Intelligent Building Automation Technologies Market Size, Share, Growth, and Industry Analysis, By Type (Security Systems, Life Safety Systems, Facility Management Systems, Building Energy Management System and Others), By Application (Residential, Commercial, Industrial and Others), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

INTELLIGENT BUILDING AUTOMATION TECHNOLOGIES MARKET REPORT OVERVIEW

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The global intelligent building automation technologies market size was USD 74820 million in 2021 and the market is projected to touch USD 113550 million by 2027, exhibiting a CAGR of 7.2% during the forecast period.

The use of cutting-edge technology to regulate and oversee diverse building systems in order to improve sustainability, comfort, security, and efficiency is known as intelligent building automation technologies. These technologies automate and optimize building system operations through the use of sensors, actuators, communication networks, and software. The building management system, or BMS/BAS, is responsible for integrating and overseeing several building systems, including lighting, security, fire safety, HVAC (heating, ventilation, and air conditioning), and more. It offers a centralized platform for managing, adjusting, and enhancing various systems to raise building performance as a whole.

COVID-19 Impact: Pandemic Driven Remote Operations and Digital Transformation Shooted Up the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

In order to meet new concerns relating to health, safety, and operational efficiency, the COVID-19 pandemic has sped up the adoption and advancement of intelligent building automation technology. However, it has also brought problems. The future of building management and design will probably continue to be shaped by the integration of these technologies. Building designs have been reevaluated in response to the pandemic, with an emphasis on making areas that are adaptive, flexible, and outfitted with smart technology to handle upcoming difficulties, such as health emergencies.

LATEST TRENDS

"5G Integration with Hybrid Work Environment to Build Up the Market Share"

In smart buildings, 5G network rollout improves connectivity between systems and devices. This facilitates a wider range of linked devices and allows for reduced latency and quicker data transfer. Intelligent building technologies are evolving to promote flexible and effective use of office spaces in response to the increase of remote and hybrid work practices. There is growing need for systems that maximize workstation use, meeting room availability, and resource allocation.

INTELLIGENT BUILDING AUTOMATION TECHNOLOGIES MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into security systems, life safety systems, facility management systems, building energy management system and others.

Security Systems: Access Control Systems employ key cards, biometrics, or other forms of authentication to control access to buildings or certain regions. For security reasons, CCTV (closed-circuit television) and surveillance systems keep an eye on and document activity within and around the structure. Systems for detecting and alerting users to intrusions and security breaches are known as intrusion detection systems. Alarm systems are designed to alert residents or authorities in the event of an emergency. Examples of alarm systems include burglary and fire alarms.

Life Safety Systems: In the case of a fire, fire alarm systems can detect and notify residents. They may also come equipped with sprinkler systems, smoke detectors, and heat detectors. Emergency Lighting Systems provide light along escape routes in the event of an emergency or power loss. During crises, mass notification systems notify building residents in a timely and coordinated manner.

Facility Management Systems: Building Automation Systems (BAS), also known as Building Management Systems (BMS), are designed to enhance energy efficiency and occupant comfort by controlling and monitoring a variety of building systems, such as HVAC, lighting, and security. Work Order Management Systems (WOMs) facilitate the efficient administration of building maintenance and repair assignments. Space management systems, which track occupancy and schedule rooms, aid in making the most use of the available space.

Building Energy Management System (BEMS): Control Systems for HVAC Improve the energy efficiency and comfort of occupants by optimizing the heating, ventilation, and air conditioning systems. To save energy, lights Control Systems automatically modify lights according to occupancy, available light, and time of day. Energy Analytics and Monitoring: These methods monitor and examine energy consumption trends in order to spot areas where efficiency may be increased. Renewable Energy Integration: To help meet the building's energy requirements, incorporate renewable energy sources like solar panels.

• By Application

Based on application the global market can be categorized into residential, commercial, industrial and others.

Residential Applications: Intelligent building technologies are frequently incorporated into home automation systems in residential settings. These systems might include remote-controlled smart appliances, security systems, lighting controls, and thermostats. Energy monitoring, smart lighting, and energy-efficient HVAC systems may all help residential buildings use less energy and pay less for utilities. The safety and security of residential properties are improved by integrated security systems that include motion sensors, smart locks, and video cameras. Entertainment items such as audio systems and home theaters are frequently managed via automation technology.

