Global Intelligent Building Automation Technologies Market by Product (Facility Management Systems, Security Systems) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global market for intelligent building automation technologies was worth USD 64.7 billion. This market is expected to grow over the forecast period. This market has seen significant growth due to rising energy prices and growing concern about global warming. The market for intelligent building automation technologies (IBAT), will continue to grow due to increased use of renewable energy and growing awareness among consumers regarding environmental protection.

Building automation systems (BAS), which combine lighting, energy and safety systems, create a single intuitive system that balances efficiency and comfort. Market growth is expected to be influenced by a growing awareness of safety and security in life. People are more aware of the financial consequences of natural and man-made disasters such as earthquakes, floods, terrorist attacks, or fires. According to the U.S. Fire Administration in 2018, there were 5,610,000 fires resulting in losses of up to USD 23 Billion.

Intelligent building automation technology is widely adopted by organizations as it offers many applications, including lighting management, heat ventilation, air conditioning management, and heat ventilation analysis. Organizations are largely focusing on measures to curb energy consumption by activating/deactivating lights, HVAC systems, and other applications. According to research by elektormagazine.com IBAT implementation in 10,000-square-meter facilities can result in savings of up to 1,000,000 euros per year. These factors will fuel market growth.

Intelligent building automation technology market growth is expected to be aided by the increased demand for safety and security in intelligent buildings. Industry growth will be supported by the widespread adoption of different protocols for building automation, open-ended architecture development, easy access technology developments, and implementation intelligent BAS in residential homes. Intelligent building automation technologies monitor and analyze the performance of buildings in terms sustainability, comfort, productivity, and efficiency. These technologies can also be used in micro-grid management residences.

Growth may be limited by a lack of awareness among end users and high initial investment. Market growth may also be impeded by technical issues related to the operation of intelligent building automation technologies. However, key players may be able to capitalize on the market opportunity through the commoditization and creation of a comprehensive valuation model. New avenues are being opened for BAS development across all segments, including residential, commercial and industrial.

Component Insights

The IBAT market can be divided by component into three segments: hardware, software, or service. Intelligent building automation technologies include a network of hardware and software that controls and monitors the environment in a building. There are many hardware devices that can be used, including sensors, controllers, actuators, and controllers. They all work together to ensure that HVAC systems are well managed via automated control, and that the building climate is within acceptable limits.

Engineering services are part of intelligent building automation technology services. These engineering services are essential for ensuring that building control systems operate safely, efficiently, and economically. Smart building services result in lower operational costs, less energy consumption, and better performance. This will drive the services sector growth during the forecast period.

Product Insights

The market for intelligent building automation technologies can be divided based on product. It is classified into security systems and life safety systems, facility management system, and building energy management system (BEMS). Market growth was largely driven by the security systems segment in 2018, and it is expected to continue growing at a steady pace. Building access control, CCTV and elevator access control are all security systems that help to reduce risks and prevent property damage and loss. This market is dominated by facilities management systems, but BEMS demand is expected to rise at a rapid pace.

There are growing concerns about loss in emergencies and the need to log energy consumption by residential and industrial equipment. This will drive the demand for intelligent building automation technology. Building Energy Management Systems are primarily focused on optimizing, controlling, monitoring, and measuring technical services. These systems have many benefits, including reduced energy consumption, detection of power problems, and reductions in carbon emissions. These systems monitor the energy used by electrical and mechanical equipment such as heaters, ventilators, air conditioners, and ventilators in order to lower costs and improve efficiency.

Application Insights

The market can be divided into three segments based on its application: residential, commercial and industrial. In 2018, the commercial segment generated USD 27.8 million in revenue. Intelligent building automation technology can be used to reduce energy costs, spatial management, maintenance, and other expenses in large commercial areas such as office parks, industrial zones, shopping malls and airports. Due to stringent regulations on energy consumption and the need to improve efficiency in commercial buildings, this application segment will continue to dominate over the forecast period.

