Intelligent Building Automation Market: Industry, Size, Share, Growth, Trends and Forecast, 2019–2029 July 2020 Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
Market Segmentation Intelligent Building Automation Market
By Component Hardware Software Service
By Product 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 & Africa
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Chapter 02
Market Purview Impact of COVID-19 on the market
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Executive Summary (1/8) Overview The global intelligent building automation technologies market size was valued at USD 68.7 billion in 2018 and is expected to gain traction over the forecast period. The market has witnessed considerable growth owing to factors such as growing concerns over global warming, rising energy prices, and increasing awareness regarding energy conservation. Rising use of renewable energy sources and increasing awareness among consumers about environmental protection will further drive the intelligent building automation technologies (IBAT) market. Building automation systems (BAS) integrate lighting, energy, safety, and security systems into one intuitive system, which balances optimum efficiency with productivity and occupant comfort. Growing awareness for life safety and security among the population is expected to favor market growth. People are becoming aware of financial losses incurred due to natural or man-made calamities such as floods, earthquakes, terrorist attacks, or construction fires. For instance, according to the U.S. Fire Administration, in 2018 alone there were 5,610,000 fire incidents with losses up to USD 23 billion However, lack of awareness among end users and high initial investments may pose a challenge for growth over the forecast period. Also, technical difficulties related to intelligent building automation technologies operation may hinder market growth.
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Impact of COVID-19 on the market North America
Component Product Application Covid 19 Impact Post Covid19
Europe
Component Product Application Covid 19 Impact Post Covid19
Asia Pacific
Middle East & Africa
Component Product Application Covid 19 Impact Post Covid19
Component Product Application Covid 19 Impact Post Covid19
Latin America
Component Product Application Covid 19 Impact Post Covid19
Analysis
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Executive Summary (3/8) Table 2.1: Intelligent Building Automation Market Overview Parameters Intelligent Building Automation Market Value (US$ Bn) By Component Segment with Largest Value (US$ Bn)
2018 (H)
2029 (F)
68.7
XXX.X
XX: XXX.X
XX: XXX.X
By Component Segment with Highest CAGR (%)-2019-2029 By Product Type Segment with Largest Value (US$ Bn)
XX: CAGR- XX.X XX: XXX.X
By Product Type Segment with Highest CAGR (%)-20192029 By Application Segment with Largest Value (US$ Bn)
By Application Segment with Highest CAGR (%)-2019-2029
Source: Prophecy Market Insights
XX: XXX.X XX: CAGR- XX.X
Commercial : 28.2
XX: XXX.X
XX: CAGR- XX.X
To be Continued … Copyright © PROPHECY MARKET INSIGHTS 2019, All Rights Reserved
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Executive Summary (4/8) Table 2.2: Intelligent Building Automation Market Overview Parameters By Region with Largest Value (US$ Bn) By Region with Highest CAGR (%)-2019-2029
Key Market Players:
2019 (E)
2029 (F)
Europe: 17
Europe : XXX.X Asia-Pacific: CAGR- XX.X
ABB; Azbil Corporation; Eaton; General Electric; Ingersoll Rand plc.; Siemens Building Technologies Inc.; Schneider Electric; Honeywell International Inc.; Hubbell Inc.; Johnson Control; and Rockwell Automation Inc.
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Executive Summary (5/8) Description
Figure 2.1: Intelligent Building Automation Market Value Share (%), By Component – 2019 (E)
Increasing need for enhanced security and safety in intelligent buildings is also expected to considerably contribute to intelligent building automation technologies market growth. Adoption of various protocols of building automation, development of open-ended architecture, easy access to technological developments, and implementation of intelligent BAS in residences are expected to support industry growth on a large scale. On the basis of component, the IBAT market is segmented into hardware, software, and service. Intelligent building automation technologies are an interconnected network of software and hardware, which controls and monitors the building facility environment.
Ha rdwa re
Softwa re
XX.X% Servi ce
Figure 2.2: Intelligent Building Automation Market Value Share (%), By Product Type – 2019 (E)
On the basis of product, the intelligent building automation technologies market is segmented into security systems, life safety systems, facility management systems, and building energy management systems (BEMS). The security systems segment significantly contributed to market growth in 2018 and is expected to grow at a steady rate.
Securi ty Systems XX.X%
Li fe Safety Systems Fa ci l i ty Ma na gement Systems Bui l di ng Energy Ma na gement System
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