United States Building Automation System Market Trends, Share, Size, Demand and Future Outlook
United States Building Automation System Market Growth, Size, Trends Analysis- By Component, By Application, By Communication Technology, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: SEMI2430 | Pages: 1 - 108 | Formats*: |
| Category : Semiconductor and Electronics | |||
United States Building Automation System Market Introduction and Overview
According to SPER Market Research, the United States Building Automation System Market is estimated to reach USD 38.65 billion by 2033 with a CAGR of 7.65%.
The report includes an in-depth analysis of the United States Building Automation System Market, including market size and trends, product mix, applications, and supplier analysis. A building automation system (BAS) is a network that connects and automates a variety of building functions, including HVAC, lighting, security, and fire prevention systems. It is made up of sensors, controllers, output devices, communication protocols, and a terminal or user interface. BAS is commonly used to regulate the building's environment and operating systems, as well as to monitor system performance, which allows the systems to provide audible alerts as needed. It helps to improve energy efficiency, security, and system performance, improve indoor air quality, increase occupant comfort and productivity, and save operating expenses. As a result, BAS finds widespread use in residential, commercial, and institutional settings.
- Siemens launched the Connect Box in March 2023, a smart Internet of Things (IoT) solution for controlling small to medium-sized buildings. This user-friendly tool is part of Siemens Smart Infrastructure, which improves building performance monitoring, and is the most recent addition to the Siemens Xcelerator product range. It can increase energy efficiency by up to 30% while greatly improving indoor air quality in schools, retail establishments, flats, and small offices.
- Accenture and Johnson Controls announced their collaboration to create and manage two cutting-edge OpenBlue Innovation Centres in June 2022. By utilising innovations like artificial intelligence (AI), digital twins, the Internet of Things (IoT), 5G, and cloud computing, these centres will help Johnson Controls expand its use of building control system solutions. The main objective is to accelerate the adoption of sophisticated automation in building operations, with the ultimate goal of fostering improved user experiences, safety, security, and sustainability.
Market Opportunities and Challenges
Opportunities: The increased emphasis on environmentally friendly and energy-efficient buildings is driving growth in the US market for building automation systems. Regulations pertaining to sustainable building, increased performance, and growing energy prices are important factors. Building automation systems, which are furnished with sensors, controls, and software, provide the effective administration of building operations such as lighting, HVAC, and air conditioning while maximising energy efficiency and reducing environmental impact. The proliferation of smart and connected devices, along with the growing integration of the Internet of Things (IoT) in building management, have expedited the adoption of building automation systems. For example, Siemens Smart Infrastructure unveiled Building X in June 2022. It is a state-of-the-art suite of smart building technologies that runs entirely on cloud-based software and was created with an emphasis on openness and interoperability.
Challenges: The high initial cost of installation and integration is one of the main barriers to the building automation system (BAS) market in the United States. Significant upfront expenditures are associated with building automation systems, including those related to installing hardware, integrating software, and buying cutting-edge technology. These expenses can be unaffordable for a lot of building owners and site managers, particularly those who oversee smaller or older structures. The necessity for specialised labour to install and maintain these systems adds to the budgetary burden. Even though there can be significant long-term savings and efficiency advantages, the initial capital cost is still a major obstacle to widespread adoption.
Market Competitive Landscape
The US building automation systems industry is extremely competitive and fragmented, with significant competitors fighting for market dominance. Key market players are Honeywell International Inc, Siemens AG, Beijer Electronics, Schneider Electric SE, Reliable Controls, Johnson Controls International plc, Lutron Electronics Co, Inc, Automated Logic Corporation, Snap One, LLC, Crestron Electronics, Inc.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By Application, By Communication Technology, By End-User |
| Regions covered | Northeast, South, Midwest, West |
| Companies Covered | Honeywell International Inc, Siemens AG, Beijer Electronics, Schneider Electric SE, Reliable Controls, Johnson Controls International plc, Lutron Electronics Co, Inc, Automated Logic Corporation, Snap One, LLC, Crestron Electronics, Inc. |
COVID-19 Impact on United States Building Automation System Market
The onset of the COVID-19 pandemic has hindered the expansion of automation systems in various industries. The market experienced supply chain interruptions throughout the epidemic period. Strict international trade restrictions, along with a lack of semiconductor chips, have had a further influence on market demand. Building automation is popular in the residential and commercial sectors because it allows for remote monitoring and optimised building operations. Prior to the pandemic, the usage of BAS systems was expected to expand due to rising energy prices, increased building activity, growing knowledge of the benefits of automation, and increased productivity. The use of BAS improves building energy efficiency and reduces operational costs for these industries, presenting valuable potential for manufacturing enterprises during the epidemic.
