Saudi Arabia Building Automation & Control System Market to Grow Due to Technological Advancement until 2026
Increasing number of Smart
Cities is driving the growth of Saudi Arabia Building automation & control
system Market, in the forecast period, 2022-2026.
According to TechSci report on, “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 Communication Technology
(Wired (Digital Addressable Lighting Interface (DALI), KONNEX (KNX), Building
Automation and Control Network (BACNET), LonWorks & Modbus and Wireless
(Zigbee, EnOcean, Wifi, Bluetooth & Others)) 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, 2026”, Saudi
Arabia building automation & control system market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. Saudi Arabia building automation & control system market owes
its growth to the factors like rapidly increasing demand of the smart
buildings, infrastructure and evolving smart cities. Additionally, the
government schemes and regulation has made it easier for the smarter
technological advancements be incorporated into various building automation and
control systems thereby supporting the growth of the market in the upcoming
five years. Also, the government regulation to incorporate technologically
advancements to provide energy-saving, ecologically efficient systems as a way
to remodel the environmental resources and save the ecological resources is
further aiding the growth of the market.
Factors like
decreasing oil prices and COVID-19 pandemic situation may put a mild restraint
in the future years of forecast, but the inclination of country economy toward
non-oil industry like healthcare, infrastructure, tourism etc. are supporting
the growth of the market in the next five years of forecast.
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The Saudi Arabia
building automation & control system market is segmented by industry
segment, communication technology, application, end user, competitional
landscape, and regional distribution. Based on application, the market is
effectively segmented into commercial, industrial, and residential
applications. Commercial applications of the building automation & control
systems are anticipated to hold the largest revenue shares of the market
segment on the account of rapidly evolving and increasing number of
infrastructural development of commercial projects like GCC railways project,
Red Sea project, Neom project, etc. Furthermore, commercial buildings like
hospitals, healthcare centers, schools, universities, and other education
centers, shopping centers, etc. are all utilizing the smart building automation
& control systems and thus supporting the growth of the market in the
upcoming five years.
Based on
industry segment, the market is further bifurcated into HVAC control systems,
lighting control systems, electronic security & safety and building energy
management system. HVAC control systems is anticipated to assert its dominance
with the largest revenue shares of the market in the next five years. The
market segment growth can be attributed to adverse climatic conditions of the
country and the demand for the HVAC systems for the basic survivals. HVAC
systems are in use all around the year and thus the demand for the same is
always on a rise. Moreover, in recent trends, smart heating and cooling systems
are much more in demand in comparison. The government regulations for the HVAC
systems that are energy saving and provide energy-efficient solutions is
influencing the growth of the market in the next five years.
A partial list
of market player in the Saudi Arabia building automation & control system
market includes Axis Communication FZE, General Electric Co., Bosch Safety and
Security System, Honeywell Turki Arabia Ltd., Al Salem Johnson Controls, LG
Electronics Saudi Arabia Co Ltd (LGESB), Schneider electric systems Saudi
Arabia co. Ltd, Siemens Ltd. (Siemens Saudi Arabia), Legrand Saudi for electric
industries limited co., Al Salem Johnson Controls (ASJC), among others. These
market players hold larger shares of the market than the new market players. With
the evolving technology, it is appropriate to say that the effective research
and development of the technologically advanced devices would support the
market growth and benefit the market players as well as the consumers. New
market players may focus on the research and development to provide devices
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“Saudi Arabia building automation & control system market is a
self-reliant and rapidly expanding market segment for the next five years of
the country’s economy. The market is reliant on the developing technologies and
the growing demand of smart cities and smart infrastructure industry. New
market players have a large scope for the market entrance though the market
supports multiple global giants actively supporting the market growth in the
country. Focusing on the research and advancements for the smart ad energy
efficient services and products would help the new businesses to establish
their presence in the market,” said Mr. Karan Chechi, Research Director with
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 Communication Technology (Wired (Digital
Addressable Lighting Interface (DALI), KONNEX (KNX), Building Automation and
Control Network (BACNET), LonWorks & Modbus and Wireless (Zigbee, EnOcean,
Wifi, Bluetooth & Others)) 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, 2026” 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 take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Saudi Arabia building automation & control system market.
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