Intelligent Building Automation Technologies Market

Intelligent Building Automation Technologies Market by Applications (Industrial, Residential, and Commercial), Components (Service, Hardware, and Software), Products (Facility Management Systems, Security Systems, Building Energy Management Software, and Life Safety Systems), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2750
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 176
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The global intelligent building automation technologies market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing responsiveness about energy conservation, rising concerns over global warming, and increasing energy costs.

Intelligent Building Automation Technologies Market key takeaways

The intelligent building automation technologies (IBAT) is the central control of the building’s, heating, air conditioning, ventilation, security system, lighting, access control, and other incorporated systems. IBAT also detects major or minor defects about building and alerts about it. IBAT helps in digitalization of building by implanting conventional systems and devices with internet of things technology based solutions to enable remote interaction for delivering real-time data about building to operators and owners. IBAT uses information technology to connect with other subsystems, which typically operate individually, and collect information from these subsystems for optimizing building performance.

The COVID-19 pandemic outbreak had hampered the market. During pandemic, real estate sector witness significant loss, which impacted the demand of IBAT. Due to lockdown and social distancing norms imposed by government body construction projects of smart building is delayed or declined which further decreased the demand of IBAT.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising awareness for security and life safety among the people across the globe is one of the key factor driving the market growth.
  • Increasing establishments of smart infrastructure globally is projected to drive the market expansion during the forecast period.
  • Escalating cost of initial investment acts as a major challenge that can restrict the market growth in the coming years.
  • Lack of awareness about IBAT among the population can hamper the market growth during the projected timeline.
  • Using internet protocol communication system in IBAT is projected to create significant growth opportunities for the market.

 

Scope of the Report

The report on the global intelligent building automation technologies market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Intelligent Building Automation Technologies Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Industrial, Residential, and Commercial), Components (Service, Hardware, and Software), and Products (Facility Management Systems, Security Systems, Building Energy Management Software, and Life Safety Systems)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Azbil Corp.; General Electric; Siemens Building Technologies Inc.; Honeywell International Inc.; Rockwell Automation Inc.; Johnson Control; United Technologies Corp.; ABB Ltd.; Eaton Corp.; Ingersoll Rand plc.; Schneider Electric; and Hubbell Inc.

 

Market Segment Insights

Reduced maintenance by IBAT increases the commercial segment market share

On the basis of applications, the market is divided into industrial, residential, and commercial. The commercial segment is estimated to account for a significant market share during the forecast period attributed to rising necessity to improve commercial building efficiency and strict guidelines regarding energy consumption. Additionally, on large commercial sites, including seaports, shopping malls, industrial zones, office parks, and airports, IBAT helps in reducing the maintenance and cost of energy is major driver of the segment. On the other hand, the residential segment is anticipated to grow at a high CAGR during the projected period due to the rise in the number of thefts and burglaries, which created a concern about security among the house owners across the globe.

Intelligent Building Automation Technologies Market by applications

Hardware and software segment is projected to expand at considerable CAGR

In terms of components, the global intelligent building automation technologies market is segregated into service, hardware, and software. The hardware and software segment is estimated to expand at robust growth rate during the forecast period owing to interconnectivity of IBAT with various hardware and software. Moreover, hardware such as sensors, controllers, and actuators are connected to IBAT software and connectively maintain the environment of building, which presents a major factor driving the segment. However, the service segment is projected to expand at a considerable CAGR during the forecast period due to implementation of smart building services helps in in reduced energy usage and operational expenses along with enhanced performance.

Intelligent Building Automation Technologies Market by components

Less damage to property drive the security systems segment

Based on products, the market is segmented into facility management systems, security systems, building energy management software (BEMS), and life safety systems. The security systems segment is expected to grow at a rapid pace during the forecast period attributed to preventing loss, reducing risks and less damage to property. On the other hand, the BEMS segment is anticipated to expand at a substantial CAGR in the coming years owing to easy detection of power issues and reduced energy consumption. Furthermore, BEMS helps in reduction of carbon emission, which is projected to accelerate the segment growth further.

Europe is anticipated to constitute a key market share

In terms of region, the global intelligent building automation technologies market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is anticipated to constitute a key share of the market during the projected period owing to implementation of IBAT by home owners and growing demand for smart grid services and energy-efficient products in the region. However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the boost in investment by government for smart cities and increasing implementation of IBAT by emerging economies in the region.

Segments

Segments Covered in the Report
The global intelligent building automation technologies market has been segmented on the basis of

Applications

  • Industrial
  • Residential
  • Commercial

Components

  • Service
  • Hardware
  • Software

Products

  • Facility Management Systems
  • Security Systems
  • Building Energy Management Software
  • Life Safety Systems

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Azbil Corp.
  • General Electric
  • Siemens Building Technologies Inc.
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Johnson Control
  • United Technologies Corp.
  • ABB Ltd.
  • Eaton Corp.
  • Ingersoll Rand plc.
  • Schneider Electric
  • Hubbell Inc.

Competitive Landscape

Key players competing in the global intelligent building automation technologies market are Azbil Corporation; General Electric; Siemens Building Technologies Inc.; Honeywell International Inc.; Rockwell Automation Inc.; Johnson Control; United Technologies Corp.; ABB Ltd.; Eaton Corp.; Ingersoll Rand plc.; Schneider Electric; and Hubbell Inc.