Commercial Applications: BMS is used in commercial buildings to integrate and manage a variety of systems, such as access control, security, lighting, and HVAC. Occupancy sensors are used in workplaces and commercial facilities to adjust HVAC and lighting settings according to the presence of people. Automated lighting systems offer programmable lighting options for various regions and contribute to increased energy economy. Modern access control systems are used in commercial buildings to regulate access and keep an eye on people's movements inside the facility.

Industrial Applications: Building automation in manufacturing and industrial buildings includes production line control systems, machinery control systems, and other industrial process control systems. To guarantee effective manufacturing operations, industrial facilities frequently need to precisely manage environmental factors like humidity and temperature.Energy management systems help improve energy use and save operating costs in industrial facilities. To protect people and property in industrial settings, life safety systems—including fire detection and suppression systems—are essential.

Others: Smart grid integration may benefit both the business and industrial sectors by optimizing energy use and promoting system stability.

Building managers and owners may monitor and control operations remotely from any location, as well as get warnings and make changes.

DRIVING FACTORS

"Rise in Adoption of Automated Security System in Buildings to Step Up the Market Sales"

Building automation technologies facilitate the automation of a structure's security through the use of biometric and videography surveillance systems. A videotape surveillance system watches and documents people's actions and socialization. There are surveillance systems installed in office buildings, seminaries, airfields, and other locations. In response to the increasing attention on security concerns brought about by an increase in terrorist attacks and criminal activity, some governments have made the installation of these systems mandatory for the protection of public areas and important structures.

"Energy Efficiency and Sustainability to Accelerate the Market Growth"

The development of smart cities—which use intelligent building technologies to improve overall urban infrastructure and sustainability—is becoming more and more important as urban areas expand. Energy management systems and other building automation technology assist optimize energy use, which eventually results in considerable cost savings. An emphasis on sustainable practices has arisen as environmental challenges have gained more attention. By effectively using resources, intelligent building technologies help to lower a building's carbon footprint. Automation technologies improve operational efficiency by enabling remote monitoring and control, which eliminates the need for staff to be present on site. Proactive maintenance is made possible by predictive analytics, which lowers downtime and increases the lifespan of building systems.

RESTRAINING FACTOR

"Presence of Various Communication Protocols to Restrain and Hold Back the Market Growth"

The synchronization and connection between the many equipment utilized in the entire system is what gives automation systems their power. For a building automation system to operate well, communication protocols are essential to the correct integration of diverse bias and hardware. However, these biases may employ diverse protocols as a result of the absence of widely accepted open communication protocols. However, it is anticipated that various communication protocols in some developing nations and security concerns may restrict the worldwide intelligent building automation technologies market growth.

INTELLIGENT BUILDING AUTOMATION TECHNOLOGIES MARKET REGIONAL INSIGHTS

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"North America to Lead the Market with Focus on Smart Cities and Energy Efficiency"

"The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa."

The United States, in particular, has been a hub for AI development and IoT penetration, as well as a major contributor to the intelligent building automation technologies market share. Leading nations in the market for intelligent building automation have been the US and Canada. The adoption of these technologies has been fueled by the need for energy-efficient solutions, an emphasis on smart cities, and strict building energy efficiency rules.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important market players are crucial for determining consumer preferences and market dynamics since they have a big impact on the market. Customers have easy access to a huge selection of garment options because to the large retail networks and online platforms of these large corporations. Product adoption has increased as a result of their well-known brand and strong worldwide presence, which have also boosted customer loyalty and confidence.

List of Market Players Profiled

• Siemens Building Technologies Inc. (Switzerland)

• Schneider Electric (France)

• Honeywell International Inc. (U.S.)

• Johnson Control Inc. (U.S.)

• United Technologies Corporation (U.S.)

• ABB Limited (Switzerland)

• Azbil Corporation (Japan)

• Eaton Corporation (Ireland)

• General Electric (U.S.)

• Ingersoll Rand Inc. (U.S.).

INDUSTRIAL DEVELOPMENT

• June 2020: Honeywell and SAP SE collaborated to improve the energy-efficiency of buildings through the integration of functional technology data with grounded business information. Commercial businesses, owners of real estate, and structural drivers can use this data to get aggregate financial and functional knowledge for their portfolios.

• August 2020: Siemens introduced Desigo PXC5 for HVAC system integration and function, and Desigo PXC4 for HVAC shops. To achieve the most flexible and adaptable structure automation, small and medium-sized structures may be automated with the aid of these new generation Desigo erecting automation regulators.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.