Global Building Automation System Growth Opportunities

Global Building Automation System Growth Opportunities

Connectivity, Convergence, and Energy Efficiency will Drive Transformational Growth

RELEASE DATE
31-Mar-2023
REGION
North America
Research Code: PE49-01-00-00-00
SKU: EN01377-GL-MT_27523
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Description

The global building automation system (BAS) market is undergoing a significant transformation. The rapid increase in the digitalization of buildings has resulted in a spurt in demand for smart building management solutions and BASs. These technologies are causing significant disruptions, driving a shift away from traditional building administration methods towards integrated systems and collaborative efforts.

BASs can help automate, control, and optimize a range of building systems, such as lighting, heating, ventilation, and air conditioning (HVAC), to improve energy efficiency and reduce energy costs. They can also improve indoor air quality (IAQ) and comfort by controlling and monitoring the temperature and humidity in a building. The use of the Internet of things (IoT) in buildings is growing, driving demand for BASs that can integrate with these devices and enable remote monitoring and control.

The global BAS market is on an upswing and is expected to have a compound annual growth rate (CAGR) of 6.6% from 2022 until 2028. While COVID-19 has accelerated the need for digitalization in buildings and intensified the focus on the health and wellness of occupants, consumer awareness of energy-efficient and sustainable buildings acts as a key growth accelerator for this market.

This research service covers the automation layers of BAS architecture and analyzes the commercial and industrial end-user segments. The report categorizes the global BAS market into five regions, namely, North America, Latin America, Europe, the Middle East & Africa, and the Asia-Pacific, and provides a region-wise analysis. It examines the factors driving and restraining growth and identifies the growth opportunities emerging from the changes in this space for market players and stakeholders to leverage. The base year is 2022, and market numbers are forecast until 2028.

Author: Viswesh Vancheeshwar

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Building Automation System (BAS) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Key Competitors

Key Growth Metrics

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraint Analysis

Growth Restraint Analysis (continued)

Growth Restraint Analysis (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Percent Revenue Forecast by Vertical

Revenue Forecast by Vertical

Revenue Forecast Analysis by Vertical

Key Trends: Impact of COVID-19

Key Trends: Semiconductor Shortage

Key Trends: Russo-Ukrainian War

Key Trends: Chinese Market Slowdown

Pricing Trends Analysis

Competitive Environment

Revenue Share Analysis

Key Growth Metrics

Revenue Forecast

Percent Revenue Forecast by Vertical

Revenue Forecast by Vertical

Forecast Analysis

Market Share Analysis

Key Growth Metrics

Revenue Forecast

Percent Revenue Forecast by Vertical

Revenue Forecast by Vertical

Forecast Analysis

Market Share Analysis

Key Growth Metrics

Revenue Forecast

Percent Revenue Forecast by Vertical

Revenue Forecast by Vertical

Forecast Analysis

Market Share Analysis

Key Growth Metrics

Revenue Forecast

Percent Revenue Forecast by Vertical

Revenue Forecast by Vertical

Forecast Analysis

Market Share Analysis

Key Growth Metrics

Revenue Forecast

Percent Revenue Forecast by Vertical

Revenue Forecast by Vertical

Forecast Analysis

Market Share Analysis

Growth Opportunity 1: Smart and Connected Buildings

Growth Opportunity 1: Smart and Connected Buildings (continued)

Growth Opportunity 2: Digital Twins

Growth Opportunity 2: Digital Twins (continued)

Growth Opportunity 3: Energy Efficiency and Sustainability

Growth Opportunity 3: Energy Efficiency and Sustainability (continued)

Growth Opportunity 4: New Business Models

Growth Opportunity 4: New Business Models (continued)

List of Companies in the Others Segment

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

The global building automation system (BAS) market is undergoing a significant transformation. The rapid increase in the digitalization of buildings has resulted in a spurt in demand for smart building management solutions and BASs. These technologies are causing significant disruptions, driving a shift away from traditional building administration methods towards integrated systems and collaborative efforts. BASs can help automate, control, and optimize a range of building systems, such as lighting, heating, ventilation, and air conditioning (HVAC), to improve energy efficiency and reduce energy costs. They can also improve indoor air quality (IAQ) and comfort by controlling and monitoring the temperature and humidity in a building. The use of the Internet of things (IoT) in buildings is growing, driving demand for BASs that can integrate with these devices and enable remote monitoring and control. The global BAS market is on an upswing and is expected to have a compound annual growth rate (CAGR) of 6.6% from 2022 until 2028. While COVID-19 has accelerated the need for digitalization in buildings and intensified the focus on the health and wellness of occupants, consumer awareness of energy-efficient and sustainable buildings acts as a key growth accelerator for this market. This research service covers the automation layers of BAS architecture and analyzes the commercial and industrial end-user segments. The report categorizes the global BAS market into five regions, namely, North America, Latin America, Europe, the Middle East & Africa, and the Asia-Pacific, and provides a region-wise analysis. It examines the factors driving and restraining growth and identifies the growth opportunities emerging from the changes in this space for market players and stakeholders to leverage. The base year is 2022, and market numbers are forecast until 2028. Author: Viswesh Vancheeshwar
More Information
Author Viswesh Vancheeshwar
Industries Environment
No Index No
Is Prebook No
Keyword 1 Building Automation Control Systems
Keyword 2 Global Building Automation System Market
Keyword 3 building control systems
Podcast No
Predecessor MF31-01-00-00-00
WIP Number PE49-01-00-00-00