The 2023 report on the “Intelligent Evacuation System Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Intelligent Evacuation System Market is valued at approximately USD 0.64 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.00 % over the forecast period 2022-2028. Intelligent Evacuation System is a hardware and software solution designed to make individual safety evacuation protocols easier in the event of an emergency. The increased market for automated building solutions and rise in investment for smart cities projects has led to the adoption of Intelligent Evacuation System across the forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For Instance: The total allocated investments for the Smart City Mission stood at ~Rs. 205,018 crores (US$ 27.60 billion) as of March 2021. Of the total investments, 5,614 projects worth ~Rs. 173,018 crores (US$ 23.29 billion) have been tendered; work orders have been issued for 4,912 projects worth ~Rs. 139,851 crores (US$ 18.83 billion) and 2,420 projects worth ~Rs. 40,152 crores (US$ 5.40 billion) have been completed as of March 2021. Also, with the rise in investment in the R&D sector and increased adoption of voice evacuation systems, the adoption & demand for Intelligent Evacuation Systems is likely to increase the market growth during the forecast period. However, higher installation and maintenance costs impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Intelligent Evacuation System Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the rise in investment in the R&D sector along with technological advancements in integrated building technologies. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as rising government investment and presence of untapped markets in the region would create lucrative growth prospects for the Intelligent Evacuation System market across Asia-Pacific region.
Major market players included in this report are:
Siemens AG
ABB Group
Automated Logic
Beckhoff Automation GmbH & Co. KG
Eaton Corporation Plc
HOCHIKI Corporation
Honeywell International
Johnson Controls International Plc
Legrand
Robert Bosch GmbH
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Voice Evacuation System
Mass Notification System
Emergency Lighting
By End-Use:
Commercial
Industrial
Residential
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Which elements of this study are relevant to market analysis?
- The research offers a thorough analysis of market trends, along with details on regional usage and consumption.
- The growth rates of each area, including their respective nations, are included in market reports for the upcoming years.
- How are the major market players rated?
- A thorough study of the market’s top rivals is provided in this report.
- The study contains details about the major market vendors.
- Each company’s profile, revenue sources, and items produced are all covered in detail in the study.
- Along with the opinions of the top market participants, the study includes data and information about rival companies.
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