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Smart building Market Report 2018

Added: (Thu Feb 07 2019)

Pressbox (Press Release) - Smart building is a solution that transforms an automated building into an intelligent building. It integrates building management systems (BMS) with business systems and provides data analytical tools to all standalone systems to enable the control systems capabilities of making decisions. Smart buildings have automated seamless integration of all the standalone system backed by building Internet of things (BIoT) to make each device intelligent to understand the environment beyond the provided controls and work. Smart buildings can generate analytical reports with the help of analytical tools of cloud or big data to help managers understand the trends and how optimization can be achieved further.

The Building management system (BMS) segment held the maximum market shares during 2017. The segment is expected to retain its market domIinance due to the increasing industrial development, commercialization, and awareness of the effective utilization of energy and building optimization in regions such as EMEA and APAC. Furthermore, the technological innovations such as the Internet of things (IoT), analytics, and cloud computing for effective monitoring, controlling, and operating building facilities will also propel the adoption of BMS.

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During 2017, the software segment accounted for the major shares of the smart buildings market. The increasing demand from end-users to make the buildings efficient and cost-effective will contribute to the growth of this market segment in the coming years. The rapid growth in commercial places such as hotels, resorts, airports, and amusement parks will also drive the revenues for the software solutions segment.

The key players covered in this study

Honeywell

Siemens

Schneider Electric

Johnson Controls

United Technologies

Bosch Security Systems

ABB

Advantech

Cisco

Control4

Emerson

IBM

Panasonic

Verdigris Technologies

Legrand

BuildingIQ

Delta Controls

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Market segment by Type, the product can be split into

Building Management System (BMS)

Heating, Ventilating, and Air Conditioning (HVAC)

Lighting Control

Security and Access Control

Emergency Alarm and Evacuation System

Audio and Visual Effects

Otehr

Market segment by Application, split into

Residential

Commercial

Otehr

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

The study objectives of this report are:

To analyze global Smart Buildings status, future forecast, growth opportunity, key market and key players.

To present the Smart Buildings development in United States, Europe and China.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by product type, market and key regions.

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Submitted by:Rashmi
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