Intelligent building automation technologies market is anticipated to grow at a significant CAGR of 10.4% during the forecast period (2024-2031). The market growth is attributed to the growing demand for building automation systems (BAS) that balance maximum efficiency with productivity and occupant comfort by combining energy, lighting, safety, and security into a single, user-friendly system. The increasing application of building automation technologies provides access, control, and monitor all connected building systems from a single interface. Building automation systems are installed in buildings and are in charge of lighting, shading, life safety, alarm security systems, heating, cooling, ventilation, air conditioning, and many more building services.
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The increasing adoption of cloud-based solutions in building automation systems can be accessed remotely via cloud computing, which facilitates facility managers’ ability to oversee and manage building operations from any location. In addition, cloud-based systems have the advantage of scalability, making it possible to handle numerous sites or buildings effectively. With the help of cloud-based technologies, connected buildings can now have that solution. Data from building systems and equipment can be assembled to present unified, normalized information that can be tailored to the demands of the user. Information that originates from outside a facility, like utility bills, and information that impacts a facility’s operations, such as weather forecasts or energy pricing, can be combined and evaluated with data from BAS sensors, smart equipment, chiller plants, and meters.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Intelligent Building Automation Technologies Market Report Segment
By Component
- Hardware
- Software
- Service
By Product
- Security Systems
- Life Safety Systems
- Facility Management Systems
- Building Energy Management Systems
By Application
- Residential
- Commercial
- Industrial
Global Intelligent Building Automation Technologies Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global intelligent building automation technologies market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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