According to the latest report by IMARC Group, “Global Intelligent Evacuation System Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global intelligent evacuation system market reached a value of US$ 674.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 950.82 Million by 2027, exhibiting a CAGR of 5.70% during 2022-2027.
An intelligent evacuation system is an emergency management system that uses advanced technology to detect and respond to emergencies. It uses a combination of sensors, algorithms, and communication technologies to provide real-time information and guidance to building occupants during an emergency evacuation. It offers numerous advantages, including faster response times, more accurate information, notifying personnel, and better guidance as compared to traditional emergency management systems. At present, it finds extensive application in stairs, elevators, sky-bridges, high-rise buildings, industrial plants, shopping malls, and movie theaters across the globe.
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Intelligent Evacuation System Market Trends:
Rapid urbanization and the growing concerns about safety and security in workplaces currently represent one of the key factors positively influencing the market across the globe. In addition, governments of various countries are imposing stringent security and safety regulations in public spaces. This coupled with the increasing adoption of smart building technologies, such as sensors, automation systems, and communication technologies for providing better and more efficient emergency management is bolstering the market growth.
Moreover, the increasing usage of wireless communication technologies, including Wi-Fi and Bluetooth that assists in faster and more reliable communication during emergencies are fueling the market growth. Furthermore, the rising awareness about the benefits of intelligent evacuation systems is stimulating the growth of the market.
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Global Intelligent Evacuation System Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- ABB Ltd
- Hochiki Corporation
- Honeywell International Inc.
- Johnson Controls International Plc
- Automated Logic Corporation (Carrier Global Corporation)
- Beckhoff Automation GmbH & Co. KG
- Eaton Corp. Plc
- Legrand
- Robert Bosch GmbH
- Siemens AG.
The report has segmented the market on the basis of deployment, end users and region.
Breakup by Deployment:
- Voice Evacuation System
- Mass Notification System
- Emergency Lighting
Breakup by End Users:
- Commercial
- Industrial
- Residential
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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