About Intelligent Building System
Intelligent building is a dynamic architecture which offers every occupant with productive Features. This features are cost-effective and environmentally approved. Basic elements of building like place, process are well defined in this intelligent building system. They comprise of structured and automated services fabric, structure, facilities, automation, control and systems. They control and creates building structure which provides an environment which is flexible, effective, comfortable and secure. It is widely used for constructing apartments, museums, corporate offices, hospitals, malls, university campuses, and outdoor areas. This building is offers co-operation of smart objects and systems, and for ubiquitous interaction with frequent and sporadic visitors.
Attributes | Details |
---|
Study Period | 2017-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.0% |
The market of Intelligent Building System is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Intelligent Building System for efficient automation in many features of smart building. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Intelligent Building System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Siemens (Germany), Bosch (United States), Honeywell (United States), Cisco (United States), BuildingIQ (United States), CopperTree Analytics (Canada), Hitachi (Japan), IBM (United States), Johnson Controls (Ireland), Legrand (France), Huawei (China), Schneider Electric (Germany) and Telit Communications Plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are L&T Technology Services (India), Spaceti (Czechia) and Pointgrab Ltd (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Building System market by Type (Building Energy Management, Security & Safety Management, Energy Consumption Management, Infrastructure Assistance and Others) and Region.
On the basis of geography, the market of Intelligent Building System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Building Type, the sub-segment i.e. Residential will boost the Intelligent Building System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Intelligent Building System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Augmenting Preference for Energy Consumption Management over Others
Market Growth Drivers:
Rising Expenditure of Modular Construction & Building Industry, Growing Demand & Adoptions for Green Infrastructure and More focus on Energy Efficient Constructions for Industrial Building
Challenges:
High Cost Requirement
Restraints:
Less Technologically Developed Infrastructure in Middle East and Asia Pacific Countries
Opportunities:
Growing Technological Advancements with IoT and Automation in Building Infrastructure and Increasing Investment for Smart City Projects
Market Leaders and their expansionary development strategies
In January 2023, ABB unveiled its ABB Cylon Smart Building Management Systems for the Middle East region at the Light Middle East and Intelligent Building Middle East 2023 event.
In January 2019, Adesto Technologies has launched predictive energy analytics for smart buildings. Company has launched this analytics with collaboration of the IBM’s Watson IoT platform. With this launch, company is able to provide insights for energy consumption management, planning and operations with analytics on IBM Watson IoT platform.
Key Target Audience
Intelligent Building System Manufacturers, Raw Material Suppliers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.