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Commercial Building Automation Systems Market by Technology and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72609
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The commercial building automation systems market share is expected to increase by USD 18.97 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.98%.

This commercial building automation systems market research report extensively covers commercial building automation systems market segmentation by technology (wired and wireless) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The commercial building automation market report also offers information on several market vendors, including ABB Ltd., Beckhoff Automation GmbH and Co. KG, Carrier Global Corp., Cisco Systems Inc., Crestron Electronics Inc., Emerson Electric Co., Endress Hauser Group Services AG, General Electric Co., Honeywell International Inc., Hubbell Inc., Johnson Controls International Plc, Legrand North America LLC, Lutron Electronics Co. Inc., Mitsubishi Electric Corp., OMRON Corporation, Phoenix Contact GmbH and Co. KG, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Trane Technologies Plc, and Yokogawa Electric Corp. among others.

What will the Commercial Building Automation Systems Market Size be During the Forecast Period?

Commercial Building Automation Systems Market Size

Download the Free Report Sample to Unlock the Commercial Building Automation Systems Market Size for the Forecast Period and Other Important Statistics

 

Commercial Building Automation Systems Market: Key Drivers, Trends, and Challenges

The demand for comfort and foolproof security systems is notably driving the commercial building automation systems market growth, although factors such as challenges in integrating building automation software coupled with interoperability issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial building automation systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

Key Commercial Building Automation Systems Market Driver

One of the key factors driving the global commercial building automation systems market growth is the demand for comfort and foolproof security systems. The demand for advanced HVAC systems and security devices such as CCTV cameras has increased to enhance the comfort of people working in these buildings and reinforce their safety and security. In July 2021, Hikvision enhanced its offering of professional video surveillance cameras with ColorVu imaging technology that provides color images in virtually any lighting conditions, including zero-light environments. Similarly, in June 2021, Sony Semiconductor Solutions Corp. announced the upcoming release of IMX585, a 1/1.2-type 4K-resolution CMOS image sensor for security cameras, which would deliver approximately eight times the dynamic range of conventional model*1 in a single exposure. These requirements will increase the implementation of building automation systems in the commercial sector during the forecast period.

Key Commercial Building Automation Systems Market Trend

The rise in the adoption of AI and IoT-based solutions is a commercial building automation systems market trend that is expected to have a positive impact in the coming years. Smart locks have become popular over the last few years, owing to innovative solutions such as accessing the house using a personal identification number (PIN) if the person forgets the keys or unlocking the door using a smartphone. IoT-based smart alarms help in sending alerts to the owner by using the Internet in the case of any trespass to his/her property. For instance, the Raspberry Pi home security system detects the presence of intruders and quickly alerts the owner by sending an alert mail (which contains the picture of the intruder captured by the Pi camera). In recent years, vendors have launched residential and commercial security systems embedded with artificial intelligence. For instance, in 2021, Hikvision launched an advanced AI technology built-in DeepinView iDS 7 Series camera. Such factors are projected to drive the market in focus during the forecast period.

Key Commercial Building Automation Systems Market Challenge

One of the key factors impeding the global commercial building automation systems market growth is the challenges in integrating building automation software coupled with interoperability issues. As the building size increases, the number of sub-systems and the related complexity of the overall system also rise. The automation systems integrate multiple pieces of equipment and appliances, which makes the interface more complex. In addition, integrating existing legacy systems with a new, more complicated software may lead to various integration issues, which may result in faulty installations, leading to breaches in security. Moreover, ensuring interoperability while switching from one network to another is a challenge. For instance, a ZigBee device can only connect to a ZigBee hub that needs separate software. Such factors are expected to hinder the market from growing during the forecast period, despite having huge potential.

This commercial building automation systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global commercial building automation systems market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial building automation systems market during the forecast period.

Who are the Major Commercial Building Automation Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Beckhoff Automation GmbH and Co. KG
  • Carrier Global Corp.
  • Cisco Systems Inc.
  • Crestron Electronics Inc.
  • Emerson Electric Co.
  • Endress Hauser Group Services AG
  • General Electric Co.
  • Honeywell International Inc.
  • Hubbell Inc.
  • Johnson Controls International Plc
  • Legrand North America LLC
  • Lutron Electronics Co. Inc.
  • Mitsubishi Electric Corp.
  • OMRON Corporation
  • Phoenix Contact GmbH and Co. KG
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Trane Technologies Plc
  • Yokogawa Electric Corp.

