The global demand for Intelligent Evacuation System Market is presumed to reach the market size of nearly USD 48.98 BN by 2028 from USD 22.02 BN in 2021 with a CAGR of 12.1% under the study period 2022 - 2028.
An Intelligent Evacuation System (IES) is a system designed to assist in evacuating a building or other facility in an emergency. It is an advanced version of traditional fire alarm systems that includes additional features such as real-time monitoring, automatic alarm activation, and real-time guidance for occupants. IESs use a variety of sensors and other devices to monitor the building, detect potential emergencies, and activate alarms and other evacuation protocols as needed.
Market Dynamics
The growing concern for public safety is a major driver of the IES market. The increasing number of natural disasters, terrorist attacks, and other emergencies has increased awareness of the importance of emergency evacuation systems. Moreover, the increasing adoption of smart building technology is also driving the growth of the IES market. Along with this, the growing demand for energy-efficient, green buildings and the growing number of regulations and standards for building safety is driving the growth of the IES market. However, the high installation and maintenance costs are expected to limit the market's growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of intelligent evacuation system. The growth and trends of intelligent evacuation system industry provide a holistic approach to this study.
Market Segmentation
This section of the intelligent evacuation system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Voice Evacuation System
- Mass Notification System
- Emergency Lighting
By End User
- Commercial
- Industrial
- Residential
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Intelligent Evacuation System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Intelligent Evacuation System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the intelligent evacuation system market include ABB Group, Automated Logic, Beckhoff Automation GmbH & Co. KG, Eaton Corporation Plc, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc, Legrand, Robert Bosch GmbH, and Siemens AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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