Commercial Building Automation Market Trends, and Forecast, 2021-2031

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Commercial Building Automation Market to Partake Signi몭cant Development during 2031 By Transparency Market Research Published February 11, 2022

The global commercial building automation market is growing at a signi몭cant rate as the need for energy-e몭cient buildings is increasing. Companies and governments of various regions have shifted their focus on constructing green buildings which have led to the growth of the commercial building automation market. Various initiatives such as mergers and acquisitions, launching improved products, and penetrating into new markets played a crucial role in the development of the commercial building automation market. The market is highly fragmented owing to the presence of large number of regional players. Few of the prominent players operating in the global commercial building automation market include Honeywell International Inc. (U.S), ABB Ltd. (Switzerland), Ingersoll Rand Plc. (Ireland), Robert Bosch GmbH (Germany), Hubbell Inc. (U.S), Siemens AG (Germany), Johnson Controls International plc. (U.S), Schneider Electric SE (France), and Cisco Systems Inc. (U.S) among others. Get a sample copy at: https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=S&rep_id=2070 The commercial building automation market was valued at US$77.63 billion in 2016 and is anticipated to reach at US$108.49 billion by the end of 2024 globally. The market is expected to grow at a CAGR of 4.3% steadily during the forecast period. According to product segment, the global commercial building automation market is bifurcated into interfacing components, HVAC systems, light sensors,

power supply, security & surveillance, and room automation. Among these, HVAC system segment is likely to dominate the market in the forecast period. As per material, temperature and lighting control segments are expected to retain their positions in the forecast period 2015-202 too. The global commercial building automation market is divided into different regions which include Europe, North America, Asia Paci몭c, and some other regions. Europe and North America are anticipated to hold the majority market share throughout the forecast period. Energy-e몭ciency and cost-effectiveness is one of the main driving factors for the growth of commercial building automation market in North America and Europe. Also, Asia Paci몭c is expected to grow at a signi몭cant rate owing to the increasing demand for this market. commercial building automation market

Construction Sector to Drive the Global Building Automation Market at a Signi몭cant Rate The global commercial building automation market is expanding and is expected to see lucrative growth due to the continuous developments in construction sector. With the rising economic growth, demand for construction projects has increased across the globe. Regions such as Middle East and Africa possess a powerful base in terms of commercial building automation and therefore, is estimated to drive the market growth in the coming years. Rapid development in the construction sector has also led to reduce volumes of materials coupled with less use of power. Adding to this, the governments have imposed various strict guidelines over the effective utilization of resources as environmental pollution has been increasing over past few years. This is estimated to positively impact the commercial building automation development in the coming years. Low Investment Return and High-value to Restrict Growth of Commercial Building Automation Market Although the market is growing worldwide yet there are some challenges faced by commercial building automation system. The cost involved in maintaining, operating, and installing these systems is higher. Due to these high costs, the new entrants are 몭nding it di몭cult to penetrate into the market. Also, the low rate of return is impeding the adoption of commercial building automation to the end-

users. In the coming years, this factor is predicted to create some issues for the small players in the commercial building automation market globally. Have any queries? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=EB&rep_id=2070 The aforementioned information is comprised into Commercial Building Automation Market (Products – Power Supply, Interfacing Components, Room Automation, HVAC Systems, Security and Surveillance, and Illumination and Light Sensors; Materials – 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 and Monitoring, Reporting, and Display; End Users – O몭ces, Retail, Hospitality Sector, and Healthcare) – Global Industry, Size, Share, Growth, Trends and Forecast 2016 – 2024 Key segments of the 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 By End-Use Type O몭ces Retail Hospitality Sector Healthcare Others Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=2070&ltype=S About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail 몭exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni몭ed market intelligence engine. Sign Up for a 7 day free trial! Contact Rohit Bhisey

Transparency Market Research USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Blog: https://tmrblog.com/ Follow Us: Twitter | LinkedIn

In this article: Commercial Building Automation Market Analysis, Commercial Building Automation Market Demands, Commercial Building Automation Market Forecasts, Commercial Building Automation Market Growth, Commercial Building Automation Market Key Players, Commercial Building Automation Market Manufacturers, Commercial Building Automation Market Opportunities, Commercial Building Automation Market Overview, Commercial Building Automation Market Report, Commercial Building Automation Market Research, Commercial Building Automation Market Share, Commercial Building Automation Market Size, Commercial Building Automation Market Trends , Latest Industry News

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