Commercial Building Automation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024

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Report Code: ZMR-3181 | Report Format : | Status : Upcoming |

Abstract

Global Commercial Building Automation Market: Overview

Commercial building automation is basically the automatic centralized control system, which is known to control heating & ventilation, air conditioning, lighting as well as other systems of any building by a building management system or building automation system. The main aim of these systems comprises a reduction in operating costs and energy consumption, the well-organized operation of building systems, improved life cycle of utilities, and enhanced occupant comfort.

Global Commercial Building Automation Market: Growth Factors

The global commercial building automation market is likely to witness high demand owing to the requirement for energy-conservative methods as well as a decrease in overall operating expenditure, particularly in the government buildings. Several government initiatives related to the construction of green buildings as well as the increasing prime focal point on green building by several companies are the major contributors to the development and expansion of the global commercial building automation market. In addition, other aspects which are propelling market growth comprise an increase in demand and popularity for building automation in the small as well as medium-sized buildings owing to the rising energy utilization analytics, the requirement to enhance occupant comfort level, as well as mental happiness for environment-conscious purchasers.

Global Commercial Building Automation Market: Segmentation

The global commercial building automation market is classified in terms of product type, end-user, communication technology, and geography. The end-user division is divided into airports, hospitals and healthcare facilities, office buildings and public assembly buildings, railway, and retail.

In terms of product type, the global commercial building automation market is categorized into fire protection systems, facility management systems, building energy management software, security and access control systems, BAS services, and others. In terms of communication technology, the global commercial building automation market is divided into wireless technologies and wired technologies. In terms of deployment type, the global commercial building automation market is fragmented into on-premise and cloud.

Global Commercial Building Automation Market: Regional Analysis

Based on the region, the global commercial building automation market is classified into Europe, North America, Asia Pacific, and the Rest of the World. North America is likely to hold the top share which is expected to be followed by Europe. The global commercial building automation market is likely to generate a considerable revenue generation from end users. The overall requirement and demand for energy conservation & the need for decreasing the overall operating cost are the key factors driving the market for commercial building automation in North America and Europe. The Asia Pacific is expected to show a rapid development rate in its demand and requirement for commercial building automation but is presently being stifled by aspects such as a very slow rate of ROI for constructors owing to the high installation price.

Global Commercial Building Automation Market: Competitive Players

Some of the most important market players in the global commercial building automation market are Honeywell International Inc., ABB Ltd., Ingersoll Rand Plc., Cisco Systems Inc., Robert Bosch GmbH, Hubbell Inc., United Technologies Corp., Johnson Controls International Plc., Siemens AG., and Schneider Electric SE, among others.

Global Commercial Building Automation Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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