Global Intelligent Building Automation Technologies Market

Intelligent Building Automation Technologies Market Size, Share, Growth Analysis, By Component(Hardware, Software, Service), By Product(Facility Management Systems, Security Systems Defense & Aerospace, Manufacturing, Healthcare), By Application(Residential, Commercial, Industrial), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45F2126 | Region: Global | Published Date: February, 2024
Pages: 251 |Tables: 92 |Figures: 76

Intelligent Building Automation Technologies Market Insights

Intelligent Building Automation Technologies Market size was valued at USD 78.17 billion in 2019 and is poised to grow from USD 83.82 billion in 2023 to USD 148.99 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

The intelligent building automation technology has gained a huge momentum due to increasing urbanization, and need for sustainable living. As the urban landscapes are expanding, it has resulted into a huge consumption of resources with creating more demands for energy resources. To address the unmet demands of urbanization, automation technologies have surfaced up to address energy distribution challenges and create a pathway for sustainability. Other reasons such as rising energy prices, increased concerns about global warming, and expanding public awareness for energy saving, it is contributing to developing more robust solutions.

The market for intelligent building automation technologies (IBAT) will be further driven by increase in consumer awareness of environmental protection. Technically, building automation systems (BAS) combine lighting, energy, safety, and security systems into a single, user-friendly system that balances energy consumption better efficiency. Additionally, intelligent building automation solutions offer resistance to a certain level against natural calamities such as earthquakes, tremors, and fire. When these solutions are deployed, the severity of financial losses can be reduced with optimizing rescue operations for human lives under these circumstances.

Intelligent building automation technologies are being rapidly adopted by businesses because of their many applications, including regulating lighting, controlling air conditioning and heat ventilation, and analysing building data. Organizations are primarily concentrating on ways to reduce energy use by turning on and off lights, HVAC systems, and other devices.

US Intelligent Building Automation Technologies Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 78.17 billion

Largest Segment

Software

Fastest Growth

Software

Growth Rate

7.2% CAGR

Global Laboratory Information Management System Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Intelligent Building Automation Technologies Market Segmental Analysis

The global intelligent building automation technologies market is segmented based on component, product, application, and region. Based on Component, the market is segmented as hardware, software, service. The intelligent building automation technologies industry is classified on the basis of product as facility management systems, security systems defence & aerospace, manufacturing, healthcare, others. Based on application the intelligent building automation technologies market is further sub segmented into residential, commercial, industrial. Based on the region, the intelligent building automation technologies market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.

Intelligent Building Automation Technologies Market Analysis by Component

Based on the component, the IBAT market is split into hardware, software, and service. Intelligent building automation technologies are an integrated network of software and hardware, which manages and monitors the building facility environment. Various hardware components include actuators, controllers, and sensors. These technologies jointly ensure HVAC systems are correctly handled through automated control and that the building climate maintains within an acceptable range.

Engineering services include intelligent building automation technology services. These engineering services contribute to the safety, cost-effective, and energy-efficient functioning of building control systems. The use of smart building services improves performance while lowering operational costs and energy consumption. In turn, this is expected to fuel the services segment expansion during the expected period.

Intelligent Building Automation Technologies Market Analysis by Product

Security systems, life safety systems, facility management systems, and building energy management systems are the several product categories of intelligent building automation technology (BEMS). Security solutions like CCTV, elevator access control, and building access control serve to lower risks and prevent property loss and damage. The market's major contributor is facilities management systems, although demand for BEMS is expected to increase significantly over the next few years.

The need for intelligent building automation technology is expected to increase with the rise in popularity of video surveillance security systems, the requirement for logging techniques for energy consumption by industrial and residential equipment, and growing concerns about losses in emergency situations. Building technical services are primarily controlled, monitored, measured, and optimised through building energy management systems. These systems offer several advantages, including lower carbon emissions, easier power issue monitoring, and lower energy use. To cut expenses and boost efficiency, they monitor energy consumption by mechanical and electrical devices like heaters, ventilators, and air conditioners.

