Search results for: 'global in vital'

05 Dec 2022  |  Global  |  Market Research

Global Building Management Systems Growth Opportunities

Digital Solutions and Sustainability Outcomes are Vital for Vertical Market Expansion

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The global building management system (BMS) market is being revolutionized by increasing industry convergence and the emergence of innovative technologies. This has led to a rapid increase in the digitalization of buildings, resulting in a spurt in demand for smart buildings and BMS systems. These technologies are causing significant disruptions, i...

The homes and buildings industry recorded a robust 8.6% growth in 2022, driven by demand for facility management services, smart home devices, customer experience platforms, and construction management solutions. Increasing adoption of internet of things (IoT) and artificial intelligence (AI)-driven smart building solutions also contributed to the ...

Global emergency lighting is expected to account for 3.3% growth in 2021 after a decline of 6.7% in 2020 due to the pandemic. The market will only reach pre-COVID-19 growth rate in 2022. Market revenue is forecasted to be valued at $6.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. North America will contin...

23 Nov 2021  |  North America  |  Frost Radar

Frost Radar™: Global Indoor Air Quality Systems, 2021

A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines

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The global indoor air quality systems market is fragmented, with a healthy mix of traditional HVAC service providers, air purifier manufacturers, and start-ups offering air quality monitoring and air purification solutions. Companies have distinguished their products and services by developing next-generation technologies to tackle the impact of po...

The global HVAC equipment market is experiencing strong growth, driven by rapid urbanization, infrastructure development, rising temperatures due to climate change, and an increasing emphasis on energy efficiency and indoor air quality amid growing health concerns related to pollution. Valued at $255.40 billion in 2025, the market is projected to r...

Digital technologies have become inevitable in most industries, including fire safety equipment. Fire detection and suppression equipment are increasingly IoT-enabled and integrated with smart building systems using tools such as AI, machine learning (ML), and analytics. This necessitates the convergence and collaboration of fire safety with digita...

The global building automation system (BAS) market is undergoing a significant transformation. The rapid increase in the digitalization of buildings has resulted in a spurt in demand for smart building management solutions and BASs. These technologies are causing significant disruptions, driving a shift away from traditional building administration...

The Southeast Asia (SEA) facility management (FM) market is growing, supported by the high construction and renovation activity in the region due to the rapid urbanization and the expansion of smart buildings. The adoption of advanced technologies in building services is also witnessing rapid growth. In addition, government regulations for energy e...

The buildings that we live and work in are getting smarter and more connected. Driven by the demand to reduce energy consumption and make buildings self-sustainable and more comfortable, a wide range of new systems are entering the smart building ecosystem. A staggering number of new applications and services are enabled thanks to the Internet of T...