The smart building market is primarily segmented on the basis of products into safety & security , heating ventilation & air conditioning ( HVAC ), monitoring , lighting , energy management , car parking system and emergency system . Smart building primarily connects normal operations of a building such as lighting , HVAC , water supply , and fire emergency with building automation system ( BAS ). It helps in controlling and monitoring the energy efficiency and energy usage of the building . Growing need for the reduction of energy-associated costs is anticipated to drive the energy management system and thus estimating it to account for high market share . The different types of automation system in the market are physical security system , water management system , energy management system , elevator system and communication system . Physical security systems are comprised of access control systems , surveillance solutions , and alarming systems . Communication systems such as video conferencing , wireless systems such as Zigbee , Z-wave or Bluetooth and the LAN or WANbased communication architecture are anticipated to witness significant growth owing to need of remote surveillance and monitoring . The market is segmented by application into commercial , educational , hospitals , industrial , residential infrastructures and airports .
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North America and Europe are expected to account for highest market share over the next seven years owing to growing demand from end-user industries such as automotive , aviation , food & beverage , petrochemical , defense , IT , and pharmaceutical . The regions are very responsive in an adoption of any technological advancement primarily due to rising consumer awareness . Asia- Pacific and Latin America are projected to witness the fastest growth owing to rising modernization in the construction and manufacturing industries . India , China , Japan and Indonesia are anticipated to fuel the growth by 2022 primarily due to rising presence of large number of service providers .
Major players in the smart building market include Control4 Corporation , Cisco Systems Inc ., Leviton MFG . Company Inc ., Schneider Electric SA , Emerson Electric Co ., Siemens Buildings Technologies , United Technologies Corporation , Honeywell Scanning & Mobility , Smart home Inc . and LG