Press release
Smart Building Market Size, Share, Development by 2023
A Smart Building is: Also referred to as an Intelligent Building. Smart buildings improve the productivity of people and processes by leveraging technology & actionable information to help you & your building make better decisions and become smart, efficient and sustainable.An integrated Smart Building with various sub-systems including: Intelligent Integrated System (IIS), Information Technology System Infrastructure (ITSI), Information Technology Applying System (ITAS), Building facilities Management System (BMS), Public Security System (PSS) and Engineering of Electronic Equipment Plant (EEEP). The integrated system integrates the isolated devices, functionalities and information of BMS, PSS, ITAS into a correlated and harmonized system via ITSI, with stability, combinability and extendibility by ensuring to the combined management and correlations of the system’s devices.
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Global Smart Building Market: Forecast by Type / Application / Region
The market for smart building is fragmented with players such as Honeywell, Johnson Controls, Siemens, UTC, Schneider, Ingersoll Rand(Trane), Azbil, General Electric, Eaton, Legrand, and so on. Among them, Honeywell is the global leading supplier.
On the basis of type, the smart building market is segmented into software information system, building management system, engineering of electronic equipment plant, and installation & service.
Based on regions, the global smart building market is segmented into USA, Europe, China, Japan, and the Rest of the World (ROW). USA is expected to account for the largest share and China is growing fastest of the market during the forecast period.
Over the next five years, LPI(LP Information) projects that Smart Building will register a 18.1% CAGR in terms of revenue, reach US$ 133600 million by 2023, from US$ 58100 million in 2017.
Global Smart Building Market: Key Players
Honeywell
Johnson Controls
Siemens
UTC
Schneider
Ingersoll Rand(Trane)
Azbil
General Electric
Eaton
Legrand
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Related Information:
United States Smart Building Market Research Report 2018
Europe Smart Building Market Research Report 2018
North America Smart Building Market Research Report 2018
Asia-Pacific Smart Building Market Research Report 2018
China Smart Building Market Research Report 2018
EMEA Smart Building Market Research Report 2018
Global Smart Building Market Research Report 2018
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