Europe Building Automation System Market Forecast to 2031 - Regional Analysis - by Component and End User (Commercial, Industrial, and Residential)

Description

List of Tables

The Europe building automation system market was valued at US$ 20,984.92 million in 2023 and is expected to reach US$ 47,101.39 million by 2031; it is estimated to register a CAGR of 10.6% from 2023 to 2031.

Integration of Wireless Sensor Network Technology and Wireless Protocols with Building Automation Systems Fuels Europe Building Automation System Market

Traditional building automation systems relied heavily on wired infrastructure, which limits flexibility in sensor placement and system expansion. To overcome this limitation, sensors equipped with wireless sensor network (WSN) technology can be deployed wirelessly, allowing for easy reconfiguration and scalability. Wireless sensor networks eliminate the need for large cabling, reducing installation costs and labor. WSN technology enables control of building systems and real-time monitoring, optimizing energy usage based on occupancy and environmental conditions. According to the International Energy Agency reports, in 2022, the building sector represents approximately a third of total energy system emissions, including buildings operations (26%) and embodied emissions (7%) associated with the production of materials used for their construction.

Many wireless protocols and standards, including Z-Wave, 6LoWPAN, ZigBee, and EnOcean, are being implemented that are focused on using wireless technologies and offer innovation within the building automation system ecosystem. Further, the Z-Wave protocol is a simple, wireless, interoperable, RF-based communication-based technology designed particularly for monitoring and controlling and status reading applications in light commercial and residential environments. The protocol allows companies to offer a wide range of home automation options to customers. Therefore, the integration of wireless sensor network technology and wireless protocols with building automation systems drives the building automation market.

Europe Building Automation System Market Overview

A regulatory mandate requires the installation of Building Automation Control Systems (BACS) in tertiary buildings by January 2025 to enhance energy efficiency and decrease CO2 emissions. In 2020, all European Union (EU) member states were obligated to incorporate this mandate into national legislation, as per the EU Energy Performance of Buildings Directive (EPBD). The legislation mandates the installation or retrofit of automation control systems, including building management systems, in existing and under-construction nonresidential buildings with an operational rated output of over 290 kW. This requirement is based on legislation transposed from Directive 2010/31/EU of the European Parliament and Council, with guidance from the EPBD. The BACS decree represents a crucial regulatory measure aimed at enhancing energy efficiency, reducing CO2 emissions, and promoting sustainable practices in the nonresidential building sector, aligning with broader environmental and energy efficiency goals at both the national and EU levels. This regulatory measure boosts the building automation system market in Europe.

Europe Building Automation System Market Revenue and Forecast to 2031 (US$ Million)

Europe Building Automation System Market Segmentation

The Europe building automation system market is categorized into component, end user, and country.

Based on component, the Europe building automation system market is bifurcated into hardware and software & services. The hardware segment held a larger market share in 2023. Furthermore, the hardware segment is sub segmented into security & surveillance system, facility management systems, fire protection systems, and others.

In terms of end user, the Europe building automation system market is segmented into commercial, industrial, and residential. The commercial segment held the largest market share in 2023.

By country, the Europe building automation system market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe building automation system market share in 2023.

ABB Ltd; Mitsubishi Electric Corp; Bosch Sicherheitssysteme GmbH; Honeywell international Inc; Schneider Electric SE; Siemens AG; Johnson Controls International Plc; Carrier Global Corp; Lutron Electronics Co., Inc; and Trane Technologies Plc, are some of the leading companies operating in the Europe building automation system market.

Product Code: BMIRE00031114

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

1.1 Secondary Research
1.2 Primary Research
- 3.1.1 Hypothesis formulation:
- 3.1.2 Macro-economic factor analysis:
- 3.1.3 Developing base number:
- 3.1.4 Data Triangulation:
- 3.1.5 Country level data:

4. Europe Building Automation System Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain

5. Europe Building Automation System Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rise in Need for Enhanced Comfort, Safety, and Security Among Building Occupants
- 5.1.2 Integration of Wireless Sensor Network Technology and Wireless Protocols with Building Automation Systems
5.2 Market Restraints
- 5.2.1 Lack of Skilled Professionals
- 5.2.2 High Installation and Implementation Cost
5.3 Market Opportunities
- 5.3.1 Growing Need for Sustainable Building Automation Solutions
- 5.3.2 Rising Initiatives in Smart City Projects
5.4 Future Trends
- 5.4.1 Consumer IoT, IP-based Devices, SaaS, and Other Technological Developments
5.5 Impact of Drivers and Restraints:

6. Building Automation System Market - Europe Analysis

6.1 Building Automation System Market Revenue (US$ Million), 2021-2031
6.2 Building Automation System Market Forecast Analysis

7. Europe Building Automation System Market Analysis - by Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Software & Services
- 7.2.1 Overview
- 7.2.2 Software & Services: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)

8. Europe Building Automation System Market Analysis - by End Users

8.1 Commercial
- 8.1.1 Overview
- 8.1.2 Commercial: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Industrial
- 8.2.1 Overview
- 8.2.2 Industrial: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Residential
- 8.3.1 Overview
- 8.3.2 Residential: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)

9. Europe Building Automation System Market - Country Analysis

9.1 Europe Building Automation System Market Overview
- 9.1.1 Europe: Building Automation System Market Breakdown, 2023 and 2031 (%) - by Country
  - 9.1.1.1 Europe: Building Automation System Market - Revenue and Forecast Analysis - by Country
  - 9.1.1.2 France: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.2.1 France: Building Automation System Market - Revenue and Forecast Analysis, by Component
    - 9.1.1.2.2 France: Building Automation System Market - Revenue and Forecast Analysis, by Hardware
    - 9.1.1.2.3 France: Building Automation System Market - Revenue and Forecast Analysis, by End Users
  - 9.1.1.3 Germany: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Germany: Building Automation System Market - Revenue and Forecast Analysis, by Component
    - 9.1.1.3.2 Germany: Building Automation System Market - Revenue and Forecast Analysis, by Hardware
    - 9.1.1.3.3 Germany: Building Automation System Market - Revenue and Forecast Analysis, by End Users
  - 9.1.1.4 United Kingdom: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 United Kingdom: Building Automation System Market - Revenue and Forecast Analysis, by Component
    - 9.1.1.4.2 United Kingdom: Building Automation System Market - Revenue and Forecast Analysis, by Hardware
    - 9.1.1.4.3 United Kingdom: Building Automation System Market - Revenue and Forecast Analysis, by End Users
  - 9.1.1.5 Italy: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 Italy: Building Automation System Market - Revenue and Forecast Analysis, by Component
    - 9.1.1.5.2 Italy: Building Automation System Market - Revenue and Forecast Analysis, by Hardware
    - 9.1.1.5.3 Italy: Building Automation System Market - Revenue and Forecast Analysis, by End Users
  - 9.1.1.6 Russian Federation: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.6.1 Russian Federation: Building Automation System Market - Revenue and Forecast Analysis, by Component
    - 9.1.1.6.2 Russian Federation: Building Automation System Market - Revenue and Forecast Analysis, by Hardware
    - 9.1.1.6.3 Russian Federation: Building Automation System Market - Revenue and Forecast Analysis, by End Users
  - 9.1.1.7 Rest of Europe: Building Automation System Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.7.1 Rest of Europe: Building Automation System Market - Revenue and Forecast Analysis, by Component
    - 9.1.1.7.2 Rest of Europe: Building Automation System Market - Revenue and Forecast Analysis, by Hardware
    - 9.1.1.7.3 Rest of Europe: Building Automation System Market - Revenue and Forecast Analysis, by End Users

10. Competitive Landscape

10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions

12. Company Profiles

12.1 ABB Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Mitsubishi Electric Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Bosch Sicherheitssysteme GmbH
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Honeywell International Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Schneider Electric SE
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Siemens AG
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Johnson Controls International Plc
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Carrier Global Corp
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Lutron Electronics Co., Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Trane Technologies Plc
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 Word Index
13.2 About The Insight Partners