HOME Research Insight Technological Growth of Intelligent Building Automation Technologies Market

Technological Growth of Intelligent Building Automation Technologies Market

This report segments the intelligent building automation technologies market into three categories namely, systems, services and IT. The IBAS market by systems has been divided into facilities management systems, life safety systems and physical security systems. The IBAS market by services has been divided into facilities management system services, life safety system services and physical security system services. The IBAS market by IT has been divided into computing hardware, computing software, computing and network services and network equipment.

Intelligent Building Automation Technologies market can be segmented among systems, services and IT. Among the three categories, systems hold the biggest market share during the entire forecasted period. Buildings housing large enterprises and advanced manufacturing facilities are technologically advanced and offer their occupants the maximum possible comforts; thus, they consume a lot of energy. At present, all the businesses around the globe are trying to reduce their carbon imprint, energy costs, and operational costs. Intelligent Building Automation Technologies continuously monitor the energy consumption by different sections of the building and by different equipments. These technologies help to curb the energy wastage by systems such as, HVAC and lighting management systems. Building a smart building or converting an existing building into a smart building enables the building operator to exploit the maximum possible energy savings from all the systems and meet the strict environmental regulations imposed on the buildings.

In this context, Building Automation Systems (BASs) are very important for buildings, as they provide enterprise energy management, automated fault detection, central plant optimization, digital energy network, automated demand response, virtual power plant, micro-grid management, and building data analytics. These solutions are applicable and crucial to every commercial and residential building, and so will witness steady market growth.

Intelligent Building Automation solutions has been in the market for a few decades and has become more advanced with time, from being just a basic temperature controlling module to running an entire building. The latest IBAS solutions focus more on wireless technology, operations via the internet and increase of embedded systems and digital communications within the network.

Related Reports:

Intelligent Building Automation Technologies Market by System & Services [Physical Security, Life Safety, Facility Management], IT Technologies & Industry Verticals - Global Advancements, Worldwide Forecast & Analysis (2014 - 2019)

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