At 8.6% CAGR, Middle East & Africa Building Automation System Market is Projected to be Worth US$ 14,047.20 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa building automation system market was valued at US$ 7,268.73 million in 2023 and is expected to reach US$ 14,047.20 million by 2031, registering a CAGR of 8.6% from 2023 to 2031. Rise in need for enhanced comfort, safety, and security among building occupants and rising initiatives in smart city projects are among the critical factors attributed to drive the Middle East & Africa building automation system market growth.

Building automation systems (BAS) improve a building's security system with the implementation of cutting-edge instruments and techniques. It provides better security to the building's occupants as well as protects assets, corporate resources, property, and IT data. In addition to preventing property damage and theft, the system also provides security against employee fraud. The system can also be programmed to detect possible safety issues, such as gas fires or leaks, and take appropriate action to limit these risks. Further, the elevator access control system helps block access to select floors and areas within the building that are deemed restricted by the management staff. Also, the system guards against security breaches and allows temporary network traffic to be directed within the facility. Only authorized personnel are granted access in access control management. Furthermore, every activity occurring within the building is recorded and stored by access control software. A building's indoor environmental quality (IEQ) and comfort can both be improved by using building automation systems. These systems can be designed to keep the temperature and humidity levels consistent and comfortable across the building. To guarantee that the air in a building is clean and uncontaminated, BAS is used to monitor and manage the air quality, especially in structures with large occupancy rates, such as office and school buildings. Thus, the rising need for enhanced comfort, safety, and security among building occupants drives the building automation market.

On the contrary, lack of skilled professionals hampers the growth of Middle East & Africa building automation system market.

Based on component, the Middle East & Africa building automation system market is bifurcated into hardware and software & services. The hardware segment held 68.4% market share in 2023, amassing US$ 4,970.24 million. It is projected to garner US$ 9,303.12 million by 2031 to register 8.2% CAGR during 2023–2031. 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 Middle East & Africa building automation system market is segmented into commercial, industrial, and residential. The commercial segment held 46.7% share of Middle East & Africa hearing aids market in 2023, amassing US$ 3,397.43 million. It is projected to garner US$ 6,999.87 million by 2031 to expand at 9.5% CAGR from 2023 to 2031.

Based on country, the Middle East & Africa building automation system market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 41.7% share of Middle East & Africa building automation system market in 2023. It was assessed at US$ 3,033.24 million in 2023 and is likely to hit US$ 6,222.98 million by 2031, registering a CAGR of 9.4% during 2023–2031.

Key players operating in the Middle East & Africa building automation system market are 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, among others.

• In March 2024, Trane Technologies, a global climate innovator, its new residential product portfolio with innovative design upgrades to its highly efficient heat pumps and air conditioners, including next-generation refrigerant with 78% less global warming potential (GWP). Designed for even higher efficiency, the company's re-engineered products will enable homeowners to meet their heating and cooling needs while reducing their energy costs and carbon footprints.
• In January 2024, Lutron Electronics, the global leader in lighting control and automated shading solutions, announces the launch of new Maestro dual controls with built-in LED+ advanced dimming technology. Available in dimmer/switch and dimmer/timer models, the 2-in-1 devices provide professional installers with superior dimming performance for a wide range of LED, incandescent, and halogen bulbs in a space-saving, stacked design.

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