Intelligent Building Automation Technologies Market - Forecast(2024 - 2030)
Intelligent Building Automation Technologies Market Overview
The Intelligent Building Automation Technologies Market size is forecast to reach US$106 billion by 2027, growing at a CAGR of 9.8 % from 2022 to 2027. Intelligent building or home automation is the centralized control of the buildings, lighting, HVAC, access control, IoT devices, and security systems, software, and other such integrated smart grid systems. Its application is found in buildings of the various sectors like aviation, education, retail, manufacturing, healthcare, and many others. The intelligent building automation technologies industry has significant growth owing to the need for green energy solutions, energy-efficient infrastructure; increased usage, automation and control systems, and growth in technologies like Internet of Things (IoT). The above mentioned factors are expected to drive the market growth. Automation and IoT faces a persistent threat of hacking and cybersecurity, and also lack of other necessary infrastructure like connectivity and networks still persists in many countries. The above mentioned factors are turning out to be a key restrains for market growth.
Intelligent Building Automation Technologies Market Report Coverage
The report: “Intelligent Building Automation Technologies Industry Outlook –
Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the
following segments of the Intelligent Building Automation Technologies industry.
Key Takeaways
- In the Intelligent Building Automation Technologies Market by category, the commercial building segment accounts for the largest share of up to 34% in 2021.This is due to the financial feasibility to implement the technology and the need for conservation of energy.
- The Intelligent Building Automation Technologies Market segmented by category finds the service segment has the largest market share in 2021. This is due to a surge in the demand for simplified and specific solutions and to reduce the operational costs for the client companies.
- North America market held the largest share of 35%,in 2021 and is expected to grow over the forecast period 2022-2027, This is due to increasing awareness about energy conservation among people who fueled the growth of green technology solutions. The financial potential with advanced technological research in North America helps in the growth of this market.
- The COVID-19 pandemic increased the demand for automated technologies and devices assisted with AI and ML in buildings. The increasing pollution and global warming concerns among people have boosted the requirement of green technology solutions to conserve energy-like intelligent building automation technologies. All these factors are analyzed to significantly drive the market.
Intelligent Building Automation Technologies Market Value Share, By Geography, 2021 (%)
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Intelligent Building Automation Technologies Market Segment Analysis- By Application
The Intelligent Building Automation Technologies Market by application is segmented into residential, commercial, and industrial. The commercial buildings segment held the largest share as of 2021 and is expected to grow over the forecast period 2022-2027. Commercial buildings mainly include office buildings, retail space, and warehouses. This growth in the segment is attributed to increasing demand for comfort, safety, and control with the help of automation. There is also sufficient financial potential in corporate organizations to avail this intelligent infrastructure. In April 2019, FacilityConneX, a leading real-time facility data monitoring solution and service provider announced that it will collaborate with Dell Technologies to bring smart building technology to its campus in Hopkinton, Mass. This is an example of intelligent building automation technologies used by corporate offices to optimize their energy consumption. In September 2021, ABB has supported the construction of the New Development Bank (NDB) Headquarters in Shanghai by installing an intelligent and integrated building controls system to manage indoor lighting, electric curtains and windows that involve more than 8,000 control circuits. Energy savings of more than 15% compared to conventional systems can be expected. As a result of this project of intelligent building automation technologies shall help the organization conserve energy and the save the cost. In May 2021, GE Research, the department of the General Electric Company (GE), officially launched two projects totaling $36 million to modernize DoD warehouses using smart 5G-enabled technologies at two military bases that support real-time planning and deployment of resources and supplies for critical missions. These projects of warehouses for defense shall help them manage inventory and optimize the stocks with the help of intelligent building automation technologies fetching real time data. Thus, increasing investments for innovations and development projects by such organizations help in the growth of the commercial segment in intelligent building automation technologies.
