Commercial Building Automation Market to Partake Signi몭cant Development during 2031 By Transparency Market Research Published February 11, 2022
The global commercial building automation market is growing at a signi몭cant rate as the need for energy-e몭cient buildings is increasing. Companies and governments of various regions have shifted their focus on constructing green buildings which have led to the growth of the commercial building automation market. Various initiatives such as mergers and acquisitions, launching improved products, and penetrating into new markets played a crucial role in the development of the commercial building automation market. The market is highly fragmented owing to the presence of large number of regional players. Few of the prominent players operating in the global commercial building automation market include Honeywell International Inc. (U.S), ABB Ltd. (Switzerland), Ingersoll Rand Plc. (Ireland), Robert Bosch GmbH (Germany), Hubbell Inc. (U.S), Siemens AG (Germany), Johnson Controls International plc. (U.S), Schneider Electric SE (France), and Cisco Systems Inc. (U.S) among others. Get a sample copy at: https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=S&rep_id=2070 The commercial building automation market was valued at US$77.63 billion in 2016 and is anticipated to reach at US$108.49 billion by the end of 2024 globally. The market is expected to grow at a CAGR of 4.3% steadily during the forecast period. According to product segment, the global commercial building automation market is bifurcated into interfacing components, HVAC systems, light sensors,