Commercial Building Automation Market - Boosting the Commercial Building Automation Market
According to UNEP (United Nations Environment Program), buildings contribute to about one third of the total greenhouse gas emissions, mainly due to the usage of fossil fuels.
In addition, a slow but gradual evolution of IoT sensors based technology has resulted in the emergence of solutions which are significantly more intelligent and have the ability to analyze granular aspects of buildings such as space utilization, gauging occupant’s comfort levels and similar derive business intelligence.
Global Commercial Building Automation Market: Segmentation
Power supply, interfacing components, room automation, HVAC systems, security & surveillance, illumination & light sensors and others sectors are the various product types of the commercial building automation market.
The power supply market is further segmented into UPS, battery modules and others. The interfacing components is further sub segmented into router, couplers and others.
The room automation is further being sub segmented into I/O module, actuators & actuators module, controllers and others. Based on the various product types of commercial building automation, the HVAC systems segment constituted the biggest market share, followed by the security and surveillance segment, in 2015.
Heating, ventilation and air-conditioning (HVAC) System is a technology used in building automation for vehicular and indoor environmental comfort.
Request A Sample Of This Report:
The heating, ventilation and air-conditioning (HVAC) are largely served in offices, healthcare, retail and hospitality sector among others, therefore, it holds the largest market among all the segments in the commercial building automation market.
By type of material, the market is divided into lighting control and regulation, interfacing and inter-working with other building systems, blind and shutter control , temperature control and regulation, energy and load management, security and fault monitoring, visualization & remote control and monitoring, reporting, display.
In 2015, based on material types, the temperature control and regulation segment held the largest market share followed by the lighting control and regulation segment.
The commercial building automation market has been segmented on the basis of end use into offices, retail, hospitality sector, healthcare and others. The retail segment constituted the largest market share, followed by the offices segment, in 2015.
The major reason for this growth is attributed to the ability of commercial building automation to raise profit by reducing energy and operating costs in retail shops. In addition, adoption of building automation in retail stores makes life easier.
It not only smoothens the management of the retail store regulating system, such as temperature and light, but also provides a host of other services such as video surveillance, HVAC services, easier energy management, and efficient security system.
Moreover, the use of building automation in retail shops represented the largest market share in the global commercial building automation market in 2015. This is primarily due to an increase in the use of building automation in enclosed malls and individual shops.
Commercial building automation in retail stores has a number of uses, such as providing security to the owner of parked cars, to conserve energy and offering a great ambience.
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Commercial Building Automation Market - Boosting the Commercial Building Automation Market here
News-ID: 440444 • Views: 723
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for Commercial
Global Commercial Aircraft Market, Global Commercial Aircraft Industry, Covid-19 …
North America was the largest region in the global commercial aircraft market, accounting for 60% of the market in 2019. Asia Pacific was the second largest region accounting for 15% of the Global Commercial Aircraft Market. Eastern Europe was the smallest region in the global commercial aircraft market. Aircraft fleets in mature markets around the world are aging rapidly and with growing demand from airlines and fleet operators for fuel-efficient aircrafts,
Commercial Vehicles Market Report 2018: Segmentation by Type (Light Commercial V …
Global Commercial Vehicles market research report provides company profile for Volkswagen, Honda, Nissan, Peuggeot, FIAT, Foton, Dongfeng Motor, BMW, Daimle, Toyota, General Motors, Ford and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
"On the initiative of Şeyda Yalçın, buzrefrigeration which is based on Buzçelik brand (1982); began to serve refrigeration sector to provide products and consultancy in Buzcelik Company located in Konya Industry Area. Our company, which owns commercial refrigerators, industrial cooling systems, shop and market equipments and commercial ovens, having developed its portfolio in a short time has delivered service quality to all world, especially Israel, England, Tunisia, Lebanon, France, Germany. " "On
Commercial Refrigeration Equipment Market : Demand for Commercial Refrigeration …
Commercial refrigeration equipment are refrigerators with remote or self-contained condensing units. These refrigerators are designed especially for commercial use with a wide range of temperature control (typically from -18°C to +10°C). Commercial refrigerators are largely used for food and beverage storage and merchandising purposes. Commercial refrigeration equipment is expected to witness strong demand globally, especially due to growing frozen and processed food consumption. Commercial refrigeration equipment is commonly used at
CPR Commercial, LLC Announces Commercial Real Estate Distressed Solution Program
CPR Commercial, LLC is pleased to announce the CREDS, or Commercial Real Estate Distressed Solution program. This program is designed for distressed borrowers who desire to avoid foreclosure on the COMMERCIAL properties they own, OR who simply want out for personal reasons. According to Don McClain, President and CEO of CPR Commercial, the company will acquire the property via a short sale purchase transaction OR acquire the mortgage
Leading Commercial Real Estate Solutions Company Seeks Commercial Investment Opp …
CPR Commercial, LLC announces that commercial investment opportunities are currently being sought nationwide. The company, based in Houston, Texas with offices in Charlotte and Los Angeles, is the nation's leading commercial real estate debt resolution company. Owners of commercial properties can be saved from foreclosure or repossession through effective exit strategies. Many commercial properties are now under water due to a 46% depreciation on average in commercial