Intelligent Evacuation System Market Size, Outlook, Prominent Players, Share, Challenges and Forecast 2027

The latest report published by IMARC Group, titled "Intelligent Evacuation System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The global intelligent evacuation system market reached a value of US$ 674.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 950.82 Million by 2027, exhibiting a CAGR of 5.70% during 2022-2027.

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Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2021
• Historical Period: 2016-2021
• Forecast Period: 2022-2027

An intelligent evacuation system is an emergency management system that uses advanced technology to detect and respond to emergencies. It uses a combination of sensors, algorithms, and communication technologies to provide real-time information and guidance to building occupants during an emergency evacuation. It offers numerous advantages, including faster response times, more accurate information, notifying personnel, and better guidance as compared to traditional emergency management systems. At present, it finds extensive application in stairs, elevators, sky-bridges, high-rise buildings, industrial plants, shopping malls, and movie theaters across the globe.

Market Trends:

Rapid urbanization and the growing concerns about safety and security in workplaces currently represent one of the key factors positively influencing the market across the globe. In addition, governments of various countries are imposing stringent security and safety regulations in public spaces. This coupled with the increasing adoption of smart building technologies, such as sensors, automation systems, and communication technologies for providing better and more efficient emergency management is bolstering the market growth.

Moreover, the increasing usage of wireless communication technologies, including Wi-Fi and Bluetooth that assists in faster and more reliable communication during emergencies are fueling the market growth. Furthermore, the rising awareness about the benefits of intelligent evacuation systems is stimulating the growth of the market.

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Intelligent Evacuation System Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global intelligent evacuation system market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• ABB Ltd
• Automated Logic Corporation (Carrier Global Corporation)
• Beckhoff Automation GmbH & Co. KG
• Honeywell International Inc.
• Johnson Controls International Plc
• Eaton Corp. Plc
• Hochiki Corporation
• Legrand
• Robert Bosch GmbH
• Siemens AG.

Key Market Segmentation:

The report has segmented the global intelligent evacuation system market based on deployment, end users and region.

Breakup by Deployment:
• Voice Evacuation System
• Mass Notification System
• Emergency Lighting

Breakup by End Users:
• Commercial
• Industrial
• Residential

Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Key Questions Answered in This Report:
• How has the global intelligent evacuation system market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global intelligent evacuation system market?
• What are the key regional markets?
• What is the breakup of the market based on the deployment?
• What is the breakup of the market based on the end users?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global intelligent evacuation system market and who are the key players?
• What is the degree of competition in the industry?

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
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State: NY
Country: United States

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.