Commercial Building Automation | CAGR of 4.3% by 2018-24 : Booming Construction Industry and Strict Government Policies to Drive Market Growth
Press
Release - 21 Mar 2018
Global
Research and Development News
--
.
.
Report
Description-
'
'
– 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.
'
'
– 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).
–
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
.
.
– More
Clear Details get Table of Contents
https://www.researchmoz.us/commercial-building-automation-market-global-industry-analysis-share-drivers-restraints-growth-and-forecast-2013-2019-report.html/toc
..
Comments
Post a Comment