Global Commercial Building Automation Market

Commercial Building Automation Market Size, Share, Growth Analysis, By Product(HVAC, Building Management Systems, Security and Access Control Systems, Energy Management Systems), By Entreprise Size(Small, Medium and Large), By Communication Technology(Wired and wireless technology), By Region - Industry Forecast 2025-2032


Report ID: SQMIG20C2062 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Commercial Building Automation Market Insights

Commercial Building Automation Market size was valued at USD 91.88 Billion in 2023 and is poised to grow from USD 101.16 Billion in 2024 to USD 218.44 Billion by 2032, growing at a CAGR of 10.1% during the forecast period (2025-2032).

The global commercial building automation market has been experiencing significant growth, driven by several key factors including increasing demand for energy-efficient solutions, advancements in Internet of Things (IoT) technology, and the growing emphasis on sustainable building practices. Building automation systems (BAS) play a crucial role in optimizing energy usage, enhancing occupant comfort, and streamlining building operations.

One of the primary drivers of market growth is the rising awareness among building owners and operators regarding the benefits of automation in reducing energy consumption and operational costs. With sustainability becoming a top priority for businesses worldwide, there's a growing adoption of BAS to monitor and control various building systems such as HVAC (heating, ventilation, and air conditioning), lighting, security, and access control.

These systems enable proactive management of energy usage through features like occupancy sensors, scheduling, and real-time monitoring, thereby contributing to cost savings and environmental conservation efforts. 

Moreover, technological advancements in IoT and cloud computing have revolutionized the commercial building automation landscape. Integration of sensors, actuators, and other IoT devices into BAS enables remote monitoring and control of building systems from centralized platforms or mobile applications.

This connectivity facilitates data-driven decision-making, predictive maintenance, and optimization of building performance in real-time. Additionally, the emergence of smart building solutions, leveraging artificial intelligence (AI) and machine learning algorithms, further enhances the intelligence and autonomy of building automation systems, enabling adaptive and responsive control based on changing environmental conditions and occupancy patterns.

The commercial building automation market is characterized by intense competition and a rapidly evolving technological landscape. Key players in the industry are continually investing in research and development to innovate new solutions and stay ahead of the curve. Partnerships and collaborations between building automation companies and technology providers are also on the rise, fostering interoperability and the development of comprehensive solutions that meet the diverse needs of commercial building owners and operators.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Commercial Building Automation Market size was valued at USD 83.46 billion in 2022 and is poised to grow from USD 91.88 billion in 2023 to USD 198.40 billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).

A wide and varied array of companies offering a wide range of products and services makes up the competitive landscape of the commercial building automation market. In order to meet the evolving needs of the commercial real estate sector, these firms are continuously working to innovate and provide comprehensive solutions. They are captured in intense competition in areas such as lighting controls, smart HVAC systems, energy management solutions, and security and access control. To expand market reach and enhance the range of product offerings, many players in the market employ partnerships and collaborations as common strategies. 'Honeywell International (US)', 'Trane Technologies (US)', 'Hubbell (US)', 'Schneider Electric (France)', 'Legrand (France)', 'Mitsubishi Electric (Japan)', 'Lutron Electronics (US)', 'Crestron Electronics (US)', 'Beckhoff Automation (Germany)', 'Osram (Germany)', 'Siemens AG (Germany)', 'ABB (Switzerland)', 'Robert Bosch (Germany)', 'Johnson Controls (US)', 'Carrier (US)', 'Eaton Corporation (US)', 'Ingersoll Rand (Ireland)', 'Delta Controls (Canada)', 'Sauter AG (Switzerland)', 'Danfoss (Denmark)'

firms and companies worldwide are now heavily committed to reducing their operating costs and carbon footprint. Through features like smart lighting, HVAC control, and energy management, building automation systems offer an effective solution to optimize energy consumption. The adoption of these technologies has been largely affected by incentives and regulations that promote eco-friendly practices and energy savings. The demand for commercial building automation continues to rise as a result of environmentally conscious goals becoming more prominent across industries, making it a major driver of market growth.

Smart Building Integration: The increasing focus on smart building integration is one of the traditionally dominant trends that mold the commercial building automation market. For the smooth integration of various automation systems such as HVAC, lighting, security, and energy management, building owners and operators are seeking in-depth solutions. The need for improved energy efficiency, data-driven decision-making, and centralized control drives this trend. The creation of truly interconnected and intelligent commercial spaces is being greatly helped by Internet of Things (IoT) technologies, cloud computing, and data analytics, offering enhanced operational efficiency and occupant comfort.

The commercial building automation market has been traditionally dominated by North America for several reasons, such as its high level of awareness regarding the importance of energy efficiency and sustainability, early adoption of advanced technologies, and a dynamic commercial real estate sector. With a mature market and a significant number of commercial buildings equipped with automation systems, the United States, in particular, has been a major driver of market growth in the region. Canada’s focus on the innovation of cutting-edge building automation solutions also largely contributes to the North American market,

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Commercial Building Automation Market

Report ID: SQMIG20C2062

$5,300
BUY NOW GET FREE SAMPLE