DALLAS, June 8, 2015 /PRNewswire/ --
Global Smart Building Market 2015-2019 research report forecasts a steady growth for worldwide smart building industry at nearly 12% CAGR with rapid urbanization being one of the major market growth drivers.
Complete report on smart building market for 2015 - 2019 spread across 69 pages, talking about 5 companies and supported with 21 exhibits is now available at http://www.reportsnreports.com/reports/401372-global-smart-building-market-2015-2019.html .
Increased urbanization, according to this latest smart building market research, is creating social and environmental challenges like water shortages, power deficits, pollution and waste water, and sewage problems. To combat these challenges, governments of emerging and developed economies are focusing on smart buildings to provide the best integrated solutions. This new report on smart building market also draws attention to some of the challenges facing construction of smart buildings, including lack of finances in developing countries.
The adoption of the public private partnership model is helping public companies that have easy access to finances lynch up with private players who are struggling to find funding for smart buildings. This public private partnership model ensures that private companies easily receive the construction permits associated with smart buildings and public players get an access to the advanced technology and expertise offered by private players.
Companies mentioned in this smart building market report include Cisco Systems, Control4, Honeywell Scanning and Mobility, Schneider Electric, United Technologies, Leviton, Emerson Electric and Siemens Building Technologies. Order a copy of the global smart building market 2015-2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=401372 .
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. Key countries covered in this smart building market research include Australia, China, Germany, India, Japan, UAE and US.
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.
Another research titled Smart Building Market by Building Automation System (Physical Security, BEMS, Building Communication, Parking Management, Plumbing & Water Management, Elevators & Escalators Management), by Application & by Region - Global Forecast to 2020 expects that energy demand would increase by 40% between 2010 and 2040, which is likely to enhance the growth of smart building market as it plays a vital role in contributing to energy saving. Smart building helps tackle the energy crisis problems in developing and developed countries. With the increasing demand of energy management solutions implementation in building, major players are also investing a major portion of their revenue in the research and development of new and innovative products related to the market. Key government initiatives include the regulation of Commercial Building Initiatives (CBI) by the U.S. government to make commercial buildings completely energy independent by 2025. According to this report, the smart building market is expected to grow from $7,260.0 million in 2015 to $36,398.7 million by 2020, at a Compound Annual Growth Rate (CAGR) of 38.0% from 2015 to 2020.
The report also provides an in-depth analysis of the smart building market across the types, applications, and regions. The market has also been segmented by region into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. Among all the regions, Europe holds the largest market size, whereas APAC is expected to be the fastest-growing region. The various factors driving this market have been described in the regional sections of the report. Apart from the regional analysis, the trends in the building automation market and the reasons behind the growth of particular segments have also been described in the report. The report concludes with the competitive landscape highlighting the recent mergers and acquisitions (M&A), venture funding, and product developments that have taken place in the market in the recent past. The company profiles section highlights the players' dominance in this market and a discussion on the strategies employed by them to gain a larger market share in the smart building market. The key players in this market include ABB, Cisco, Delta controls, Schneider Electric, Siemens, General electric, IBM, Accenture, Johnson Controls, and Honeywell. Order a copy of the report on smart building market by building automation system, application and region at http://www.reportsnreports.com/Purchase.aspx?name=267717 .
Explore more reports on construction industry and other newly published research on IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .
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