Global Commercial Building Automation Market Size study, by Technology (Wired Technology, Wireless Technology), by Application (Residential, Commercial, Office Buildings, Retail and Public Assembly Buildings, Hospitals and Healthcare Facilities, Airports

Global Commercial Building Automation Market Size study, by Technology (Wired Technology, Wireless Technology), by Application (Residential, Commercial, Office Buildings, Retail and Public Assembly Buildings, Hospitals and Healthcare Facilities, Airports and Railway Stations, Industrial) and Regional Forecasts 2022-2028

Global Commercial Building Automation Market is valued at approximately USD 70 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.00 % over the forecast period 2022-2028. Commercial Building Automation is automating the security of a building using video surveillance and biometric systems. A video surveillance system monitors and records the behavior and activities of people. Surveillance systems are deployed at airports, schools, office buildings, and so on. The growth in the construction industry and rise in adoption of automated security systems in buildings has led to the adoption of Commercial Building Automation across the forecast period. For Instance: As per Statista, the market size of the U.S. construction sector was valued at around 1.36 trillion U.S. dollars as of the end of 2020 and India plans to spend US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP), from 2019 to 2023, to ensure sustainable development in the country. Also, with the rise in government and stakeholder funding for developing smart cities and favorable government initiatives and incentives, the adoption & demand for Commercial Building Automation is likely to increase the market growth during the forecast period. However, false notions about high installation costs and technical difficulties and dearth of skilled experts impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Commercial Building Automation Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the industrial facilities including factories, production plants, distribution facilities, warehouses, and other infrastructures. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as economic growth in the region, along with a surge in construction and industrial activities would create lucrative growth prospects for the Commercial Building Automation Market across Asia-Pacific region.

Major market players included in this report are:

Honeywell international
Johnson controls
Trane technologies
Lutron electronics
Crestron electronics
Hitachi
Delta controls
Beckhoff automation
Lennox international
General Electric


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Wired Technology
Wireless Technology
By Application:
Residential
Commercial
Office Buildings
Retail and Public Assembly Buildings
Hospitals and Healthcare Facilities
Airports and Railway Stations
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Commercial Building Automation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Honeywell international
Johnson controls
Trane technologies
Lutron electronics
Crestron electronics
Hitachi
Delta controls
Beckhoff automation
Lennox international
General Electric

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