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WiseGuyReports.Com Publish a New Market Research Report On –“ Intelligent Building Automation Technologies 2019 Market Segmentation,Application,Technology & Market Analysis Research Report to 2026”.
Intelligent Building Automation Technologies Market 2019
The intelligent building automation technologies market is anticipated to reach over USD 118.7 million by 2026. In 2017, the commercial intelligent building automation technologies segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.
The major driving factor for the intelligent building automation technologies market is the increasing need of infrastructure with reduced CO2 emissions, which further triggers governments to provide more incentives as the trend of smart-cities is on a rise. IBAT also has become a differentiator in the real estate business as it conforms with improved safety and security systems. The IBAT aims to reduce operational costs substantially through the integration of IoT platforms. Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of Intelligent Building Automation Technologies. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce energy consumption further support the growth of intelligent building automation technologies market. Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.
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The major players operating in the intelligent building automation technologies market include Siemens Building Technologies Inc., General Electric, Johnson Controls Inc, ABB Ltd., Eaton Corporation, Rockwell Automation, Ingersoll Rand Inc., Schneider Electric, Honeywell International, and Delta Controls.
North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. There are rising concerns among consumers regarding the environment, which coupled with increasing awareness regarding intelligent building automation technologies drives the intelligent building automation technologies market growth in the region. The governments in the region are collaborating with engineers and architects to promote the adoption of Intelligent Building Automation Technologies. Commercial buildings are adopting Intelligent Building Automation Technologies owing to stringent government regulations, and the need to reduce operation costs.
Drivers and Risks
In addition to providing an understanding of the fundamental dynamics molding the Intelligent Building Automation Technologies market, the report also investigates the numerous volume trends and the pricing history as well as the market value. A number of potential growth factors, risks, and opportunities are also evaluated to get an acute grasp of the overall market.
The analysis and the forecast of the Intelligent Building Automation Technologies market are analyzed not just on a global basis but also on a regional basis. Taking a closer look at the regions wherein the market is concentrated, the report focuses on Middle East & Africa, Europe, Latin America, Asia Pacific, and North America. These regions are studied with respect to the prevalent trends and several opportunities as well as an outlook that could benefit the market in the long run.
Method of Research
With the aim of providing an analysis of the market during the forecast period, the market is examined on the basis of various parameters that form Porter’s Five Force Model. Additionally, the data experts use the SWOT based on which the report is able to give explicit details about the Intelligent Building Automation Technologies market. The in-depth analysis of the market helps identify and accentuate its main strengths, risks, opportunities, and weaknesses.
Table Of Contents – Major Key Points
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