Intelligent Building Automation Technologies Market Segment Analysis- By End User
The Intelligent Building Automation Technologies Market by end user is segmented into manufacturing, aviation, corporate offices, retail, healthcare, life sciences, hospitality, education, others. The segment of corporate offices in Intelligent Building Automation Technologies Market held the largest share in 2021 and is predicted to grow further over the forecast period of 2022-2027.Smart technologies like sensors, smart thermostats, HVAC and lighting controls help reduce energy usage saving a significant amount of energy. They are the largest consumers of energy for machines, infrastructure lighting, air conditioning, and many other systems. In March 2022, Johnson Controls with matrix, a leading global technology solutions provider – will equip the new headquarters of the Discount Group near Tel Aviv with its OpenBlue digital platform technologies, creating new possibilities for operational energy efficiency, occupant comfort and sustainability in a dynamic solution. As a result, the growing competition among the corporates and technological advancement helps in growth of the corporate office segment. Thus, there are many such intelligent corporate offices projects like Watson IoT HQ, Germany, The Bullitt Center, Seattle, Washington, RBC Waterplace at Toronto, Canada, The Crystal in London, UK, Intel SRR3 , Bengaluru, India and The Edge in Amsterdam, Netherlands to like few of them. The Edge designed by London-based PLP Architects, substantially reduces its energy costs, uses space more efficiently (just 1,000 workspaces for 2,300 people) and creates management efficiencies from the constant flow and analysis of data. In fact, it uses 70% less energy than comparable office buildings. The increasing intelligent building projects as mentioned above for corporate offices has fueled the growth of Intelligent Building Automation Technologies Market.
Intelligent Building Automation Technologies Market Segment Analysis- By Geography
The Intelligent Building Automation Technologies Market by geography is segmented into North America, Europe, Asia-Pacific (APAC), South America and rest of the world (RoW). North America dominated the Intelligent Building Automation Technologies Market share, in 2021, with a share of around 35% and is also analyzed to have significant growth during the forecast period 2022-2027. North America Intelligent Building Automation Technologies Market is expected to grow at a CAGR of 9.5% over the forecast period. Factors like the rise in use of IoT-connected devices, governments sponsoring smart city projects in the countries of North America are the reason for the growth of intelligent building automation technologies. The strigent government regulations for energy efficient infrastructure in the in North America have also contributed to this market growth. The growing concern and awareness among the end users in the region for environmental safety and pollution control is analyzed to encourage intelligent building automation technologies growth over time. All these factors have combined effect on the growth of Intelligent Building Automation Technologies Market and shall also help to drive the market further.
Intelligent Building Automation Technologies Market Drivers
The increasing demand for automated and efficient smart cities fueled the growth of Intelligent Building Automation Technologies Market.
The rise in global warming and pollution creates the need to find solutions which are environment friendly. The advancements in the technology of Internet of Things (IoT), automation and sensor networks help to develop intelligent building automation technologies. Thus, a complete smart city can improve the quality of living while reducing costs and ensuring enviroment sustainability. These technologies also contribute in reducing emissions of greenhouse gases from the overused gadgets by controlling its usage of energy and reduce pollution. In 2017, China launched a National Key Research and Development Program entitled new generation intelligent building platform techniques (2017.07–2020.12) with Grant No. 2017YFC0704100. Such a category of programs is the top tier of scientific projects sponsored by the Chinese government, which reflects prior research direction national-wide. A typical financial amount for such a project is around 10 million US dollars and it will involve many partners diverse from universities, research institutes, industrial companies, etc. Thus, such government initiatives and technological developments assist in the growth of Intelligent Building Automation Technologies Market.
The rise in adoption of IoT-enabled technology has fueled the growth of intelligent building automation technologies.
Internet of Things has a significant impact due to growth in the need for efficient and smart building automation technologies, their operations and sustainability. IoT-enabled infrastructure increases its performance efficiency and uses sensor networks to enhance user experience. It serves various purposes like reducing energy use; repairing and maintaining building automation systems, and reducing administrative costs of buildings. Also, usage of data collected from various sensors, including indoor air quality and space utilization, at the building level to regulate air-conditioning and lighting systems in real-time to optimize the energy consumption. In 2018, according to Forbes’ internet of things statistics report, out of the 1600 enterprise IoT projects in progress, the highest were in the segments of Smart City (23%), Connected Industry (17%), and Connected Building (12%). Milton Keynes, a UK-based project, is a citywide scheme designed to not only boost economic growth but also aims to include residents of all ages in future plans. The IoT project utilizes data from city systems, including energy sources, satellites, and social datasets to tackle key city issues, and also runs a smart city education programme for schools and local universities to give students skills in digital technology and smart city creation. Hence, the rise in IoT-enabled devices has greatly contributed in developing the intelligent building automation technologies and shall also drive this market in future.
