The commercial building automation systems market is expected to be driven by factors such as demand for comfort and foolproof security systems. The market size is estimated to grow by USD 18.97 billion, at a CAGR of 8.98%, from 2021 to 2026.
Market Dynamics
The demand for comfort and foolproof security systems is one of the key factors driving the global commercial building automation systems market growth. The demand for advanced HVAC systems and security devices such as CCTV cameras has increased. For instance, in July 2021, Hikvision enhanced its offering of professional video surveillance cameras with ColorVu imaging technology that provides color images in virtually any lighting conditions, including zero-light environments. These factors will increase the implementation of building automation systems in the commercial sector during the forecast period.
Challenges in integrating building automation software coupled with interoperability issues will hinder the global commercial building automation systems market growth. As the building size increases, the number of sub-systems and the related complexity of the overall system also rise. The automation systems integrate multiple pieces of equipment and appliances, which makes the interface more complex. In addition, integrating existing legacy systems with new and complicated software may lead to various integration issues. Moreover, ensuring interoperability while switching from one network to another is a challenge. Such factors are expected to hinder the market from growing during the forecast period, despite having huge potential.
Company Profiles
Some of the companies covered in this report 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., etc.
Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
By application, the market is classified into wired and wireless. The wired segment will contribute the largest share of the market. The rapid adoption of technological advances in controlled wired devices will drive the growth of the market in focus through this segment.By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa. APAC will have the largest share of the market. The rapid growth in the industrial sector, which has led to an increase in the demand for commercial office spaces, will drive the commercial building automation systems market growth in APAC during the forecast period.
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.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by TechnologyExhibit 06: Executive Summary – Chart on Incremental GrowthExhibit 07: Executive Summary – Data Table on Incremental GrowthExhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystemExhibit 09: Parent marketExhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definitionExhibit 11: Offerings of vendors included in the market definition3.2 Market segment analysisExhibit 12: Market segments3.3 Market size 20213.4 Market outlook: Forecast for 2021-2026Exhibit 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 summaryExhibit 17: Five forces analysis – Comparison between 2021 and 20264.2 Bargaining power of buyersExhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 20264.3 Bargaining power of suppliersExhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 20264.4 Threat of new entrantsExhibit 20: Threat of new entrants – Impact of key factors in 2021 and 20264.5 Threat of substitutesExhibit 21: Threat of substitutes – Impact of key factors in 2021 and 20264.6 Threat of rivalryExhibit 22: Threat of rivalry – Impact of key factors in 2021 and 20264.7 Market conditionExhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Technology
5.1 Market segmentsExhibit 24: Chart on Technology – Market share 2021-2026 (%)Exhibit 25: Data Table on Technology – Market share 2021-2026 (%)5.2 Comparison by TechnologyExhibit 26: Chart on Comparison by TechnologyExhibit 27: Data Table on Comparison by Technology5.3 Wired – Market size and forecast 2021-2026Exhibit 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 2021-2026Exhibit 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 TechnologyExhibit 36: Market opportunity by Technology ($ billion)
8 Drivers, Challenges, and Trends
8.1 Market drivers8.2 Market challenges8.3 Impact of drivers and challengesExhibit 83: Impact of drivers and challenges in 2021 and 20268.4 Market trends
9 Vendor Landscape
9.1 Overview9.2 Vendor landscapeExhibit 84: Overview on Criticality of inputs and Factors of differentiation9.3 Landscape disruptionExhibit 85: Overview on factors of disruption9.4 Industry risksExhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors coveredExhibit 87: Vendors covered10.2 Market positioning of vendorsExhibit 88: Matrix on vendor position and classification10.3 ABB Ltd.Exhibit 89: ABB Ltd. – OverviewExhibit 90: ABB Ltd. – Business segmentsExhibit 91: ABB Ltd. – Key offeringsExhibit 92: ABB Ltd. – Segment focus10.4 Carrier Global Corp.Exhibit 93: Carrier Global Corp. – OverviewExhibit 94: Carrier Global Corp. – Business segmentsExhibit 95: Carrier Global Corp. – Key newsExhibit 96: Carrier Global Corp. – Key offeringsExhibit 97: Carrier Global Corp. – Segment focus10.5 Emerson Electric Co.Exhibit 98: Emerson Electric Co. – OverviewExhibit 99: Emerson Electric Co. – Business segmentsExhibit 100: Emerson Electric Co. – Key newsExhibit 101: Emerson Electric Co. – Key offeringsExhibit 102: Emerson Electric Co. – Segment focus10.6 General Electric Co.Exhibit 103: General Electric Co. – OverviewExhibit 104: General Electric Co. – Business segmentsExhibit 105: General Electric Co. – Key newsExhibit 106: General Electric Co. – Key offeringsExhibit 107: General Electric Co. – Segment focus10.7 Honeywell International Inc.Exhibit 108: Honeywell International Inc. – OverviewExhibit 109: Honeywell International Inc. – Business segmentsExhibit 110: Honeywell International Inc. – Key newsExhibit 111: Honeywell International Inc. – Key offeringsExhibit 112: Honeywell International Inc. – Segment focus10.8 Johnson Controls International PlcExhibit 113: Johnson Controls International Plc – OverviewExhibit 114: Johnson Controls International Plc – Business segmentsExhibit 115: Johnson Controls International Plc – Key newsExhibit 116: Johnson Controls International Plc – Key offeringsExhibit 117: Johnson Controls International Plc – Segment focus10.9 Mitsubishi Electric Corp.Exhibit 118: Mitsubishi Electric Corp. – OverviewExhibit 119: Mitsubishi Electric Corp. – Business segmentsExhibit 120: Mitsubishi Electric Corp. – Key newsExhibit 121: Mitsubishi Electric Corp. – Key offeringsExhibit 122: Mitsubishi Electric Corp. – Segment focus10.10 Phoenix Contact GmbH and Co. KGExhibit 123: Phoenix Contact GmbH and Co. KG – OverviewExhibit 124: Phoenix Contact GmbH and Co. KG – Product / ServiceExhibit 125: Phoenix Contact GmbH and Co. KG – Key offerings10.11 Schneider Electric SEExhibit 126: Schneider Electric SE – OverviewExhibit 127: Schneider Electric SE – Business segmentsExhibit 128: Schneider Electric SE – Key newsExhibit 129: Schneider Electric SE – Key offeringsExhibit 130: Schneider Electric SE – Segment focus10.12 Siemens AGExhibit 131: Siemens AG – OverviewExhibit 132: Siemens AG – Business segmentsExhibit 133: Siemens AG – Key newsExhibit 134: Siemens AG – Key offeringsExhibit 135: Siemens AG – Segment focus
11 Appendix
11.1 Scope of the report11.2 Inclusions and exclusions checklistExhibit 136: Inclusions checklistExhibit 137: Exclusions checklist11.3 Currency conversion rates for US$Exhibit 138: Currency conversion rates for US$11.4 Research methodologyExhibit 139: Research methodologyExhibit 140: Validation techniques employed for market sizingExhibit 141: Information sources11.5 List of abbreviationsExhibit 142: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
This article was shared with Prittle Prattle News as a Press Release by PRNewswire.
