The intelligent
building automation technologies market is expected to reach USD
98.95 billion by 2024 according to a new report by Grand View Research, Inc.
The intelligent building automation technology is an interconnected network of
hardware and software that monitors and controls the building facility
environment. The building automation system aids in the seamless operation of
Heating, Ventilating, and Air-Conditioning (HVAC), electricity, lighting and
plumbing systems, as well as the security and life safety systems of a
facility. The increasing awareness regarding the workplace safety and security,
a shift toward green and smart buildings, and improving the comfort level of
the occupants through enhanced safety and security are a few of the major factors
that are expected to fuel the demand for the Intelligent Building Automation
Technologies Market.
The Intelligent Building Automation Technologies
Market is expected to grow rapidly owing to the numerous benefits that it
provides, such as increased energy efficiency, greater occupant comfort and
productivity, and increasing government initiatives. The growing trend of
sustainability and energy conservation are expected to boost the adoption of
the building automation technology in the market.
The use of IP-based communication and the convergence
of Internet of Things (IoT) and automation technologies are opening new avenues
for the development of building automation systems across the commercial,
residential, and industrial segments over the forecast period. As the need for
energy conservation and reduction in the overall operating costs is high in
commercial infrastructures, this segment is expected to lead the demand for
building automation. The increasing demand for automated HVAC and life safety
in the healthcare and hospital infrastructures are driving the automated
building systems market.
The increasing demand for security and life safety
systems in the education, hospitality, and large commercial complexes is
expected to further boost the adoption of the building automation technology in
these infrastructures. Moreover, the need for energy cost saving and building
code compliance would aid the growth of the building automation market.
Browse full research report on Intelligent Building Automation Technologies Market: www.grandviewresearch.com/industry-analysis/intelligent-building-automation-technologies-market
Further
key findings from the report suggest:
- The recent developments in the web-based communication and the
emergence of open protocols for communication in the automation system
network are helping the systems in terms of interoperability and
establishing standards for the wireless and Ethernet-based communication.
The resulting capabilities would help the vendors to better serve the
needs of diverse system users.
- The Zero Net Energy (ZNE) building concepts are gaining traction
around the world with a greater emphasis on energy saving. This creates
numerous opportunities for the building automation systems market to grow
in different verticals.
- 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. The other key vendors include ABB Limited
(Switzerland), Azbil Corporation (Japan), Eaton Corporation (Ireland),
General Electric (U.S.), and Ingersoll Rand Inc. (U.S.), among others.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/green-building-materials
Grand
View Research has segmented the Intelligent Building Automation Technologies
Market has been segmented on the basis of product, application, and region:
Intelligent
Building Automation Technologies Market Product Outlook (Revenue, USD Million,
2015 - 2024)
- Security
Systems
- Life Safety
Systems
- Facility
Management Systems
- Building
Energy Management Systems
Intelligent
Building Automation Technologies Market Application Outlook (Revenue, USD
Million, 2015 - 2024)
- Residential
- Commercial
- Industrial
Intelligent
Building Automation Technologies Market Regional Outlook (Revenue, USD Million,
2015 - 2024)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment