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United States (U.S.) Commercial Building Automation Market Segmentation by Product Type (HVAC, Building Management Systems, Security Systems, Energy Management Systems, Lighting Management Systems and Others); by Technology (Wireless, Wire Control, and Others); and by End-User (Super Markets, Hospitality, Hospital, and Others) – Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Commercial Building Automation Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • July 19th, 2019: Robert Bosch GmbH announced that the company had planned to acquire the building automation solutions provider GFR - Gesellschaft für Regelungstechnik und Energieeinsparung mbH. GFR, which is headquartered in Verl, Germany, employs around 260 people at nine locations in Germany.

  • April 13th, 2021: Schneider Electric announced that it has released the latest version of its software-centric universal automation system, EcoStruxure Automation Expert. The released version 21.1 enables automation applications to be built using portable, asset-centric, proven-in-use software components without being dependent on the underlying hardware infrastructure.

United States (U.S.) Commercial Building Automation Market Highlights over 2022 – 2030

The United States (U.S.) commercial building automation market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing adoption of automation technology, backed by rapid technological advancements, and technically equipped population in the region. Moreover, with the surge in automation amongst the industries, the adoption of robots amongst these end-users have witnessed a magnificent growth.. Nationwide, there are about 0.35 robots per 1,000 human workers, however, these statistics are significantly higher in states, including, California, Texas, and Illinois.

United States (U.S.) Commercial Building Automation Market Graph

Besides this, the growing construction of commercial buildings in the United States, supported by rapid developmental activities, and growing urban population, are anticipated to boost the market growth. According to the data by the U.S. Energy Information Administration (EIA), the number of commercial buildings crossed 6 million in 2018, registering an annual growth of 6% across the country.

Number of Commercial Buildings image

Additionally, the area of these buildings is also increasing constantly, resulting in a rise in automation of the buildings. Almost every essential need of the building, from security and fire protection, to energy management are catered by automated systems. This not only ensures better performance, and lesser chances of oversight, but also reduces cost of human labor. Such factors are estimated to boost the market growth.CLICK TO DOWNLOAD SAMPLE REPORT

The market is segmented by product type into HVAC, building management systems, security systems, energy management systems, lighting management systems and others out of which, the security systems segment is anticipated to hold the notable share in the United States (U.S.) commercial building automation market over the forecast period on account of high prevalence of crimes, such as, homicide, robbery, and others. More than 350 crimes are reported per 100,000 individuals in the United States every year. On the basis of technology, the wireless segment is anticipated to gain significant market share during the forecast period, owing to the rapid development and adoption of cloud computing technology, along with presence of tech-savvy population in the country.

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Market Segmentation

Our in-depth analysis of the United States (U.S.) commercial building automation market includes the following segments:

By Product Type

  • HVAC
  • Building Management Systems
  • Security Systems
  • Energy Management Systems
  • Lighting Management Systems
  • Others

By Technology

  • Wireless
  • Wire Control
  • Others

By End-User

  • Super Markets
  • Hospitality
  • Hospital
  • Others

Growth Drivers

  • Increasing Adoption of Automation and Robotics
  • Mounting Construction of Commercial Buildings

Challenges

  • Loss of Jobs Due to Automation Technology
  • High Capital Investment in the Industry

Top Featured Companies Dominating the Market

  • Honeywell International Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Boston Dynamics
  • Locus Robotics Corp.
  • Alphabet Inc.
  • Berkshire Grey
  • Starship Technologies
  • iRobot Corporation
  • Genesis Systems
  • Fetch Robotics, Inc.
  • Turntide Technologies

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