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Building Automation and Control Systems Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 165
  • SKU: IRTNTR44667
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The building automation and control systems market is estimated to grow at a CAGR of 9.25% between 2022 and 2027. The size of the market is forecast to increase by USD 31,125.12 million. The growth of the market depends on serval factors, including the demand for energy efficiency, the demand for comfort and foolproof security systems, and the customization of automation and building control systems.

This report extensively covers market segmentation by end-user (commercial buildings, residential buildings, government buildings, and other buildings), type (integration and services), and geography (Europe, North America, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Building Automation And Control Systems Market During the Forecast Period?

Building Automation and Control Systems Market Size

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Parent Market Analysis

Technavio categorizes the global building automation and control systems (BACS) market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components and equipment market cover companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Building Automation And Control Systems Market: Key Drivers, Trends, Challenges, and Customer Landscape

The demand for energy efficiency is notably driving the market growth, although factors such as interoperability problems may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Building Automation And Control Systems Market Driver 

The demand for energy efficiency is the key factor driving the global building automation and control systems market growth. Utility bills are a major contributor to the total operational costs of office buildings. Reducing energy use will help companies make significant cost savings. Due to the rise in infrastructural developments, more commercial and office buildings are expected to come up. Fire and safety control, surveillance systems, and HVAC and lighting systems needed to be installed in these buildings to improve the infrastructure and reinforce safety and security, therefore requiring the installation of BACS to achieve operational efficiency.

Residential complexes are following suit by installing these solutions to enable residents maximum comfort. The solutions give control to these end-users and enable them to regulate room temperature and control the lighting systems within each house in the residential complex, thereby enhancing operational efficiency and helping to reduce utility bills. These factors will drive the growth of the market during the forecast period.

Key Building Automation And Control Systems Market Trend

The increase in the use of personnel assistants in residential buildings will fuel the global building automation and control systems market growth. Amazon and Google have introduced personnel assistant devices, which support smart home applications, thus facilitating the connection of these smart electronic devices to various appliances within the house. The devices can be accessed through the Internet and receive voice commands, making them user-friendly.

These devices act as a controller for lighting systems and thermostats and also work as personal assistants by helping users to maintain schedules. They are available with additional features such as setting up alarms and taking notes. Such devices and their applications are relatively new, but the rising trend of converting houses into smart homes is gaining traction and is expected to attain popularity over time. Such factors will increase the market growth during the forecast period.

Key Building Automation And Control Systems Market Challenge

The interoperability problems are a major challenge to the global building automation and control systems market growth. Another problem that hinders the implementation of building automation solutions is the lack of interoperability between hardware components, as the new controls and the existing lighting, HVAC, and other systems may not be compatible with each other. In case of incompatibility, the end-user must modernize the entire range of products, which will add to the cost of installing the BACS. It is very difficult for the end-users to find the appropriate solution type which is compatible with their existing products.

Developments in technology and product upgrades within the BACS industry are leading to the issue of interoperability, especially in old building types such as government buildings. Most vendors supply products that cannot be used interchangeably with other vendor products. This is a problem for many end-users as they are to rely on a single vendor product only, which makes it financially challenging to switch to a new vendor as the switching costs are very high. Customers are losing the freedom of choice due to the proprietary building automation solutions. Such factors may hinder the growth of the market during the forecast period.

Key Building Automation And Control Systems Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Building Automation and Control Systems Market Share by Geography

Global Building Automation and Control Systems Market Customer Landscape

 

Who are the Major Building Automation and Control Systems Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

buildinglogix.net - The company offers automation solutions for the integration of building facilities. Also, under this segment, the company offers services such as master systems integrator, building automation systems, hardware distribution, and enterprise system integration.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ABB Ltd.
  • Bajaj Electricals Ltd.
  • Emerson Electric Co.
  • Evon Technologies Pvt. Ltd.
  • Forescout Technologies Inc.
  • Honeywell International Inc.
  • IoEnergy Inc.
  • Itron Inc.
  • Johnson Controls International Plc
  • KMC Controls Inc.
  • Legrand SA
  • Lutron Electronics Co. Inc.
  • Mode Green Integrated Building Technology
  • OptergyA
  • PointGrab Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Building Automation And Control Systems Market?

The market share growth by the commercial buildings segment will be significant during the forecast period. The need to increase energy efficiency in emerging economies is expected to encourage many commercial buildings in the region to implement BACS. Government regulations and growing awareness about the importance of energy efficiency are other reasons for the growth in this segment. Stage-1 automation solutions are being implemented in commercial buildings in most countries to address compliance with government regulations. These automation solutions increase the overall operational efficiency of the buildings.

