Market and markets, the second largest market in the world, released the report of intelligent building market, which said that the global intelligent building market scale is expected to grow from 60.7 billion US dollars in 2019 to 105.8 billion US dollars in 2024, with CAGR of 11.7% in the forecast period.
According to the report, the main driving factors of intelligent buildings include the increasing use of building management systems supporting the Internet of things, the awareness of improving space utilization, and the continuous improvement of industry standards and regulations.
From the perspective of solutions, security and emergency management solutions are expected to lead the intelligent building market in 2019.
Among them, Internet of things consulting services help to improve the business process of the organization, and are used to develop different strategies, use cases, plan roadmap, evaluate technology and build the Internet of things architecture. Internet of things consulting service providers ensure the development and implementation of appropriate Internet of things applications and architectures in the organization. They guide companies in creating new IOT infrastructure to enhance their existing systems. Providers of Internet of things consulting services can also help non IT companies that lack expertise to understand Internet of things technologies.
From the perspective of industry, it is expected that the industrial construction sector will grow at the fastest speed in the forecast period. Intelligent industrial building solutions enable more efficient property management by automating building temperature control, security, and maintenance with a variety of mobile computing devices (e.g., mobile devices and computers).
From the perspective of regional market, North America will lead the intelligent building market in the forecast period. The growth in the North American market can be attributed to the region witnessing the emergence of the latest intelligent building solutions that utilize new technologies such as IOT, big data, cloud computing, data analysis, deep learning and artificial intelligence to save costs, as well as energy, reduce operating expenses, improve residential comfort and meet increasingly stringent global regulations and sustainability standards.
The United States and Canada are outstanding countries that have contributed to the technological development of the region. For example, U.S. organizations are investing heavily in smart building measures, including building control and building system integration, to utilize energy efficiency and energy storage and provide smarter, safer and more sustainable buildings, while the Canadian government is taking measures to support Canada’s commitment to promote the development of smart buildings by making federal buildings more energy-efficient, reducing greenhouse gas emissions To protect the environment and its resources.
Silin’s construction cable is widely used in the construction industry. Its aluminum alloy conductor cable and rotary curved surface cable are the first in China and have obtained many invention patents.
(Source: Cable Network)
