Commercial building automation systems market size to grow by USD 18.97 billion from 2021 to 2026; Growth driven by demand for comfort and foolproof security systems - Technavio

NEW YORK, April 10, 2023 /PRNewswire/ -- The global commercial building automation systems market size is estimated to grow by USD 18.97 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.98% during the forecast period. The market is driven by the demand for comfort and foolproof security systems. The number of commercial spaces is increasing worldwide with rapid industrialization and increased investments in the construction sector. This has subsequently increased the demand for building automation systems among end-users. In addition, security, access control, and comfort are other key requirements in commercial spaces. It is imperative to keep track of the people entering these buildings to prevent trespassing. This has created a demand for advanced HVAC systems and security cameras. These requirements are expected to increase the adoption of building automation systems in the commercial sector during the forecast period. Discover some insights on market size before buying the full report - Request a sample report

Global Commercial Building Automation Systems Market – Vendor Analysis

The global commercial building automation systems market is fragmented, with the presence of many vendors. Major players are expected to retain their market shares by increasing their operational efficiency and diversifying their solutions. Many vendors are progressing toward providing customized automation and control systems to meet the evolving needs of energy efficiency for various government, commercial, and residential facilities. However, small and unorganized market players are unable to maintain a profit margin, owing to the dominance of established global players. Major players are expected to continue to lead the global commercial building automation systems market through a wide range of customized software packages. The market, being at the growing stage, is likely to experience market consolidation among players during the forecast period.

A few prominent vendors that offer commercial building automation systems in the market are 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. and others.

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Global Commercial Building Automation Systems Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on technology (wired and wireless) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

• The market growth in the wired segment will be significant during the forecast period. Increasing smart home automation is a major factor driving the growth of the segment. Technological advances in wireless devices and the rising adoption of IoT will also drive the growth of the segment over the forecast period.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global commercial building automation systems market.

• APAC will account for 38% of the market growth during the forecast period. The growth of the industrial sector in APAC has increased the number of commercial office spaces. Many prominent vendors in the region have started selling new and advanced commercial building automation systems such as security solutions. In addition, the rise in the adoption of video surveillance systems across schools is fueling the growth of the commercial building automation market in APAC.

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Global Commercial Building Automation Systems Market – Market Dynamics

Key Trends – 

The rise in the adoption of AI and IoT-based solutions is identified as the key trend in the market. The penetration of AI and IoT technologies is increasing rapidly. The growing number of smart homes has increased the use of IoT-enabled devices to control locks, lights, and security cameras from a smartphone. Besides, vendors have started to offer residential and commercial security systems embedded with artificial intelligence. For instance, in 2021, Hikvision launched DeepinView iDS 7 Series camera, with advanced built-in AI technology. The camera backs intelligent features and provides a cost-effective solution for a variety of security and health safety applications, including social distancing and mask detection, active shooter detection, and visitor management. Such developments are expected to have a positive impact on the growth of the market during the forecast period.

Major challenges – 

The challenges in integrating building automation software, coupled with interoperability issues, will hinder the growth of the market. It requires a certain level of experience and technical skills for the integration of complex building automation software. This is because automation systems integrate multiple pieces of equipment and appliances, which make them more complex. Thus, establishing effective communication between different hardware systems is highly essential in building automation systems. In addition, integrating existing systems with new software could lead to various integration issues, resulting in faulty installations. Such challenges are expected to restrict the growth of the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
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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
• Detailed information on factors that will drive the growth of the commercial building automation systems market between 2022 and 2026
• Precise estimation of the size of the commercial building automation systems market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the commercial building automation systems market 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 about vendors
• Comprehensive analysis of factors that will challenge the growth of commercial building automation systems market vendors

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Related Reports:

• The building automation and control systems market size is estimated to grow by USD 31,125.12 million from 2022 to 2027. The market is segmented by end-user (commercial buildings, residential buildings, government buildings, and other buildings), type (integration and services), and geography (Europe, North America, APAC, Middle East and Africa, and South America).
• The smart buildings market is estimated to grow at a CAGR of 9.73% between 2022 and 2027. The size of the market is forecasted to increase by USD 46,123.2 million. The market is segmented by solution (software, hardware, and services), product (BMS, HVAC, lighting control, security and access control, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

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Table of contents:

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 abbreviation

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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