Connect with us
European Gaming Congress 2024

Artificial Intelligence

Global Smart Buildings Market Report 2022: The Pandemic’s Push to Renovate & Build Smarter Buildings Bodes Well for Market Growth

Published

on

Dublin, Jan. 31, 2022 (GLOBE NEWSWIRE) — The “Smart Buildings – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Smart Buildings Market to Reach US$111.5 Billion by the Year 2026

The global market for Smart Buildings estimated at US$63 Billion in the year 2020, is projected to reach a revised size of US$111.5 Billion by 2026, growing at a CAGR of 10.2% over the analysis period.

Smart buildings are emerging into the spotlight for their ability to achieving net zero carbon reduction targets, increase energy efficiency, and save energy. By using technologies like AI, IoT, big data, blockchain to connect buildings, transport and infrastructure, smart buildings can create a new ecosystem that can utilize more renewable energy, minimize energy waste, and slash carbon emissions.

The need to switch over to smart buildings has arisen owing to the numerous benefits and ability to overcome challenges faced by the world. They help improve occupant productiveness with lighting, air quality, thermal comfort, physical security and sanitation among others and above all minimize overheads and environmental impact when compared to non-connected buildings.

Advertisement
Stake.com

They are expected to play big role in addressing climate change targets. Smart hospitals, healthcare facilities, office buildings, educational institutions, gyms and stadiums are all examples of smart buildings whose numbers are increasing across the world. Smart buildings use their intelligence for collecting data that is actionable from on-premise sensors, user devices, services and systems.

The application of that data through machine learning and artificial intelligence (ML/AI) makes such buildings programmable and duly responsive to their users` needs as also that of their managers. The network intelligence also helps in securing the network.

Solutions, one of the segments analyzed in the report, is projected to grow at a 9.4% CAGR to reach US$69.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 11.4% CAGR for the next 7-year period.

This segment currently accounts for a 40.8% share of the global Smart Buildings market. The idea of smart buildings is garnering considerable attention in the wake on COVID-19 pandemic that has redirected the focus and accelerated endeavors towards energy efficiency, health & wellbeing, connectivity and sustainability. The scenario is witnessing increasing requirement for preventative maintenance, remote monitoring and highly usable spaces.

The U.S. Market is Estimated at $20.5 Billion in 2021, While China is Forecast to Reach $17 Billion by 2026

Advertisement
Stake.com

The Smart Buildings market in the U.S. is estimated at US$20.5 Billion in the year 2021. The country currently accounts for a 30.33% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$17 Billion in the year 2026 trailing a CAGR of 12.4% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 9.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR while Rest of European market (as defined in the study) will reach US$8.6 Billion by the end of the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

Advertisement
Stake.com

1. MARKET OVERVIEW

  • Sustainability Remains at the Core of the Emergence & Evolution of Smart Buildings
  • The World Reaches Tipping Points in the Climate System
  • Here’s How Buildings Contribute Towards Climate Change
  • Sustainability Becomes More Important than Ever. Here’s Why
  • The Never-Ending “Race” Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
  • Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
  • At the Dawn of 2022, We Leave Behind Millions of Deaths Due to New Strains & Once Again Stare at an Impending Catastrophe
  • Split Scenarios Unfold: The Great Vaccine Divide Emerges
  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
  • With IMF Making an Upward Revision of Global GDP for 2021, Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
  • Smart Buildings: Overview & Benefits
  • Recent Market Activity
  • Innovations

2. FOCUS ON SELECT PLAYERS (Total 201 Featured)

  • ABB Group
  • BuildingIQ, Inc.
  • Cisco Systems, Inc.
  • Delta Controls Inc.
  • Ecova, Inc.
  • GridPoint, Inc.
  • Honeywell International, Inc.
  • IBM Corporation
  • Johnson Controls International PLC
  • Legrand North America LLC
  • Schneider Electric SA
  • Siemens AG
  • United Technologies Corporation (UTC)
  • Verdigris Technologies, Inc.

3. MARKET TRENDS & DRIVERS

  • Focus on Net Zero Energy Buildings (NZEB) Awakens Interest in Smart Building Technologies
  • BiPV Rises in Prominence Amid the Growing Clamor for Smart Buildings
  • Roofing: The Focus Area for BIPV
  • Building Energy Management System (BeMS) Emerges to be Crucial to the Net Zero Energy Goal in Smart Buildings
  • The Pandemic’s Push to Renovate & Build Smarter Buildings Bodes Well for Market Growth
  • With Connectivity Being the Most Critical Element of Smart Buildings, In-Building Wireless (IBW) Emerges Into the Spotlight
  • A Review of the Growing Role of PoE in Smart Buildings
  • Special Focus on PoE Lighting
  • AI to Revolutionize Smart Buildings in Ways Hitherto Unimagined
  • Smart Building Analytics Rises in Prominence
  • 5G to Accelerate Smart Building Adoption
  • IoT-powered Building Management System, A Gamechanger for Smart Buildings
  • Predictive Maintenance Crucial to Curtailing Smart Building Maintenance Costs
  • Sharp Increase in Cyberattacks Brings to Fore the Importance of Adopting Cybersecurity Measures to Secure Smart Buildings

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/8pa7us


Advertisement
Stake.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Mainland China-Hong Kong ETF Connect Marks Two Years of Strengthened Market Integration, Expansion Expected to Boost Investment Options and Liquidity

Published

on

mainland-china-hong-kong-etf-connect-marks-two-years-of-strengthened-market-integration,-expansion-expected-to-boost-investment-options-and-liquidity

GUANGZHOU, China, July 8, 2024 /PRNewswire/ — On July 4th, the ETF Connect Program, which facilitated two way capital flows between mainland China and Hong Kong for eligible ETFs, celebrated its two-year anniversary. Over the past two years, the program strengthened its position in deepening the integration of the two capital markets, the number of eligible ETFs increasing from 87 to 151 since launch and the monthly Northbound trading volume rising from US$55 million to US$2.98 billion in June this year.

According to Hong Kong Stock Exchange, the current eligible ETFs consist of 84 listed on Shanghai Stock Exchange, 57 listed on Shenzhen Stock Exchange, and 10 listed on Hong Kong Stock Exchange. Among them, E Fund Management (“E Fund”), the largest fund manager in China, has a total of 14 ETFs included, covering a variety of indexes, including broad-based indexes such as CSI 300 Index and STAR 50 Index, thematic index such as CSI Artificial Intelligence Index, and strategic index such as CSI Dividend Index. Additionally, the average management fee of these offerings was less than 0.3% per annum, underscoring E Fund’s dedication to empower foreign investors to diversify their assets across both Hong Kong and mainland China markets in an efficient and cost-effective manner.
The scope of the program is expected to see significant expansion on July 22nd. It is believed that this expansion will serve offshore investors seeking exposure to A-share capital market with enhanced investment choices, and increase liquidity and trading activity of relevant ETFs in the same time.
About E FundEstablished in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive fund manager in China with close to RMB 3.3 trillion (US$ 454 billion) under management. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.
Note: As at Jun 30, 2024. AuM includes subsidiaries. Source: PBoC, Wind.
Photo – https://mma.prnewswire.com/media/2455553/ETF_Connect_Eligible_Products_E_Fund.jpgLogo – https://mma.prnewswire.com/media/2085383/_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/mainland-china-hong-kong-etf-connect-marks-two-years-of-strengthened-market-integration-expansion-expected-to-boost-investment-options-and-liquidity-302190594.html

Continue Reading

Artificial Intelligence

Revolutionizing EV Charging: Emobi and Autocrypt Unveil First US-based Plug & Charge Ecosystem Powered with AI

Published

on

revolutionizing-ev-charging:-emobi-and-autocrypt-unveil-first-us-based-plug-&-charge-ecosystem-powered-with-ai

SAN FRANCISCO, July 8, 2024 /PRNewswire/ — Emobi and Autocrypt today announced the first US-based Plug & Charge ecosystem, set to revolutionize electric vehicle (EV) charging with artificial intelligence (AI).

