The growing adoption rate of smart building technology in commercial sectors such as the hospitality industry and airports would create greater opportunities for the market in years to come. Many prominent vendors investing in cutting edge solutions for smart home has also added to the popularity of the industry
Buildings equipped with structured wiring that enables occupants control a range of electronic home equipment from a remote location are termed smart buildings. These electronic devices can be programed by entering a single and simple command. Emergence of smart building has enabled homeowners to program their entertainment system, control home or building lighting system, switch on and off home appliances and other tasks. Smart building aids in lowering the operating costs, carbon emission as well as energy consumption.
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Major market players such as – General Electric, ABB, Cisco, Siemens, IBM, Phoenix Energy Technologies, EFT Energy, eSight Energy, GridPoint and many others.
Regions explored in the report include North America, Europe, Asia -Pacific and LAMEA.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the smart building market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
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