The rising energy and environment conservation concern and awareness among the people
End users, globally, are aware of the consequences of global warming and pollution, and also do they realize the exhausting fuel deposits. All of these pose a threat to the environment and nature. Large amounts of CO2 emissions cause significant damage leading to global warming .Buildings occupying offices typically consume up to 30% of total energy use of total buildings in that area .If they have laboratories, this rate increases to 60-70%. In a typical lab, centralized DCV can reduce HVAC costs by 40-60 % and with an average reduction of around 750 metric tons of carbon dioxide equivalent.According to reports by American Council for Energy-Efficient Economy (ACEEE), a single isolated system can save upto 5-15% of energy, whereas a smart building can save upto 30-50%.Thus, growth in intelligent building automation technologies is providing reduction in energy consumption and reduce the cost. In 2020, as per Intel report for Iot Smart buildings, for example in Taiwan, the government is actively promoting conservation programs to increase energy efficiency by 33% by 2025. In the U.S., the 30% of energy used in commercial buildings is wasted for which the US Environmental Protection Agency’s Building Technology Office (BTO) is aiming for a 20% reduction in energy use by commercial buildings by 2030. The growing concerns and awareness among the people has given a boost to energy saving technologies. The growth of this market in future is evident from the mentioned instances and data.
Intelligent Building Automation Technologies Market Challenges
The privacy and cybersecurity concerns still persists for smart IoT devices used for intelligent building automation technologies
Intelligent Building Automation Technologies Industry Outlook
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Intelligent Building Automation Technologies industry. The Intelligent Building Automation Technologies top 10 companies include:
- ABB Ltd.
- Azbil Corporation
- Eaton Corporation
- General Electriccomapny
- Siemens AG
- Schneider Electric
- Honeywell International Inc.
- Johnson Controls
- Larsen & Toubro Limited
- Rockwell Automation Inc.
Recent Developments:
- In January 2022, Johnson Controls announced the acquisition of FogHorn, the leading developer of Edge AI software for industrial and commercial IoT solutions for innovation in Johnson Controls OpenBlue technology. This integration shall accelerate the pace towards the company’s vision of creating smart buildings.
- In September 2021, Legrand announced the launch of Living Now design, which is installed to show its innovative potential with connected smart systems. It provides full-touch controls with various colors and materials This will allow Living Now to adapt to new technologies and open new scenarios with new products to create a breakthrough in the market.
- In July 2021, Honeywell and Nexii Building Solutions Inc. announced a strategic alliance to advance the development of buildings with a reduced environmental impact. It can save up to 30% in facility energy costs for users. This alliance combines Honeywell’s decades of building automation experience with Nexii's novel construction techniques in the Intelligent Building Automation Technologies Market. This combination of experience and innovation will help customers address environmental challenges and meet sustainability goals by reducing aspects of buildings' environmental impacts
- In December 2020, Hitachi Ltd. announced the development of an IoT including high efficiency of building management and improved comfort for building users. The IoT platform for buildings is a solution for developers that enables comprehensive remote monitoring. With this progress, Hitachi has continued to enhance its digital solutions in the market of intelligent building automation technologies.
- In March 2020, ABB acquired Irish company Cylon Controls, to expand its presence in the smart building segment of commercial building solutions. ABB’s IoT easy to use dashboard, giving electrical installers a simple route into smart building dashboard solutions.
