Intelligent Building Automation Technologies Market Size Worth $ 232.32 billion By 2032 | CAGR: 11.2%

The global intelligent building automation technologies market size is expected to reach USD 232.32 billion by 2032, according to a new study by Polaris Market Research. The report “Intelligent Building Automation Technologies Market Share, Size, Trends, Industry Analysis Report, By Product; By Technology; By Component (Services, Hardware, Software); By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rapid advancements in intelligent building automation technologies are being made in response to consumer expectations for contemporary, energy-efficient, convenient, safe, adaptable, and well-designed buildings that integrate cutting-edge technologies. Building management and services, rich in building automation systems such as air conditioning, fire suppression, power transformation and distribution, water supply and drainage, lighting, and security monitoring systems. These are an essential part of intelligent buildings. The building automation system in intelligent buildings prioritizes the humanized user interface, making the building inhabitants' living and working environments comfortable and enjoyable.

In order to fulfill the growing demand for "green" buildings, increasing population need more dynamic space management in all structures to accommodate a more flexible workforce preserving resources like energy and water. For instance, in January, 2023, Delta’s headquarter at America became second ever facility in Silicon Valley to attain LEED zero energy certification.

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In recent years, the trend of real-time monitoring keeps track of building systems status and energy use and provides continuous data and up-to-date reports; occupancy-based controls, improved occupant comfort and energy savings; cybersecurity and digital twins to meaningfully make a decision using real-time data by running simulations.

Intelligent Building Automation Technologies Market Report Highlights

• The Facilitate Management Systems segment accounted for the maximum share due to the availability of tracking systems for energy use by both residential and commercial industries.
• Wireless technology is anticipated to expand at the fastest CAGR due to its rising demand for wireless protocols, which simplify and lower the cost of installations for linked devices.
• The hardware segment has dominated this market during the forecast period on account of its employability in various devices such as controllers, actuators, and sensors.
• The residential segment is expected to witness the highest CAGR due to the growing demand for building automation technologies to conserve the environment and minimize costs.
• North America led the industry and accounted for a majority of market revenue share owing to research and development, which led to innovative, high-tech, automated building solutions.
• The global key market players include ABB Ltd., Azbil Corporation, Carrier Global Corporation, Delta Controls, Eaton Corporation, Emerson Electric Co., General Electric, Honeywell International, and many more.

Polaris Market Research has segmented the intelligent building automation technologies market report based on product, technology, component, end-user, and region:

Intelligent Building Automation Technologies, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Security Systems
• Life Safety Systems
• Facility Management Systems
• Building Energy Management Systems
• Others

Intelligent Building Automation Technologies, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• Sensor technology
• Actuators
• Connectivity technology
• Wireless
• Computing technology
• Other technologies

Intelligent Building Automation Technologies, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Services
• Hardware
• Software
• Round

Intelligent Building Automation Technologies, End User Outlook (Revenue - USD Billion, 2019 - 2032)

• Commercial
• Residential
• Industrial

Intelligent Building Automation Technologies, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Malaysia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Intelligent Building Automation Technologies Market Report Scope