A New Market Study, titled “Intelligent Building Automation Technologies Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
This report provides in depth study of “Intelligent Building Automation Technologies Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Intelligent Building Automation Technologies Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The intelligent building automation technologies market is expected to reach USD 95.95 billion by 2022 according to a new report by Grand View Research, Inc. The intelligent building automation technology is an interconnected network of hardware and software that monitors and controls the building facility environment. The building automation system aids in the seamless operation of Heating, Ventilating, and Air-Conditioning (HVAC), electricity, lighting and plumbing systems, as well as the security and life safety systems of a facility. The increasing awareness regarding the workplace safety and security, a shift toward green and smart buildings, and improving the comfort level of the occupants through enhanced safety and security are a few of the major factors that are expected to fuel the demand for the Intelligent Building Automation Technologies Market.
Key manufacturers are included based on company profile, sales data and product specifications etc.:
ABB, Azbil Corporation
Johnson Controls Inc.
Siemens Building Technologies
Bosch Security Systems
Ingersoll Rand Inc.
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With urbanization at an all-time high, more and more town are turning into cities. In turn, more and more cities are turning into smart cities. With this in mind, intelligent building automation technologies have become a must for the overall effective operation, management and safety of buildings. In simple terms, the sea refer to an interspersed network of hardware and software components. These are used to help monitor and control any building facility. Building these automation systems ensure that your building has the state-of-the-art security as well as the smooth operation of heating, ventilation, and air conditioning, i.e., HVAC, 24-hour electricity, lighting, and efficient plumbing systems.
These are essential system for any building, be it a housing, office, or a public space, such as a shopping mall or an entertainment centre. Oftentimes, managing the seamless operation of these systems in such situations require a lot of manpower. This means hiring different professionals or companies for a range of services. This process can be time-consuming and on top of that, it can also run into high expenditure. With an intelligent building automation technology, the job becomes easier to manage and control. It is also more cost-effective, since it is a technology that assists in the optimization of the usage of energy and resources. By using it, one can keep close tabs on the performance of a building in terms of its optimal productivity, comfort, and sustainability. In the near future, the need for energy efficiency, growing energy costs, and the much-needed use of renewable energy would be the main factors driving the global market. The report published in HeyReport on the global intelligent building automation technologies market revealed the growth to be at a notable pace. The valuation of the intelligent building automation technologies market was further stated to surpass its previous valuation.
The global intelligent building automation technologies market has been segmented in terms of type and applications.
By application, the market segments into industrial, residential, and commercial. The commercial segment is expected to showcase massive growth in the coming years, strictly due to the rising adoption of these technology across various commercial sites.
By application, the market comprises Building Energy Management Systems, Security Systems, Facility Management Systems, Life Safety Systems, and others.
The global intelligent building automation technologies market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The regional segmentation of the market reveals North America as a key geographic territory for these technology. The regional market for intelligent building automation technologies is expected to gain increasing growth in the forthcoming years.
Major Key Points in Table of Content
1 Global Market Overview
2 Regional Market
3 Key Manufacturers
4 Major Application
5 Market by Type
6 Price Overview
7 ConclusionFig Global Intelligent Building Automation Technologies Market Size and CAGR 2013-2018 (Million USD)
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