Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Building Automation System Market | Revenue, Share, Forecast, Size, Trends, Companies, Analysis, Growth, Outlook, Industry: Markets Forecast By Types, By Hardware Communication Technology, By Applications and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia Building Automation System Market revenue size is projected to grow at a Revenue CAGR of 17.7% during 2024-2030
The Saudi Arabia Building Automation System (BAS) market has seen substantial growth in recent years, largely due to significant government investments in Mega Projects under Vision 2030. This initiative aims to diversify the economy away from oil dependence by modernizing the nation's infrastructure.
Key projects encompass the $13.3 billion Alnama Smart City, the $10 billion Al Faisaliah Economic City, the $147 billion international airport, and the $40 billion Qiddiya project. These developments are crucial for the country's expansion plans and are expected to drive strong demand for advanced BAS technologies, which are essential for improving energy efficiency and operational management in smart cities and sustainable developments.
This anticipated growth is fueled by investments from both government and private sectors, focusing on advancing hospitality, residential, and commercial development. For instance, as part of Vision 2030, Saudi Arabia plans to invest $1.1 trillion in real estate and infrastructure projects, with the goal of attracting $100 billion in foreign direct investment (FDI) by 2030 to support the expanding infrastructure and technological advancements. Moreover, Saudi Arabia is also planning to host major events like the World Expo, the 2025 Asian Indoor and Martial Arts Games, and potentially the FIFA World Cup in 2034.
These large-scale events would necessitate advanced security measures, premium accommodations for guests, and efficient operations across venues, hotels, and infrastructure, increasing the demand for advanced BAS technologies to ensure seamless and secure event management. Also, the increase in business travel, the growing number of international events, and the influx of religious tourism are driving substantial investments in hotel projects, including a $104 billion investment to add 320,000 new hotel rooms by 2030, and a $70 billion project under construction for 221,000 new hotel rooms in Mecca and Medina.
As a result, economic diversification, government spending on mega projects, increased foreign direct investment (FDI), and a thriving real estate sector are collectively creating an ideal environment for the widespread adoption of advanced building automation technologies across various sectors in the Kingdom.
Market Segmentation By Types
Saudi Arabia's extreme heat and arid climate drive a strong demand for efficient and reliable HVAC systems across residential, commercial, and retail spaces. Additionally, upcoming projects such as the King Abdulaziz International Airport Expansion, Al Faisaliah Economic City, and the development of luxury 4- and 5-star hotel properties are expected to further stimulate the growth of HVAC systems in the coming years.
Market Segmentation By Hardware Communication Technology
In coming years, wireless technology is expected to witness the highest growth as wireless systems offer greater flexibility in installation, allowing for easier modifications and expansions without the need for additional wiring. Also, they allow seamless integration of new devices and technologies in large or complex buildings.
Market Segmentation By Application
By application, the hospitality sector is expected to experience the highest growth due to the surge in tourism and Saudi Arabia's plans to host major events such as World Expo 2030, the FIFA World Cup in 2034, and the Asian Indoor and Martial Arts Games. These developments are projected to significantly boost the demand for new hotel projects in Saudi Arabia in the coming years.
Key Highlights of the Report:
- Saudi Arabia Building Automation System Market Overview
- Saudi Arabia Building Automation System Market Outlook
- Saudi Arabia Building Automation System Market Forecast
- Historical Data and Forecast of Revenues By Types, for the Period 2020-2030F
- Historical Data and Forecast of Revenues By Hardware Communication Technology, for the Period 2020-2030F
- Historical Data and Forecast of Revenues By Application, for the Period 2020-2030F
- Market Drivers and Restraints
- Market Trends and Evolution
- Industry Life Cycle
- Porter's Five Force Analysis
- Saudi Arabia Building Automation System Market Revenue Share/Ranking, By Companies
- Competitive Benchmarking
- Key Strategic Recommendations
Saudi Arabia Building Automation SystemCompany Profiles
- Schneider Electric
- Siemens
- Johnson Controls International
- ABB Ltd.
- Legrand Group
- Rockwell Automation Inc.
- Honeywell International Inc.
