The increasing convergence of Internet of Things (IoT) with buildings, is widening an unmet demand in Asia for smart building technologies.
There will be a demand for smart building technologies in building information modelling, building management systems and automation, cloud real-time management, monitoring and sensors, HVAC automation & controls, home automation, mobile-linked controls and other components of system technologies for building in industrial automation.
The Smart Buildings market in Asia
Singapore being a Smart City, its government – Building & Construction Authority of Singapore (BCA) have been championing and piloting building monitoring and smart integration for island-wide commercial and industrial facilities (Source: GovInsider).
Across Asia, the smart buildings market has been gaining strong momentum since 2015. The need for industry players to gain competitive advantage for their buildings as smart becomes a mainstream user requirements, have been the driving force behind Smart Buildings in Asia Pacific (Source: asiagreenbuildings).
Internet of Buildings (IoB) was never a distant dream for Asia. It is already here and early-movers into this market can leverage on the demand surge, and establish themselves as the key solution provider in untouched territories and buildings.
Where are the Opportunities
A burgeoning need for technology and solution providers is also expected in the additional areas:
- Smart Home Automation and Control
- Central Grid/ Connected Grid
- EV Chargers
- Smart Consulting/ Modelling in Energy Efficiency
- Smart Facility Management & Operations
- Smart Factory Automation for Industrial
- Smart Sensors
- Security Monitoring and Control
If you have a solution to these, your solutions will be high in demand.
For more information, please send email to: SusannaQuek@innovationnorway.no