between 2024-2028

According to a research report “ Building Automation And Control Systems Market” by End-user (Commercial buildings, Residential buildings, Government buildings, Other buildings) Type (Integration, Services) Geography (Europe, North America, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 31119.3 million, at a CAGR of  8.71% during the forecast period. In the business world, utility bills represent a substantial portion of operational expenses for office buildings. By implementing energy-saving measures, companies can achieve substantial cost reductions. With the increasing construction of commercial and office structures due to infrastructure development, the demand for building automation and control systems (BACS) is on the rise. These systems are essential for enhancing infrastructure, ensuring safety and security through fire and safety control, surveillance systems, and HVAC and lighting systems. Residential complexes are also adopting these solutions to provide residents with optimal comfort, enabling them to regulate temperature and lighting within their units, thereby improving operational efficiency and reducing utility bills.

Browse market data tables, figures, and in-depth TOC on “Building Automation And Control Systems Market” by End-user (Commercial buildings, Residential buildings, Government buildings, Other buildings) Type (Integration, Services) Geography (Europe, North America, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By End-user, the Commercial buildings segment is projected to dominate the market size in 2024

The Building Automation and Control Systems (BACS) market encompasses innovative technologies and solutions that optimize energy consumption, enhance safety, and improve overall operational efficiency in commercial and industrial buildings. These systems leverage advanced sensors, IoT connectivity, and AI algorithms to automate HVAC, lighting, and security functions, delivering significant cost savings and a superior occupant experience. The global BACS market is poised for robust growth, driven by increasing demand for smart buildings and stringent energy regulations.

By Type, Integration  segment is expected to hold the largest market size for the year 2024

The Building Automation and Control Systems Market encompasses innovative technologies and solutions that optimize energy consumption, enhance safety, and improve operational efficiency in commercial and industrial structures. These systems leverage IoT, AI, and machine learning to automate HVAC, lighting, security, and other building functions, delivering significant cost savings and productivity gains for businesses. Market growth is driven by increasing energy regulations, rising demand for smart buildings, and the need for enhanced safety and security measures.

Europe is forecasted to hold the largest market size by region in 2024

The Building Automation and Control Systems (BACS) market is experiencing significant growth due to the increasing demand for energy efficiency and cost savings in commercial and industrial buildings. These systems enable the integration of various building functions, such as HVAC, lighting, and security, to optimize energy usage and improve overall operational efficiency. Advanced technologies like IoT, AI, and machine learning are driving innovation in BACS, offering new opportunities for automation and real-time monitoring. As businesses prioritize sustainability and cost savings, the adoption of BACS is expected to continue expanding.

The Building Automation And Control Systems Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ABB Ltd.
  • Bajaj Electricals Ltd.
  • BuildingLogiX
  • Emerson Electric Co.
  • Evon Technologies Pvt. Ltd.
  • FORESCOUT
  • Honeywell International Inc.
  • IoEnergy Inc.
  • Itron Inc.
  • Johnson Controls International Plc.
  • KMC Controls Inc.
  • Legrand
  • Lutron Electronics Co. Inc.
  • Mode Green Integrated Building Technology
  • OptergyA
  • PointGrab Inc.
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Building Automation and Control Systems (BACS) market is experiencing significant growth in various industry verticals, including Hospitality and Residential sectors. The market's core competencies include Security Access Control, Lighting Control, and HVAC Control. Material types used in BACS include hardware, software, and electronic devices. In the Hospitality industry, BACS are essential for managing energy consumption, ensuring building sustainability, and enhancing guest experience through automated air conditioning, lighting, and safety systems. In the Residential sector, BACS help reduce operating costs and improve energy efficiency in homes. De-carbonization and the shift towards energy-efficient buildings are key drivers for the BACS market's technology growth. The integration of 5G technology in BACS is expected to revolutionize the industry by enabling real-time monitoring and control of building systems. Safety systems are a crucial component of BACS, ensuring the security of real estate assets and occupants. Lighting control systems help reduce energy consumption and enhance the ambiance of buildings. HVAC control systems optimize temperature and humidity levels for comfort and energy efficiency. Core competencies of BACS providers include expertise in hardware manufacturing, software development, and system integration. The market's future growth is expected to be driven by the increasing demand for integrated systems that provide comprehensive building management solutions.

Market Research Overview

Building Automation and Control Systems Market: Overview and Opportunities The Building Automation and Control Systems (BACS) market is witnessing significant growth in various industry verticals, including Hospitality, Residential, Commercial, and Industrial. The market includes core competencies such as Security Access Control, Lighting Control, HVAC Control, and Energy Management Systems. Material types used in BACS include smart electronics, relays, detectors, sensors, and central computer systems. The market caters to various applications, such as air conditioning, ventilation, heating, and access management in train stations, airports, public transportation hubs, shopping centers, office buildings, and more. The market's core competencies focus on comfort, safety, and energy efficiency. Energy-efficient buildings, health, safety, and technology are key drivers for the market's growth. Construction activities and business opportunities in the Commercial, Residential, and Industrial segments offer significant potential. Repair and maintenance of electrical appliances and condition-based maintenance are essential aspects of the market. The market also includes Energy-efficient buildings, Sanitization systems, and Operations. Malware attacks and cyberattacks pose challenges, requiring real-time monitoring and security systems. Manufacturing companies face supply chain disruptions due to de-carbonization and building sustainability initiatives. The market's growth is influenced by the Green building concept, 5G technology, and Carbon-neutral goals. The market includes Energy systems, HVAC systems, and Safety systems. The Construction sector's urbanization and the rise of smart appliances offer opportunities for growth. The International Energy Agency's focus on energy efficiency and interconnected systems further boosts the market. The market's technology growth is driven by semiconductor chips, real estate assets, and integrated systems. Operating costs and energy consumption are significant factors influencing market trends.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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