Smart Building Market by Building Automation System (Physical
Security, BEMS, Building Communication, Parking Management, Plumbing and Water
Management, Elevators and Escalators Management) , by Application and by Region
- Global Forecast to 2020
Report Overview
The smart building
market is in high demand due to government initiatives and the rising
cost of energy. It is expected that energy demand would increase by 40% between
2010 and 2040, which is likely to enhance the growth of this 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.
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.
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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 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 key players in this market include ABB, Cisco, Delta controls, Schneider Electric, Siemens, General electric, IBM, Accenture, Johnson Controls, and Honeywell.
The report will help
the market leaders or new entrants in this market in the following ways:
1. This report segments the market into various
sub-segments, covering this market comprehensively. The report provides the
closest approximations of the market size for the overall market and the
sub-segments. The market numbers are further split across the different
regions.
2. This report will help in the better understanding of the
competitors and in gaining more insights to strengthen ones position in this
business. There is a separate section on competitive landscape, which includes
competitor ecosystem, mergers and acquisitions, partnerships, and agreements.
Besides, there are company profiles of ten key players of this market, where
the market internals have been provided that provides a competitive edge
3. The report also helps in understanding the overall growth
of the market. It provides information on key market drivers, restraints,
challenges, and opportunities.
Table of Contents:
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE REPORT 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED IN THE REPORT 16
1.3.3 CURRENCY 16
1.4 LIMITATIONS 16
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
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