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3. Schneider Electric SE (France) and ABB Ltd. (Switzerland) are leading players in Intelligent Building Automation Technologies Market

The global intelligent building automation technologies market size is projected to grow from USD 90.2 billion in 2023 to USD 152.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. The integration of edge computing in intelligent building automation represents a transformative leap in real-time data processing capabilities. By shifting computational tasks closer to the data source within the building infrastructure, edge computing ensures that critical information is processed instantaneously. This results in significantly quicker response times, minimizing delays and optimizing the overall performance of building automation systems. The reduction in latency, achieved through edge computing, enables seamless communication and coordination among various devices and sensors, fostering a more responsive and interconnected building ecosystem. This enhanced efficiency translates into agile and adaptive automation solutions that can promptly address changing environmental conditions, occupant preferences, and system anomalies. In essence, the adoption of edge computing not only marks a technological advancement but also underscores its pivotal role in elevating the responsiveness and effectiveness of intelligent building automation solutions.

Key and innovative vendors in the intelligent building automation technologies market include Honeywell International Inc. (US), Johnson Controls International plc (US), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd. (Switzerland), Eaton Corporation (US), Trane Technologies plc (Ireland), Carrier Global Corporation (US), Rockwell Automation, Inc. (US), Azbil Corporation (Japan), Ingersoll Rand (US), Emerson Electric co. (US), Robert Bosch GmbH (Germany), Hubbell Incorporated (US), Lutron Electronics Company (US), Cisco Systems, Inc. (US), Cushman & Wakefield plc (US), Jones Lang LaSalle Incorporated (US), CBRE Group, Inc. (US), Current Lighting Solutions, LLC (US), Verdigris Technologies, Inc. (US), 75F (US), BuildingIQ (US), KMC Controls (US), Spaceti (Netherlands), eFACiLiTY (India), Softdel (US). The market players have adopted various strategies to strengthen their intelligent building automation technologies market position. Organic and inorganic strategies have helped the market players expand globally by providing advanced building automation solutions.

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SCHNEIDER ELECTRIC SE

Schneider Electric SE, a distinguished French multinational, specializes in digital automation and energy management, driving the forefront of digital transformation through the integration of cutting-edge processes and energy technologies. The company's expertise spans endpoint to cloud connectivity, encompassing products, controls, software, and services throughout the entire lifecycle. Schneider Electric operates within two primary business segments: Energy Management and Industrial Automation. The former relies on EcoStruxure-enabled end-to-end technology offerings, addressing customer needs in the key end-markets of Buildings, Data Centers, Industry, and Infrastructure. This is further reinforced by a global partner network.

In the Industrial Automation and Industrial Control segment, Schneider Electric excels across discrete, process, and hybrid industries. The company is committed to creating sustainable and intelligent homes by efficiently connecting electricity with digital technologies in individual homes, apartments, and public housing. The company is dedicated to supporting its customers in achieving a net-zero future by providing reliable power, managing energy usage efficiently, and delivering personalized living experiences. Schneider Electric's impact is felt globally across various sectors, including Buildings, where it serves as a trusted advisor on sustainability and efficiency, offering solutions for resilient, sustainable, people-centric, and hyper-efficient buildings. Additionally, the company plays a critical role in the digital transformation of cloud and service providers, mobility, consumer packaged goods, mining, minerals, and metals, water and wastewater, energies and chemicals, semiconductor, and power and grid industries. Schneider Electric has a global presence in more than 100 countries across North America, Western Europe, Asia Pacific, Middle East & Africa, and Latin America.

ABB LTD.

ABB Ltd., a global technology company, operates across various business segments, showcasing its diverse expertise in different sectors. The company's operations are strategically organized into four primary business segments. The Electrification segment focuses on providing innovative solutions for electrical distribution and installation, catering to residential, commercial, and industrial customers. ABB's Industrial Automation segment specializes in delivering automation and control technologies for various industries, enhancing efficiency and productivity. The Motion segment is dedicated to offering solutions in motion and robotics, catering to industries such as manufacturing and transportation. Lastly, the Robotics & Discrete Automation segment is at the forefront of providing robotics and automation solutions for industries seeking advanced manufacturing capabilities. ABB's market presence is characterized by its commitment to driving progress in electrification, automation, and digitalization, thereby contributing to sustainable development across a multitude of sectors globally. ABB Ltd. has a robust geographical presence in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Related Reports:

Intelligent Building Automation Technologies Market by Offering (Solutions, Services), Technology (Sensor Technology, Connectivity Technology, Computing Technology), End Use (Residential, Industrial, Commercial) and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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