Global Intelligent Building Automation Technologies (IBAT) Market, By Offering (Facility Management Systems, Security and Access Controls, Fire Protection Systems, Building Energy Management Software Building Automation System Services and Others), Communication Technology (Wired Technology ,Wireless Technology), Application (Residential, Commercial, Office Buildings, Retail and Public Assembly Buildings ,Hospitals and Healthcare Facilities, Airports and Railway Stations, Industrial) – Industry Trends and Forecast to 2029
Market Analysis and Size
The main ideal of strategic request analysis is to help associations of all sizes make business opinions specifically related to strategy and help them decide which areas they need to ameliorate and which are formerly performing well. The crucial factors impacting the growth of the intelligent structure automation technologies (IBAT) request have been examined in the report study. The role of intelligent building automation technologies (IBAT) is to incorporate the modern technologies such as wired technology and wireless technology.
Data Bridge Market Research analyses that the intelligent building automation technologies (IBAT) market value, which was USD 85.41 billion in 2021, is expected to reach the value of USD 176.53 billion by 2029, at a CAGR of 9.50% during the forecast period 2022-2029. The intelligent building automation technologies (IBAT) market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Market Definition
The intelligent building or home automation is the centralized control of the automated building’s lighting, HVAC, access control, IoT devices, security systems, software, and other such integrated systems. The intelligent building automation technologies (IBAT) provides faster, easier and more convenient interface to manage the documents and data associated with the organizational information and human resources.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Offering (Facility Management Systems, Security and Access Controls, Fire Protection Systems, Building Energy Management Software ,BAS Services and Others), Communication Technology (Wired Technology ,Wireless Technology), Application (Residential ,Commercial ,Office Buildings ,Retail and Public Assembly Buildings ,Hospitals and Healthcare Facilities ,Airports and Railway Stations ,Industrial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Johnson Controls. (Ireland), Raytheon Technologies Corporation (US) ,Honeywell International Inc. (US) ,Schneider Electric (France) ,Siemens (Germany), Ingersoll Rand, (US), ABB Ltd, (Switzerland), Azbil Corporation. (Japan), Hubbell. (US)
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Market Opportunities
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Intelligent Building Automation Technologies (IBAT) Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Rise in adoption of automated security systems in buildings
Building automation technologies help in automating the security of a structure using videotape surveillance and biometric systems. A videotape surveillance system observers and records the behaviour and conditioning of people. Surveillance systems are stationed at airfields, seminaries, office structures, and so on. Several governments have made it obligatory to install these systems for the protection of public places and critical structure owing to the growing focus on security issues due to adding terrorist attacks and felonious conditioning.
Opportunities:
- Favorable government initiatives and incentives
Several governments play an essential part in energy savings and supporting enterprise toward reducing carbon emigrations. Several governments have formulated regulations and programs to ameliorate energy effectiveness and reduce a structure’s footmark.
Restrictions/ challenges:
- False notion about high installation costs of building automation systems
Building automation technologies help in saving energy and reducing operating and conservation costs. Still, end druggies and structure possessors vacillate to apply structure automation systems due to their false perception that the installation costs of these systems are high. Also, they're ignorant of the fact that the cost is primarily dependent on the complexity of integration pertaining to a specific operation. End druggies demand affordable structure automation systems but fail to realize the extent of the energy savings and the associated benefits of long- term cost savings.
- Presence of different communication protocols
The power of erecting automation systems lies in synchronization and communication among various outfit used in the overall system. Communication protocols play a vital part in icing the proper integration of various bias and outfit for the smooth functioning of building automation system . Still, the lack of common open communication protocols may lead to the use of different protocols by these bias.
This intelligent building automation technologies (IBAT) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the intelligent building automation technologies (IBAT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Intelligent Building Automation Technologies (IBAT) Market
Before COVID-19, real estate investments generated stable cash inflow and returns for players operating in this sector encyclopaedically. Still, the outbreak and the spread of the COVID-19 led to quick changes in this script, with the real estate sector witnessing significant impact of the contagion. The real sector in the US, Europe, and APAC has been impacted significantly by the epidemic. This has affected the growth of the structure automation system request as these topographies are the largest consumers of erecting automation systems
Recent Developments
- In June 2020, Honeywell partnered with SAP SE to ameliorate the performance of structures in terms of energy effectiveness by integrating pall- grounded business and functional technology data. This data provides commercial companies, real estate possessors, and structure drivers with aggregate fiscal and functional intelligence for their portfolios.
- In August 2020, Siemens launched Desigo PXC4 for HVAC shops and Desigo PXC5 for the function and integration of HVAC systems. These new generation Desigo erecting automation regulators help automate small and medium-sized structures to get the most flexible and scalable structure automation.
- In August 2020, Johnson Controls acquired the remaining stake in QolsysInc., a leading domestic and structure automation result and smart home inventor. This accession is anticipated to enhance the long- term growth openings for broad pall- enabled IoT fire safety results of the company.
Intelligent Building Automation Technologies (IBAT) Market Scope
The intelligent building automation technologies (IBAT) market is segmented on the basis of
offering, communication technology, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Offering
- Facility Management Systems
- Security and Access Controls
- Fire Protection Systems
- Building Energy Management Software
- Building Automation System Services
- Others
Communication Technology
- Wired Technology
- Wireless Technology
Application
- Residential
- Commercial
- Office Buildings
- Retail and Public Assembly Buildings
- Hospitals and Healthcare Facilities
- Airports and Railway Stations
- Industrial
Intelligent Building Automation Technologies (IBAT) Market Regional Analysis/Insights
The intelligent building automation technologies (IBAT) market is analysed and market size insights and trends are provided by country, offering, communication technology, and application as referenced above.
The countries covered in the intelligent building automation technologies (IBAT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market owing to the prevalence of advanced technologies. Further, Asia-Pacific will score the highest CAGR owing to the developing IT infrastructure.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Intelligent Building Automation Technologies (IBAT) Market Share Analysis
The intelligent building automation technologies (IBAT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to intelligent building automation technologies (IBAT) market.
Some of the major players operating in the intelligent building automation technologies (IBAT) market are:
- Raytheon Technologies Corporation (US)
- Honeywell International Inc. (US)
- Schneider Electric (France)
- Siemens (Germany)
- Johnson Controls. ( Ireland)
- Ingersoll Rand, (US)
- ABB Ltd, (Switzerland)
- Azbil Corporation. (Japan)
- Hubbell. (US)
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