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Global Commercial Building Automation Market to reach USD 119.97 billion by 2028

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

Product Code: OIRBC-52112086
Publish Date: 30-04-2022
Page: 200

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Commercial Building Automation Market, by Region, 2020-2028 (USD Billion)
1.2.2. Commercial Building Automation Market, by Technology, 2020-2028 (USD Billion)
1.2.3. Commercial Building Automation Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Commercial Building Automation Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Commercial Building Automation Market Dynamics
3.1. Commercial Building Automation Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growth in the construction industry
3.1.1.2. Rise in adoption of automated security systems in buildings
3.1.2. Market Challenges
3.1.2.1. False notions about high installation costs
3.1.2.2. Technical difficulties and dearth of skilled experts
3.1.3. Market Opportunities
3.1.3.1. Rise in government and stakeholder funding for developing smart cities
3.1.3.2. Favourable government initiatives and incentives
Chapter 4. Global Commercial Building Automation Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Commercial Building Automation Market, by Technology
6.1. Market Snapshot
6.2. Global Commercial Building Automation Market by Technology, Performance – Potential Analysis
6.3. Global Commercial Building Automation Market Estimates & Forecasts by Technology, 2019-2028 (USD Billion)
6.4. Commercial Building Automation Market, Sub Segment Analysis
6.4.1. Wired Technology
6.4.2. Wireless Technology
Chapter 7. Global Commercial Building Automation Market, by Application
7.1. Market Snapshot
7.2. Global Commercial Building Automation Market by Application, Performance – Potential Analysis
7.3. Global Commercial Building Automation Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
7.4. Commercial Building Automation Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Office Buildings
7.4.4. Retail and Public Assembly Buildings
7.4.5. Hospitals and Healthcare Facilities
7.4.6. Airports and Railway Stations
7.4.7. Industrial
Chapter 8. Global Commercial Building Automation Market, Regional Analysis
8.1. Commercial Building Automation Market, Regional Market Snapshot
8.2. North America Commercial Building Automation Market
8.2.1. U.S. Commercial Building Automation Market
8.2.1.1. Technology breakdown estimates & forecasts, 2019-2028
8.2.1.2. Application breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Commercial Building Automation Market
8.3. Europe Commercial Building Automation Market Snapshot
8.3.1. U.K. Commercial Building Automation Market
8.3.2. Germany Commercial Building Automation Market
8.3.3. France Commercial Building Automation Market
8.3.4. Spain Commercial Building Automation Market
8.3.5. Italy Commercial Building Automation Market
8.3.6. Rest of Europe Commercial Building Automation Market
8.4. Asia-Pacific Commercial Building Automation Market Snapshot
8.4.1. China Commercial Building Automation Market
8.4.2. India Commercial Building Automation Market
8.4.3. Japan Commercial Building Automation Market
8.4.4. Australia Commercial Building Automation Market
8.4.5. South Korea Commercial Building Automation Market
8.4.6. Rest of Asia Pacific Commercial Building Automation Market
8.5. Latin America Commercial Building Automation Market Snapshot
8.5.1. Brazil Commercial Building Automation Market
8.5.2. Mexico Commercial Building Automation Market
8.6. Rest of The World Commercial Building Automation Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Honeywell international
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Johnson controls
9.2.3. Trane technologies
9.2.4. Lutron electronics
9.2.5. Crestron electronics
9.2.6. Hitachi
9.2.7. Delta controls
9.2.8. Beckhoff automation
9.2.9. Lennox international
9.2.10. General Electric
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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