 

This statistical study of the commercial building automation systems market encompasses successful business strategies deployed by the key vendors. The commercial building automation systems market is fragmented and the vendors are deploying growth strategies such as the expansion of product portfolio to compete in the market.

Product Insights and News

  • ABB Ltd. - The company offers commercial building automation systems that include innovative technology used to integrate, disseminate and visualize information from the entire building, heating and cooling systems, ventilation and air conditioning systems, lighting, sun shading system.
  • Carrier Global Corp. - The company offers commercial building automation systems that include an I VU building automation system that provides a 360 view of your building's entire operation to maintain comfort for occupants, optimize energy usage, and resolve problems faster.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial building automation systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Commercial Building Automation Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the commercial building automation systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Commercial Building Automation Systems Market?

Commercial Building Automation Systems Market Market segmentation by region

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38% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for commercial building automation systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid growth in the industrial sector, which has led to an increase in the demand for commercial office spaces will facilitate the commercial building automation systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 adversely affected the economies of various countries such as China, India, Japan, and Australia. The outbreak negatively impacted the growth of the regional market, which led to a decline in construction activities. Therefore, to contain the spread of the disease, the governments of several countries in the region imposed restrictions, such as total lockdowns in the first half of 2020 and the first half of 2021. However, the gradual containment of the pandemic and the reopening of economies have led to the resumption of business activities in the region. Hence, such factors are expected to drive the market in the region during the forecast period.

What are the Revenue-generating Technology Segments in the Commercial Building Automation Systems Market?

Commercial Building Automation Systems Market Segmentation

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The commercial building automation systems market share growth by the wired segment will be significant during the forecast period. Smart home automation is one of the major factors leading to the development of the segment. Another factor driving this segment is increasing construction activity across the world. The incorporation of real-time response or the Internet of Things (IoT) with building automation systems will lead to new opportunities for vendors to launch products in the market during the forecast period. The rapid adoption of technological advances in controlled wired devices will drive the growth of the market in focus through this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial building automation systems market size and actionable market insights on post COVID-19 impact on each segment.

 

Commercial Building Automation Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.98%

Market growth 2022-2026

$ 18.97 billion

Market structure

Fragmented

YoY growth (%)

8.24

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Beckhoff Automation GmbH and Co. KG, Carrier Global Corp., Cisco Systems Inc., Crestron Electronics Inc., Emerson Electric Co., Endress Hauser Group Services AG, General Electric Co., Honeywell International Inc., Hubbell Inc., Johnson Controls International Plc, Legrand North America LLC, Lutron Electronics Co. Inc., Mitsubishi Electric Corp., OMRON Corporation, Phoenix Contact GmbH and Co. KG, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Trane Technologies Plc, and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Commercial Building Automation Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive commercial building automation systems market growth during the next five years
  • Precise estimation of the commercial building automation systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial building automation systems industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial building automation systems market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Technology

