Intelligent building is defined as an infrastructure which is based on a robust, open operating system that supports a well-connected and integrated network of building systems and controls. Intelligent building adjusts the internal functional aspects such as lighting, temperature, fire-fighting, ventilation, air-conditioning, parking, and water management, automatically with the changes in environmental conditions controlled by automated systems. The global intelligent building market was valued at $ 12,371 million in 2017, and is projected to reach $ 42,649 million by 2024, growing at a CAGR of 19.6% from 2018 to 2024.
Factors such as need for advanced energy efficient interventions, increased market for building automation and control systems, supportive regulatory structures and policies, and increased adoption of building energy management systems drive the intelligent building market growth. However, high investment cost and complex interoperability of the different systems installed for managing the smart building are expected to impede the growth of the intelligent building market. Furthermore, proactive government support for infrastructural expenditure and rise in development of smart cities are anticipated to present lucrative opportunities for intelligent building market growth in the near future.
The global intelligent building market is segmented into component, type, end user, and region. By component, the intelligent building market is divided into hardware, software, and services. By type, it is categorized into intelligent security system, building energy management system, infrastructure management system, and network management system. Based on end user, it is classified into commercial, industrial, and residential. Based on region, the intelligent building market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report includes the profiles of key players such as ABB, Cisco Systems, Inc., Delta Controls, Honeywell International Inc., Intel Corporation, Johnson Controls, Legrand, Schneider Electric, Siemens AG, and United Technologies Corporation.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global intelligent building market along with current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global intelligent building market from 2017 to 2024 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT
Hardware
Software
Service
BY TYPE
Intelligent Security System
Building Energy Management System
Infrastructure Management System
Network Management System
BY END USER
Commercial
Industrial
Residential
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS
ABB,
Cisco Systems, Inc.
Delta Controls
Honeywell International Inc.
Intel Corporation
Johnson Controls
Legrand
Schneider Electric
Siemens AG
United Technologies Corporation
Factors such as need for advanced energy efficient interventions, increased market for building automation and control systems, supportive regulatory structures and policies, and increased adoption of building energy management systems drive the intelligent building market growth. However, high investment cost and complex interoperability of the different systems installed for managing the smart building are expected to impede the growth of the intelligent building market. Furthermore, proactive government support for infrastructural expenditure and rise in development of smart cities are anticipated to present lucrative opportunities for intelligent building market growth in the near future.
The global intelligent building market is segmented into component, type, end user, and region. By component, the intelligent building market is divided into hardware, software, and services. By type, it is categorized into intelligent security system, building energy management system, infrastructure management system, and network management system. Based on end user, it is classified into commercial, industrial, and residential. Based on region, the intelligent building market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report includes the profiles of key players such as ABB, Cisco Systems, Inc., Delta Controls, Honeywell International Inc., Intel Corporation, Johnson Controls, Legrand, Schneider Electric, Siemens AG, and United Technologies Corporation.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global intelligent building market along with current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global intelligent building market from 2017 to 2024 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT
Hardware
Software
Service
BY TYPE
Intelligent Security System
Building Energy Management System
Infrastructure Management System
Network Management System
BY END USER
Commercial
Industrial
Residential
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS
ABB,
Cisco Systems, Inc.
Delta Controls
Honeywell International Inc.
Intel Corporation
Johnson Controls
Legrand
Schneider Electric
Siemens AG
United Technologies Corporation
Frequently Asked Questions about the Global Intelligent Building Market
What is the estimated value of the Global Intelligent Building Market?
What is the growth rate of the Global Intelligent Building Market?
What is the forecasted size of the Global Intelligent Building Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 225 |
| Published | April 2018 |
| Forecast Period | 2017 - 2024 |
| Estimated Market Value ( USD | $ 12371 million |
| Forecasted Market Value ( USD | $ 42649 million |
| Compound Annual Growth Rate | 19.3% |
| Regions Covered | Global |
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INTELLIGENT BUILDING MARKET BY COMPONENT
CHAPTER 5: INTELLIGENT BUILDING MARKT BY TYPE
CHAPTER 6: INTELLIGENT BUILDING MARKT BY END USER
CHAPTER 7: INTELLIGENT BUILDING MARKET BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to a recent report titled, Intelligent Building Market by Component, Type, and End User: Global Opportunity Analysis and Industry Forecast, 20172024, the global intelligent building market was valued at $12,371 million in 2017, and is projected to reach at $42,649 million by 2024, growing at a CAGR of 19.6% from 2018 to 2024.Rise in need for new energy efficient interventions, increased market for Building automation and control systems, supportive industry standards and regulations toward smart buildings, and extensive IoT penetration in building management systems drive the growth of the global intelligent building market. However, high initial investment and complex interoperability between various systems and devices deployed for managing infrastructure hampers the intelligent building market growth.
Based on type, the intelligent security system segment led the intelligent building market in 2017 and is projected to maintain its dominance in the future. However, the building energy management system segment is expected to witness the highest growth, owing to its increased adoption due to different initiatives taken by countries to reduce the carbon emission and for energy conservation.
Europe generated the highest revenue in 2017; however, the Asia-Pacific segment is anticipated to witness the fastest growth registering a CAGR of 23.2% during the forecast period.
Key findings of the Intelligent Building Market:
The services segment is expected to exhibit significant increase in the global intelligent building market during the forecast period.
Based on type, the intelligent security system segment generated the highest revenue in 2017.
In 2017, the commercial segment accounted for the highest revenue among the other end user.
Europe generated the highest revenue in 2017.
Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Some of the key players operating in the intelligent building market that are profiled in the report include ABB, Cisco Systems, Inc., Delta Controls, Honeywell International Inc., Intel Corporation, Johnson Controls, Legrand, Schneider Electric, Siemens AG, and United Technologies Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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