DUBLIN--(BUSINESS WIRE)--The "Intelligent Evacuation System Market by Type - Global Opportunity Analysis and Industry Forecast, 2016-2023" report has been added to ResearchAndMarkets.com's offering.
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.
Intelligent evacuation system is a type of alert and response generation facility designed to enhance the safety level of individuals endangered due to the occurrence of an emergency situation. It facilitates a suitable and safe evacuation procedure. This system conducts orderly evacuation and notifies building and surrounding occupants of variety of changing event circumstances, such as fire situation, toxic incident, extreme weather condition, violence, and others. It generally consists of a set of hardware and software that enables automated response solution.
The intelligent evacuation system market is expected to experience significant growth during the forecast period, owing to technological innovation in product offerings, rise in adoption for building automation and control system solutions, increase in application areas among end users, and heavy venture capital investments in R&D activities to develop solutions with enhanced capabilities. Moreover, constant development of the supportive regulatory structure fuels the demand for intelligent evacuation system products. In addition, increase in adoption of smart construction is expected to boost the intelligent evacuation system market growth in the coming years. However, high initial costs of implementation and dearth of trained professionals to implement the right solution for the specific needs among consumers hinders the growth of the market.
- Robert Bosch GmbH
- HOCHIKI Corporation
- Honeywell International
- Johnson Controls International Plc
- Siemens AG
- ABB Group
- Automated Logic
- Beckhoff Automation GmbH & Co. KG
- Eaton Corporation Plc
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Intelligent Evacuation System Market, By Type
Chapter 5 Global Intelligent Evacuation System Market, By End-User
Chapter 6 Intelligent Evacuation System Market, By Region
Chapter 7 Company Profiles
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