Commercial Building Automation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Commercial Building Automation Market Analysis

The commercial building automation systems market is expected to grow at a CAGR of 8% over the forecast period (2021-2026). Government endeavors for developing green buildings and a rise in green building development by a few distinct organizations are the key points driving the market studied. Green buildings are developed using reused squander assets from development destinations. Expanded interest for green building materials was seen in private buildings and offices, as well as in commercial buildings sections.

• The market studied continues to have a solid performance due to several dynamic forces, such as a potential trade war, skilled talent shortages, and straining supply chains. Commercial building automation provides service in lighting control and regulation, blind and shutter control, energy and load management, security and fault monitoring, and temperature control and regulation.
• A growing number of commercial building construction activities, increasing demand for lowering operating costs in construction, and rising demand for comfort and satisfaction are expected to drive the market studied. Building automation has been around for many decades. However, due to factors, like energy conservation and mandates for green construction, new technologies have been introduced. The latest smart building solutions leverage new technologies, such as IoT, Big Data, cloud computing, data analytics, deep learning, and artificial intelligence, for the benefits of saving energy, reducing operational expenditures, increasing occupancy comfort, and meeting increasingly stringent global regulations and sustainability standards. For example, Aquicore, a performance management platform of real estate, recently launched a new energy optimization tool named 'optimal start time'. This tool uses a complex algorithm in factoring outdoor temperature, insulation levels, and equipment efficiency. Optimal start time enables buildings to quickly save operating costs without affecting the tenant's comfort. Moreover, the growing need for eco-friendly products may positively impact the commercial building automation market.

Commercial Building Automation Market Trends

This section covers the major market trends shaping the Commercial Building Automation Systems Market according to our research experts:

Growth in Global Green Building Market

Commercial Building Automation Industry Segmentation

This report aims to provide a detailed analysis of the commercial building automation systems market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights on various product and application types. Furthermore, it analyses the key players and the competitive landscape in the market studied.