Industry Background:
An Autonomous Building is a building designed to be operated independently from infrastructural support services such as the electric power grid, gas grid, municipal water systems, sewage treatment systems, storm drains, communication services, and in some cases, public roads. Advocates of autonomous building describe advantages include reduced environmental impacts, increased security, and lower costs of ownership. Some cited advantages satisfy tenets of green building. Off-grid buildings often rely very little on civil services and are therefore safer and more comfortable during civil disaster or military attacks.This growth is primarily driven by Rising Need for Energy-Saving and Low Carbon Emission-Oriented Solutions and Growing Need for Integrated Security and Safety Systems.
Globally, a noticeable market trend is evident Implementation of IoT Platform within the Building Automation Technology
. The Construction & Engineering sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Cisco (United States), Siemens (Germany), Schneider Electric (France), Legrand (France), Nemetschek (Germany), IBM (United States), Leica Geosystems (Switzerland), HUAWEI (China), Ericsson (Sweden) and ABB Group (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 3rd February 2019, The Nemetschek Group has unveiled the creation of a new brand name and logo for its building operations & management segment. The Group’s solution offering for the building management segment now goes under the name of Spacewell.
On 8th September 2018, Legrand, a global specialist in electrical and network infrastructure solutions, has introduced the latest in smart lighting from the radiant® Collection. Demonstrating Legrand’s continued commitment to improving the ways in which consumers control light and power throughout the home, Smart Lighting from the radiant collection offers switches and outlets that combine clean design with advanced functionality. In partnership with Samsung, Legrand’s Smart Lighting leverages Samsung’s ARTIK™ cloud services to allow simple connection with existing smart home solutions.
Market Drivers
- Rising Need for Energy-Saving and Low Carbon Emission-Oriented Solutions
- Growing Need for Integrated Security and Safety Systems
Market Trend
- Implementation of IoT Platform within the Building Automation Technology
- Increasing Importance of Home Monitoring in Remote Locations
Restraints
- Issues Related to Breach in Security and Privacy
- High Cost of Switching for Existing Smart Device Consumers
Opportunities
Favorable Government Regulations to Promote Green Buildings and Expected Incorporation of Lighting Controllers with In-Built Data-Connectivity Technology
Challenges
Linking Disparate Systems, Limited Functionality, and Lack of Open Standards
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Autonomous Buildings Study Sheds Light on
The Autonomous Buildings Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Autonomous Buildings industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Autonomous Buildings industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.