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

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?

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?

For more insights on the market share of various regions Request for a FREE sample now!

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?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

Request for a FREE sample

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch