Intelligent Building Automation Technology also known as IBAT, is an interconnected framework of centralized automatic control. The technology primarily refers to automation and integration of various components including heating, ventilation and air conditioning (HVAC), lightings, safety & security and many other systems. The major objective of IBAT is to improve the occupant comfort and ergonomics, reduction of energy consumption and operational costs, enhancement of safety features and others. The technology efficiently manages activities within the infrastructural unit by its easy-to-use interfaces, which can be easily accessed using various electronic devices like smart phones and tablets. It is also being adopted as an Eco-Friendly technology as it helps reducing Co2 emissions.
The growing need for eco-friendly technologies and ability to reduce the operational costs has led the government to take initiatives for the growth and support of IBAT market. High profit margins in the industry is also an influential factor and has resulted into more number of players entering into the IBAT market. The need of up gradation of the safety and security systems is expected to propel the market. Nevertheless, the lack of technological awareness among the end users might pose a hindrance to the growth of the industry. The increasing adoption of Internet of Things is acting as a pathway for the future growth of the market.
The Intelligent Building Automation Technology Market is segmented by application, product, information technology, service, and geography. By Application, the market is segmented into HVAC, fire and life safety, lighting, building management systems, energy, explosive detectors, security and access control, screening solutions, car parking management and other applications. By product the market is segmented into life safety systems, physical security systems and facilities management systems. On the basis of information technology, the market is further categorized as computing hardware, networking equipment, computing software and computing & network services. By Services the market is segmented as, life safety services, physical security services, and facilities management services. On the basis of geography, the industry is segmented as North America, Europe, Asia-Pacific and Rest of the World (Latin America, Middle East and Africa).
Key Market Players include Siemens Building Technologies, Schneider Electricals, Honeywell International, Echelon Corporation, Bosch Security System, ABB, General Electric, Rockwell Automation, Tyco International and Ingersoll Rand.
Intelligent Building Automation Technology Market Segmentation
The market is segmented on the basis of Product, Information Technology, Services and Geography.
- Life Safety Systems
- Physical Security Systems
- Facilities Management Systems
- HVAC (Heating, Ventilating, and Air Conditioning)
- Fire and Life Safety
- Building Management Systems
- Security and Access control Systems
- Explosive Detector
- Screening Solutions
- Car Park Management Services
- Other Applications
By Information Technology
- Computing hardware
- Networking equipment
- Computer and Network Services
- Computing software
- Life Safety Service
- Facilities Management Service
- Physical Security Service
Intelligent Building Automation Technology Market By Geography
- North America
- Asia Pacific
- Rest of World(Latin America, Africa and Middle East)
Intelligent Building Automation Technology Market Key Market Players
- Siemens Building Technologies
- Schneider Electricals
- Honeywell International
- Echelon Corporation
- Bosch Security System
- General Electric
- Rockwell Automation
- Tyco International
- Ingersoll Rand