What is Commercial Building Automation Market Scope?
Commercial building automation commands heating, lighting, ventilation, security and other important systems through building management systems. It helps in the efficient operation of building systems, reduces energy consumption, improves comfort and eases the management activities of infrastructure. This automation is the future of the electrical industry and with an increase in construction and development activities in developing countries, the demand for commercial building automation is expected to rise in the forecasted year. According to Pacific Northwest National Laboratory (PNNL), the energy consumed by a commercial building can be reduced by 29% if used.
The Commercial Building Automation market study is being classified by Type (Building Energy Management System, Security and Access Control Systems, HVAC Systems and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Commercial Building Automation market throughout the predicted period.
Cisco Systems (United States), Hubbell Incorporated (United States), ABB Ltd (Switzerland), Honeywell International Inc. (United States), Robert Bosch GmbH (Germany), Johnson Controls International plc (United States), Schneider Electric (France), Ingersoll-Rand plc (Ireland), Siemens AG (Germany) and United Technologies Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Emerson Electric Co (United States) and General Electric (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Commercial Building Automation market by Type, Application and Region.
On the basis of geography, the market of Commercial Building Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 28 January 2019, Hubbell Incorporation has announced development and improvement in its kV2c commercial and industrial electric meters which decreases the need to change meters on a high voltage and can overcome the overvoltage safely.
Influencing Market Trend
- Increasing Uptake of LED Technology
- Continuous Research and Development Activities
Market Drivers
- Need for High Level of safety, Monitoring Activity, and Energy Efficient Commercial Building
- Need for Automation in Small and Medium-Sized Buildings
Opportunities
- Introduction of Wireless Automated System
- Surging Investment and Government Initiatives for Green Buildings
Restraints
- High Cost of Operating, Maintaining and Installing these Automated Systems
- Lack of various Macroeconomic Factors in some countries are hampering the growth of the Commercial Building Automation Market
Challenges
- Lack of Skilled Labours might lead to Increased Construction Complexities
- Growing Volatility in Raw Material Prices may Prevail Supply-Demand Fluctuations
Key Target Audience
Commercial Building Automation Investors, Commercial Building Automation Service Providers, Building Automation Equipment Manufacturers, Building Automation Distributors and Traders, Building Automation Associations, Government Agencies, Research and Development Institutes, Financial Institutes and Venture Capitals and Others
Customization available in this Study:
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