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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.
Scope of the Report:
This report studies the Smart Buildings market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Smart Buildings market by product type and applications/end industries.
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.
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 global Smart Buildings market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Smart Buildings.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Honeywell
- Siemens
- Schneider Electric
- Johnson Controls
- United Technologies
- Bosch Security Systems
- ABB
- Advantech
- Cisco
- Control4
- Emerson
- IBM
- Panasonic
- Verdigris Technologies
- Legrand
- BuildingIQ
- Delta Controls
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- 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 Applications, can be divided into
- Residential
- Commercial
- Otehr