Building Automation and Control Systems Market Size

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The commercial buildings segment shows a gradual increase in the market share of USD 17,396.52 million in 2017 and continue to grow by 2021In addition to the traditional control systems, other technological advances in touchscreen user interfaces and wireless connectivity have helped in making these solutions operate more effectively. Many vendors offer customized solutions to commercial end-users at very competitive prices to increase their market shares and expand their customer base. As commercial buildings and offices are the major energy consumers in comparison to other types of buildings, it will lead to an increased demand for the deployment of automation solutions during the forecast period.

Which are the Key Regions for the Building Automation And Control Systems Market?

Building Automation and Control Systems Market Share by Geography

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Europe is projected to contribute 31% of market growth by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The revised Energy Performance of Buildings Directive (Directive (EU) 2018/844) directed that all EU member states would be allowed time until March 10, 2020, to transpose the directive into national legislation. This includes innovative approaches, which could potentially address market failures that are currently preventing the benefits of BACS from being fully realized. This would also help achieve huge energy and CO2 savings while also enhancing the comfort and health of users. All non-residential buildings will need to be equipped with BACS, and each member state is expected to comply with the requirements. These developments are expected to drive the growth of the BACS market in Europe during the forecast period.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to an upsurge in the demand for Europe. However, the market recovered by the end of 2021, owing to the initiation of large-scale vaccination drives and the resumption of operations in manufacturing units. Furthermore, the adoption of work-from-home by many regional companies and multinational corporations (MNCs) has fueled the demand for BACS in the region. Such factors are anticipated to drive the BACS market in the region during the forecast period.  

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by end-user, type and region.

  • End-user Outlook ( USD Million, 2017 - 2027)
    • Commercial buildings
    • Residential buildings
    • Government buildings
    • Other buildings
  • Type Outlook ( USD Million, 2017 - 2027)
    • Integration
    • Services
  • Region Outlook ( USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Building Automation And Control Systems Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.25%

Market growth 2023-2027

USD 31,125.12 million

Market structure

Fragmented

YoY growth (%)

7.46

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 31%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Building Automation And Control Systems Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the building automation and control systems market size and its contribution of the market in focus to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the market industry across Europe, North America, APAC, Middle East and Africa, and South America.
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of building automation and control systems market vendors.

