Global Intelligent Building Automation Technologies Market Report 2019-2025: Market Size is Expected to Exceed $100 Billion – ResearchAndMarkets.com -…

The "Global Intelligent Building Automation Technologies Market (2019-2025)" report has been added to ResearchAndMarkets.com's offering.

The Global Intelligent Building Automation Technologies Market size is expected to reach $103.7 billion by 2025, rising at a market growth of 7.3% CAGR during the forecast period.

Intelligent building uses advanced technologies and interconnected systems that can assist the automation of building management systems. This further facilitates the efficient operation of a building and supports space reconfiguration in response to changing usage. Because of increased demand for connectivity, improved automation of building management, expanding market for building automation and control system, as well as the need for energy-efficient solution to save energy and reduce carbon emissions around the world, the intelligent building market share has multiplied.

In addition, continuous extensive population growth, specifically among developing countries, generates the need for smart buildings that offer optimum use of space in a core comforting and sustainable way. Due to this, many governments are making substantial investments in smart cities and smart building development in order to promote sustainable development practices to address the challenges of urbanization growth.

Increasing the need for integrated security and security systems and decreasing operating costs due to the uptake of BEMS (Building Energy Management Systems) contributes to the adoption or retrofitting into a smart building that is expected to drive demand for the global intelligent building market. In addition, increasing energy-efficient projects and growing digitization across commercial and industrial buildings are expected to provide the market with long term growth possibilities.

Based on Solution type, the market is segmented into Hardware, Software and Services. Intelligent building automation technologies are an integrated software and hardware network that manages and monitors the environment of building facilities. Various hardware devices used include actuators, controllers, and sensors. Collectively, these devices guarantee that HVAC systems are properly managed by automated control and that the building climate stays within an acceptable range.

Based on Product, the market is segmented into Facility Management, Security Systems, Building Energy Management Systems and Life Safety Systems. Based on the Application, the market is segmented into Commercial, Residential and Industrial.

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, ABB Group, Eaton Corporation PLC, United Technologies Corporation, Honeywell International, Inc., and Siemens AG are some of the forerunners in the Intelligent Building Automation Technologies (IBAT) Market. The market research report covers the analysis of key stake holders of the market.

Recent strategies deployed in Intelligent Building Automation Technologies (IBAT) Market

Collaborations, Partnerships, and Agreements:

Acquisition and Mergers:

Product Launches:

Expansions:

Companies Mentioned

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20191213005261/en/

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Global Intelligent Building Automation Technologies Market Report 2019-2025: Market Size is Expected to Exceed $100 Billion - ResearchAndMarkets.com -...