What Has Been the Growth of the Intelligent Building Automation Technologies Market So Far?
The intelligent building automation technologies market has seen considerable growth due to a variety of factors.
• The market size for intelligent building automation technologies has seen considerable growth in the recent past. The market which was valued at $92.38 billion in 2024 is expected to increase to $98.11 billion in 2025 with a compound annual growth rate (CAGR) of 6.2%.
Various factors like early adoption and awareness, regulatory compliance, cost efficiency, resilience, adaptability, and energy efficiency objectives have contributed to this growth in the past years.
What Are the Future Growth Projections for the Intelligent Building Automation Technologies Market?
The intelligent building automation technologies market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for intelligent building automation technologies is predicted to expand significantly in the coming years, reaching a value of $150.14 billion in 2029 with an 11.2% Compound Annual Growth Rate (CAGR).
This imminent growth during the forecast period is a result of factors such as a more mature technology ecosystem, customization and flexibility, data security and privacy considerations, human-focused designs, and decentralized energy systems. The forecast period is also expected to be shaped by dominant trends such as digital transformation, increasing globalization and complex supply chains, a movement towards smart manufacturing, and an emphasis on customer-oriented designs.
Which Factors Are Boosting Growth In The Intelligent Building Automation Technologies Market?
The rise in energy-efficient projects is predicted to drive the expansion of the intelligent building automation technologies market. These projects focus on achieving the most resource efficiency while maintaining comfortable living conditions inside homes with the bare minimum of energy usage. Intelligent building automation technologies play a significant role in reducing energy usage by 10% to 25% in these projects, making the buildings highly energy efficient. To illustrate, data released by IEA in May 2024 pointed out that the progress rate in energy intensity, a critical indicator of the energy efficiency of the global economy, for 2023 is expected to reduce to 1.3% compared to a higher 2% the previous year. This decrease in the improvement of energy intensity is primarily due to an increase in energy demand by 1.7% in 2023 compared to 1.3% in the preceding year. Hence, the intelligent building automation technologies market is driven by the growing energy-efficient projects.
What Key Areas Define The Segmentation Of The Global Intelligent Building Automation Technologies Market?
The intelligent building automation technologies market covered in this report is segmented –
1) By Type: Hardware, Software, Service
2) By Communication Technology: Wired Technology, Wireless Technology
3) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Hardware: Sensors And Actuators, Controllers, Networking Equipment, Security Systems
2) By Software: Building Management Systems (BMS), Energy Management Software, Integrated Workplace Management Systems (IWMS), Analytics And Monitoring Software
3) By Service: Installation And Integration Services, Maintenance And Support Services, Consulting Services
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How Are Emerging Trends Reshaping The Dynamics Of The Intelligent Building Automation Technologies Market?
In the intelligent building automation technology market, product innovation is becoming an increasingly popular trend. Major companies in the market are investing in the development of cutting-edge technologies to maintain their market standing. For example, PassiveLogic Inc., a US company specializing in intelligent building automation technologies, introduced a generative autonomy platform in November 2023. This platform upgrades building control systems from basic programmable controls to completely smart, autonomous ones. The platform, scalable from small cafes to large skyscrapers, can be used for either new construction or refurbishment. Generative autonomy leads to autonomous systems adaptable enough for use in diverse fields by both beginners and experts. The platform aims to let users create their own autonomous systems, providing a comprehensive autonomous building platform that exceeds expectations with less effort.
Who Are the Key Players in the Intelligent Building Automation Technologies Market?
Major companies operating in the intelligent building automation technologies market include:
• Asea Brown Boveri Ltd.
• Azbil Corporation
• Eaton Corporation plc
• General Electric Company
• Ingersoll Rand Inc.
• Siemens Building Technologies Inc.
• Schneider Electric SE
• Honeywell International Inc.
• Hubbell Incorporated
• Rockwell Automation Inc.
• United Technologies Corporation
• Samsung Electronics Co. Ltd.
• Delta Controls Inc.
• Panasonic Corporation
• Robert Bosch GmbH
• Cisco Systems Inc.
• Trane Technologies plc
• Lutron Electronics Co. Inc.
• Johnson Controls International plc
• Beijer Electronics AB
• Emerson Electric Co.
• Mitsubishi Electric Corporation
• Hitachi Ltd.
• Huawei Technologies Co. Ltd.
• Creston Electronics LLC
• Legrand SA
• Bajaj Electricals Limited
• Building LogiX Inc.
• Distech Controls Inc.
• Dialight plc
What Is The Most Dominant Region In The Intelligent Building Automation Technologies Market?
North America was the largest region in the intelligent building automation technologies market in 2024.>Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intelligent building automation technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