Companies are focusing on investment in R&D for development of technological advanced IBAT for the buildings. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, agreements, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in April 2019 Johnson Controls signed an agreement with Bee’ah U.A.E based company and Microsoft Corp. This agreement was for enhancement of Bee’ah’s new headquarters in Sharjah. This agreement was aimed to build headquarters with intelligent devices, edge systems, and software in collaboration with Johnson Controls and Microsoft Corp.

In November 2019, Eaton Corp. announced a launch of Scantronic grade 2 and 3 panels. This panels was developed for smart security control of building. Both the panels were also compatible with SecureConnect, an advanced smart security management system for residential and commercial buildings.

Intelligent Building Automation Technologies Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intelligent Building Automation Technologies Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Intelligent Building Automation Technologies Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Intelligent Building Automation Technologies Market - Supply Chain
  4.5. Global Intelligent Building Automation Technologies Market Forecast
     4.5.1. Intelligent Building Automation Technologies Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Intelligent Building Automation Technologies Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Intelligent Building Automation Technologies Market Absolute $ Opportunity
5. Global Intelligent Building Automation Technologies Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Intelligent Building Automation Technologies Market Size and Volume Forecast by Applications
     5.3.1. Industrial
     5.3.2. Residential
     5.3.3. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Intelligent Building Automation Technologies Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Intelligent Building Automation Technologies Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Intelligent Building Automation Technologies Demand Share Forecast, 2019-2026
7. North America Intelligent Building Automation Technologies Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Intelligent Building Automation Technologies Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Intelligent Building Automation Technologies Market Size and Volume Forecast by Applications
     7.4.1. Industrial
     7.4.2. Residential
     7.4.3. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Intelligent Building Automation Technologies Demand Share Forecast, 2019-2026
8. Latin America Intelligent Building Automation Technologies Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Intelligent Building Automation Technologies Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Intelligent Building Automation Technologies Market Size and Volume Forecast by Applications
     8.4.1. Industrial
     8.4.2. Residential
     8.4.3. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Intelligent Building Automation Technologies Demand Share Forecast, 2019-2026
9. Europe Intelligent Building Automation Technologies Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Intelligent Building Automation Technologies Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Intelligent Building Automation Technologies Market Size and Volume Forecast by Applications
     9.4.1. Industrial
     9.4.2. Residential
     9.4.3. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Intelligent Building Automation Technologies Demand Share Forecast, 2019-2026
10. Asia Pacific Intelligent Building Automation Technologies Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Intelligent Building Automation Technologies Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Intelligent Building Automation Technologies Market Size and Volume Forecast by Applications
     10.4.1. Industrial
     10.4.2. Residential
     10.4.3. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Intelligent Building Automation Technologies Demand Share Forecast, 2019-2026
11. Middle East & Africa Intelligent Building Automation Technologies Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Intelligent Building Automation Technologies Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Intelligent Building Automation Technologies Market Size and Volume Forecast by Applications
     11.4.1. Industrial
     11.4.2. Residential
     11.4.3. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Intelligent Building Automation Technologies Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Intelligent Building Automation Technologies Market: Market Share Analysis
  12.2. Intelligent Building Automation Technologies Distributors and Customers
  12.3. Intelligent Building Automation Technologies Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Azbil Corp.
     12.4.2. General Electric
     12.4.3. Siemens Building Technologies Inc.
     12.4.4. Honeywell International Inc.
     12.4.5. Rockwell Automation Inc.
     12.4.6. Johnson Control
     12.4.7. United Technologies Corp.
     12.4.8.

Segments Covered in the Report
The global intelligent building automation technologies market has been segmented on the basis of

Applications

  • Industrial
  • Residential
  • Commercial

Components

  • Service
  • Hardware
  • Software

Products

  • Facility Management Systems
  • Security Systems
  • Building Energy Management Software
  • Life Safety Systems

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Azbil Corp.
  • General Electric
  • Siemens Building Technologies Inc.
  • Honeywell International Inc.
  • Rockwell Automation Inc.
  • Johnson Control
  • United Technologies Corp.
  • ABB Ltd.
  • Eaton Corp.
  • Ingersoll Rand plc.
  • Schneider Electric
  • Hubbell Inc.

Key players competing in the global intelligent building automation technologies market are Azbil Corporation; General Electric; Siemens Building Technologies Inc.; Honeywell International Inc.; Rockwell Automation Inc.; Johnson Control; United Technologies Corp.; ABB Ltd.; Eaton Corp.; Ingersoll Rand plc.; Schneider Electric; and Hubbell Inc.

Companies are focusing on investment in R&D for development of technological advanced IBAT for the buildings. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, agreements, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in April 2019 Johnson Controls signed an agreement with Bee’ah U.A.E based company and Microsoft Corp. This agreement was for enhancement of Bee’ah’s new headquarters in Sharjah. This agreement was aimed to build headquarters with intelligent devices, edge systems, and software in collaboration with Johnson Controls and Microsoft Corp.

In November 2019, Eaton Corp. announced a launch of Scantronic grade 2 and 3 panels. This panels was developed for smart security control of building. Both the panels were also compatible with SecureConnect, an advanced smart security management system for residential and commercial buildings.

Intelligent Building Automation Technologies Market by key players

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