Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is Projected for the Intelligent Building Automation Technologies Market by 2025?
The intelligent building automation technologies market size has strongly expanded in recent years. It is expected to grow from $92.38 billion in 2024 to $98.11 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period is driven by factors such as early adoption and awareness, regulatory compliance, cost reduction efficiency, resilience and adaptability, along with energy efficiency goals.
Looking ahead, the market size is anticipated to see substantial growth, rising to $150.14 billion in 2029 at a compound annual growth rate (CAGR) of 11.2%. This projected growth in the forecast period is backed by factors including a maturing technology ecosystem, customization and flexibility, data security and privacy, human-centric design, and decentralized energy systems. Major trends impacting this growth include digital transformation, globalization, growth in supply chain complexity, the shift to smart manufacturing, and a more customer-centric design.
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What’s Driving the Intelligent Building Automation Technologies Market Growth?
The increasing implementation of energy-efficient projects is propelling the growth of the intelligent building automation technologies market. Energy-efficient projects refer to structures that maximize resource efficiency while maintaining comfortable living conditions within the home with the least amount of energy possible. Intelligent building automation solutions support these projects by reducing energy consumption by 10% to 25%. Consequently, this makes these buildings highly energy efficient. Thus, the rising interest in energy-efficient projects is fueling the intelligent building automation technologies market growth.
How is The Global Intelligent Building Automation Technologies Market Segmented?
1) By Type: Hardware, Software, Service
2) By Communication Technology: Wired Technology, Wireless Technology
3) By Application: Residential, Commercial, Industrial
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Who Are The Market Leaders In The Intelligent Building Automation Technologies Market?
Major players in the intelligent building automation technologies market include 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, and Rockwell Automation Inc., among others.
What Trends Influence The Intelligent Building Automation Technologies Market?
Product innovation is a key trend gaining popularity in the intelligent building automation market. Major companies are focusing on developing advanced technologies to sustain their market position. For instance, PassiveLogic Inc, a US-based specialist in intelligent building automation technologies, launched a generative autonomy platform in November 2023. This transformative technology platform changes building control systems, making them fully intelligent, autonomous entities.
What Regional Growth Can We Expect For The Intelligent Building Automation Technologies Market?
North America accounted for the largest share of the intelligent building automation technologies market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
What Does The Intelligent Building Automation Technologies Market Report 2025 Offer?
Intelligent building automation technologies (IBAT) refer to software and hardware networks controlling and monitoring the environment of a building facility. These technologies create structure, system service, and management optimization, resulting in efficient, comfortable, and convenient atmospheres.
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