Commercial Building Automation Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Commercial Building Automation Market Analysis
The commercial building automation systems market is expected to grow at a CAGR of 8% over the forecast period (2021-2026). Government endeavors for developing green buildings and a rise in green building development by a few distinct organizations are the key points driving the market studied. Green buildings are developed using reused squander assets from development destinations. Expanded interest for green building materials was seen in private buildings and offices, as well as in commercial buildings sections.
- The market studied continues to have a solid performance due to several dynamic forces, such as a potential trade war, skilled talent shortages, and straining supply chains. Commercial building automation provides service in lighting control and regulation, blind and shutter control, energy and load management, security and fault monitoring, and temperature control and regulation.
- A growing number of commercial building construction activities, increasing demand for lowering operating costs in construction, and rising demand for comfort and satisfaction are expected to drive the market studied. Building automation has been around for many decades. However, due to factors, like energy conservation and mandates for green construction, new technologies have been introduced. The latest smart building solutions leverage new technologies, such as IoT, Big Data, cloud computing, data analytics, deep learning, and artificial intelligence, for the benefits of saving energy, reducing operational expenditures, increasing occupancy comfort, and meeting increasingly stringent global regulations and sustainability standards. For example, Aquicore, a performance management platform of real estate, recently launched a new energy optimization tool named 'optimal start time'. This tool uses a complex algorithm in factoring outdoor temperature, insulation levels, and equipment efficiency. Optimal start time enables buildings to quickly save operating costs without affecting the tenant's comfort. Moreover, the growing need for eco-friendly products may positively impact the commercial building automation market.
Commercial Building Automation Market Trends
This section covers the major market trends shaping the Commercial Building Automation Systems Market according to our research experts:
Growth in Global Green Building Market
Commercial real estate is among the top tangible measures to determine the health of any region. The constantly changing landscapes affect the growth of the commercial real estate sector. The governments are developing initiatives for green building. However, energy efficiencies are often associated with higher costs. Currently, green building construction attributes increased economic benefits over those that lack green qualities. These benefits include lower operating expenses, higher occupancy rates, and increased resale value. All these factors contribute to the builders and real estate buyers 'going green'. For developers interested in commercial and multi-family properties, implementing sustainable business practices can achieve longevity in the future market. Government initiatives for constructing green buildings and the rise in green building construction by several different companies are the major factors driving the commercial building automation systems market. Increased demand for green building materials was observed in the residential buildings segment, as well as in the office and commercial buildings segments.
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Growth in Global Commercial Real Estate
Global commercial real estate (CRE) investment, including entity-level deals, equaled USD 260 billion in Q3 2019. Recent interest rate cuts widened yield spreads, which revived investor interest. Asia continues to provide comparatively high yields and income growth potential for global investors. Office and residential properties remained the most attractive investment assets in Europe, Middle East & Africa. Despite economic conditions, the commercial real estate market continued to grow in 2018. Investors from the Asia-Pacific preferred to invest outside the region entirely. In 2018, close to USD 41 billion was invested in other regions in 2018 compared to USD 21 billion within Asia-Pacific. Europe was the destination of choice for most, closely followed by North America.
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Commercial Building Automation Industry Overview
The report covers the major players operating in the market studied. Some of the major players in the market studied are GE, Honeywell, ABB, and Siemens. As per the study, the market studied is fragmented in nature. The companies operating in the market studied are introducing new products in the market. ODIN Building Automation Systems announced the launch of a new BACnet certified IoT software in April 2019. Furthermore, other players introduced new products, such as the BEAM X energy management system and Clarity3 for commercial buildings, among others.
Commercial Building Automation Market Leaders
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Siemens
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Emerson
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ABB
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Schneider Electric
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Rockwell Automation
*Disclaimer: Major Players sorted in no particular order
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Commercial Building Automation Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 HVAC
- 5.1.2 Building Management Systems
- 5.1.3 Security and Access Control Systems
- 5.1.4 Energy Management Systems
- 5.1.5 Lighting Management Systems
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5.2 By Application
- 5.2.1 Multifamily
- 5.2.2 Office
- 5.2.3 Retail
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Russia
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.5 Middle East
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle East
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
- 6.2 Mergers and Acquisitions
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6.3 Company Profiles
- 6.3.1 Siemens
- 6.3.2 Emerson
- 6.3.3 ABB
- 6.3.4 Schneider Electric
- 6.3.5 Rockwell Automation
- 6.3.6 Mitsubishi Electric
- 6.3.7 Honeywell
- 6.3.8 Fortive
- 6.3.9 Yokogawa Electric
- 6.3.10 Omron
- 6.3.11 GE
- 6.3.12 Ametek EIG
- 6.3.13 Endress+Hauser
- 6.3.14 Phoenix Contact
- 6.3.15 IMI Precision Engineering
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCommercial Building Automation Industry Segmentation
This report aims to provide a detailed analysis of the commercial building automation systems market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights on various product and application types. Furthermore, it analyses the key players and the competitive landscape in the market studied.
| By Product Type | HVAC | |
| Building Management Systems | ||
| Security and Access Control Systems | ||
| Energy Management Systems | ||
| Lighting Management Systems | ||
| By Application | Multifamily | |
| Office | ||
| Retail | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Rest of Asia-Pacific | ||
| By Geography | South America | Brazil |
| Argentina | ||
| By Geography | Middle East | United Arab Emirates |
| Saudi Arabia | ||
| Rest of Middle East |
Commercial Building Automation Market Research FAQs
What is the current Commercial Building Automation Systems Market size?
The Commercial Building Automation Systems Market is projected to register a CAGR of 8% during the forecast period (2024-2029)
Who are the key players in Commercial Building Automation Systems Market?
Siemens, Emerson, ABB, Schneider Electric and Rockwell Automation are the major companies operating in the Commercial Building Automation Systems Market.
Which is the fastest growing region in Commercial Building Automation Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Commercial Building Automation Systems Market?
In 2024, the North America accounts for the largest market share in Commercial Building Automation Systems Market.
What years does this Commercial Building Automation Systems Market cover?
The report covers the Commercial Building Automation Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Building Automation Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Commercial Building Automation Systems Industry Report
Statistics for the 2024 Commercial Building Automation Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Commercial Building Automation Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
