Building Automation and Control Systems Market: Growth Opportunities led by ABB Ltd. and Bajaj Electricals Ltd.

NEW YORK, Dec. 8, 2022 /PRNewswire/ — The building automation and control systems market size is forecasted to increase by USD 31,125.12 million from 2022 to 2027, at a CAGR of 9.25%, according to the recent market study by Technavio. The growth of the market will be driven by the demand for energy efficiency, the need for comfort and foolproof security systems, and the customization of automation and building control systems.

Technavio categorizes the global building automation and control systems market as a part of the electrical components and equipment market, which covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment.

Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report

Technavio has extensively analyzed 15 major vendors, including 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.

Key benefits for industry players & stakeholders –

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.

• The report also provides a qualitative and quantitative analysis of vendors 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.

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Customer landscape – Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 

• Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.

• Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the building automation and control systems market by industry experts to evaluate and develop growth strategies.

The market is segmented by end-user (commercial buildings, residential buildings, government buildings, and other buildings) and type (integration and services).

Segmentation by end-user (inclusion/exclusion)

The commercial buildings segment grew gradually by USD 17,396.52 million between 2017 and 2021. During the forecast period, the growth of this segment will be driven by factors such as the need to increase energy efficiency in emerging economies and government regulations and growing awareness about the importance of energy efficiency. In addition, many vendors are offering customized solutions to commercial end-users at competitive rates to increase their market shares and expand their customer base.

To get detailed insights about inclusions and exclusions, buy the report.

Related Reports –

Commercial Building Automation Systems Market by Technology and Geography – Forecast and Analysis 2022-2026 – size is estimated to increase by USD 18.97 billion from 2021 to 2026, with an accelerated CAGR of 8.98%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by technology (wired and wireless) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

Automation Systems Market in Indonesia by Component and End-user – Forecast and Analysis 2022-2026 – size is estimated to increase by USD 1.24 billion from 2021 to 2026, with an accelerated CAGR of 9.98%, according to the recent market study by Technavio. The simplification of manufacturing through automation systems is one of the key factors driving the market growth.

What are the key data covered in the building automation and control systems market?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the building automation and control systems market between 2023 and 2027

• Precise estimation of the size of the building automation and control systems market size and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the building automation and control systems market across APAC, North America, Europe, 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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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio