Press release
Intelligent Building Automation Technologies Market: Fast-Tracked Growth towards $150.14 Billion by 2029 with a CAGR of 11.2%
Intelligent Building Automation Technologies Market
Expanding Market Boundaries of Intelligent Building Automation Technologies Driven by Emerging Trends and Technological Advancements
What Is The Projected Market Size Of The Global Intelligent Building Automation Technologies Market And Its Growth Rate?
- The market size has shown strong growth, rising from $92.38 billion in 2024 to $98.11 billion in 2025 at a CAGR of 6.2%.
- The market is expected to see rapid growth, reaching $150.14 billion in 2029 at a CAGR of 11.2%.
What Is Driving The Growth In The Intelligent Building Automation Technologies Market?
The growth in the intelligent building automation technologies market is significantly driven by the increase in energy-efficient projects. Intelligent building automation solutions play a vital role in these projects, reducing energy consumption by 10% to 25%, leading to highly energy-efficient buildings. Moreover, energy intensity progress is expected to drop to 1.3% by 2023, due to an increase in energy demand of 1.7% in 2023, compared to 1.3% in the previous year according to the International Energy Agency. Hence, the surge in energy-efficient projects is catalyzing the market growth of intelligent building automation technologies.
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Who Are the Key Players Driving Intelligent Building Automation Technologies Market Growth?
- Asea Brown Boveri Ltd.
- Azbil Corporation
- Eaton Corporation plc
- General Electric Company
- Ingersoll Rand Inc.
- Siemens Building Technologies Inc.
- Schneider Electric SE
- Honeywell International Inc.
- Hubbell Incorporated
- Rockwell Automation Inc.
- United Technologies Corporation
- Samsung Electronics Co. Ltd.
- Delta Controls Inc.
- Panasonic Corporation
- Robert Bosch GmbH
- Cisco Systems Inc.
- Trane Technologies plc
- Lutron Electronics Co. Inc.
- Johnson Controls International plc
- Beijer Electronics AB
- Emerson Electric Co.
- Mitsubishi Electric Corporation
- Hitachi Ltd.
- Huawei Technologies Co. Ltd.
- Creston Electronics LLC
- Legrand SA
- Bajaj Electricals Limited
- Building LogiX Inc.
- Distech Controls Inc.
- Dialight plc
What Are The Key Trends In The Intelligent Building Automation Technologies Market?
- Digital Transformation
- Globalization and Supply Chain Complexity
- Shift to Smart Manufacturing
- Customer-Centric Design
What Are The Segments Of The Global Intelligent Building Automation Technologies Market?
- By Type: Hardware, Software, Service
- By Communication Technology: Wired Technology, Wireless Technology
- By Application: Residential, Commercial, Industrial
Which Region Leads The Intelligent Building Automation Technologies Market?
North America was the largest region in the intelligent building automation technologies market in 2024. However, the Asia-Pacific region is expected to witness the fastest growth in the coming forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Intelligent Building Automation Technologies Market Report?
- Market Size Analysis: Analyze the global market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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