Over the next few years, the residential segment will experience the greatest CAGR. The residential segment will be driven by growing security concerns among homeowners due to an increase in thefts and burglaries worldwide. Intelligent building automation technologies are being adopted because they can help save money and reduce energy costs. Data collected at the building level by occupancy and motion sensors can be used to control air-conditioning and lighting. This will reduce energy costs and optimize the environment for its intended purpose.

Regional Insights

In 2018, the European market was just below USD 16.0 billion. The EU Directives, such as the Energy Performance of Buildings Directive that aims to improve the energy efficiency of buildings, have contributed to market growth. The increasing use of security systems by homeowners will also boost growth prospects. Over the forecast period, regional growth will be further supported by a rising demand for energy-efficient goods and smart grid services from countries like France and Germany.

Due to the widespread adoption of intelligent building automation technology by emerging economies like India and China, the Asia Pacific market will see increased interest. Smart cities are also being developed by governments in India, South Korea, China, and China. Market players will also benefit from the development of the network infrastructure in the region, which is expected to create lucrative opportunities in the future. Due to large investments in public infrastructure development, the Middle East and Africa will experience significant growth. The increasing number of international tourists is a boon for the development of security systems. This will further fuel the market for intelligent building automation technology.

Intelligent Building Automation Technologies Market Share Insights

ABB, Azbil Corporation; Eaton, General Electric; Ingersoll Rand plc are key players in this market. ABB; Schneider Electric; Honeywell International Inc., Hubbell Inc., Johnson Control; Rockwell Automation Inc. and United Technologies Corporation are key players in the market. These companies have been working to increase their market share through mergers and acquisitions. Honeywell International Inc. acquired Transnorm in September 2018. This acquisition enabled the former to grow its customer base throughout Western Europe.

To combat rising competition, prominent players are also emphasizing product launches. General Electric's automation and controls platform was launched in November 2015. It is designed to enable the industrial internet to be implemented in power industries. GE acquired Alstom to combine its technology heritage with Alstom's in order to create its new platform, automation and control solution. These solutions allow customers to gain access to their data, machines, people, and information faster, easier, safer, and with greater reliability.

Scope of the Report

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and analyzes the most recent industry trends in each sub-segment from 2014 through 2025. Grand View Research has divided the global market for intelligent building automation technologies based on component and product as well as application and region.

• Component Outlook (Revenue, USD Billion, 2014 - 2025)

  • Hardware

  • Software

  • Service

• Product Outlook (Revenue, USD Billion, 2014 - 2025)

  • Security Systems

  • Life Safety Systems

  • Facility Management Systems

  • Building Energy Management Systems

• Application Outlook (Revenue, USD Billion, 2014 - 2025)

  • Residential

  • Commercial

  • Industrial

• Regional Outlook (Revenue USD Billion, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • France

    • Germany

  • Asia Pacific

    • Australia

    • China

    • India

    • Japan

    • Malaysia

    • Singapore

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • Saudi Arabia

    • UAE

Up Market Research published a new report titled “Intelligent Building Automation Technologies Market research report which is segmented by Product (Facility Management Systems, Security Systems), By Players/Companies in September 2018, Honeywell International Inc, completed the acquisition of Transnorm, a warehouse automation solutions provider, enabling the former to expand its customer base across Western Europe, 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 These players have been focusing on acquiring a larger market share by engaging in mergers and acquisitions For instance”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Intelligent Building Automation Technologies Market Report Segments:

The market is segmented by Product (Facility Management Systems, Security Systems).

Intelligent Building Automation Technologies Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Intelligent Building Automation Technologies Market

Overview of the regional outlook of the Intelligent Building Automation Technologies Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Intelligent Building Automation Technologies Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Intelligent Building Automation Technologies Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Facility Management Systems

                2. Security Systems

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Intelligent Building Automation Technologies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Intelligent Building Automation Technologies Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.