Intelligent Building Automation Technologies Market  Analysis by Application

The market is divided into residential, commercial, and industrial segments based on the application. Commercial revenue accounted for a higher share which was valued at US$ 35.1 billion in 2022. Intelligent building automation technology significantly lowers the cost of energy, space management, and maintenance at big commercial sites, including industrial zones, office parks, retail malls, airports, and seaports.

Due to stringent rules for energy usage and the growing demand to improve efficiency in commercial building, these applications are expected to maintain dominance over the projection period. Over the forecast years, the residential segment is expected to have the highest CAGR. The residential market is expected to be driven by rising security concerns among homeowners as a result of increase in thefts and robberies around the world. Adoption of intelligent building automation technologies reduces financial expenses and enables energy saving.

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Intelligent Building Automation Technologies Market Regional Insights

In 2022, the Europe market was estimated to be worth little about US$ 19.0 billion. Market expansion can be ascribed to EU regulations like the Energy Performance of Buildings Directive, which aims to enhance energy efficiency for residential buildings. Additionally, it is expected that the increasing use of security systems by homeowners will boost potential by increasing the demand for smart grid services and energy-efficient products in France and Germany. This objective is also expected to fuel the regional growth during the forecast period.

Due to the uptake of intelligent building automation technologies in growing economies like China and India, market dynamics Asia Pacific are expected to gain a huge momentum. Additionally, governments from China, South Korea, and India are investing in the creation of smart cities. In addition, market participants are  benefitting financially from the region's improved network infrastructure in the years to come. Due to considerable investments in the construction of public infrastructure, the Middle East and Africa are predicted to have significant growth during the projected period, also encouraging installation of security systems is on the rise due to heavy flow of international tourists, which is boosting demand for intelligent building automation technologies.

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Intelligent Building Automation Technologies Market Dynamics

Intelligent Building Automation Technologies Market Driver

Increase in building automation of security systems

  • Through biometric systems and videotape monitoring, building automation technologies assist in automating a structure's security. Thee surveillance systems installed at airports, churches, office buildings, and other locations. 
  • Due to the increased attention for security issues as a result of terrorist attacks and criminal activity, several governments have mandated to install these systems in public interest and prevention of any mishap in public spaces.

Intelligent Building Automation Technologies Market Restraint

Lack of technological awareness to lead imbalance in adoption of automation systems

  • Building automation technology helps in energy conservation and cost-saving operations. Despite this, end users are reluctant to implement automation systems owing to the disbelief and impression that these systems are expensive to install and costly to maintain. They also don't realise that the cost is mostly determined by how complicated the integration is for a particular operation. End users expect inexpensive structural automation systems but are unaware of the degree of the energy savings and the benefits of long-term cost reductions that go along with them.

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Intelligent Building Automation Technologies Market Competitive Landscape

Partnerships, strategic mergers and acquisitions are the most efficient strategies for market companies to quickly enter new markets. The industry participants are exploring the markets to build potential in the long term. In the consumer space, with the demand for novel and innovative products, industry players are also emphasizing the consumer needs to create customizable technological solutions.

Intelligent Building Automation Technologies Market Top Player’s Company Profiles

  • Honeywell International Inc.
  • Siemens AG
  • Schneider Electric SE
  • Johnson Controls International plc
  • ABB Ltd.
  • United Technologies Corporation
  • Legrand SA
  • Cisco Systems Inc.
  • Lutron Electronics Co. Inc.
  • Crestron Electronics Inc.
  • Ingersoll Rand Inc.
  • Control4 Corporation
  • Delta Controls Inc.
  • Hubbell Inc.
  • Robert Bosch GmbH
  • Beckhoff Automation GmbH & Co. KG
  • Leviton Manufacturing Co. Inc.
  • BuildingIQ Inc.
  • Echelon Corporation
  • KMC Controls Inc.

Intelligent Building Automation Technologies Market Recent Developments

  • In February 2021, Honeywell and SAP SE collaborated to integrate pall-grounded business and functional technology data into building performance to improve energy effectiveness. This information offers business organisations, owners of real estate, and architects aggregate financial and functional insight for their portfolios.
  • In August 2021, Siemens introduced the Desigo PXC5 for the operation and integration of HVAC systems as well as the Desigo PXC4 for HVAC shops. The most adaptable and scalable structure automation is achieved by using these latest generation Desigo erecting automation regulators to automate small and medium-sized structures.

