Smart Building Market Expected To Reach $18.81 Billion by 2018

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MarketsandMarkets Presents
Smart Building Market Expected To Reach 18.81
Billion by 2018
http//www.marketsandmarkets.com/Market-Reports/sm
art-building-market-1169.html
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The report Smart Building Market Building
Automation Systems, Physical Security, Building
Energy Management Systems (BEMS), Building
Communication Systems, Parking Management, Water
Management, Networking, Worldwide Market
Forecasts and Analysis (2013 - 2018),  defines
and segments the building automation systems
market into various systems and on the basis of
networking technologies with in-depth analysis
and forecasting of revenues. It also identifies
drivers and restraints for this market with
insights on trends, opportunities, and
challenges. Browse 91 tables and 26 figures
spread through 178 pages and in-depth TOC
on "Smart Building Market Building Automation
Systems, Physical Security, Building Energy
Management Systems (BEMS), Building Communication
Systems, Parking Management, Water Management,
Networking, Worldwide Market Forecasts and
Analysis (2013 - 2018)". http//www.marketsandma
rkets.com/Market-Reports/smart-building-market-116
9.html

            

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Smart building technologies improve the life span
of a building by identifying problems as and when
they occur, thereby taking required corrective
measures. Smart buildings are designed for
efficiency of all components of the building such
as lighting, monitoring, safety and security,
emergency systems, Heating, Ventilation, and Air
Conditioning (HVAC) systems, car parking
management, and several other aspects. The main
forces driving the market are the ability of
smart buildings to reduce CO2 emissions, reduce
maintenance and operating costs, and enhance the
life of the building as well as improve the
safety and security of its occupants. MarketsandM
arkets has broadly segmented the smart building
market by building automation systems physical
security systems, building energy management
system, building communication system, parking
management system, plumbing water management
system, and elevators and escalators management
system. Smart building market has segmented on
the basis on networking technology and
applications also. By Regions North America
(NA), Europe (EU), Latin America (LA), Asia
Pacific (APAC), and Middle East and Africa (MEA).
http//www.marketsandmarkets.com/Market-Reports/s
mart-building-market-1169.html
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Marketsandmarkets believes that as compared to
conventionally built buildings, the cost incurred
in smart building is quite high due to the
intelligent features involved. This is the major
restraint for the building makers or buyers to
proceed for smart building concept. The study
reports that the global smart building market is
expected to grow from 4.22 billion in 2013 to
18.81 billion by 2018, at an estimated CAGR of
34.8 from 2013 to 2018.
http//www.marketsandmarkets.com/Market-Reports/sm
art-building-market-1169.html
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smart-building-market-1169.html
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