Rhode Island Chronicle

Intelligent Building Automation Technologies Market Challenges, Innovation By Experts And Ongoing Research In Industrial Applications 2019-2025 | Grand View Research, Inc.

 Breaking News
  • No posts were found

Intelligent Building Automation Technologies Market Challenges, Innovation By Experts And Ongoing Research In Industrial Applications 2019-2025 | Grand View Research, Inc.

April 02
13:44 2020
Intelligent Building Automation Technologies Market Challenges, Innovation By Experts And Ongoing Research In Industrial Applications 2019-2025 | Grand View Research, Inc.

Intelligent Building Automation Technologies Market – Global Intelligent Building Automation Technologies Industry Growth, Analysis, Size, Share, Forecast, Outlook, Segmentation, Production Capacity, Competitive Strategies, Regional Outlook from 2019 to 2025
The global intelligent building automation technologies market size was valued at USD 64.7 billion in 2018 and is expected to gain traction over the forecast period.

The global intelligent building automation technologies market size is expected to reach USD 105.2 billion by 2025, registering a CAGR of 7.0% from over the forecast period, according to a new study conducted by Grand View Research, Inc. Rising awareness regarding sustainability in the wake of increasing effects of global warming is expected to drive demand for intelligent building automation technologies (IBAT) over the forecast period. In addition, technological advancements such as internet of things (IoT) and artificial intelligence (AI) are expected to boost market growth.

Growing awareness regarding workplace safety and security, a shift toward green and smart buildings, and improving comfort level of the occupants are major factors that are expected to fuel demand for IBAT. Increasing demand for automated HVAC and safety in the healthcare and hospitality industries is also boosting market growth. Intelligent building automation technologies assist various industries in the optimization of energy usage and reducing its operating expenditure.

Rising establishment of smart infrastructure across the globe is expected to contribute significantly to market growth. Various factors such as increasing green building initiatives, development of cloud-based IoT platforms, and growing environmental concerns are expected to boost market growth over the forecast period. Surging energy prices and urgent need to manage them also serve as key driving factors.

Access Full Informative Content @ https://www.grandviewresearch.com/industry-analysis/intelligent-building-automation-technologies-market/request/rs1

U.S. intelligent building automation technologies market size, by component, 2014 - 2025 (USD Billion)

Prominent players are emphasizing on new product launches in order to combat increasing competition. They are also focusing on acquiring a larger market share through inorganic growth strategies like mergers and acquisitions. For instance, Honeywell International Inc. completed the acquisition of Transnorm, a warehouse automation solutions provider, in September 2018. This enabled the former to expand its customer base across Western Europe.

Further key findings from the study suggest:

  • By component, the service segment is expected to exhibit the highest CAGR from 2019 to 2025. Service providers for smart buildings assist in applying intelligent automation technologies for efficient operation and maintenance of buildings in a cost-effective manner
  • Based on product, the facility management systems segment dominated the market owing to rising need to achieve economies of scale in manufacturing facilities
  • On the basis of application, the commercial segment is expected to continue its dominance through 2025. This growth can be attributed to increasing adoption of IBAT by hotels, airports, and retail and IT companies
  • Asia Pacific is expected to register the highest CAGR of 9.4% from 2019 to 2025. Growth can be attributed to increasing investments in infrastructure in order to support smart city initiatives across the region
  • Key players in the intelligent building automation technologies market include ABB; Azbil Corporation; Eaton; General Electric; Ingersoll Rand plc.; Siemens Building Technologies Inc.; Schneider Electric; Honeywell International Inc.; Hubbell Inc.; Johnson Control; Rockwell Automation Inc.; and United Technologies Corporation.


Ask To Our Experts @
https://www.grandviewresearch.com/inquiry/558/ibb


Europe intelligent building automation technologies market share, by application, 2018 (%)


Key Topic Covered

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope and Assumptions
                   1.3 List of Data Sources
Chapter 2 Executive Summary
                   2.1 Intelligent Building Automation Technologies (IBAT) Market – Industry Snapshot & Key Buying Criteria, 2014 – 2025
                   2.2 Intelligent Building Automation Technologies (IBAT) Market, 2014 – 2025
                        2.2.1 IBAT market, by region, 2014 – 2025
                        2.2.2 IBAT market, by component, 2014 – 2025
                        2.2.3 IBAT market, by product, 2014 – 2025
                        2.2.4 IBAT market, by application, 2014 – 2025
Chapter 3 Intelligent Building Automation Technologies (IBAT) Industry Outlook
                   3.1 Market Segmentation and Scope
                   3.2 Market Size & Growth Prospects
                   3.3 Intelligent Building Automation Technologies (IBAT) Market – Value Chain Analysis
                        3.3.1 Vendor landscape
                   3.4 Intelligent Building Automation Technologies (IBAT) Market Dynamics
                        3.4.1 Market driver analysis
                             3.4.1.1 High level of awareness for energy efficiency
                             3.4.1.2 Growing demand for enhanced safety and security
                             3.4.1.3 Increasing government initiatives
                        3.4.2 Market restraint analysis
                             3.4.2.1 High capital investment
                   3.5 Penetration and Growth Prospect Mapping
                   3.6 Intelligent Building Automation Technologies (IBAT) Market – Company Ranking, 2018
                   3.7 Intelligent Building Automation Technologies (IBAT) Market – Porter’s Five Forces Analysis
                   3.8 Intelligent Building Automation Technologies (IBAT) Market – PESTEL Analysis

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/intelligent-building-automation-technologies-market