21 September 2018: The Smart
building market is expected to witness significant growth over the
forecast period owing to rising demand of energy efficient sources, increasing
need of safety & security and growing demand of comfort in buildings. Smart
building is a combination of several systems including technology, energy and
telecommunication and through these systems it achieves low operational and
maintenance costs thus helping in minimizing the greenhouse gas (GHG)
emissions. The market is anticipated to see high demand majorly in commercial and
residential sectors owing to rising stringent emission norms and high energy
cost.
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Rising
technological advancements through R&D endeavors, increasing government
regulations and growing need for security & safety are anticipated to
propel the smart building market growth over the next seven years. However,
rising cost of initial installation and assembly is projected to challenge the
market growth. The development of smart cities and smart grids is projected to
create considerable opportunities for smart buildings market growth.
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| Smart Building Market |
Smart
buildings are preferably incorporated with real-time systems that manage the
functioning of a building through a single interface. Smart buildings rely
majorly on the use of software and hardware that helps in improving life span
of a building by tracking issues and alarming the residents at the same point
of time. Building automation system (BAS) coupled with other network
technologies help in enabling the easy installation and bringing efficient
building operations. Cloud based technology and wireless technology have great
potential over the next seven years primarily owing to growing awareness of
people in using wire free tools and energy efficient technologies, thus
achieving smooth communication system function.
Market Segment:
This report studies the global Smart
Building market, analyzes and researches the Smart Building development status
and forecast in United States, EU, Japan, China, India and Southeast Asia. This
report focuses on the top players in global market, like
•
ABB Group
•
Siemens
•
Schneider Electric
•
Cisco Systems
•
International Business Machines Corporation
•
Delta Controls
•
Johnson Controls
•
Honeywell International
•
United Technologies Corporation
•
Legrand
•
BuildingIQ
Market segment by Regions/Countries,
this report covers
•
United States
•
EU
•
Japan
•
China
•
India
•
Southeast Asia
Market segment by Type, the product can
be split into
•
Building Automation Software
•
Services
Market segment by Application, Smart
Building can be split into
•
Intelligent Security System
•
Building Energy Management System
•
Infrastructure Management
•
Network Management System
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