Worldwide Intelligent Building Automation Technologies Market Technological Advancement, Competitive Strategies And Forecast 2026 | Growth By Top Key Players - Siemens Building Technologies Inc., General Electric, Johnson Controls Inc

According To The Latest Market Report Published By The Company Titled ‘Intelligent Building Automation Technologies Market: Global Industry Analysis and Forecast, 2018 – 2026,’ The Global Intelligent Building Automation Technologies Market Is Projected To Reach US$ 118.7 Bn By The End Of 2026 And 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. 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.

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Leading Key Players

1. Siemens Building Technologies Inc.
2. General Electric
3. Johnson Controls Inc
4. ABB Ltd.
5. Eaton Corporation
6. Rockwell Automation
7. Ingersoll Rand Inc.
8. Schneider Electric
9. Honeywell International
10. Delta Controls.

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.

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.

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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.

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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

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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This release was published on openPR.