Commercial building automation market
The commercial building automation systems market is undergoing a rapid transformation after years of moderate growth. Increasing investment, government initiatives encouraging green buildings and the rising uptake of LED technology mean growth is likely to continue.
The global commercial building automation market can be considered in terms of; products, applications, communication protocols, and the regional markets.
- Based on products, the market is categorised as; markets for HVAC, building management systems, security and access control systems, energy management systems, and lighting management systems.
- By application, residential, office, retail, and healthcare are the major markets.
- Based on the communication protocol, the markets are for; LonWorks, BACnet, KNX, Metasys N2, Modbus, oBIX, and C-Bus
- On a regional basis, the market is spread across North America, Asia Pacific, Europe, and the Rest of the World.
Growth has been generated by advances in security-related solutions and energy efficiency, as well as the revival of the construction industry since the economic crisis of 2008-09. The increase in capital funding and the uptake of advanced technologies such as sensing, embedded computing, and communications is expected to trigger additional development of this market.
The U.S., France, India and China are the leading regional markets in North America, Europe, and Asia, respectively. Among the various product types in the market, the market for security and access control systems dominates.
Although the market is reporting impressive growth, the lack of a skilled workforce and high installation costs are expected to constrain growth.
The market for commercial building automation systems is a concentrated industry and is dominated by a few major players, including; Johnson Controls, Siemens, Schneider Electric, and Honeywell. Other prominent players of this market are Cisco systems Inc., ABB Ltd., Royal Philips Electronics N.V., Daintree Networks Inc., Robert Bosch GmbH, and United Technologies Corp.
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