Commercial Building Automation Market Size, Share, Trends, Growth and Forecast 2032

Commercial Building Automation Market Insights

According to a report from Zion Market Research, the global Commercial Building Automation Market was valued at USD 89.15 Billion in 2023 and is projected to hit USD 286.54 Billion by 2032, with a compound annual growth rate (CAGR) of 12.4% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Commercial Building Automation industry over the next decade.

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Introduction

Commercial building automation is the centralized control system that is mechanized and which regulates operations like air conditioning, lightning, heating, ventilation, and various other systems of buildings with the help of building automation technology. Furthermore, the main goal of deploying these commercial building automation systems is proficient functioning of the fitted system of the constructions & structures along with the need for mitigating the operational costs. In addition to this, growing requirement for energy conservation, need for addressing occupant’s comfort, and requirement for enhancing the lifespan of utilities will upsurge the market demand over the forthcoming years.

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Market Growth Dynamics

The humungous requirement for power-proficient commercial constructions is anticipated to steer the expansion of commercial building automation industry during the forecast timespan. Apart from this, technological breakthroughs including use of connected things in automation systems of edifices and acceptance of building automation protocols & building codes coupled with growing use of automation systems in structures will boost the market trends.

Furthermore, favorable government initiatives for construction of green structures will embellish the market expansion over the forecast timeline. Apart from this, huge demand for automating systems in buildings with small & medium size will further aggrandize the scope of the market in the years ahead.

Commercial Building Automation Market: Report Scope

North America Market To Establish Dominant Position Even During Forecast Period

The regional market growth over the forecast timeline is due to mounting need for augmenting energy efficiency along with need for shrinking operating costs in the countries like the U.S. and Canada. Apart from this, strict implementation of building codes by the authorities in these countries will proliferate the regional market expansion over the forecast timeline.

Key players influencing the market growth include-

• Hubbell Inc.
• ABB Ltd.
• Johnson Controls International plc
• Honeywell International Inc.
• Schneider Electric SE
• Robert Bosch GmbH
• Ingersoll Rand Plc
• Siemens AG
• Cisco Systems Inc.

The global commercial building automation market is segmented as follows:

By product type:

• Facility Management Systems
  • HVAC Control Systems
  • Lighting Control Systems
• Security and Access Control Systems
  • Biometric Systems
  • Video Surveillance Systems
• Fire Protection Systems
  • Fire Sprinklers
  • Fire Alarms
  • Sensors and Detectors
  • Others
• BAS Services
• Building Energy Management Software
• Others

By end-user:

• Hospitals and Healthcare Facilities
• Retail and Public Assembly Buildings
• Airports
• Railway
• Office Buildings

By deployment type:

• Cloud
• On-Premise

By communication technology:

• Wired Technologies
• Wireless Technologies

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa