Commercial Building Automation | CAGR of 4.3% by 2018-24 : Booming Construction Industry and Strict Government Policies to Drive Market Growth
Press Release - 21 Mar 2018 Global Research and Development News -- . . Report Description- ' ' – Global Commercial Building Automation Market: Overview – One of the major factors driving the market for commercial building automation is increasing demand from key end user such as retail, healthcare, offices and hospitality sector among others. According to UNEP (United Nations Environment Program), buildings contribute to about one third of the total greenhouse gas emissions, mainly due to the usage of fossil fuels. In addition, a slow but gradual evolution of IoT sensors based technology has resulted in the emergence of solutions which are significantly more intelligent and have the ability to analyze granular aspects of buildings such as space utilization, gauging occupant’s comfort levels and similar derive business intelligence. .