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Intelligent evacuation system Market by Type (Voice Evacuation System, Mass Notification System, and Emergency Lighting) and by End User (Commercial, Industrial, and Residential) - Global Opportunity Analysis and Industry Forecast, 2016-2023

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Pages: 120
Sep 2017 | 1063 Views
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Author's : Pankaj Lanjudkar
Tables: 59
Charts: 45
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Intelligent Evacuation System Market Overview:

Intelligent Evacuation System Market an integrated hardware and software solution developed to facilitate the safety protocol of individuals in case of emergencies. This system establishes a notification and alerting medium that supports smooth and hassle-free evacuation procedure during variety of changing event circumstances such as fire situation, toxic incident, extreme weather condition, violence, and others. The intelligent evacuation system market is influenced by the rise in demand for technologically advanced products, increase in need for quick response management for emergency incidences, and supportive regulatory structure.

The global intelligent evacuation system market is segmented based on type, end user, and geography. By type, the market is divided into voice evacuation system, mass notification system, and emergency lighting. On the basis of end user, it is classified into commercial, industrial, and residential. Based on geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The Global Intelligent Evacuation System Market Segmentation

The Global Intelligent Evacuation System Market Segmentation

The global intelligent evacuation system market was valued at $504 million in 2016, and is projected to reach $775 million by 2023, growing at a CAGR of 6.7% from 2017 to 2023. The major factors that drive the intelligent evacuation system market growth are technological innovation in product offerings, rise in adoption for building automation and control systems, increase in application areas among end users, and heavy venture capital investments in R&D activities to develop solutions with enhanced capabilities.

The Europe intelligent evacuation system market generated the highest revenue in 2016, attributed to rise in demand for advanced products and government regulations related to safety measures is expected to stimulate end users to enhance their safety needs for infrastructure development. The Asia-Pacific intelligent evacuation system market is expected to grow at the highest CAGR, owing to the presence of untapped demands and surge in need for better evacuation solutions.

The key players operating in the global intelligent evacuation system industry include Robert Bosch GmbH, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc, Siemens AG, Legrand, ABB Group, Automated Logic, Beckhoff Automation GmbH & Co. KG, Eaton Corporation Plc, and others. These players have expanded their market presence by adopting various business strategies, such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.

Top Investment Pockets

The following graph signifies the potential of the global intelligent evacuation system market growth by region. It is evident from the figure that the Asia-Pacific is the top investment pocket for the market owing to the factors such as increase in adoption of intelligent evacuation system among end users and presence of untapped demands in the countries such as China, Japan, and Australia. LAMEA is projected to be the second-most lucrative segment owing to the factors such as economic growth in Central America and Latin America.

Intelligent Evacuation System Market Top investment pockets

Top Impacting Factors

The global intelligent evacuation system market is influenced by a number of factors including growth in demand for building automation and control system, rise in need for advanced emergency response systems, supportive industry standards and regulatory compliance, increased application areas, higher installation and maintenance costs, demand from developing economies, and dearth of trained professionals. These factors collectively provide opportunities for the market growth. However, each factor has its definite impact on the market.

Following are the key factors affecting the global intelligent evacuation system market share.

Top Impacting Factors

INTELLIGENT EVACUATION SYSTEM MARKET TOP IMPACTING FACTORS

Key Benefits

  • In-depth analysis of the market and dynamics is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on prevailing opportunities.
  • Porter’s Five Forces analysis examines the competitive structure of the market and provides a clear understanding of the factors that influence the market entry and expansion.
  • A detailed analysis of the geographical segments enables identification of profitable segments for market players in the global intelligent evacuation system industry.
  • Comprehensive analysis of the trends, sub-segments, and key revenue pockets are provided.
  • Detailed analysis of the key players operating in the industry and their business strategies are anticipated to assist stakeholders to take informed business decisions.

Intelligent Evacuation System Market Key Segments:

By Deployment

  • Voice Evacuation System
  • Mass Notification System
  • Emergency Lighting

By End Users

  • Commercial
  • Industrial
  • Residential

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

The key players profiled in the report are as follows:

  • Robert Bosch GmbH
  • HOCHIKI Corporation
  • Honeywell International
  • Johnson Controls International Plc
  • Siemens AG
  • Legrand
  • ABB Group
  • Automated Logic
  • Beckhoff Automation GmbH & Co. KG
  • Eaton Corporation Plc
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. KEY MARKET SEGMENTATION
1.5. RESEARCH METHODOLOGY

1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. low bargaining power of suppliers
3.3.2. low bargaining power of buyers
3.3.3. Moderate-to-high threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate-to-high competitive rivalry

3.4. KEY PLAYER POSITIONING, 2016 (%)
3.5. MARKET DYNAMICS

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

Chapter: 4 GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET, BY TYPE

4.1. OVERVIEW
4.2. VOICE EVACUATION SYSTEM

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. MASS NOTIFICATION SYSTEM

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. EMERGENCY LIGHTING

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

Chapter: 5 GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET, BY END-USER

5.1. OVERVIEW
5.2. COMMERCIAL

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. INDUSTRIAL

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. RESIDENTIAL

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

Chapter: 6 INTELLIGENT EVACUATION SYSTEM MARKET, BY REGION

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.2.3.1. Market size and forecast by country
6.2.3.2. Market size and forecast by Type
6.2.3.3. Market size and forecast by End-User
6.2.3.4. U.S.
6.2.3.5. Market size and forecast

6.2.3.5.1. Market size and forecast by Type
6.2.3.5.2. Market size and forecast by End-User

6.2.3.6. Canada
6.2.3.7. Market size and forecast

6.2.3.7.1. Market size and forecast by Type
6.2.3.7.2. Market size and forecast by End-User

6.2.3.8. Mexico
6.2.3.9. Market size and forecast

6.2.3.9.1. Market size and forecast by Type
6.2.3.9.2. Market size and forecast by End-User

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.3.3.1. Market size and forecast by country
6.3.3.2. Market size and forecast by Type
6.3.3.3. Market size and forecast by End-User
6.3.3.4. UK
6.3.3.5. Market size and forecast

6.3.3.5.1. Market size and forecast by Type
6.3.3.5.2. Market size and forecast by End-User

6.3.3.6. Germany
6.3.3.7. Market size and forecast

6.3.3.7.1. Market size and forecast by Type
6.3.3.7.2. Market size and forecast by End-User

6.3.3.8. France
6.3.3.9. Market size and forecast

6.3.3.9.1. Market size and forecast by Type
6.3.3.9.2. Market size and forecast by End-User

6.3.3.10. Rest of Europe
6.3.3.11. Market size and forecast

6.3.3.11.1. Market size and forecast by Type
6.3.3.11.2. Market size and forecast by End-User

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.4.3.1. Market size and forecast by country
6.4.3.2. Market size and forecast by Type
6.4.3.3. Market size and forecast by End-User
6.4.3.4. China
6.4.3.5. Market size and forecast

6.4.3.5.1. Market size and forecast by Type
6.4.3.5.2. Market size and forecast by End-User

6.4.3.6. India
6.4.3.7. Market size and forecast

6.4.3.7.1. Market size and forecast by Type
6.4.3.7.2. Market size and forecast by End-User

6.4.3.8. Japan
6.4.3.9. Market size and forecast

6.4.3.9.1. Market size and forecast by Type
6.4.3.9.2. Market size and forecast by End-User

6.4.3.10. Rest of Asia-Pacific
6.4.3.11. Market size and forecast

6.4.3.11.1. Market size and forecast by Type
6.4.3.11.2. Market size and forecast by End-User

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.5.3.1. Market size and forecast by region
6.5.3.2. Market size and forecast by Type
6.5.3.3. Market size and forecast by End-User
6.5.3.4. Latin America
6.5.3.5. Market size and forecast

