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(IT-NEWSWIRE.COM, May 03, 2018 ) According to Publisher, the Global Intelligent Building Automation Technologies is valued at $63.48 billion in 2015 and is expected to grow at a CAGR of 4.8% to reach $88.27 billion by 2022. Growing need for improved security and safety in intelligent buildings, implementation of these systems in residential buildings and adoption of different protocols of building automation are some of the factors driving the market growth. Moreover, a tax benefit provided by the government to developers is also further fueling the market growth. On the other hand, lack of professional labor, absence of uniformity in the deployment of technology and huge initial investments has been the key issues in the market growth.
Life safety systems segment is poised to witness the quick growth owing to the existence of several features such as emergency service during fire and earthquakes. Facilities management systems segment is estimated to generate more revenue to the market. Furthermore demand for physical security systems is anticipated to grow on a huge scale. North America and Europe are the major markets in terms of revenue owing to large investments in building security and services coupled with rising technological developments in the regions. Asia-Pacific is anticipated to gain market traction due to the adoption of these technologies in developing countries such as China and India.
For more information @ http://www.reportsweb.com/intelligent-building-automation-technologies-global-market-outlook-2015-2022
Some of the key players in global Intelligent Building Automation Technologies market are ABB, Azbil Corporation, Eaton Corporation, General Electric, Honeywell, Ingersoll Rand, Johnson Controls Inc., Rockwell Automation, Schneider Electric, Siemens Building Technologies , Tyco International, Echelon, Bosch Security Systems and Ingersoll Rand Inc.
Applications Covered -HVAC (Heating, Ventilating, and Air Conditioning) -Fire & Life Safety -Lighting -Building Management Systems -Energy -Explosive Detectors -Security & Access Control Systems -Screening Solutions -Car Park Management Services -Other Applications
Products Covered -Life Safety Systems -Physical Security Systems -Facilities Management Systems
Technologies Covered -Computing hardware -Networking equipment -Computing software -Computing and network services
Services Covered -Life Safety Service -Physical Security Service -Facilities Management Service
Request Sample Copy http://www.reportsweb.com/inquiry&RW0001322828/sample Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -France -Italy -UK -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -Rest of Asia Pacific -Rest of the World -Middle East -Brazil -Argentina -South Africa -Egypt
11 Company Profiling 11.1 ABB 11.2 Azbil Corporation 11.3 Eaton Corporation 11.4 General Electric 11.5 Honeywell 11.6 Ingersoll Rand 11.7 Johnson Controls Inc. 11.8 Rockwell Automation 11.9 Schneider Electric 11.10 Siemens Building Technologies 11.11 Tyco International 11.12 Echelon 11.13 Bosch Security Systems 11.14 Ingersoll Rand Inc.
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001322828/buying
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Rajat Sahni
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Source: EmailWire.Com
Source: EmailWire.com
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