Market Forecast 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 Buildings, Commercial Buildings, Industrial Buildings) and Competitive Landscape
Product Code: ETC001967 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Thailand Building Automation Market |
Forecast period | 2025-2031 |
CAGR | 8.5% |
Growing Sector | Commercial |
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.
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 2025-2031. 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.
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.
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.
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.
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.
In terms of control technology, wireless systems are growing in the Thailand building automation market due to their ease of installation, flexibility, and scalability.
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.
The Thailand Building Automation Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Thailand Building Automation Market Overview |
3.1 Country Indicators |
3.2 Thailand Building Automation Market Revenues, 2021-2031F |
3.3 Thailand Building Automation Market Revenue Share, By-Products, 2021 & 2031F |
3.4 Thailand Building Automation Market Revenue Share, By Control Technology, 2021 & 2031F |
3.5 Thailand Building Automation Market Revenue Share, By Applications, 2021 & 2031F |
3.6 Thailand Building Automation Market Revenue Share, By Regions, 2021 & 2031F |
3.7 Thailand Building Automation Market Industry Life Cycle |
3.8 Thailand Building Automation Market- Porter’s Five Forces |
4. Thailand Building Automation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Thailand Building Automation Market Trends |
6. Thailand Building Automation Market Overview, By-Products |
6.1 Thailand Security & Access Control System Building Automation Market Revenues, 2021-2031F |
6.2 Thailand Light Control System Building Automation Market Revenues, 2021-2031F |
6.3 Thailand HVAC Control System Building Automation Market Revenues, 2021-2031F |
6.4 Thailand Building Energy Management Services Building Automation Market Revenues, 2021-2031F |
6.5 Thailand Fire Protection System Building Automation Market Revenues, 2021-2031F |
7. Thailand Building Automation Market Overview, By Control Technology |
7.1 Thailand Wired Building Automation Market Revenues, 2021-2031F |
7.2 Thailand Wireless Building Automation Market Revenues, 2021-2031F |
8. Thailand Building Automation Market Overview, By Applications |
8.1 Thailand Residential Building Automation Market Revenues, 2021-2031F |
8.2 Thailand Industrial Building Automation Market Revenues, 2021-2031F |
8.3 Thailand Commercial Building Automation Market Revenues, 2021-2031F |
9. Thailand Building Automation Market Overview, By Regions |
10. Thailand Building Automation Market Key Performance Indicators |
11. Thailand Building Automation Market Opportunity Assessment |
11.1 Thailand Building Automation Market Opportunity Assessment Share, By Product, 2031F |
11.2 Thailand Building Automation Market Opportunity Assessment Share, By Control Technology, 2031F |
11.3 Thailand Building Automation Market Opportunity Assessment Share, By Applications, 2031F |
12. Thailand Building Automation Market Competitive Landscape |
12.1 Thailand Building Automation Market Revenue Share, By Companies, 2024 |
12.2 Thailand Building Automation Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Strategic Recommendations |
15. Disclaimer |