In June 2023, Autocrypt, a global leader in automotive cybersecurity, partnered with Emobi, a US-based e-mobility hub, to develop a secure communication framework for EVs and charging stations based on ISO 15118-2 and ISO 15118-20 standards. The collaboration has focused on building a robust Public Key Infrastructure (PKI) utilizing fine-tuned AI and machine learning models to address errors and data inconsistencies prevalent in traditional Plug & Charge systems.
The Plug & Charge ecosystem enables EV drivers to start charging at any station simply by plugging in their vehicle. Through asymmetric encryption technology, the chargers automatically identify the EV and securely process the payment of the EV charging session. Unlike other Plug & Charge services, this is the first Plug & Charge ecosystem headquartered in the United States, ensuring data security and compliance with the US government. Additionally, it features an intelligent error-handling system that addresses edge cases in ISO 15118 standards, setting a new benchmark for the industry.
Throughout this collaboration, Emobi has worked closely with the U.S. Department of Energy (DOE) Argonne National Laboratory to ensure that findings from this ecosystem contribute to the National Charging Experience (ChargeX) Consortium, funded by the Joint Office of Energy and Transportation of the United States.
“Security in EV charging infrastructure enhances openness while providing better control,” said Sean HJ Cho, President of Autocrypt North America. “By combining our PKI technology with Emobi’s expertise in AI and machine learning, we are bringing a secure yet innovative Plug & Charge solution to market, creating an unrestricted charging environment that ensures convenience, precision, and security throughout the entire charging and payment processes.”
Lin Sun Fa, CEO of Emobi, added, “The focus is to enable EV automakers, charger operators, and e-mobility service providers to continue building their products without being hindered by edge cases and constantly evolving standards. We are leveraging AI and Autocrypt’s PKI technology within the existing ISO 15118 standards, ensuring ease of implementation while improving charging infrastructure quality and security.”
About Autocrypt Co., Ltd.
AUTOCRYPT is the industry leader in automotive cybersecurity and connected mobility technologies. The company specializes in the development and integration of security software and solutions for in-vehicle systems, V2X communications, Plug&Charge, and mobility platforms, paving the way towards a secure and reliable C-ITS ecosystem in the age of software-defined vehicles. AUTOCRYPT also provides consulting and testing services along with custom solutions for UN R155/156 and ISO/SAE 21434 compliance.
About Emobi
EMOBI is the EV charging ecosystem that powers hundreds of e-mobility businesses with AI. The ecosystem offers instantaneous access to a vast network of EV charging networks and e-mobility partners, while ensuring superior data quality through its refinement models. With over 120,000 connected charging ports in the United States and Canada, Emobi has established itself as the largest roaming hub in North America powered with AI. In addition, Emobi has garnered trust in the e-mobility market, advising leading EV manufacturers, e-mobility enterprises, startups, utilities, and esteemed U.S. Government Agencies like the Department of Energy (DoE) and the Department of Transportation (DoT).

View original content:https://www.prnewswire.co.uk/news-releases/revolutionizing-ev-charging-emobi-and-autocrypt-unveil-first-us-based-plug–charge-ecosystem-powered-with-ai-302189861.html

Continue Reading

Artificial Intelligence

Outfit7 Brings Iconic “La Bamba” song to My Talking Hank: Islands

Published

on

outfit7-brings-iconic-“la-bamba”-song-to-my-talking-hank:-islands

Get Ready to island hop with “La Bamba” in the new trailer for My Talking Hank: Islands!
LIMASSOL, Cyprus, July 8, 2024 /PRNewswire/ — Outfit7 has secured the license to use the iconic song “La Bamba” for promotion of their game, My Talking Hank: Islands. Featured in the brand new trailer that debuted last week, the song adds a feel-good vibe to the latest major release from Talking Tom & Friends.

 
 
This winning combo expresses just how much Outfit7 loves mixing pop culture with fun gameplay to make things more exciting for players. “‘La Bamba’ isn’t just a catchy tune; it sets the whole mood!” said Helder Lopes, VP of Creative Functions and R&D at Outfit7. “It really taps into the adventurous, explorative spirit of My Talking Hank: Islands.”
My Talking Hank: Islands launches players into a colorful island world filled with secrets, treasures, and friendly animals eager to befriend you. It’s not just a game; it’s an invitation to discover an island filled with excitement and mystery. The trailer featuring “La Bamba” is available on various digital platforms, including YouTube, the game’s official website, and Outfit7’s social media channels. For the first month after release, players can also watch the trailer through the in-game cinema feature, which can be found in Hank’s Tree House!
Get ready to set sail with “La Bamba” as your soundtrack! Dive into the fun today and check out the brand-new trailer on YouTube, on the game’s official website, and Outfit7’s social media channels.
For more details and to view the trailer, please visit HERE. To download the game, click HERE.
ABOUT OUTFIT7: Outfit7 Limited is a dynamic force in mobile gaming, reaching a global audience of billions with its award-winning games. Powered by creativity and industry-leading expertise, the company’s talented international team of over 400 people pushes the boundaries of the possible every day. Outfit7’s 20+ games have now been downloaded worldwide over 23 billion times and up to 470 million fans play with them every month. Its portfolio also includes numerous chart-topping animated series, theme parks, and a licensing program. You can find more information at www.outfit7.com.
Photo – https://mma.prnewswire.com/media/2454789/Outfit7.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/outfit7-brings-iconic-la-bamba-song-to-my-talking-hank-islands-302189933.html

Continue Reading

Trending