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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

Buy Now Report ID: 3588 | Published Date: Feb 07, 2023

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


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United States (U.S.) Commercial Building Automation Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Graph

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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.


Number of Commercial Buildings image
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Top Featured Companies Dominating the Market

top-features-companies
    • 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

In-the-news

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.


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Abhishek Verma, Hetal Singh


Key Questions Answered in the Report

1) What are the major factors driving the growth of the United States commercial building automation market?

Ans: The growing adoption of automation technology, and increasing number of commercial buildings are expected to boost the market growth.

2) What would be the CAGR of United States commercial building automation market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the United States commercial building automation market growth?

Ans: High investment requirement, and loss of employment opportunities are estimated to hamper the market growth.

5) Who are the major players dominating the United States commercial building automation market?

Ans: The major players in the market are Boston Dynamics, Locus Robotics Corp., Alphabet Inc., Berkshire Grey, Starship Technologies, iRobot Corporation, Genesis Systems, Fetch Robotics, Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the United States (U.S.) commercial building automation market?

Ans: The market is segmented by product type, technology, and by end-user.

8) Which segment captures the largest market size in technology segment in the United States (U.S.) commercial building automation market?

Ans: The wireless segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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