Albany, NY -- (SBWIRE) -- 03/02/2016 -- A new market research report by Transparency Market Research, titled "Smart Buildings Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2013 – 2019," presents a detailed overview of the market for smart buildings. It presents key insights into the market and these insights prove to be of great significance to a number of technology providers, software providers, OEM providers, third party providers, and education and training service providers for identifying the development and requirements of the market.

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The study also includes evaluation of the prime market trends and the various technological advancements taking place within the market. The report evaluates the growth rate as well as the penetration of smart buildings across key regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW). Moving further, the study also throws light on the major players operating in the global smart buildings market along with their key strategies, profiles, recent developments, and product and service portfolios.

According to the report, smart buildings have real-time systems to manage the functioning of the building through a single interface. These buildings are responsive and adaptive according to the varying needs of its users. The systems comprise state memory, intelligent behavior, supporting communication between installation systems and human beings, and are equipped with actuators and sensors.

As stated in the report, the smart buildings market is primarily fuelled by the swift urbanization globally. In addition, the rising advent of supportive regulations by various governments globally will also fuel the market for smart buildings in the coming years. The major role of smart buildings in energy conservation has also impacted the overall market positively. Furthermore, the rising requirement for security within both residential and commercial buildings will also augment the growth of the smart buildings market in the coming years. On the other hand, the soaring costs of smart buildings may restrain the growth of the market in forthcoming years.

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In terms of type, the report segments the smart buildings market into physical security systems, building energy management systems (BEMS), plumbing and water management systems, building communications systems, elevators and escalators management systems, and parking management systems. On the basis of application, the report segments the market into commercial buildings, residential building, airports, hospitality, industrial, institutional, and others.

According to the report, the chief players dominant in the smart buildings market are Johnson Controls, ABB, General Electric, CISCO, Hewlett-Packard, Accenture, Ingersoll Rand Security Technologies, Delta Controls, Emerson Electric, Honeywell, Hitachi, IBM, Schneider Electric, Johnson Controls, TYCO International, and Siemens.

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