Saudi Arabia Building Automation & Control System Market is Expected to Register a CAGR of 9.10% Through 2029
Technological Advancements and IoT Integration, and Growing focus towards Energy Efficiency & Sustainability are the likely to propel the market during the forecast period.
According to
TechSci Research report, “Saudi Arabia Building Automation &
Control System Market – By Region, Competition, Forecast and Opportunities,
2019-2029F”, Saudi
Arabia Building
Automation & Control System Market was valued at USD 2.07 Billion in 2023
and is anticipated to project robust growth in the forecast period with a CAGR
of 9.10% through 2029.
Energy efficiency and sustainability are becoming central themes in the Building Automation & Control System (BACS) market in Saudi Arabia. Driven by the Kingdom's commitment to reducing carbon emissions and promoting renewable energy, there is a growing focus on implementing BACS solutions that enhance energy performance and minimize environmental impact. This trend is particularly evident in the push for green building certifications and compliance with energy performance standards. BACS play a crucial role in achieving energy efficiency by optimizing the operation of HVAC systems, lighting, and other energy-consuming equipment. Advanced control strategies, such as demand-responsive systems and energy usage forecasting, help reduce energy waste and lower utility bills. Additionally, the integration of renewable energy sources, like solar panels, with BACS ensures efficient energy management and supports the transition to sustainable energy practices.
Green building certifications, such as LEED (Leadership in Energy and Environmental Design) and the Saudi Green Building Code, are driving the adoption of energy-efficient technologies. Buildings seeking these certifications often implement BACS to meet stringent energy performance criteria. This not only enhances the building's sustainability credentials but also increases its market value and attractiveness to environmentally conscious tenants. The trend towards energy efficiency and sustainability is supported by rising awareness among building owners, developers, and occupants about the long-term benefits of green buildings. These include lower operating costs, improved indoor air quality, and a reduced carbon footprint. As a result, the demand for BACS that contribute to energy-efficient and sustainable buildings is expected to continue growing.
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Based
on Application, The Commercial held the largest market share in 2023. The
dominance of the commercial segment in the Saudi Arabia Building Automation
& Control System (BACS) market is driven by several key factors. The
commercial sector, encompassing office buildings, shopping malls, hotels,
hospitals, and educational institutions, has a significant need for advanced
building management solutions to ensure operational efficiency, occupant
comfort, and energy savings.
The
commercial buildings in Saudi Arabia are often large and complex, requiring
sophisticated automation systems to manage HVAC, lighting, security, and energy
use effectively. BACS provide centralized control and monitoring capabilities,
which are essential for maintaining optimal conditions in expansive and
multi-functional spaces. The ability to integrate various building systems into
a single platform enhances operational efficiency and reduces maintenance
costs, making BACS a valuable investment for commercial property owners.
The
Kingdom's Vision 2030 initiative emphasizes the development of smart cities and
the modernization of infrastructure, with a particular focus on enhancing the
commercial real estate sector. This has led to substantial investments in new
commercial projects and the retrofitting of existing buildings with
state-of-the-art automation technologies. The push for green building
certifications and energy efficiency standards also compels commercial entities
to adopt BACS to meet regulatory requirements and achieve sustainability goals.
The
commercial sector is highly competitive, and businesses are increasingly
recognizing the importance of creating comfortable, secure, and
energy-efficient environments to attract and retain tenants and customers.
Advanced BACS solutions help in achieving these objectives by providing precise
control over environmental conditions, improving indoor air quality, and
ensuring robust security measures. This not only enhances the overall user
experience but also contributes to lower operational costs through energy
savings and optimized resource management.
The
rise of smart technologies and the Internet of Things (IoT) has further
propelled the adoption of BACS in the commercial sector. IoT-enabled devices
and systems allow for real-time data collection and analysis, enabling
predictive maintenance and more informed decision-making. This technological
advancement aligns well with the needs of commercial buildings, where
operational efficiency and cost-effectiveness are paramount.
Major companies
operating in the Saudi Arabia Building Automation & Control System Market are:
- Siemens AG
- Johnson Controls International plc
- Honeywell International Inc.
- Schneider Electric SE
- ABB Limited
- Delta Controls Inc.
- Crestron Electronics, Inc
- RTX Corporation
- Emerson Electric Co.
- Cisco Systems, Inc.
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“The Saudi
Arabia Building Automation & Control System (BACS) market presents a
substantial opportunity driven by the government's Vision 2030 initiatives and
a growing focus on energy efficiency and sustainability. With significant
investments in smart city projects and regulatory mandates for green buildings,
there is an increasing demand for advanced BACS solutions. This market is
poised for growth as building owners and developers seek to optimize
operations, reduce energy consumption, and comply with stringent environmental
standards. The integration of IoT and smart technologies further enhances this
opportunity, making BACS a pivotal component of modern, sustainable
infrastructure in the Kingdom.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“Saudi Arabia Building
Automation & Control System Market By Industry Segment (HVAC Control
Systems, Lighting Control Systems, Electronic Security & Safety and
Building Energy Management System) By Application (Commercial, Industrial,
Residential) By End User (Hospitality, IT/ITES, Retail, BFSI, Transportation,
Residential Complexes, Education, Manufacturing, Utilities, Others), By Region,
Competition, Forecast & Opportunities, 2019-2029F”,
has evaluated the future growth potential of Saudi Arabia Building Automation
& Control System Market and provides statistics & information on Market
size, structure and future Market growth. The report intends to provide
cutting-edge Market intelligence and help decision-makers make sound investment
decisions., The report also identifies and analyzes the emerging trends along
with essential drivers, challenges, and opportunities in the Saudi Arabia Building
Automation & Control System Market.
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