The market for global intelligent building automation technologies is expected to increase from $130.46 billion in 2009 to $167.41 billion by 2015, registering a CAGR of 4.34% during 2010-2015. 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 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 equipments.
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 for global warming and increasing energy consumption by buildings are the major factors due to which intelligent buildings are gaining traction worldwide. North America led the global intelligent building automation technologies market with a share of close to 40% in 2010; followed by EMEA region, which had a share of more than 34% in the global intelligent building automation technologies market in 2010.
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.
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