6.5.3.5.1. Market size and forecast by Type
6.5.3.5.2. Market size and forecast by End-User

6.5.3.6. Middle East
6.5.3.7. Market size and forecast

6.5.3.7.1. Market size and forecast by Type
6.5.3.7.2. Market size and forecast by End-User

6.5.3.8. Africa
6.5.3.9. Market size and forecast

6.5.3.9.1. Market size and forecast by Type
6.5.3.9.2. Market size and forecast by End-User

Chapter: 7 COMPANY PROFILES

7.1. ROBERT BOSCH GMBH.

7.1.1. Company Overview
7.1.2. Financial performance
7.1.3. Key strategies & developments

7.2. HOCHIKI CORPORATION

7.2.1. Company Overview
7.2.2. Financial performance
7.2.3. Key strategies & developments

7.3. HONEYWELL INTERNATIONAL

7.3.1. Company Overview
7.3.2. Financial performance
7.3.3. Key strategies & developments

7.4. JOHNSON CONTROLS INTERNATIONAL PLC

7.4.1. Company Overview
7.4.2. Financial performance
7.4.3. Key strategies & developments

7.5. SIEMENS AG

7.5.1. Company Overview
7.5.2. Financial performance
7.5.3. Key strategies & developments

7.6. LEGRAND

7.6.1. Company Overview
7.6.2. Financial performance
7.6.3. Key strategies & developments

7.7. ABB GROUP

7.7.1. Company Overview
7.7.2. Financial performance
7.7.3. Key strategies & developments

7.8. AUTOMATED LOGIC

7.8.1. Company Overview
7.8.2. Financial performance
7.8.3. Key strategies & developments

7.9. BECKHOFF AUTOMATION GMBH & CO. KG

7.9.1. Company Overview
7.9.2. Financial performance
7.9.3. Key strategies & developments

7.10. EATON CORPORATION PLC

7.10.1. Company Overview
7.10.2. Financial performance
7.10.3. Key strategies & developments

LIST OF TABLES

TABLE 1. GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 2. VOICE EVACUATION SYSTEM MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 3. MASS NOTIFICATION SYSTEM MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 4. EMERGENCY LIGHTING MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 5. GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET REVENUE, BY END-USER, 2016-2023 ($MILLION)
TABLE 6. COMMERCIAL MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 7. INDUSTRIAL MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 8. RESIDENTIAL MARKET BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 9. INTELLIGENT EVACUATION SYSTEM MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 10. NORTH AMERICA: INTELLIGENT EVACUATION SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 11. NORTH AMERICA: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 12. NORTH AMERICA: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 13. US: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 14. US: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 15. CANADA: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 16. CANADA: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 17. MEXICO: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 18. MEXICO: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 19. EUROPE: INTELLIGENT EVACUATION SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. EUROPE: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 21. EUROPE: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 22. UK: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 23. UK: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 24. GERMANY: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 25. GERMANY: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 26. FRANCE: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 27. FRANCE: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 28. REST OF EUROPE: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 29. REST OF EUROPE: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 30. ASIA-PACIFIC: INTELLIGENT EVACUATION SYSTEM MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 31. ASIA-PACIFIC: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 33. CHINA: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 34. CHINA: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 35. INDIA: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 36. INDIA: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 37. JAPAN: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 38. JAPAN: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 39. REST OF ASIA-PACIFIC: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 40. REST OF ASIA-PACIFIC: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 41. LAMEA: INTELLIGENT EVACUATION SYSTEM MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 42. LAMEA: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 43. LAMEA: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 44. LATIN AMERICA: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 45. LATIN AMERICA: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 46. MIDDLE EAST: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 47. MIDDLE EAST: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 48. AFRICA: INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE, 2016-2023 ($MILLION)
TABLE 49. AFRICA: INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER, 2016-2023 ($MILLION)
TABLE 50. COMPANY SNAPSHOT: ROBERT BOSCH GMBH.
TABLE 51. COMPANY SNAPSHOT: HOCHIKI CORPORATION
TABLE 52. COMPANY SNAPSHOT: HONEYWELL INTERNATIONAL
TABLE 53. COMPANY SNAPSHOT: JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 54. COMPANY SNAPSHOT: SIEMENS AG
TABLE 55. COMPANY SNAPSHOT: LEGRAND
TABLE 56. COMPANY SNAPSHOT: ABB GROUP
TABLE 57. COMPANY SNAPSHOT: AUTOMATED LOGIC
TABLE 58. COMPANY SNAPSHOT: BECKHOFF AUTOMATION GMBH & CO. KG
TABLE 59. COMPANY SNAPSHOT: EATON CORPORATION PLC

