Press release
Energy management system is likely to witness greater growth in the smart office market over the forecast period 2019-2025-ABB Ltd, Cisco Systems, Inc., Crestron Electronics, Inc., Honeywell International, Inc.
An office integrated with innovative technologies such as smart lightening, security access control system, audio-video conferencing system and many more for better energy management. These all smart sensors enable a centralized control, data transferring and improve the office efficiency. The smart office features are phenomenal which aids to scan the employee’s data such as it stores employee’s login and logout times, attendance and many more.
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The scope of OG Analysis report is to present Smart Office Market based on segmentation by Product (Smart Lighting, Security and Access Control System, Energy Management System, Smart HVAC Control System, Audio Video Conferencing System, and Fire and Safety Control System), By office Type (Retrofit, New Construction) By Component (Hardware, Software, Service) & Granule form and by region.
• North America
• Europe
• Asia-Pacific
• South and Central America
• ROW
Smart office Market size, price & production:
The Qualitative and Quantitative Smart Office Market value is estimated to report a year-on-year increase of 17.92% during 2019 over 2018. The demand for increased production of Smart office is mainly contributed by developing countries as a result of population thickening.
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Smart office Market analysis & demand:
Energy consumption & environmental concerns are the two key factors to stoke the demand for the smartphone market. Control systems segment is anticipated to dominate the market in the near future.
The rise in adoption of smart heating, ventilation and air-conditioning helps decrease in energy consumption. Hence this is the reason; North America is accounted to dominate the smart office market and holds the largest share.
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Smart office Market Key Players:
• ABB Ltd.
• Cisco Systems, Inc.
• Crestron Electronics, Inc.
• Honeywell International, Inc.
• Johnson Controls
• Lutron Electronics Co., Inc.
• Philips Lighting Holding B.V.
• Schneider Electric
• Siemens AG
• United Technologies Corporation
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