Market Research Report on Intelligent Building Automation Technologies
- Submitted by: Marshwilliam
- Views: 69
- Category: Other
- Date Submitted: 06/26/2016 11:44 PM
- Pages: 4
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Increasing demand of efficient building management system through various mobile devices is expected to drive the intelligent building automation system (BAS) market in coming five years. Reducing operating costs of the systems, focus on eliminating CO2 emissions, initiatives taken by governments, growth opportunities for developers, benefits for real estate developers and high return on investment for the end users are going to expel the market growth over the forecast period. Growing need for better security and safety in intelligent buildings is also expected to considerably augment the market growth in next five years. Implementation of various protocols of building automation, providing technological information, development of open ended architecture and adoption of intelligent building systems in residential buildings are expected to impact the market growth on a large scale. Increasing usage of mobile devices and IT applications is also going to spur the market growth significantly. However, lack of awareness among the end users, unavailability of skilled workers, lack of promotions and high initial installment costs are projected as challenges for market growth over the forecast period. Development of wide-ranging valuation model and commoditization of the systems may offer market opportunities for the players. Lack of uniformity and misaligned regulations in the adoption of technology are expected to be the major concerns for the market growth
Browse Detail Report with TOC @
http://www.hexaresearch.com/research-report/intelligent-building-automation-technologies-industry/
Product Insights
Life safety systems include fire security system, gas leakage alert system and earthquake alert system. These products are going to witness the fastest growth over the forecast period Physical security products are going to grow on a large scale followed by facilities management systems.
Application Insights
Key applications include lighting, fire & life...
Browse Detail Report with TOC @
http://www.hexaresearch.com/research-report/intelligent-building-automation-technologies-industry/
Product Insights
Life safety systems include fire security system, gas leakage alert system and earthquake alert system. These products are going to witness the fastest growth over the forecast period Physical security products are going to grow on a large scale followed by facilities management systems.
Application Insights
Key applications include lighting, fire & life...