LIST OF FIGURES

FIGURE 1. KEY MARKET SEGMENTATION
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. TOP INVESTMENT POCKETS IN THE GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. TOP WINNING STRATEGY
FIGURE 6. BARGAINING POWER OF SUPPLIERS
FIGURE 7. BARGAINING POWER OF BUYERS
FIGURE 8. THREAT OF SUBSTITUTES
FIGURE 9. THREAT OF NEW ENTRANTS
FIGURE 10. COMPETITIVE RIVALRY
FIGURE 11. KEY PLAYER POSITIONING OF GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET, 2016 (%)
FIGURE 12. MARKET DYNAMICS
FIGURE 13. INTELLIGENT EVACUATION SYSTEM MARKET BY TYPE
FIGURE 14. GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
FIGURE 15. INTELLIGENT EVACUATION SYSTEM MARKET BY END-USER
FIGURE 16. GLOBAL INTELLIGENT EVACUATION SYSTEM MARKET REVENUE, BY END-USER, 2016-2023 ($MILLION)
FIGURE 17. INTELLIGENT EVACUATION SYSTEM MARKET, BY REGION
FIGURE 18. NORTH AMERICA: INTELLIGENT EVACUATION SYSTEM MARKET
FIGURE 19. U.S. INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 20. CANADA INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 21. MEXICO INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 22. EUROPE: INTELLIGENT EVACUATION SYSTEM MARKET
FIGURE 23. U.K. INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 24. GERMANY INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 25. FRANCE INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 26. REST OF EUROPE INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 27. ASIA-PACIFIC: INTELLIGENT EVACUATION SYSTEM MARKET
FIGURE 28. CHINA INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 29. INDIA INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 30. JAPAN INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 31. REST OF ASIA-PACIFIC INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 32. LAMEA: INTELLIGENT EVACUATION SYSTEM MARKET
FIGURE 33. LATIN AMERICA INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 34. MIDDLE EAST INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 35. AFRICA INTELLIGENT EVACUATION SYSTEM MARKET, 2016-2023 ($MILLION)
FIGURE 36. FINANCIAL PERFORMANCE: ROBERT BOSCH GMBH.
FIGURE 37. FINANCIAL PERFORMANCE: HOCHIKI CORPORATION
FIGURE 38. FINANCIAL PERFORMANCE: HONEYWELL INTERNATIONAL
FIGURE 39. FINANCIAL PERFORMANCE: JOHNSON CONTROLS INTERNATIONAL PLC
FIGURE 40. FINANCIAL PERFORMANCE: SIEMENS AG
FIGURE 41. FINANCIAL PERFORMANCE: LEGRAND
FIGURE 42. FINANCIAL PERFORMANCE: ABB GROUP
FIGURE 43. FINANCIAL PERFORMANCE: AUTOMATED LOGIC
FIGURE 44. FINANCIAL PERFORMANCE: BECKHOFF AUTOMATION GMBH & CO. KG
FIGURE 45. FINANCIAL PERFORMANCE: EATON CORPORATION PLC

 

Intelligent evacuation system forms an integral part of building safety and emergency response solutions. These systems are able to generate intelligent evacuation protocol to cater to the high-risk situation specific needs of customers, which allows it to become one of the most popular industry solution worldwide. Further, the unprecedented growth in the building automation and control system market predominantly drives the intelligent evacuation system market for intelligent evacuation framework in the emergency response ecosystem. The global intelligent evacuation system market is estimated to witness significant growth in Asia-Pacific and LAMEA, on account of rise in demand for intelligent building structures in countries, such as India, China, Germany, and Japan. The intelligent evacuation system market share is projected to grow at a CAGR of 6.7% from 2017 to 2023, owing to increase in demand for application-specific products in the developed and the developing regions.

There is an increase in the adoption of intelligent evacuation system in the commercial and industrial building architecture, engineering & construction industry due to increased penetration of smart buildings and smart city projects. The intelligent evacuation system market is influenced by the rise in demand for technologically advanced products, increase in need for quick response management for emergency incidences, and supportive regulatory structure. However, higher installation and maintenance costs and dearth of trained professionals limit the market growth.

India is the most attractive market in Asia-Pacific and is estimated to increase at a significant rate, owing to the surge in development across end-use sectors and the increase in adoption of advanced technology to develop innovative evacuation solutions.

Key players in the intelligent evacuation system market are involved in the introduction of new features and capabilities, to enhance their existing product portfolio. This is anticipated to increase the product penetration and enable key providers to establish themselves in the emerging markets. For instance, in May 2017, Robert Bosch GmbH introduced the updated version of PAVIRO public address and voice evacuation system with improved hardware and software capabilities.

 

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