Published on : Feb 23, 2017
Albany, New York, February 23, 2017: To present a detail insights on rapidly expanding global market which is gaining momentum these days, a new forecast study titled “Global Wireless Building Management Services Market 2017-2021” has been broadcasted to the online database of Market Research Hub (MRH). According to the research analyst’s estimations, the global wireless building management services market witnessed to grow at a strong CAGR of 27.18% during the period 2017-2021.
First of all, the report broadly categorized the market on the basis of geography which includes some of the major regions, such as APAC, Americas and EMEA. Through this regional analysis, the report covers the current scenario and the future growth prospects of the market. This section encapsulates the market introduction and market landscape along with key highlights. From several decades, wireless technologies are one of the most demanding technologies that are used in different fields. In wireless technology, electromagnetic waves are deployed to transmit information in the form of the signal using a communication channel. The wireless solution is basically a set of networks, components and services that are installed in building facilities to ensure a seamless and consistent indoor coverage.
In the next section, the report segments the market on the basis of systems & services; and by end-users which includes commercial and some other buildings. It has been also studied that, the usage of wireless management systems in healthcare sector enables the generation of significant information and the integration of various hospital buildings. The growing use of machine-to-machine (M2M) services across end-users industries will drive the growth prospects for the global wireless building management solutions market for the next four years. In terms of geography, the Americas accounted for the majority of the market’s share during 2016 and will continue to maintain its dominance by 2021.
Moreover, the market report on wireless building management services also identifies the key drivers, emerging trends, as well as the challenges that the automation industry is currently experiencing. Currently, top two trends that are promoting the market growth are-
- Centralized remote controls for residential users
- Evolution of IoT, analytics & cloud computing
These controls have developed a complete building management system that integrates HVAC, Lighting, and Power control and monitoring.
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Moving further, a section covering the major fine points of the leading market players are also outlined in the study. At present, significant vendors present in the market are as follows:
- Honeywell International
- Johnson Controls
- Schneider Electric
Some other prominent vendors are also included in the report, such as Digital Lumens, Greenologic, JETEC Electronics, Hubbell Control Solutions, Linear Technology, WiSense etc.
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