Intelligent Building Automation Technologies (IBAT) is a set of technology-based solutions used to automate and optimize the operation of a building’s systems. This includes HVAC, lighting, security, fire, and access control as well as other building management systems. IBAT has a wide range of applications, from increasing energy efficiency to improving occupant comfort and safety.
The Asia Pacific region is expected to be the largest consumer of IBAT due to strong economic growth and government initiatives to promote energy efficiency. In addition, the growing demand for smart buildings in the developed regions of Europe and North America is also driving the global IBAT market. The key players in the market include Siemens, Honeywell, Johnson Controls, ABB, Schneider Electric, and many others.
The global Intelligent Building Automation Technologies market was valued at US$ 82330 million in 2022 and is anticipated to reach US$ 124940 million by 2029, witnessing a CAGR of 7.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Intelligent Building Automation Technologies Market available at: https://www.themarketreports.com/report/global-intelligent-building-automation-technologies-market-research-report
This report aims to provide a comprehensive presentation of the global market for Intelligent Building Automation Technologies, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Intelligent Building Automation Technologies.
Global Intelligent Building Automation Technologies key players include Siemens Building Technologies, Johnson Control, United Technologies Corporation, etc. Global top three manufacturers hold a share about 30%.
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