Intelligent Building Automation Technologies (IBAT): Worldwide Industry Analysis 2014-2019 and Forecast to 2025

DUBLIN, Dec. 11, 2019 /PRNewswire/ -- The "Intelligent Building Automation Technologies (IBAT) Market Analysis Report By Component, By Product (Facility Management Systems, Security Systems), By Application, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global intelligent building automation technologies market size is expected to reach USD 105.2 billion by 2025, registering a CAGR of 7% from over the forecast period.

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.

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

Key Topics Covered

Chapter 1 Methodology and Scope

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

Chapter 4 Intelligent Building Automation Technologies (IBAT) Component Outlook
4.1 Intelligent Building Automation Technologies (IBAT) Market Share by Component, 2018 & 2025
4.2 Hardware
4.3 Software
4.4 Service

Chapter 5 Intelligent Building Automation Technologies (IBAT) Product Outlook
5.1 Intelligent Building Automation Technologies (IBAT) Market Share by Product, 2018 & 2025
5.2 Security Systems
5.3 Life Safety Systems
5.4 Facility Management Systems
5.5 Building Energy Management System

Chapter 6 Intelligent Building Automation Technologies (IBAT) Application Outlook
6.1 Intelligent Building Automation Technologies (IBAT) Market Share by Application, 2018 & 2025
6.2 Residential
6.3 Commercial
6.4 Industrial

Chapter 7 Intelligent Building Automation Technologies (IBAT) Regional Outlook
7.1 Intelligent Building Automation Technologies (IBAT) Market Share by Region, 2018 & 2025
7.2 North America
7.3 Europe
7.4 Asia-Pacific
7.5 Latin America
7.6 MEA

Chapter 8 Competitive Landscape
8.1 ABB Ltd.
8.2 Azbil Corporation
8.3 Eaton Corporation
8.4 General Electric
8.5 Honeywell International, Inc.
8.6 Hubbell, Inc.
8.7 Ingersoll-Rand plc
8.8 Johnson Controls
8.9 Rockwell Automation Inc.
8.10 Schneider Electric
8.11 Siemens AG
8.12 United Technologies

For more information about this report visit https://www.researchandmarkets.com/r/r6yffm

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com