Major social, economic, technological and environmental trends are changing the way we work and learn. These changes will in turn create a rise in demand for commercial buildings. There would be an increase in personalized control of lighting, temperature, ventilation and other aspects of interior environment to enhance the productivity of knowledge workers.
This has given rise to intelligent buildings. An intelligent building is the one that maximizes the efficiency of its occupants and allows effective management of resource with minimum costs. The report quantifies the global intelligent building automation technologies market based on systems, services and information technology required to make a building intelligent. The study also includes the profiles and major developments of market players facilitating the development of intelligent buildings.
Some of the factors, which are driving the intelligent building automation technology market, are, intelligent building reduces CO2 emissions by buildings, reduces operational & energy costs. These technologies identify the problems in a building at a very early stage and enhance security and safety of people living in it as well as enhance the life span of the building. Although these buildings are a bit costly when compared to traditional buildings, but the factors mentioned above are giving reasons for buyers and developers to invest and construct intelligent buildings.
The intelligent building automation technologies systems provides enterprise energy management, automated fault detection, central plant optimization, digital energy network, automated demand response, virtual power plant, microgrid management, and building data analytics and puts all the building systems in the hands of the operator via user-friendly and single interface software which can be accessed from anywhere using laptop, tablet or smart phone by the operator. The entire building's systems can be configured from the interface, such as air-conditioning, lighting, blinds, mass notification systems and energy usage.
The IBAS solutions increases operational efficiency, increase the comfort of occupants and reduces energy as well as operational costs. The Intelligent Building Automation Technologies solutions will find more traction in the future, as vendors in this space are developing solutions to integrate BAS and IP networks and making the BAS software more open to third party systems used in the building.
The Intelligent Building Automation Technologies market is finding an increased rate of adoption by end-users due to advancements in the technologies. The Intelligent Building Automation Technologies market is currently dominated by companies like General Electric, Siemens Building Technologies, Schneider Electric, Azbil Corporation, Ingersoll Rand, Eaton Corporation, ABB, Honeywell, Johnson Controls and Rockwell Automation.