Thailand Building Automation Market (2024-2030) | Share, Revenue, Analysis, Companies, COVID-19 IMPACT, Growth, Size, Outlook, Trends, Forecast, Value & Industry

Thailand Building Automation Market Highlights

Report Name	Thailand Building Automation Market
Forecast period	2024-2030
CAGR	8.5%
Growing Sector	Commercial

Topics Covered in the Thailand Building Automation Market Report

The Thailand Building Automation Market report thoroughly covers the market by Products, Applications, and Control Technology. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Thailand Building Automation Market Synopsis

The Thailand Building Automation Market has experienced growth in recent years and will continue to grow in the coming years due to several factors such as the need for energy-efficient solutions, demand for smart homes, government initiatives, and use of advanced technologies such as AI and IoT. However, the market is also subjected to challenges that have a negative impact on the growth.

According to 6Wresearch, the Thailand Building Automation Market size is expected to grow at a significant CAGR of 8.5% during 2024-2030. One of the major drivers for the market is the need for energy-efficient solutions as building automation systems help reduce energy usage by optimizing lighting, heating, cooling, and ventilation systems. The rising demand for smart homes in Thailand, with the increasing adoption of IoT (Internet of Things) devices is another driver for the market. Building automation systems play a vital role in creating a smart home environment by connecting different devices and enabling seamless control and monitoring of various functions. Moreover, the Thailand government has launched various initiatives to promote the use of energy-efficient solutions, including building automation systems. This has created a favourable environment for the growth of the building automation market in the country.

The installation and implementation of building automation systems are costly, which is a barrier for some building owners. The lack of awareness and education about the benefits and capabilities of building automation systems hinders their adoption. Some building owners may be resistant to implementing new technologies and prefer traditional manual methods, slowing down the adoption of building automation systems.

Thailand Building Automation Industry: Leading Players

Siemens AG is a German multinational conglomerate company that offers a wide range of products and services related to building automation. Schneider Electric SE is a French multinational company that specializes in energy management and automation solutions for buildings, homes, data centres, infrastructure and industries. Honeywell International Inc. is an American multinational conglomerate company that offers products and services related to building automation, including heating, ventilation and air conditioning systems. Johnson Controls International plc is a multinational conglomerate company that offers products and services related to building automation such as HVAC systems, fire safety solutions, and security systems. Other key players include Mitsubishi Electric Corporation, LG Electronics Inc., and Delta Electronics (Thailand) Public Company Limited.

Thailand Building Automation Market: Government Regulations

The Energy Efficiency Development Plan (EEDP) is an initiative taken by the government to reduce energy consumption by 30% by 2036. This plan promotes the use of building automation systems as a key strategy for achieving this goal. Additionally, the government has also implemented the Building Energy Code (BEC). This code requires all new buildings and major renovations to comply with energy efficiency standards. Furthermore, the Thailand Green Building Institute (TGBI) was established to promote sustainable development in the building sector. The TGBI offers certification for green buildings that meet environmental standards and utilize building automation systems to reduce energy consumption.

Future Insights of the Market

The Thailand Building Automation market is expected to witness significant growth in the coming years. This growth is driven by increasing investments in smart cities, rising demand for energy-efficient solutions, and favourable government initiatives. The integration of advanced technologies such as artificial intelligence, the Internet of Things (IoT), and cloud computing is expected to further drive the market growth. The trend towards sustainable building practices and increasing awareness about the benefits of building automation systems among consumers will also contribute to market growth.

Market Segmentation by Products

According to Ravi Bhandari, Research Head, 6Wresearch, the building energy management services segment is expected to witness significant growth in the Thailand building automation market due to the increasing focus on energy efficiency and sustainability measures in buildings.

Market Segmentation by Control Technology

In terms of control technology, wireless systems are growing in the Thailand building automation market due to their ease of installation, flexibility, and scalability.

Market Segmentation by Applications

The commercial building segment is expected to dominate the Thailand building automation market due to the rising demand for smart buildings with advanced security and energy management systems.

Key Attractiveness of the Report

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

Key Highlights of the Report:

• Thailand Building Automation Market Overview
• Thailand Building Automation Market Outlook
• Thailand Building Automation Market Forecast
• Historical Data of Thailand Building Automation Market Revenues & Volume for the Period 2020-2030
• Thailand Building Automation Market Size and Thailand Building Automation Market Forecast of Revenues & Volume, Until 2030
• Historical Data of Thailand Building Automation Market Revenues & Volume, By-Products, for the Period 2020-2030
• Market Size & Forecast of Thailand Building Automation Market Revenues & Volume, By-Products, Until 2030
• Historical Data of Thailand Building Automation Market Revenues & Volume, By Control Technology, for the Period 2020-2030
• Market Size & Forecast of Thailand Building Automation Market Revenues & Volume, By Control Technology, Until 2030
• Historical Data of Thailand Building Automation Market Revenues & Volume, By Applications, for the Period 2020-2030
• Market Size & Forecast of Thailand Building Automation Market Revenues & Volume, By Applications, Until 2030
• Market Drivers and Restraints
• Thailand Building Automation Market Price Trends
• Thailand Building Automation Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Thailand Building Automation Market Share, By Players
• Thailand Building Automation Market Share, By Regions
• Thailand Building Automation Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Thailand Building Automation Market report provides a detailed analysis of the following market segments:

By-Products:

• Security and Access Control System
• Fire Protection System
• Lighting Control System
• HVAC Control System
• Building Energy Management Services

By Control Technology:

• Wired
• Wireless

By Applications:

• Residential Building
• Commercial Building
• Industrial Building