Press release
Commercial Building Automation Market Is Expected To Reach US$108.49 bn by 2024
Global Commercial Building Automation Market: Overview
One of the major factors driving the market for commercial building automation is increasing demand from key end user such as retail, healthcare, offices and hospitality sector among others. 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.
Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/195915
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. 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.
By geography, the commercial building automation market has been broken down into four regions namely North America, Europe, Asia-Pacific, and Rest of the World (RoW). Presently, North America held the major share of the market, followed by Europe, Asia Pacific and Rest of the World (RoW).
View Sample PDF @ https://www.marketresearchreports.biz/reports/195915/commercial-building-automation-global-market-research-reports.pdf
Global Commercial Building Automation Market: Key Trends
Government initiatives for constructing green buildings and rise in green building construction by several different companies are the major factors driving the market for commercial building automation market during the forecast period of 2016 – 2024. Green buildings are constructed using recycled waste resources from construction sites. Increased demand for green building materials has been observed in the residential buildings and office & commercial buildings segments. The other factors driving the market for commercial building automation market is increasing awareness about the advantages of green building which in turn boosting the commercial building automation market during the forecast period of 2016 - 2024.
Global Commercial Building Automation Market: Key players mentioned in the report
Key players profiled in this report include ABB Ltd. (Switzerland), Cisco Systems Inc. (United States), Honeywell International Inc. (United States), Hubbell Inc. (United States), Ingersoll Rand Plc. (Ireland), Johnson Controls International plc. (United States), Robert Bosch GmbH (Germany), Schneider Electric SE (France), United Technologies Corp. (United States) and Siemens AG (Germany).
The segments covered in the Commercial building automation market are as follows:
Global Commercial Building Automation Market: By Product Type
Power Supply
UPS
Battery Modules
Others
Interfacing Components
Router
Couplers
Others
Room Automation
I/O Module
Actuators & Actuators Module
Controllers
Others
HVAC Systems
Security and Surveillance
Illumination and Light Sensors
Others
Global Commercial Building Automation Market: By Material Type
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 and Remote Control
Monitoring, Reporting, Display
Others
Global Commercial Building Automation Market: By End Use Type
Offices
Retail
Hospitality Sector
Healthcare
Others
Global Commercial Building Automation Market: By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
Rest of the World (RoW)
Middle East
Latin America
Africa
Send An Enquiry Request @
https://www.marketresearchreports.biz/sample/enquiry/195915
Table of Content
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Highlights
Chapter 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms Used
2.2 Research Methodology
Chapter 3 Executive Summary
3.1 Market Snapshot
Chapter 4 Commercial Building Automation Market: Overview
4.1 Introduction
4.2 Key Trend Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.3.1 Growth in global construction industry
4.3.2 Rising demand for energy conservation and reduction of overall costs
4.3.3 Government Initiatives for Constructing Green Buildings
4.3.4 Increasing Demand from Key End User Segments
4.4 Market Restraints
4.4.1 Interoperability of internal systems and Slow ROI
4.4.2 Cyber threats on Internet connected building automation components
4.4.3 High installation cost
4.5 Market Opportunities
4.5.1 Opportunity Analysis
4.5.2 Implementing ‘Deep Learning’ in building automation components
4.5.3 Affordable building automation for small and medium sized buildings
4.6 Commercial Building Automation: Market Attractiveness Analysis
4.7 Market Share by Key Players (%),2015
4.7.1 Competitive Strategies Adopted by Leading Players, By Regions
Buy Now This Report From Here @ https://www.researchmoz.com/checkout?rep_id=195915&licType=S
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact
Mr. Nachiket
State Tower
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-621-2074
USA: Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
E: sales@marketresearchreports.biz
This release was published on openPR.
Permanent link to this press release:
Copy
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 Is Expected To Reach US$108.49 bn by 2024 here
News-ID: 854092 • Views: …
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in…
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume…
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with…
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is…
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…
commercial refrigerator
"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…
Commercial Building Automation Market - Boosting the Commercial Building Automat …
One of the major factors driving the market for commercial building automation is increasing demand from key end user such as retail, healthcare, offices and hospitality sector among others.
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…
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…
