Global Intelligent Building Automation Technologies Market

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

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

Global 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

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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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