Key Target Audience:
- Commercial Building Owners and Managers
- Government Institutions
- Industrial Facility Managers
- Real Estate Developers
- Educational Institutions
- Healthcare Facilities
- Hospitality Industry
- Retail Chains and Malls
- Energy Management Companies
- Smart Home Technology Providers
Our in-depth analysis of the United States Building Automation System Market includes the following segments:
| By Component: | |
| By Application: | |
| By Communication Technology: | |
| By End-User: |
Key Topics Covered in the Report:
- United States Building Automation System Market Size (FY’2024-FY’2033)
- Overview of United States Building Automation System Market
- Segmentation of United States Building Automation System Market By Component (Hardware, Software)
- Segmentation of United States Building Automation System Market By Application (HVAC Control Systems, Lighting Control Systems, Electronic Security & Safety, Building Energy Management System)
- Segmentation of United States Building Automation System Market By Communication Technology (Wired, Wireless, Others)
- Segmentation of United States Building Automation System Market By End-User (Commercial, Industrial, Residential)
- Statistical Snap of United States Building Automation System Market
- Expansion Analysis of United States Building Automation System Market
- Problems and Obstacles in United States Building Automation System Market
- Competitive Landscape in the United States Building Automation System Market
- Impact of COVID-19 and Demonetization on United States Building Automation System Market
- Details on Current Investment in United States Building Automation System Market
- Competitive Analysis of United States Building Automation System Market
- Prominent Players in the United States Building Automation System Market
- SWOT Analysis of United States Building Automation System Market
- United States Building Automation System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States Building Automation System Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Building Automation System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Building Automation System Market
7. United States Building Automation System Market, By Component (USD Million) 2020-2033
7.1. United States Building Automation System Market Size, Share and Forecast, By Component, 2020-20267.2. United States Building Automation System Market Size, Share and Forecast, By Component, 2027-20337.3. Hardware7.4. Software
8. United States Building Automation System Market, By Application (USD Million) 2020-2033
8.1. United States Building Automation System Market Size, Share and Forecast, By Application, 2020-20268.2. United States Building Automation System Market Size, Share and Forecast, By Application, 2027-20338.3. HVAC Control Systems8.4. Lighting Control Systems8.5. Electronic Security & Safety8.6. Building Energy Management System
9. United States Building Automation System Market, By Communication Technology (USD Million) 2020-2033
9.1. United States Building Automation System Market Size, Share and Forecast, By Communication Technology, 2020-20269.2. United States Building Automation System Market Size, Share and Forecast, By Communication Technology, 2027-20339.3. Wired9.4. Wireless9.5. Others
10. United States Building Automation System Market, By End-User (USD Million) 2020-2033
10.1. United States Building Automation System Market Size, Share and Forecast, By End-User, 2020-202610.2. United States Building Automation System Market Size, Share and Forecast, By End-User, 2027-203310.3. Commercial10.4. Industrial10.5. Residential
11. United States Building Automation System Market Forecast, 2020-2033 (USD Million)
11.1. United States Building Automation System Market Size and Market Share
12. United States Building Automation System Market, By Region, 2020-2033 (USD Million)
12.1. United States Building Automation System Market Size and Market Share By Region (2020-2026)12.2. United States Building Automation System Market Size and Market Share By Region (2027-2033)12.3. Northeast12.4. South12.5. Midwest12.6. West
13. Company Profile
13.1. Honeywell International Inc13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Siemens AG13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Beijer Electronics
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Schneider Electric SE13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Reliable Controls13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Johnson Controls International plc13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Lutron Electronics Co., Inc13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Automated Logic Corporation13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Snap One, LLC13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Crestron Electronics, Inc13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Building Automation System Market is projected to reach USD 38.65 billion by 2033, growing at a CAGR of 7.65% during the forecast period.
United States Building Automation System Market grew in Market size from 2024. The Market is expected to reach USD 38.65 billion by 2033, at a CAGR of 7.65% during the forecast period.
United States Building Automation System Market CAGR of 7.65% during the forecast period.
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United States Building Automation System Market size is USD 38.65 billion from 2024 to 2033.
United States Building Automation System Market is covered By Component, By Application, By Communication Technology and By End-User
The North America is anticipated to have the highest Market share in the United States Building Automation System Market.
The Key players in the Market include Companies Covered Honeywell International Inc, Siemens AG, Beijer Electronics, Schneider Electric SE, Reliable Controls, Johnson Controls International plc, Lutron Electronics Co, Inc, Automated Logic Corporation, Snap One, LLC, Crestron Electronics, Inc.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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