Intelligent Building Automation Technologies Global Market Report 2024

Intelligent Building Automation Technologies (IBAT) encompass a network of software and hardware designed to control and monitor the environment within a building facility. This system aims to create an efficient, comfortable, and convenient atmosphere by addressing fundamental requirements like structure, systems, services, and management, while optimizing their interconnections. The utilization of intelligent building automation technologies results in a faster, easier, and more user-friendly interface.

The primary categories of intelligent building automation technologies include hardware, software, and services. Hardware refers to tangible objects integral to a computer system, and communication technologies within IBAT comprise both wired and wireless options. These technologies find applications in residential, commercial, and industrial settings.

The intelligent building automation technologies market research report is one of a series of new reports that provides intelligent building automation technologies market statistics, including intelligent building automation technologies industry global market size, regional shares, competitors with intelligent building automation technologies market share, detailed intelligent building automation technologies market segments, market trends and opportunities, and any further data you may need to thrive in the intelligent building automation technologies industry. This intelligent building automation technologies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The intelligent building automation technologies market size has grown strongly in recent years. It will grow from $88.05 billion in 2023 to $94.55 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion observed in the historical period can be attributed to early adoption and increased awareness, adherence to regulatory compliance, cost reduction, efficiency gains, and a focus on resilience and adaptability, as well as the pursuit of energy efficiency goals.

The intelligent building automation technologies market size is expected to see strong growth in the next few years. It will grow to $133.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period can be attributed to a maturing technology ecosystem, emphasis on customization and flexibility, heightened concerns about data security and privacy, the integration of human-centric design principles, and the development of decentralized energy systems. Notable trends during this forecast period encompass digital transformation, the impact of globalization and supply chain complexity, the transition towards smart manufacturing, and an increased focus on customer-centric design.

The anticipated increase in energy-efficient projects is set to drive the growth of the intelligent building automation technologies market in the future. Energy-efficient projects focus on optimizing resource usage while ensuring comfortable living conditions with minimal energy consumption. Intelligent building automation solutions contribute significantly to energy efficiency, reducing energy consumption by 10% to 25% in buildings. For instance, Energy Star reported that in 2021, over 6,100 commercial buildings earned the Energy Star, leading to savings of nearly $1.5 billion and preventing over 4.6 million metric tons of greenhouse gas emissions. This underscores how the rise in energy-efficient projects is a catalyst for the growth of the intelligent building automation technologies market.

The increasing demand within the residential sector is poised to be a key driver for the growth of the intelligent building automation technologies market. The residential sector involves properties designed for living, and intelligent building automation technologies enhance living environments by providing efficiency, comfort, and security. For example, in October 2023, the United States Census Bureau reported a seasonally adjusted yearly rate of 1,524,000 privately owned housing units approved by building permits in February, marking a 13.8% increase from the corrected January rate of 1,339,000. This growing demand in the residential sector is a significant factor propelling the intelligent building automation technologies market forward.

A prominent trend in the intelligent building automation technology market is the focus on product innovation. Major companies in this market are dedicated to developing advanced technologies to maintain their market position. For instance, in November 2023, PassiveLogic Inc., a US-based company specializing in intelligent building automation technologies, launched a generative autonomy platform. This platform transforms building control systems into fully intelligent, autonomous ones, applicable to new construction or retrofitting projects. The generative autonomy platform is versatile enough for use by both novices and specialists, offering a comprehensive autonomous building solution with minimal effort, empowering users to design their own autonomous systems.

Innovative product development, such as the introduction of the connect box, is a strategy major companies employ to drive revenues in the intelligent building automation technology market. The connect box is an IoT building management solution operating on the cloud, facilitating easy device connectivity and interaction with existing cloud apps, building automation systems, and building management systems (BMS). For instance, in March 2023, Siemens Smart Infrastructure, a Switzerland-based company specializing in intelligent building technology, launched the connect box. This solution allows users to handle daily building management tasks from a single location through a cloud-based interface, eliminating the need for additional software or gateways. The connect box offers plug-and-play installation, making it quick and simple for system integrators, technicians, or facility managers to set up, configure, and run the system.

In January 2022, Johnson Controls, a US-based HVAC company, acquired Foghorn for an undisclosed amount. This acquisition aims to enhance Johnson Controls' leadership in smart and autonomous buildings by integrating Foghorn's industry-leading Edge AI platform. Foghorn, a US-based developer of edge AI software for industrial, commercial, and smart buildings, operates within the intelligent building automation technologies market.

Major companies operating in the in the intelligent building automation technologies market report are 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

North America was the largest region in the intelligent building automation technologies market in 2023. >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

The countries covered in the intelligent building automation technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The intelligent building automation technologies market consists of revenues earned by entities by providing life safety systems and security systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.