Intelligent Building Automation Market

Date: 8/4/2014

The Global Intelligent Building Automation Technologies Is Expected To Increase from $58.9 Billion in 2014 to $74.8 Billion by 2019, Registering A CAGR% Of 4.9% during 2014-2019

Intelligent Building Automation Technologies Market by Physical Security, Life Safety, Facility Management System & Services, IT Technologies and Industry Verticals

  • By: marketsandmarkets.com
  • Publishing Date: July 2014
  • Report Code: TC 2566

The market for global intelligent building automation technologies is expected to increase from $58.9 billion in 2014 to $74.8 billion by 2019, registering a CAGR% of 4.9% during 2014-2019. The main forces driving the market are the ability of intelligent buildings to reduce CO2 emissions, reduce maintenance and operating costs and enhance the life of the building as well as improving the safety and security of its occupants.

Intelligent Building Automation System is a building management solution that enables enterprises to control and monitor the performance of their buildings. It helps to improve the performance and efficiency of energy utilization in the building, to manage HVAC devices and lighting, and to reduce energy and operational costs.

The Intelligent Building Automation Technologies solutions provide Heating, Ventilation, and Air Conditioning (HVAC) management, lighting management, automated fault detection, digital energy network, automated demand response, micro-grid management, and building data analytics. Also, BAS solutions integrate the management of the whole building via a simple and easy-to-use software interface which can be accessed from anywhere using a laptop, tablet, or smartphone. All these features help operators to efficiently manage a building.

Intelligent building automation technologies are segmented based on systems, services and information technology. Systems and services are further classified as facility management systems/services, life security systems/services and physical security systems/services. Information technology is classified into computing hardware, computing software, computing and network services and network equipment.

Among all the technologies discussed, energy management technologies are registering a high growth rate followed by emergency response and light management technologies. The increasing concern of global warming and increasing energy consumption by buildings are the major factors due to which intelligent buildings are gaining traction worldwide. North America is leading the global intelligent building automation technologies market with a share of more than 40% in 2014 followed by Europe region, which is having a share of approx. 30% in the global intelligent building automation technologies market in 2014.

Government is also playing a key role in the growth of this market; it is providing tax benefits to developers who are building intelligent buildings. Government also came up with various certifications and ratings systems for the buildings (discussed in geography analysis chapter).

Market players are focusing on new product development, as the competition is getting intense day by day. The number of technologies available to implement today is huge which is leaving customers as well as developers confused. However, proper education and promotion of such technologies will help in mitigating the problem and will drive the overall market of intelligent building automation technologies market.

The Y-O-Y growth rates of the Intelligent Building Automation Technologies physical security systems will be on the higher side throughout the forecast period.

A few high growth markets for the forecast period are given below:

  • Emergency Response: Emergency response systems are dynamic systems which forms the basic layout in case of emergencies. These systems are responsible for alerting the occupants of the building and guiding them to the nearest and safest exits in case of any emergency situation inside or nearby the building. Emergency response system helps the building operators to minimize life damages in emergency situations.
  • Energy Management System: Energy Management Systems control and optimize the use of electricity within the building premises. These systems stop wastage of energy, optimize the energy consumption of equipment according to the occupant density and helps to keep a complete log of energy consumption in different parts of the building by different equipment.
  • CCTV/video surveillance: CCTV/video surveillance systems and solutions are used by building operators to keep a continuous watch on the entire premises and also to record movement of personnel within the building. This solution presents itself as one of the highest growing solutions due to continuous advancements in the technology and high demand for video surveillance solutions by the building operators.

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CONTINUATION:

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