- Wago
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Saudi Arabia Building Automation System Market Overview
3.1 Saudi Arabia Building Automation System Market Revenues, 2020-2030F
3.2 Saudi Arabia Building Automation System Market Industry Life Cycle
3.3 Saudi Arabia Building Automation System Market Porter's Five Forces
4. Saudi Arabia Building Automation System Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Saudi Arabia Building Automation System Market Trends & Evolution
6. Saudi Arabia Building Automation System Market Overview, By Types
6.1 Saudi Arabia Building Automation System Market Revenue Share and Revenues, By Types, 2023 & 2030F
6.1.1 Saudi Arabia Building Automation System Market Revenues, By Hardware, 2020-2030F
6.1.2 Saudi Arabia Building Automation System Market Revenues, By Software, 2020-2030F
6.1.3 Saudi Arabia Building Automation System Market Revenues, By Services, 2020-2030F
7. Saudi Arabia Building Automation System Market Overview, By Hardware
7.1 Saudi Arabia Building Automation System Market Revenue Share and Revenues, By Hardware, 2023 & 2030F
7.1.1 Saudi Arabia Building Automation System Market Revenues, By HVAC, 2020-2030F
7.1.2 Saudi Arabia Building Automation System Market Revenues, By Lighting, 2020-2030F
7.1.3 Saudi Arabia Building Automation System Market Revenues, By Security, 2020-2030F
8. Saudi Arabia Building Automation System Market Overview, By Software
8.1 Saudi Arabia Building Automation System Market Revenue Share and Revenues, By Software, 2023 & 2030F
8.1.1 Saudi Arabia Building Automation System Market Revenues, By Automated Control, 2020-2030F
8.1.2 Saudi Arabia Building Automation System Market Revenues, By Manual Control, 2020-2030F
9. Saudi Arabia Building Automation System Market Overview, By Services
9.1 Saudi Arabia Building Automation System Market Revenue Share and Revenues, By Services, 2023 & 2030F
9.1.1 Saudi Arabia Building Automation System Market Revenues, By Facility Management, 2020-2030F
9.1.2 Saudi Arabia Building Automation System Market Revenues, By Maintenance, 2020-2030F
10. Saudi Arabia Building Automation System Market Overview, By Hardware Communication Technology
10.1 Saudi Arabia Building Automation System Market Revenue Share and Revenues, By Hardware Communication Technology, 2023 & 2030F
10.1.1 Saudi Arabia Building Automation System Market Revenues, By Wired, 2020-2030F
10.1.2 Saudi Arabia Building Automation System Market Revenues, By Wireless, 2020-2030F
11. Saudi Arabia Building Automation System Market Overview, By Applications
11.1 Saudi Arabia Building Automation System Market Revenue Share, By Applications, 2023 & 2030F
11.2 Saudi Arabia Building Automation System Market Revenues, By Applications, 2020-2030F
11.2.1 Saudi Arabia Building Automation System Market Revenues, By Residential, 2020-2030F
11.2.2 Saudi Arabia Building Automation System Market Revenues, By Commercial Offices and Buildings, 2020-2030F
11.2.3 Saudi Arabia Building Automation System Market Revenues, By Retail Malls, 2020-2030F
11.2.4 Saudi Arabia Building Automation System Market Revenues, By Hospitality/Hotels, 2020-2030F
11.2.5 Saudi Arabia Building Automation System Market Revenues, By Healthcare, 2020-2030F
11.2.6 Saudi Arabia Building Automation System Market Revenues, By Transportation & Infrastructure, 2020-2030F
11.2.7 Saudi Arabia Building Automation System Market Revenues, By Industrial, 2020-2030F
12. Saudi Arabia Building Automation System Market Key Performance Indicators
13. Saudi Arabia Building Automation System Market Opportunity Assessment
13.1 Saudi Arabia Building Automation System Market Opportunity Assessment, By Types, 2030F
13.2 Saudi Arabia Building Automation System Market Opportunity Assessment, By Hardware Communication Technology, 2030F
13.3 Saudi Arabia Building Automation System Market Opportunity Assessment, By Applications, 2030F
14. Saudi Arabia Building Automation System Market Competitive Landscape
14.1 Saudi Arabia Building Automation System Market Revenue Ranking, By Companies, 2023
14.2 Saudi Arabia Building Automation System Market Competitive Benchmarking, By Technical/Operating Parameters
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