Global Intelligent Building Automation Technologies Market Size is estimated to expand rapidly in coming years, at a CAGR of 11.8 % from 2018 to 2027. In 2017, the global market valuation was USD 75.6 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Due to factors including increased concerns about global warming, rising energy prices and growing vulnerability to energy conservation, the market has witnessed substantial growth. The demand will be powered further by increased use of renewable energy sources and rising consumer awareness of environmental protection.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2027
Building automation (BAS) systems combine lighting, power, safeguards and safety systems in one intuitive system that offers maximum performance with productivity and comfort for occupants. Awareness of the health and safety of people in existence should be created for the growth of the sector. The financial losses from natural or man-made disasters such as fluxes, earthquakes, terrorist attacks and building fires are becoming recognized.
Intelligent engineering for building automation is commonly employed by organizations since these technologies provide diverse applications such as lighting management, air conditioning and heat ventilation control, and building data analysis. The company focuses mainly on energy-reduction steps to switch on / off lamps, HVAC systems and other applications.
The growing need for enhanced security in smart buildings will also contribute significantly to the market growth of smart technology for building automation. A wide-ranging industry growth is expected to support the adoption of different construction automation protocols, the advancement of open-ended architecture, easy access to technological developments and the introduction of smart BASs in residences. Intelligent building automation systems measure and track building performance in terms of efficiency, comfort and productivity. Such systems are also used in micro-grid control residences.
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global intelligent building automation technologies market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global intelligent building automation technologies market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Component Insights: On the basis of component, global intelligent building automation technologies market has been segmented into hardware, software, and service. Smart building automation systems are a software and hardware network connected to each other, managing and tracking the building environment. Different hardware components are used, including actuators, controls and sensors. These devices ensure that HVAC systems are managed properly and are maintained within an acceptable r
Engineering services provide intelligent building automation engineering products. Such engineering services allow building management systems to run energy-efficiently, safely and economically. Higher operating costs, reduced energy use and improved performance benefit from implementation of smart design. In addition, the services segment is expected to increase over the forecast period.
By Application Insights: On the basis of application, global intelligent building automation technologies market has been segmented into residential, commercial, industrial. In 2018 it achieved the highest revenue in the commercial sector. Smart building automation technology leads to reducing energy costs, space management & maintenance by a large percentage in large commercial areas such as industrial areas, office parks, shopping malls, airports and seaports. Due to the increasing need for increased business building effectiveness and stringent energy consumption regulations, the application segment will continue to dominate the forecast era.
The intelligent building automation technologies market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2018, the European market was most regarded. EU directives, such as the Buildings ' Energy Quality Directive, may give rise to market growth, with the aim of enhancing building energy quality. In fact, the increased adoption of homeowners ' security systems will keep growth prospects alive. Increasing energy-efficient goods and smart grid services are also expected to drive regional growth during the forecast period in countries like France and Germany.
Global Intelligent Building Automation Technologies Market Size, Share Analysis by Region 2018-2027
Throughout emerging economies such as China and India, intelligent building automation technologies are expected to increase the growth of the Asian Pacific industry. In addition, government investment in the growth of clever cities in countries such as India, South Korea and China. In addition, in the coming years, enhanced network infrastructure would give market players competitive opportunities.
Global Intelligent Building Automation Technologies Market Study Objective
To forecast the market size of intelligent building automation technologies market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of intelligent building automation technologies market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate significant factors that will have a major impact on the growth of intelligent building automation technologies market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of intelligent building automation technologies market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
To provide detailed analysis of competitive and strategic developments in the intelligent building automation technologies market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
ABB, Azbil Corporation, Eaton, General Electric, Ingersoll Rand plc., Siemens Building Technologies Inc., Schneider Electric, Honeywell International Inc., Hubbell Inc., Johnson Control, Rockwell Automation Inc., and United Technologies Corporation are some of the key players in the market of intelligent building automation technologies. In order for companies to become marketplaces, they are undertaking strategic initiatives in both developed and developing countries, such as fusions and acquisitions, new product development and risk capital investments. Industries invest in technological solutions to improve distribution, front end sales and service to customers.
Global Intelligent Building Automation Technologies Market Study Report Offer You!
The global intelligent building automation technologies market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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