Relevant Report Titles:
LIST OF TABLES
1.Global Intelligent Building Automation Technologies MarketBy System Market 2019-2024 ($M)1.1 Physical Security Systems Market 2019-2024 ($M) - Global Industry Research
1.1.1 Overview Market 2019-2024 ($M)
1.2 Life Safety Systems Market 2019-2024 ($M) - Global Industry Research
1.3 Facilities Management Systems Market 2019-2024 ($M) - Global Industry Research
2.Global Intelligent Building Automation Technologies MarketBy Service Market 2019-2024 ($M)
2.1 Physical Security Services Market 2019-2024 ($M) - Global Industry Research
2.1.1 Life Safety Services Market 2019-2024 ($M)
2.2 Facilities Management Services Market 2019-2024 ($M) - Global Industry Research
2.2.1 Market Share & Forecast Market 2019-2024 ($M)
3.Global Intelligent Building Automation Technologies MarketBy System Market 2019-2024 (Volume/Units)
3.1 Physical Security Systems Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Overview Market 2019-2024 (Volume/Units)
3.2 Life Safety Systems Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Facilities Management Systems Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Intelligent Building Automation Technologies MarketBy Service Market 2019-2024 (Volume/Units)
4.1 Physical Security Services Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Life Safety Services Market 2019-2024 (Volume/Units)
4.2 Facilities Management Services Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Market Share & Forecast Market 2019-2024 (Volume/Units)
5.North America Intelligent Building Automation Technologies MarketBy System Market 2019-2024 ($M)
5.1 Physical Security Systems Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Overview Market 2019-2024 ($M)
5.2 Life Safety Systems Market 2019-2024 ($M) - Regional Industry Research
5.3 Facilities Management Systems Market 2019-2024 ($M) - Regional Industry Research
6.North America Intelligent Building Automation Technologies MarketBy Service Market 2019-2024 ($M)
6.1 Physical Security Services Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Life Safety Services Market 2019-2024 ($M)
6.2 Facilities Management Services Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Market Share & Forecast Market 2019-2024 ($M)
7.South America Intelligent Building Automation Technologies MarketBy System Market 2019-2024 ($M)
7.1 Physical Security Systems Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Overview Market 2019-2024 ($M)
7.2 Life Safety Systems Market 2019-2024 ($M) - Regional Industry Research
7.3 Facilities Management Systems Market 2019-2024 ($M) - Regional Industry Research
8.South America Intelligent Building Automation Technologies MarketBy Service Market 2019-2024 ($M)
8.1 Physical Security Services Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Life Safety Services Market 2019-2024 ($M)
8.2 Facilities Management Services Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Market Share & Forecast Market 2019-2024 ($M)
9.Europe Intelligent Building Automation Technologies MarketBy System Market 2019-2024 ($M)
9.1 Physical Security Systems Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Overview Market 2019-2024 ($M)
9.2 Life Safety Systems Market 2019-2024 ($M) - Regional Industry Research
9.3 Facilities Management Systems Market 2019-2024 ($M) - Regional Industry Research
10.Europe Intelligent Building Automation Technologies MarketBy Service Market 2019-2024 ($M)
10.1 Physical Security Services Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Life Safety Services Market 2019-2024 ($M)
10.2 Facilities Management Services Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Market Share & Forecast Market 2019-2024 ($M)
11.APAC Intelligent Building Automation Technologies MarketBy System Market 2019-2024 ($M)
11.1 Physical Security Systems Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Overview Market 2019-2024 ($M)
11.2 Life Safety Systems Market 2019-2024 ($M) - Regional Industry Research
11.3 Facilities Management Systems Market 2019-2024 ($M) - Regional Industry Research
12.APAC Intelligent Building Automation Technologies MarketBy Service Market 2019-2024 ($M)
12.1 Physical Security Services Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Life Safety Services Market 2019-2024 ($M)
12.2 Facilities Management Services Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Market Share & Forecast Market 2019-2024 ($M)
13.MENA Intelligent Building Automation Technologies MarketBy System Market 2019-2024 ($M)
13.1 Physical Security Systems Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Overview Market 2019-2024 ($M)
13.2 Life Safety Systems Market 2019-2024 ($M) - Regional Industry Research
13.3 Facilities Management Systems Market 2019-2024 ($M) - Regional Industry Research
14.MENA Intelligent Building Automation Technologies MarketBy Service Market 2019-2024 ($M)
14.1 Physical Security Services Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Life Safety Services Market 2019-2024 ($M)
14.2 Facilities Management Services Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Market Share & Forecast Market 2019-2024 ($M)
LIST OF FIGURES
1.US Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)2.Canada Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
3.Mexico Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
4.Brazil Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
5.Argentina Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
6.Peru Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
7.Colombia Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
8.Chile Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
9.Rest of South America Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
10.UK Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
11.Germany Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
12.France Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
13.Italy Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
14.Spain Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
15.Rest of Europe Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
16.China Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
17.India Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
18.Japan Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
19.South Korea Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
20.South Africa Intelligent Building Automation Technologies Market Revenue, 2019-2024 ($M)
21.North America Intelligent Building Automation Technologies By Application
22.South America Intelligent Building Automation Technologies By Application
23.Europe Intelligent Building Automation Technologies By Application
24.APAC Intelligent Building Automation Technologies By Application
25.MENA Intelligent Building Automation Technologies By Application
26.ABB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Azbil Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Eaton Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.General Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Honeywell, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Ingersoll Rand, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Johnson Controls, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Rockwell Automation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Schneider Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Siemens Building Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)