A smart building connects BAS with the normal operations of a building such as HVAC, lighting, water supply, and fire emergency. It monitors and controls the energy usage of the building and helps in saving and improving the energy efficiency of the building. The concept of smart building has gained popularity worldwide as home developers have started to realize that these buildings are economical in the long run. In the recent years, several technological advancements have enabled building operators to monitor the real-time activities of the buildings, which when combined with BAS helps in controlling the lighting and energy systems.
The analysts forecast global smart building market to grow at a CAGR of 11.90% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global smart building market for the period 2015-2019. The market size has been estimated based on the historical expenditure made in the global smart building market. The report focuses on the key leading countries using the smart building technology. The report also discusses the features of a smart building and how is it different from ordinary buildings. Analysis of the Burj Khalifa and the acquisitions made by Siemens Technologies is also a part of the report. In addition, the report shows the five key vendors present in the market and a detailed analysis of these vendors.
- Cisco Systems
- Honeywell Scanning and Mobility
- Schneider Electric
- United Technologies
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Other Prominent Vendors
- Emerson Electric
- Siemens Building Technologies
- Rapid Urbanization
- High Initial Costs
- Adoption of PPP Model
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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