Intelligent Building Automation Technologies Key Market Trends

  • High energy costs and increasing consumer awareness: The market for intelligent building automation is expanding as a result of rising energy costs, demand for efficient energy, and a significant rise in the use of renewable energy sources. Consumers are becoming highly aware of the need to safeguard the ecosystem which helps the industry grow. Government laws with stringent norms for energy use have also encouraged the deployment of intelligent building automation technologies.
  • Increase in carbon emissions and operational costs: Due to the increased emphasis on reducing carbon dioxide emissions, the operating and infrastructural costs can be reduced. Additionally, the market is impacted by the growing demand for better security and safety in smart buildings. With the development of internet of things and improving automotive technology, there are projected to be growth prospects due to the increasing demand from the commercial, residential, and industrial segments.

Intelligent Building Automation Technologies Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.


According to the global intelligent building automation technologies market analysis, the security systems dominated the global intelligent building automation technologies market in 2022 and is expected to maintain its dominance throughout the forecast period. In 2022, Europe dominated the global intelligent building automation technologies market owing to the Europe’s highly aware and economically stable population.

 

Report Metric Details
Market size value in 2023 USD 78.17 billion
Market size value in 2031 USD 148.99 billion
Growth Rate 7.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware, Software, Service
  • Product
    • Facility Management Systems, Security Systems Defense & Aerospace, Manufacturing, Healthcare, Others
  • Application
    • Residential, Commercial, Industrial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Honeywell International Inc.
  • Siemens AG
  • Schneider Electric SE
  • Johnson Controls International plc
  • ABB Ltd.
  • United Technologies Corporation
  • Legrand SA
  • Cisco Systems Inc.
  • Lutron Electronics Co. Inc.
  • Crestron Electronics Inc.
  • Ingersoll Rand Inc.
  • Control4 Corporation
  • Delta Controls Inc.
  • Hubbell Inc.
  • Robert Bosch GmbH
  • Beckhoff Automation GmbH & Co. KG
  • Leviton Manufacturing Co. Inc.
  • BuildingIQ Inc.
  • Echelon Corporation
  • KMC Controls Inc.
Customization scope

Free report customization with purchase. Customization includes:-

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  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Intelligent Building Automation Technologies Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Intelligent Building Automation Technologies Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Intelligent Building Automation Technologies Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Intelligent Building Automation Technologies Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Intelligent Building Automation Technologies Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Intelligent Building Automation Technologies Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Intelligent Building Automation Technologies Market size was valued at USD 78.17 billion in 2019 and is poised to grow from USD 83.82 billion in 2023 to USD 148.99 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Partnerships, strategic mergers and acquisitions are the most efficient strategies for market companies to quickly enter new markets. The industry participants are exploring the markets to build potential in the long term. In the consumer space, with the demand for novel and innovative products, industry players are also emphasizing the consumer needs to create customizable technological solutions. 'Honeywell International Inc.', 'Siemens AG', 'Schneider Electric SE', 'Johnson Controls International plc', 'ABB Ltd.', 'United Technologies Corporation', 'Legrand SA', 'Cisco Systems Inc.', 'Lutron Electronics Co. Inc.', 'Crestron Electronics Inc.', 'Ingersoll Rand Inc.', 'Control4 Corporation', 'Delta Controls Inc.', 'Hubbell Inc.', 'Robert Bosch GmbH', 'Beckhoff Automation GmbH & Co. KG', 'Leviton Manufacturing Co. Inc.', 'BuildingIQ Inc.', 'Echelon Corporation', 'KMC Controls Inc.'

Through biometric systems and videotape monitoring, building automation technologies assist in automating a structure's security. Thee surveillance systems installed at airports, churches, office buildings, and other locations. 

In 2022, the Europe market was estimated to be worth little about US$ 19.0 billion. Market expansion can be ascribed to EU regulations like the Energy Performance of Buildings Directive, which aims to enhance energy efficiency for residential buildings. Additionally, it is expected that the increasing use of security systems by homeowners will boost potential by increasing the demand for smart grid services and energy-efficient products in France and Germany. This objective is also expected to fuel the regional growth during the forecast period.

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