Intelligent Building Automation Market Overview:

Since ages man has been working towards the development that gives comfort and safety. One such invention is intelligent building automation. The Idea is based on IoT, which is a trendsetter of IT industry. Intelligent building helps in scrutinizing and maintaining the building easily by not only enhancing the efficiency of electricity used but also by increasing the productivity and comfort level of the user of a building.It offers numerous functions including ventilation, response demand automatically, faulty detections, handling light, heating, digital energy networks, A C management, buildings data analytics and micro-grid management.

Intelligent Building Automation Market Value Analysis Report:

The global market is projected to grow from USD 5.61 Billion in 2016 to USD 301.05 Billion by 2022, resulting growth rate at CAGR of 33 %.

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Intelligent Building Automation Market Growth, Opportunities:

The technology efficiently manages activities within the infrastructural unit by its usable interfaces, which can be easily accessed using various electronic devices like smartphones and tablets. It is also being adopted as an Eco-Friendly technology as it helps reducing carbon compound 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 the market. High profit margin in the industry is also an influential factor and has resulted into a greater number of players entering into the 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 be a drawback 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.

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Intelligent Building Automation Market Geographical Study Report:

North America, Europe, Asia Pacific, Middle East & Africa, and Latin Americaare the major regions affecting the market in a positive way.North America is expected to gain the highest revenue share in the market, owing to the constant development of technology and stringent government regulations to reduce carbon emission in the region. The Asia Pacific market is looking for the highest growth rate in the market due to the development of modern innovation such as face sensors, voice-controlled smart home devices, fingerprint scanners and rising demand for smart homes in the region.

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Intelligent Building Automation Market Key Players:

Major players of the market are ABB Group, Siemens AG, Schneider Electric, Cisco Systems, Inc., International Business Machines Corporation, Delta Controls, Johnson Controls, Honeywell International Inc, United Technologies Corporation, Legrand, and BuildingIQ.

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