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Commercial Building Automation Market - Global Industry, Size, Share, Growth, Trends and Forecast 2016 - 2024

Press Release   •   Feb 02, 2017 05:11 EST

MarketResearchReports.biz has recently announced the addition of a market study “ Commercial Building Automation Market - Global Industry, Size, Share, Growth, Trends and Forecast 2016 - 2024”, is a comparative analysis of the global market.

Global Commercial Building Automation Market: Overview

One of the major factors driving the market for commercial building automation is increasing demand from key end user such as retail, healthcare, offices and hospitality sector among others. According to UNEP (United Nations Environment Program), buildings contribute to about one third of the total greenhouse gas emissions, mainly due to the usage of fossil fuels. In addition, a slow but gradual evolution of IoT sensors based technology has resulted in the emergence of solutions which are significantly more intelligent and have the ability to analyze granular aspects of buildings such as space utilization, gauging occupant’s comfort levels and similar derive business intelligence.

Global Commercial Building Automation Market: Segmentation

Power supply, interfacing components, room automation, HVAC systems, security & surveillance, illumination & light sensors and others sectors are the various product types of the commercial building automation market. The power supply market is further segmented into UPS, battery modules and others. The interfacing components is further sub segmented into router, couplers and others. The room automation is further being sub segmented into I/O module, actuators & actuators module, controllers and others. Based on the various product types of commercial building automation, the HVAC systems segment constituted the biggest market share, followed by the security and surveillance segment, in 2015. Heating, ventilation and air-conditioning (HVAC) System is a technology used in building automation for vehicular and indoor environmental comfort. The heating, ventilation and air-conditioning (HVAC) are largely served in offices, healthcare, retail and hospitality sector among others, therefore, it holds the largest market among all the segments in the commercial building automation market.

By type of material, the market is divided into lighting control and regulation, interfacing and inter-working with other building systems, blind and shutter control , temperature control and regulation, energy and load management, security and fault monitoring, visualization & remote control and monitoring, reporting, display. In 2015, based on material types, the temperature control and regulation segment held the largest market share followed by the lighting control and regulation segment.

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The commercial building automation market has been segmented on the basis of end use into offices, retail, hospitality sector, healthcare and others. The retail segment constituted the largest market share, followed by the offices segment, in 2015. The major reason for this growth is attributed to the ability of commercial building automation to raise profit by reducing energy and operating costs in retail shops. In addition, adoption of building automation in retail stores makes life easier. It not only smoothens the management of the retail store regulating system, such as temperature and light, but also provides a host of other services such as video surveillance, HVAC services, easier energy management, and efficient security system.

Moreover, the use of building automation in retail shops represented the largest market share in the global commercial building automation market in 2015. This is primarily due to an increase in the use of building automation in enclosed malls and individual shops. Commercial building automation in retail stores has a number of uses, such as providing security to the owner of parked cars, to conserve energy and offering a great ambience.

By geography, the commercial building automation market has been broken down into four regions namely North America, Europe, Asia-Pacific, and Rest of the World (RoW). Presently, North America held the major share of the market, followed by Europe, Asia Pacific and Rest of the World (RoW).

Global Commercial Building Automation Market: Key Trends

Government initiatives for constructing green buildings and rise in green building construction by several different companies are the major factors driving the market for commercial building automation market during the forecast period of 2016 – 2024. Green buildings are constructed using recycled waste resources from construction sites. Increased demand for green building materials has been observed in the residential buildings and office & commercial buildings segments. The other factors driving the market for commercial building automation market is increasing awareness about the advantages of green building which in turn boosting the commercial building automation market during the forecast period of 2016 - 2024.

Global Commercial Building Automation Market: Key players mentioned in the report

Key players profiled in this report include ABB Ltd. (Switzerland), Cisco Systems Inc. (United States), Honeywell International Inc. (United States), Hubbell Inc. (United States), Ingersoll Rand Plc. (Ireland), Johnson Controls International plc. (United States), Robert Bosch GmbH (Germany), Schneider Electric SE (France), United Technologies Corp. (United States) and Siemens AG (Germany).

The segments covered in the Commercial building automation market are as follows:

Global Commercial Building Automation Market: By Product Type

Power Supply

UPS

Battery Modules

Others

Interfacing Components

Router

Couplers

Others

Room Automation

I/O Module

Actuators & Actuators Module

Controllers

Others

HVAC Systems

Security and Surveillance

Illumination and Light Sensors

Others

Global Commercial Building Automation Market: By Material Type

Lighting Control and Regulation

Interfacing and Inter-working with other Building Systems

Blind and Shutter Control

Temperature Control and Regulation

Energy and Load Management

Security and Fault Monitoring

Visualization and Remote Control

Monitoring, Reporting, Display

Others

Global Commercial Building Automation Market: By End Use Type

Offices

Retail

Hospitality Sector

Healthcare

Others

Global Commercial Building Automation Market: By Geography

North America

U.S.

Canada

Mexico

Europe

U.K.

Germany

France

Italy

Rest of Europe

Asia Pacific

India

China

Japan

Rest of Asia Pacific

Rest of the World (RoW)

Middle East

Latin America

Africa

Table Of Content

Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Highlights

Chapter 2 Assumptions and Research Methodology

2.1 Assumptions and Acronyms Used

2.2 Research Methodology

Chapter 3 Executive Summary

3.1 Market Snapshot

Chapter 4 Commercial Building Automation Market: Overview

4.1 Introduction

4.2 Key Trend Analysis

4.3 Drivers and Restraints Snapshot Analysis

4.3.1 Growth in global construction industry

4.3.2 Rising demand for energy conservation and reduction of overall costs

4.3.3 Government Initiatives for Constructing Green Buildings

4.3.4 Increasing Demand from Key End User Segments

4.4 Market Restraints

4.4.1 Interoperability of internal systems and Slow ROI

4.4.2 Cyber threats on Internet connected building automation components

4.4.3 High installation cost

4.5 Market Opportunities

4.5.1 Opportunity Analysis

4.5.2 Implementing ‘Deep Learning’ in building automation components

4.5.3 Affordable building automation for small and medium sized buildings

4.6 Commercial Building Automation: Market Attractiveness Analysis

4.7 Market Share by Key Players (%),2015

4.7.1 Competitive Strategies Adopted by Leading Players, By Regions

Chapter 5 Global Commercial Building Automation Market: By Product Type

5.1 Introduction

5.2 Global Commercial Building Automation Market Value Share Analysis, By Product Types(%)

5.3 Global Commercial Building Automation Market Value Share Analysis, By Product Types (USD Billion)

5.4 Global Commercial Building Automation Market Value Share Analysis, By Power Supply (USD Billion)

5.5 Global Commercial Building Automation Market Value Share Analysis, By Interfacing Components (USD Billion)

5.6 Global Commercial Building Automation Market Value Share Analysis, By Room Automatio (USD Billion)

5.7 Global Commercial Building Automation Market Value Share Analysis, By HVAC Systems (USD Billion)

5.8 Global Commercial Building Automation Market Value Share Analysis, By Security and Surveillance (USD Billion)

5.9 Global Commercial Building Automation Market Value Share Analysis, By Illumination and light sensors (USD Billion)

5.10 Global Commercial Building Automation Market Value Share Analysis, By Others (USD Billion)