Global Market for Building Information Modeling is Anticipated to grow at a Significant Pace i.e., USD 155.5 Billion during the Forecast Period 2022-2028

Published Date: Mar, 2022

The report "Building Automation System Market by Product Type (Hardware, Software, and Services), by System Type (Security & Surveillance, HVAC, Lighting Solutions, and BEMS), by Offerings (Facility Management Systems, Security & Access Controls, Fire Protection Systems, BEM Software, and BAS Services), by Communication Technology (Wired Technology and Wireless Technology), by Application (Commercial, Residential, and Industrial) - Global Forecast to 2028", The global building automation systems market is anticipated to grow at a 12% CAGR during the forecast period. Building automation systems, also called building automation and control systems (BACS), are automated systems that connect and integrate various facility technologies, such as HVAC, lighting, surveillance, security, etc., through information flow to a monitoring point. The main function of building automation systems is to monitor system performance and device failures across all systems, manage building climate based on an occupancy schedule, and provide malfunction alarms. The rising global concerns about energy conservation and rising focus on overcoming energy costs will drive the market demand for building automation systems so as to make building more energy efficient. Furthermore, the mounting demand for deployment in commercial applications so as to reduce the operating cost of the building along with maintaining temperature and lighting levels and improving security will accelerate the market development of the building automation systems industry. Nevertheless, the emergence of smart cities and the advent of IIoT will accelerate the market growth for the building automation systems industry.

In June 2022, a new version of Metasys, the company's market-leading Building Automation System (BAS), which serves as the cornerstone for completely optimized building management, has been released by Johnson Controls, the world leader for smart, healthy, and sustainable buildings. For optimal operator efficiency, HVAC and non-HVAC systems are integrated into one platform by Metasys' intuitive design. The Metasys 12.0 release is intended to maintain the most recent networking and IT security requirements, enable quick field troubleshooting, and cut down on installation time and expense. Additionally, it offers older Metasys software users a sizable opportunity to upgrade their systems.

The COVID-19 outbreak has led to a halt in the construction and real estate sectors, leading to a negative impact on automated systems. However, post-COVID-19 crisis, the market demand for building automation systems has increased.

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Building Automation System Market by Product Type (Hardware, Software, and Services), by System Type (Security & Surveillance, HVAC, Lighting Solutions, and BEMS), by Offerings (Facility Management Systems, Security & Access Controls, Fire Protection Systems, BEM Software, and BAS Services), by Communication Technology (Wired Technology and Wireless Technology), by Application (Commercial, Residential, and Industrial), and Region - Global Forecast to 2028"

By application, the residential segment is anticipated to have a high CAGR during the forecast period.

Based on application, the global building automation system market is segregated into commercial, residential, and industrial. The residential application is anticipated to have a high CAGR during the forecast period owing to increased adoption of these solutions in residential areas, mounting use of smartphone applications to control BAS, rising need of consumers to simplify the process of controlling building appliances, and connectivity safety. Moreover, the increased prominence of BAS for security purposes and awareness about energy consumption will augment the market growth of building automation systems in the residential sector.

Global Building Information Modeling Market Segmentation Analysis

Segment

Categorization

Leading Category

Offering Type

 Software (Architectural Design, Sustainability, Structures, MEP, Construction, and Facility Management) and Services (Software Support and Maintenance and Project Management and Support)

Software (Largest)

Services (Highest)

Deployment Type

On-Premise and Cloud

On-Premise (Largest)

Cloud (Highest)

Project Lifecycle

Preconstruction, Construction, and Operation

Preconstruction (Significant Growth)

 

Application

Building, Industrial, Civil Infrastructure, Oil & Gas, Utilities, and Others

Building (Largest)

 

End User

AEC Professionals, Consultants & Facility Managers, and Others

AEC Professionals (Largest)

Region

North America, Europe, Asia-Pacific, and the Rest of the World

North America

(Largest)

Asia-Pacific (Fastest)

 

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“Asia-Pacific is anticipated to have the highest CAGR in the Building Automation System Market during the forecast period.”

Asia-Pacific is anticipated to have a high CAGR during the forecast period owing to strict regulations regarding energy efficiency, several initiatives taken by countries like China and India for economic growth, and mounting development in construction and industrial activities that will drive market growth in the building automation system industry in the region.

Some of the major players in the global Building Automation System industry include Johnson Controls, Honeywell International Inc., ABB, Siemens, Emerson Electric Co., Schneider Electric, Carrier, Mitsubishi Electric Corporation, Bosch Sicherheitssysteme GmbH, and Legrand.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2016–2028

Historical Period

2016–2020

Base Year

2020

Forecast Period

2022–2028

Segments Covered in the Study

Offering Type, Deployment Type, Project Lifecycle, Application, End User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Autodesk Inc., Nemetschek, Graphisoft, Asite, BENTLEY SYSTEMS, INCORPORATED, Dassault Systèmes, Hexagon AB, Trimble Inc., PENTAGON SOLUTIONS LTD, and AVEVA Group plc

Global Building Automation System Market Coverage

Product Type Insight and Forecast 2016-2028

  • Hardware
  • Software
  • Services

System Type Insight and Forecast 2016-2028

  • Security & Surveillance
  • HVAC
  • Lighting Solutions
  • BEMS (Building Energy Management)

Offerings Insight and Forecast 2016-2028

  • Facility Management Systems
  • Security & Access Controls
  • Fire Protection Systems
  • BEM Software
  • BAS Services

Communication Technology Insight and Forecast 2016-2028

  • Wired Technology
  • Wireless Technology

Application Insight and Forecast 2016-2028

  • Commercial
  • Residential
  • Industrial

Geographical Segmentation

Building Automation System Market by Region

North America

  • By Product Type
  • By System Type
  • By Offerings
  • By Communication Technology
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product Type
  • By System Type
  • By Offerings
  • By Communication Technology
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and the Rest of Europe

Asia-Pacific (APAC)

  • By Product Type
  • By System Type
  • By Offerings
  • By Communication Technology
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product Type
  • By System Type
  • By Offerings
  • By Communication Technology
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries