Asia Pacific Intelligent Evacuation System Market By End Users (Commercial, Industrial, Residential), Types (Voice Evacuation System, Mass Evacuation System, Emergency Lighting)
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The Asia Pacific Intelligent Evacuation System Market would witness market growth of 6.5% CAGR during the forecast period (2017 - 2023). The intelligent evacuation system market has witnessed rapid growth due to the growing demand for building automation and control system, need for advanced emergency response systems, supportive industry standards and regulatory compliance, increased application areas, and demand from developing economies.
Factors such as higher installation and maintenance costs and a dearth of trained professionals have been the reasons hindering the market expansion. Intelligent Evacuation System is an integrated hardware and software solution that is used in facilitating the safety protocols in case of emergencies. The technology has a notification and alerting medium that supports smooth and hassle-free evacuation procedure during challenging circumstances such as fire situations, toxic incidents, extreme weather conditions, violence, and others.
Based on End Users, the market report segments the market into Commercial, Industrial, and Residential. Based on Types, the Asia Pacific Intelligent Evacuation System market segments the market into Voice Evacuation System, Mass Evacuation System, and Emergency Lighting. Based on Countries, the Asia Pacific Intelligent Evacuation System market segments the market into Germany, China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the Asia Pacific Intelligent Evacuation System Market. Key companies profiled in the report include Robert Bosch GmbH, HOCHIKI Corporation, Honeywell International, Johnson Controls International Plc., Siemens AG, Legrand, ABB Group, Automated Logic Corporation, Beckhoff Automation GmbH & Co. KG, and Eaton Corporation Plc.