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The European lighting control systems market is poised for a period of strong growth. Driven by energy efficiency needs, LED lighting penetration, and the on-going emergence of smart buildings, Frost & Sullivan expects the next 5 years to witness intensified competition. This will be accompanied by a period of technology convergence that will also ...

09 Oct 2024  |  Europe  |  Market Research

Growth Opportunities in the Facility Management Market, Europe, 2024 2030

Technology, Sustainability, Workplace Optimization, and User Experience Drive Transformational Growth in Facility Management

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Just as the European FM markets have largely recovered from COVID-19-related disruptions, economies have been hit by high inflation and low economic growth. High inflation is acting as a tailwind for increased prices and revenues; however, while this will continue driving revenue expansion, it is forcing up costs and pressuring FM service providers...

Driven by technological advancements, cost reductions, and stringent EU regulations for improving energy efficiency in buildings, the HEMS and BEMS markets are collectively expected to cross $2 billion in revenue by 2018. Growing demand for an integrated solution for communication between sub systems or machine-to-machine interaction has made the m...

The COVID-19 pandemic rapidly changed how buildings function. Building mobility solutions have gained more importance and will form a crucial part of buildings and cities in the near future. Rapid employment of the Internet of Things (IoT), artificial intelligence (AI), and cloud technologies will make products smarter and revolutionize mobility in...

Building services focus on systems, structure, and operations in buildings that enable comfort and safety. These include renewal, repair, restoration, and upgrade of mechanical and electrical (M&E) services, fire safety and security (FSS), elevators (lifts) and escalators, energy systems, information and communications technology (ICT) networks, ro...

22 Jan 2016  |  Europe  |  Market Research

New Growth Opportunities in European HEMS and BEMS Market, 2016

Consumer Concerns Over Energy Consumption, Adoption of ICT Solutions and Compliance With EU Directives to Drive Double-digit Growth

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The Home Energy Management Systems (HEMS) and Building Energy Management Systems (BEMS) market in Europe is poised for a period of strong growth. Demand will be spurred by the trend of customers taking increasing control over their energy consumption patterns to reduce costs, increase energy efficiency, and reduce the environmental impact. The mark...

20 May 2015  |  Europe  |  Market Research

Analysis of the European Smart Thermostats Market

Booming Demand, Channel Diversification, and Business Model Innovation are Delivering Rapid Growth Across Europe

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The European smart thermostats market has evolved as a part of building automation market, but it is expected to take a stand-alone position with very high levels of growth through 2019 and beyond. Driven by the arrival of new and creative suppliers and the high interest levels among customers for the management and control of home energy consumpti...

Smart thermostats are a key component of the fast-growing connected homes ecosystem. In the next 5 years, the broadening range of products on offer will attract customers wanting comfort, convenience, and energy savings offered with home automation. The improving quality of Wi-Fi in homes will boost the smart thermostat market; it will also benefit...

The UK facility management (FM) industry is experiencing major changes driven by geopolitical disruptions, transformative megatrends, and internal challenges. Over the past decade, events such as Brexit, COVID-19, and global conflicts have created economic uncertainty, cost pressures, and supply chain issues. These factors have led organizations to...