Intelligent Building Automation Technologies Market 2017-2024: Key Players Are Siemens Building Tech

The global intelligent building automation technologies market generated $61.2 billion in 2017 and is anticipated to grow at a CAGR of 7.7% during the forecast period.

The intelligent building automation technology controls building operations to offer improved efficiency and performance. These are energy efficient buildings with focus on energy efficiency and renewable energy generation. It also offers improved productivity and sustainability by maintaining comfort levels throughout the infrastructure.

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This subsequently assists in reducing operational costs and optimizing energy usage. The IBAT comprises safety systems, security systems, facility management systems and building energy systems, HVAC, fire safety, explosive detectors, car parking management, and other applications.

The demand for intelligent building automation technologies has increased over the years owing to growing environmental awareness among consumers. Rising energy costs, and depletion of traditional fuel sources has increased the adoption of Intelligent Building Automation Technologies. The increasing need for energy efficiency, supportive government initiatives, and growing awareness supports the growth of the market. Additionally, the integration of IoT with building automation technology would boost the market growth. Growing demand from emerging economies along with technological advancement is expected to provide numerous growth opportunities in the coming years.

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Intelligent Building Automation Technologies Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

North America generated the highest revenue in 2017 owing to introduction of supportive government regulations and growing environmental concerns. The growing need to improve building efficiency while reducing operation costs boosts the intelligent building automation technologies market growth in the region. The increasing demand from commercial buildings, public structures, and educational institutes has accelerated the adoption of intelligent building automation technologies in the region.

Competitive Landscape and Key Vendors

The global intelligent building automation technologies market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The key companies operating the intelligent building automation technologies market include Siemens Building Technologies Inc., General Electric, Johnson Controls Inc, ABB Ltd., Eaton Corporation, Rockwell Automation, Ingersoll Rand Inc., Schneider Electric, Honeywell International, and Delta Controls.

Key Segments

Type

• Security Systems
• Life Safety Systems
• Facility Management Systems
• Building Energy Management Systems
• Others

End-User

• Residential Buildings
• Commercial Buildings
• Manufacturing Facilities
• Public Infrastructure
• Others

Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa

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