About Intelligent Building Automation Technologies
Intelligent building involves the installation and use of advanced and integrated building technology systems. These building automation comprise of life safety, telecommunications, user systems, and facility management systems. Smart buildings identify and reflect the technological advancements and convergence of building systems. Smart buildings offer actionable information about a building or space within a building to allow the building owner or tenant to manage the building or space.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Intelligent Building Automation Technologies 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.
Siemens Building Technologies (Switzerland), Schneider Electric SE (France), Rockwell Automation Inc. (United States), Johnson Controls International plc (United States), Ingersoll-Rand Plc (Ireland), Honeywell International Inc. (United States), General Electric Company (United States), Eaton Corporation Plc (Ireland), Azbil Corporation (Japan), ABB group (Switzerland), Delta Controls (Canada) and LARSEN & TOUBRO LIMITED. (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Building Automation Technologies market by Type (Security Systems, Life Safety Systems, Facility Management Systems and Building Energy Management Systems), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Intelligent Building Automation Technologies 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 Components, the sub-segment i.e. Hardware will boost the Intelligent Building Automation Technologies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Need for Energy Efficient Interventions in Infrastructure and Growth in Penetration of Internet of Things (IoT) In the Building Management System
Market Growth Drivers:
Requirements for Sound Infrastructure and Rising Implementation of Technology in the Buildings
Challenges:
Complexity of Interoperability between Different Connected Buildings
Restraints:
High Technical Barriers and Includes High Investment Cost
Opportunities:
Increasing Investment by Government for Smart Cities
Market Leaders and their expansionary development strategies
On April 12, 2019 The Carlyle Group and Schneider Electric has extended the partnership to develop Critical Infrastructure projects. The partnership is designed to develop new and innovative infrastructure projects meeting the growing need for sustainable investment in critical assets and services.
On February 6, 2019 Siemens Foundation has launched new training program to fill building technology industry skills gap. Siemens Foundation has collaborated with Siemens Building Technologies and the Association of Controls Professionals (ACP). Together, the organizations will create community college training programs and develop career pathways into local K-12 systems, both aligned to new, non-proprietary industry certifications under development by ACP.
Key Target Audience
Technology Providers, Research Institutes, Industry Associations, Network Providers and Governmental Bodies
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.