North America Building Automation Market (2024-2030) | Companies, Analysis, Industry, Forecast, Growth, Share, Value, Trends, Outlook, Size & Revenue

North America Building Automation Market Highlights

Report Name	North America Building Automation Market
Forecast period	2024-2030
CAGR	8.2%
Growing Sector	Construction

Topics Covered in the North America Building Automation Market Report

The North America Building Automation Market report thoroughly covers the market by Products, Control Technologies, Applications, and Countries. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would assist stakeholders in devising and aligning their market strategies according to the current and future market dynamics.

North America Building Automation Market Synopsis

The North America Building Automation Market is predicted to witness substantial growth in the forecast period. The growing construction industry is driving the demand for building automation system market owing to the adoption of advanced security systems

According to 6Wresearch, the North America Building Automation Market is projected to grow at a CAGR of 8.2% during the forecast period. The growth of the North America Building Automation Market can be attributed to several factors, including the increasing demand for energy-efficient and sustainable buildings, growing construction industry and rising adoption of smart building technologies. The growing construction industry is driving the demand for building automation system market owing to the adoption of advanced security systems, the need for energy and cost efficiency and the increasing installation of IoT. Additionally, the advancements in control technologies such as wireless systems and the integration of Internet of Things (IoT) in building automation are also expected to drive market growth.

Despite the positive growth prospects, the North America Building Automation Market faces a few challenges that could hinder its growth in the forecast period. One of the major challenges is the high initial cost associated with implementing building automation systems, which may deter small and medium-sized enterprises from adopting them. The lack of skilled professionals and technical expertise to manage these systems is also a significant challenge for market players.

North America Building Automation Market Key Players

Key players in the market include Johnson Controls Inc., Honeywell International Inc., Siemens AG, Schneider Electric SE, and others. These companies are focusing on strategies like collaborations, mergers & acquisitions, and technological advancements to strengthen their footprints in the market. Currently, Johnson Controls Inc. holds the dominant share in the market.

North America Building Automation Market Governmental Regulations

The North America Building Automation Market is significantly impacted by government regulations and policies. Various initiatives, such as the Energy Policy Act of 2005 in the US and Canada's National Energy Code for Buildings, promote energy-efficient buildings and encourage the adoption of building automation systems. Additionally, the implementation of green building codes and standards in both countries is also expected to drive market growth.

Future Insights of the Market

The North America Building Automation Market is projected to witness continued growth in the forecast period, driven by factors like increasing investments in smart city projects, growing construction industry, rising demand for sustainable buildings, and advancements in control technologies. The market is also expected to benefit from the growing trend of smart homes and buildings, as well as the increasing focus on energy conservation and efficiency. Additionally,the rising adoption of Internet of Things will also drive the growth of the market.

Market Segmentation by Products

According to Dhaval, Research Manager, 6Wresearch, Security & Access Control Systems hold a significant market share due to their crucial role in ensuring the safety of occupants in a building.

Market Segmentation by Control Technologies

Among the control technologies, wired control systems are predicted to have a dominant share in the market due to their reliability and widespread use.

Market Segmentation by Applications

The Commercial Building sector is expected to hold the dominant share given its extensive use of building automation for energy management and security.

Market Segmentation by Country

The United States holds the largest share in this market due to its robust construction sector and significant investments in smart building technology.

Key Attractiveness of the Report

• 10 Years Market Numbers
• Historical Data Starting from 2020 to 2023
• Base Year 2023
• Forecast Data until 2030
• Key Performance Indicators Impacting the Market
• Major Upcoming Projects and Developments

Key Highlights of the Report

• North America Building Automation Market Overview
• North America Building Automation Market Outlook
• North America Building Automation Market Forecast
• Historical Data of North America Building Automation Market Revenues for the Period 2020-2030
• North America Building Automation Market Size and North America Building Automation Market Forecast of Revenues, Until 2030
• Historical Data of North America Building Automation Market Revenues, by Product, for the Period 2020-2030
• Market Size & Forecast of North America Building Automation Market Revenues, by Product, until 2030
• Historical Data of North America Building Automation Market Revenues, by Control Technology, for the Period 2020-2030
• Market Size & Forecast of North America Building Automation Market Revenues, by Control Technology, until 2030
• Historical Data of North America Building Automation Market Revenues, By Applications, for the Period 2020-2030
• Market Size & Forecast of North America Building Automation Market Revenues, By Applications, until 2030
• Historical Data of US Building Automation Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of US Building Automation Market Revenues, until 2030.
• Historical Data of Canada Building Automation Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of Canada Building Automation Market Revenues, until 2030.
• Historical Data of Rest of North America Building Automation Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of Rest of North America Building Automation Market Revenues, until 2030.
• Market Drivers and Restraints
• North America Building Automation Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Building Automation Market Share, By Players
• North America Building Automation Market Share, By Regions
• North America Building Automation Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Segmentation

The market research offers a comprehensive analysis of the following market segments

By Products

• Security & Access Control System
• Fire Protection System
• Light Control System
• HVAC Control System
• Building Energy Management Services

By Control Technologies

• Wired
• Wireless

By Applications

• Residential Building
• Industrial Building
• Commercial Building

By Countries

• United States
• Canada
• Rest Of North America