03-15-2019 06:49 AM CET - IT, New Media & Software

Intelligent Building Automation Technologies Insights on Trends, Drivers and Opportunities by 2023 & key players Siemens Building Technologies Inc. (Switzerland), Schneider Electric (France), Honeywell International Inc. (U.S.), Johnson Control Inc. (U.S.

Press release from: Research Cosmos
PR Agency: research cosmos

Intelligent Building Automation Technology Size and Growth Rate:
According to the research report, the Intelligent Building Automation Technologies will register an 8.2% CAGR in terms of revenue; reach US$ 90000 million by 2023, from US$ 56000 million in 2017.

Intelligent Building Automation Technology Overview:
Intelligent building Automation technology (IBAT) allows users to review and monitor building performance by improving not only the efficiency and performance of energy use in the building, but also by increasing productivity, providing comfort and supporting the efforts of sustainability. IBAT contributes to the optimization of energy consumption and operating costs. It offers many features such as ventilation, lighting management, heating, digital power grids and air conditioning management, building data analysis, micro-network management, automatic fault detection and automatic response on demand.

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Intelligent Building Automation Technology Drivers and Restraints:
It is expected that the growing need to improve the safety and security of smart buildings will significantly increase the growth of the sector. The adoption of several building automation protocols, the development of an open architecture, easy access to technological developments and the implementation of intelligent systems in residential infrastructure should support the growth of the sector on a large scale.

However, the lack of knowledge of the end user and a high initial investment can be a challenge for growth during the forecast period. The trivialization of the systems and the development of a complete evaluation model can be an opportunity for the main players. The use of IP communication and the convergence of the Internet of things and automation technologies are opening new avenues for the development of such systems in the commercial, residential and industrial sectors.

Intelligent Building Automation Technology Geographical Analysis:
It is expected that developed regions, such as North America and Europe, are the most important markets in terms of turnover due to the significant investments in infrastructure and service security, as well as an increase in technological change in these regions. The Asia-Pacific region is expected to accelerate further with the adoption of intelligent building automation technology in emerging economies such as China and India.

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Intelligent Building Automation Technology Key Players:
Siemens Building Technologies Inc. (Switzerland), Schneider Electric (France), Honeywell International Inc. (U.S.), Johnson Control Inc. (U.S.) and United Technologies Corporation (U.S.) are some of the prominent vendors in the market. Other key vendors include ABB Limited (Switzerland), Azbil Corporation (Japan), Eaton Corporation (Ireland), General Electric (U.S.), Ingersoll Rand Inc. (U.S.), among others.

Intelligent Building Automation Technology Segmentation
By Type
• Security Systems
• Life Safety Systems
• Facility Management Systems
• Building Energy Management System

By Application
• Residential
• Commercial
• Industrial

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and disclose the hidden opportunities in every leading industry of the world.

Kevin Stewart
Global Sales Manager
Research Cosmos
Blog: acutemarketinsights.com
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