Key players profiled in this report are Azbil Corporation, Eaton Corporation, General Electric, Honeywell, Ingersoll Rand, Johnson Controls Inc., Rockwell Automation, Schneider Electric, Siemens Building Technologies, Tyco International, Echelon, Bosch Security Systems and Ingersoll Rand Inc.
Houston, TX -- (SBWIRE) -- 06/14/2018 -- The Global Intelligent Building Automation Technologies is valued at $63.48 billion in 2015 and is expected to grow at a CAGR of 4.8% to reach $88.27 billion by 2022. Growing need for improved security and safety in intelligent buildings, implementation of these systems in residential buildings and adoption of different protocols of building automation are some of the factors driving the market growth. Moreover, a tax benefit provided by the government to developers is also further fueling the market growth. On the other hand, lack of professional labor, absence of uniformity in the deployment of technology and huge initial investments has been the key issues in the market growth.
Life safety systems segment is poised to witness the quick growth owing to the existence of several features such as emergency service during fire and earthquakes. Facilities management systems segment is estimated to generate more revenue to the market. Furthermore, demand for physical security systems is anticipated to grow on a huge scale. North America and Europe are the major markets in terms of revenue owing to large investments in building security and services coupled with rising technological developments in the regions. Asia-Pacific is anticipated to gain market traction due to the adoption of these technologies in developing countries such as China and India.
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Some of the key players in global Intelligent Building Automation Technologies market are ABB,
Azbil Corporation, Eaton Corporation, General Electric, Honeywell, Ingersoll Rand, Johnson Controls Inc., Rockwell Automation, Schneider Electric, Siemens Building Technologies, Tyco International, Echelon, Bosch Security Systems and Ingersoll Rand Inc.
Applications Covered: HVAC (Heating, Ventilating, and Air Conditioning), Fire & Life Safety, Lighting, Building Management Systems, Energy, Explosive Detectors, Security & Access Control Systems, Screening Solutions, Car Park Management Services, Other Applications
Products Covered: Life Safety Systems, Physical Security Systems, Facilities Management Systems
Technologies Covered: Computing hardware, Networking equipment, Computing software, Computing and network services
Services Covered: Life Safety Service, Physical Security Service, Facilities Management Service
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This study estimates the factors that are boosting the development of the global intelligent Building Automation Technologies market. On the basis of key principles segments such as end-users, application, product, technology, and region are surveyed comprehensively of the global intelligent Building Automation Technologies market. The thorough examination has been done in this report to bring about the share and position of global intelligent Building Automation Technologies market. In the report, the complete analysis of the growth revenue is offered.
The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global intelligent Building Automation Technologies market. In this reports for the future. The reports offer the opportunities and restraint that may hit in the future for the market players. Through this report, consumers can easily get the notion for their growth of global intelligent Building Automation Technologies products in the market.