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global building automation and control systems market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global building automation and control systems market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Commercial buildings - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Commercial buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Commercial buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Commercial buildings - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Commercial buildings - Year-over-year growth 2022-2027 (%)
    • 6.4 Residential buildings - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Residential buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Residential buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Residential buildings - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Residential buildings - Year-over-year growth 2022-2027 (%)
    • 6.5 Government buildings - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Government buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Government buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Government buildings - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Government buildings - Year-over-year growth 2022-2027 (%)
    • 6.6 Other buildings - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Other buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Other buildings - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Other buildings - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Other buildings - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by End-user
      • Exhibit 50: Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 51: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 52: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 53: Chart on Comparison by Type
      • Exhibit 54: Data Table on Comparison by Type
    • 7.3 Integration - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Integration - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Integration - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Integration - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Integration - Year-over-year growth 2022-2027 (%)
    • 7.4 Services - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 116: ABB Ltd. - Overview
              • Exhibit 117: ABB Ltd. - Business segments
              • Exhibit 118: ABB Ltd. - Key news
              • Exhibit 119: ABB Ltd. - Key offerings
              • Exhibit 120: ABB Ltd. - Segment focus
            • 12.4 Bajaj Electricals Ltd.
              • Exhibit 121: Bajaj Electricals Ltd. - Overview
              • Exhibit 122: Bajaj Electricals Ltd. - Business segments
              • Exhibit 123: Bajaj Electricals Ltd. - Key news
              • Exhibit 124: Bajaj Electricals Ltd. - Key offerings
              • Exhibit 125: Bajaj Electricals Ltd. - Segment focus
            • 12.5 BuildingLogiX
              • Exhibit 126: BuildingLogiX - Overview
              • Exhibit 127: BuildingLogiX - Product / Service
              • Exhibit 128: BuildingLogiX - Key offerings
            • 12.6 Emerson Electric Co.
              • Exhibit 129: Emerson Electric Co. - Overview
              • Exhibit 130: Emerson Electric Co. - Business segments
              • Exhibit 131: Emerson Electric Co. - Key offerings
              • Exhibit 132: Emerson Electric Co. - Segment focus
            • 12.7 Evon Technologies Pvt. Ltd.
              • Exhibit 133: Evon Technologies Pvt. Ltd. - Overview
              • Exhibit 134: Evon Technologies Pvt. Ltd. - Product / Service
              • Exhibit 135: Evon Technologies Pvt. Ltd. - Key offerings
            • 12.8 Forescout Technologies Inc.
              • Exhibit 136: Forescout Technologies Inc. - Overview
              • Exhibit 137: Forescout Technologies Inc. - Product / Service
              • Exhibit 138: Forescout Technologies Inc. - Key news
              • Exhibit 139: Forescout Technologies Inc. - Key offerings
            • 12.9 Honeywell International Inc.
              • Exhibit 140: Honeywell International Inc. - Overview
              • Exhibit 141: Honeywell International Inc. - Business segments
              • Exhibit 142: Honeywell International Inc. - Key news
              • Exhibit 143: Honeywell International Inc. - Key offerings
              • Exhibit 144: Honeywell International Inc. - Segment focus
            • 12.10 IoEnergy Inc.
              • Exhibit 145: IoEnergy Inc. - Overview
              • Exhibit 146: IoEnergy Inc. - Product / Service
              • Exhibit 147: IoEnergy Inc. - Key offerings
            • 12.11 Itron Inc.
              • Exhibit 148: Itron Inc. - Overview
              • Exhibit 149: Itron Inc. - Business segments
              • Exhibit 150: Itron Inc. - Key offerings
              • Exhibit 151: Itron Inc. - Segment focus
            • 12.12 Johnson Controls International Plc
              • Exhibit 152: Johnson Controls International Plc - Overview
              • Exhibit 153: Johnson Controls International Plc - Business segments
              • Exhibit 154: Johnson Controls International Plc - Key news
              • Exhibit 155: Johnson Controls International Plc - Key offerings
              • Exhibit 156: Johnson Controls International Plc - Segment focus
            • 12.13 KMC Controls Inc.
              • Exhibit 157: KMC Controls Inc. - Overview
              • Exhibit 158: KMC Controls Inc. - Product / Service
              • Exhibit 159: KMC Controls Inc. - Key offerings
            • 12.14 Legrand SA
              • Exhibit 160: Legrand SA - Overview
              • Exhibit 161: Legrand SA - Business segments
              • Exhibit 162: Legrand SA - Key news
              • Exhibit 163: Legrand SA - Key offerings
              • Exhibit 164: Legrand SA - Segment focus
            • 12.15 Lutron Electronics Co. Inc.
              • Exhibit 165: Lutron Electronics Co. Inc. - Overview
              • Exhibit 166: Lutron Electronics Co. Inc. - Product / Service
              • Exhibit 167: Lutron Electronics Co. Inc. - Key offerings
            • 12.16 Mode Green Integrated Building Technology
              • Exhibit 168: Mode Green Integrated Building Technology - Overview
              • Exhibit 169: Mode Green Integrated Building Technology - Product / Service
              • Exhibit 170: Mode Green Integrated Building Technology - Key offerings
            • 12.17 OptergyA
              • Exhibit 171: OptergyA - Overview
              • Exhibit 172: OptergyA - Product / Service
              • Exhibit 173: OptergyA - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Building Automation and Control Systems Market market growth will increase by $31125.12 million during 2023-2027.
                The building automation and control systems market market is expected to grow at a CAGR of 9.25% during 2023-2027.
                Technavio has segmented the building automation and control systems market market by end-user (Commercial buildings, Residential buildings, Government buildings, and Other buildings) ,type (Integration, Services, APAC, MEA, and South America) , and geography (Europe, North America, APAC, Middle East and Africa, and South America).
                ABB Ltd., Bajaj Electricals Ltd., BuildingLogiX, Emerson Electric Co., Evon Technologies Pvt. Ltd., Forescout Technologies Inc., Honeywell International Inc., IoEnergy Inc., Itron Inc., Johnson Controls International Plc, KMC Controls Inc., Legrand SA, Lutron Electronics Co. Inc., Mode Green Integrated Building Technology, OptergyA, PointGrab Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Robert Bosch GmbH are a few of the key vendors in the building automation and control systems market market.
                Europe will register the highest growth rate of 30.79% among the other regions. Therefore, the building automation and control systems market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the building automation and control systems market market growth are:
                • Demand for energy efficiency
                • Increase in use of personnel assistant in residential buildings
                The building automation and control systems market market vendors should focus on grabbing business opportunities from the commercial buildings segment as it accounted for the largest market share in the base year.
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