A collective share of 39.1% permitted three players in the global commercial building automation market to take lead in the year 2015. Siemens AG, ABB Ltd., and United Technologies Corp, each enjoyed vital tactical advantage in the global market for commercial building automation in 2015 through numerous avenues such as mergers and acquisitions, tapping the unexplored markets of emerging economies in the world, and launching enhanced products. The remaining market across the globe for commercial building automation showed high levels of fragmentation at the mentioned time, with the existence of a large pool of regional players in the market.

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According to the research report published by Transparency Market Research, the global market for commercial building automation is reached an overall valuation of US$77.63 in the year 2016. This market valuation is expected to grow and touch the figure worth US$108.49 bn over the course of the given forecast period of 2016 to 2024 in terms of generation of revenue. The overall growth rate for the development of the global commercial building automation market is expected to show an impressive CAGR of 4.3% throughout the given period of forecast of 2016 to 2024. The extent of competition in the global market is projected to grow even more over the coming years of forecast period due to the aggressive expansion tactics adopted by the leading companies along with numerous lucrative opportunities emerging in the market that will attract new players in terms of swift growth.

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