Intelligent Building Automation Technologies Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2028

Intelligent Building Automation Technologies Market

According to the latest Emergen report, the global Intelligent Building Automation Technologies (IBAT) market is expected to reach USD 125.74 Billion in 2028, with a revenue CAGR of 7.1% during the forecast period. The growing demand for improved security and safety in intelligent buildings is driving revenue growth in the intelligent building automation technologies market. IBAT emphasises a multidisciplinary effort to integrate and optimise building structures, systems, services, and management in order to provide occupants with a cost-effective and environmentally friendly product.

The growing demand for enhanced security and safety in intelligent buildings is also expected to significantly contribute to the growth of the intelligent building automation technologies market. Adoption of various building automation protocols, development of open-ended architecture, easy access to technological developments, and implementation of intelligent BAS in residences are expected to support large-scale industry growth. Intelligent building automation technologies analyse and monitor the sustainability, comfort, and productivity of buildings. These technologies are also used in residences to manage micro-grids.

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Some Key Highlights from the Report

Due to increased demand for various hardware equipment such as actuators, sensors, controllers, and others, the hardware segment accounted for a significantly large revenue share in 2020. Multi-layered smart hardware solutions ensure high service quality while lowering costs by reducing energy consumption. It also aids in the management of Heating, Ventilation, and Air Conditioning (HVAC) systems via automated control.

Due to the rapid adoption of IBAT solutions in large commercial sites, the commercial segment will have a significantly larger revenue share in 2020. Because of their low cost and energy efficiency, IBAT systems are becoming increasingly popular in a variety of settings, including industrial zones, shopping malls, offices, and seaports. Furthermore, the implementation of intelligent building solutions in such commercial areas aids in the improvement of spatial management and overall maintenance.

North America will have the highest revenue growth in 2020 due to the increased deployment of smart building technologies for commercial and residential use. The numerous advantages associated with smart building technologies are increasing market demand in this region.

ABB Ltd., Azbil Corporation, Eaton Corporation, Honeywell International Inc., Hubbell, Inc., Siemens AG, Johnson Controls, Rockwell Automation, Inc., Schneider Electric, and Ingersoll Rand are among the major companies profiled in the market report.

Emergen Research has segmented global intelligent building automation technologies market on the basis of type, product, application, and region:

  • Type Outlook (Revenue, USD Million, 2018–2028)
    • Hardware
    • Software
    • Service
  • Product (Revenue, USD Million, 2018–2028)
    • Facility Management Systems
    • Security Systems
    • Life Safety Systems
    • Building Energy Management Systems
  • Application Outlook (Revenue, USD Million, 2018–2028)
    • Residential
    • Commercial
    • Industrial
  • Regional Outlook (Revenue, USD Million, 2018–2028)
    • North America
      1. US
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest Of MEA

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