  • 5.1 Market segments
    • Exhibit 24: Chart on Technology - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Technology - Market share 2021-2026 (%)
  • 5.2 Comparison by Technology
    • Exhibit 26: Chart on Comparison by Technology
    • Exhibit 27: Data Table on Comparison by Technology
  • 5.3 Wired - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Wired - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Wired - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Wired - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Wired - Year-over-year growth 2021-2026 (%)
  • 5.4 Wireless - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Wireless - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Wireless - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Wireless - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Wireless - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Technology
    • Exhibit 36: Market opportunity by Technology ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 India - Market size and forecast 2021-2026
    • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.11 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 ABB Ltd.
    • Exhibit 89: ABB Ltd. - Overview
    • Exhibit 90: ABB Ltd. - Business segments
    • Exhibit 91: ABB Ltd. - Key offerings
    • Exhibit 92: ABB Ltd. - Segment focus
  • 10.4 Carrier Global Corp.
    • Exhibit 93: Carrier Global Corp. - Overview
    • Exhibit 94: Carrier Global Corp. - Business segments
    • Exhibit 95: Carrier Global Corp. - Key news
    • Exhibit 96: Carrier Global Corp. - Key offerings
    • Exhibit 97: Carrier Global Corp. - Segment focus
  • 10.5 Emerson Electric Co.
    • Exhibit 98: Emerson Electric Co. - Overview
    • Exhibit 99: Emerson Electric Co. - Business segments
    • Exhibit 100: Emerson Electric Co. - Key news
    • Exhibit 101: Emerson Electric Co. - Key offerings
    • Exhibit 102: Emerson Electric Co. - Segment focus
  • 10.6 General Electric Co.
    • Exhibit 103: General Electric Co. - Overview
    • Exhibit 104: General Electric Co. - Business segments
    • Exhibit 105: General Electric Co. - Key news
    • Exhibit 106: General Electric Co. - Key offerings
    • Exhibit 107: General Electric Co. - Segment focus
  • 10.7 Honeywell International Inc.
    • Exhibit 108: Honeywell International Inc. - Overview
    • Exhibit 109: Honeywell International Inc. - Business segments
    • Exhibit 110: Honeywell International Inc. - Key news
    • Exhibit 111: Honeywell International Inc. - Key offerings
    • Exhibit 112: Honeywell International Inc. - Segment focus
  • 10.8 Johnson Controls International Plc
    • Exhibit 113: Johnson Controls International Plc - Overview
    • Exhibit 114: Johnson Controls International Plc - Business segments
    • Exhibit 115: Johnson Controls International Plc - Key news
    • Exhibit 116: Johnson Controls International Plc - Key offerings
    • Exhibit 117: Johnson Controls International Plc - Segment focus
  • 10.9 Mitsubishi Electric Corp.
    • Exhibit 118: Mitsubishi Electric Corp. - Overview
    • Exhibit 119: Mitsubishi Electric Corp. - Business segments
    • Exhibit 120: Mitsubishi Electric Corp. - Key news
    • Exhibit 121: Mitsubishi Electric Corp. - Key offerings
    • Exhibit 122: Mitsubishi Electric Corp. - Segment focus
  • 10.10 Phoenix Contact GmbH and Co. KG
    • Exhibit 123: Phoenix Contact GmbH and Co. KG - Overview
    • Exhibit 124: Phoenix Contact GmbH and Co. KG - Product / Service
    • Exhibit 125: Phoenix Contact GmbH and Co. KG - Key offerings
  • 10.11 Schneider Electric SE
    • Exhibit 126: Schneider Electric SE - Overview
    • Exhibit 127: Schneider Electric SE - Business segments
    • Exhibit 128: Schneider Electric SE - Key news
    • Exhibit 129: Schneider Electric SE - Key offerings
    • Exhibit 130: Schneider Electric SE - Segment focus
  • 10.12 Siemens AG
    • Exhibit 131: Siemens AG - Overview
    • Exhibit 132: Siemens AG - Business segments
    • Exhibit 133: Siemens AG - Key news
    • Exhibit 134: Siemens AG - Key offerings
    • Exhibit 135: Siemens AG - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 136: Inclusions checklist
    • Exhibit 137: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 138: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 139: Research methodology
    • Exhibit 140: Validation techniques employed for market sizing
    • Exhibit 141: Information sources
  • 11.5 List of abbreviations
    • Exhibit 142: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Commercial Building Automation Systems market growth will increase by $18.97 billion during 2021-2026.
The commercial building automation systems market is expected to grow at a CAGR of 8.98% during 2021-2026.
Technavio has segmented the commercial building automation systems market by application (Wired and Wireless) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
ABB Ltd., Beckhoff Automation GmbH and Co. KG, Carrier Global Corp., Cisco Systems Inc., Crestron Electronics Inc., Emerson Electric Co., Endress Hauser Group Services AG, General Electric Co., Honeywell International Inc., Hubbell Inc., Johnson Controls International Plc, Legrand North America LLC, Lutron Electronics Co. Inc., Mitsubishi Electric Corp., OMRON Corporation, Phoenix Contact GmbH and Co. KG, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Trane Technologies Plc, Yokogawa Electric Corp. are a few of the key vendors in the commercial building automation systems market.
APAC will register the highest growth rate of 37.74% among the other regions. Therefore, the commercial building automation systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the commercial building automation systems market growth are:
  • Demand for comfort and foolproof security systems
  • Rise in the adoption of AI and IoT-based solutions
The commercial building automation systems market vendors should focus on grabbing business opportunities from the wired segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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