Emergency Call- 24/7 support
Home » ICT » ICT Services » IIC-6360717
* For discount/customization and buying a particular chapter click here or write to us at email@example.com
Intelligent building automation technology permits the users to control and examine the building activity by not only improving performance and efficiency of energy, which is utilized in buildings nevertheless aids in increasing productivity, offers support sustainability efforts and comfort across the organization. Intelligent building automation technology benefits in the optimization of operating costs and energy usage. It provides several functionalities such as lighting management, ventilation, heating, digital energy networks, and air conditioning management, micro-grid management, buildings data analytics, automated demand response and automated fault detection. Global intelligent building automation technology is growing with a CAGR of around 4.8% during forecast period (2016-2023). Major driving factor of global Intelligent building automation technologies market is initiatives taken by the government, demand of energy efficient buildings and lessening in co2 emission, surging demand for integrated security and safety systems and increasing implementation of IOT platforms in building automation technology. Moreover, initial cost of deployment is high and difficulties in upgrading or substituting the legacy systems are the major restraining factor of the global intelligent building automation technology market.
Intelligent buildings, particularly in connection with cloud computing and Internet of Things are rising due to increasing investments in the technology-driven ecosphere. It delivers novel intelligent building automation technology solutions for managing buildings and businesses in more efficient manner. Numerous businesses adopt intelligent building technology which supports on problems such as operational efficiency and space utilization, hence the smart building industry is enduring to raise to encounter new demands. For example; In 2017, Digital lumens the market leader in sensor-based smart building applications launches SiteWorx™ cloud-based platform, to develop smart building growth. Moreover, increasing implementation of IOT platforms in building automation technology drive the global Intelligent building automation technology market. Internet-connected devices communicate and collect data for analysis, IoT-enabled intelligent building solutions are scalable, interoperable and secure. It helps in open communications in building space, assisting with improved integration possibilities and reduced costs. Smart commercial buildings are expected be vital users of Internet of Things till 2017, afterward smart homes are expected to take lead with more than 1 billion connected things in 2018.
Source: OBRC Analysis
The report on global intelligent building automation technologies market includes products and applications.
Product segment is segmented into:
Application segment of global Intelligent building automation technologies includes:
The report scope is widely categorized on the basis of its products which include security systems, life safety systems, facility management systems, and building energy management system. Moreover, the market revenue estimates and forecast includes hardware and software solutions.
Global intelligent building automation technologies market report has been geographically segmented in:
North America accounts for highest revenue share in 2016. Due to high investments in infrastructure services and security along with rising developments in technology. Moreover, Asia Pacific intelligent building automation technologies market is expected to be fastest growing market owing to the acceptance of IBAT(Intelligent Building Automation technology) in developing economies such as India and China. Smart buildings are set to raise across Asia Pacific to accomplish their carbon footprint and energy demand in cities. Demand for intelligent building automation technologies is rising as governments and companies across the Asia Pacific are looking forward to adopt measures related to green energy. Moreover, government agencies in Asia have on track to certify their buildings with international standards for instance the United States’ green building certification programme termed as Leadership in Energy and Environmental Design (LEED).
Global intelligent building automation technologies market report covers segmentation analysis of product and application. Segments of product segment includes, security systems, life safety systems, facility management systems and building energy management system. Application segment is divided into commercial residential, industrial. In the residential segment, intelligent building automation technology is adopted for security enhancement and to reduce administrative costs. For example, property owners can use the data collected by occupancy and motion sensors for lighting and controlling air-conditioning in real time. Demand for energy reduction and conservation in the overall operating costs is high in commercial infrastructures, hence, the commercial segment is anticipated to lead the demand for intelligent building automation technology.
Major market players of the global intelligent building automation technologies market are:
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, product launch is the key strategy adopted by the companies in intelligent building automation technologies market.
For example: Automated Logic which is a part of UTC climate, control and security, a unit of united technologies corporation in 2016, releases novel Version of WebCTRL® building automation system. The robust web-based building automation platform features new visualization tools, Open Automated Demand Response (ADR) and mobile support capability to additional aid and manage building energy conservation measures, recognize key operational problems.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in Intelligent building automation technologies market.
Key reason to buy the report:
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global Intelligent building automation technologies market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the intelligent building automation technologies market, with giving extensive SCOT analysis of key companies.
Key findings of the global intelligent building automation technologies market: