While the automated building market is not new for commercial buildings, it has traditionally focused on four conventional sectors: HVAC, lighting, access control, and fire and life safety. Now, new emerging applications in space management, environmental monitoring, asset management, and cleanliness & hygiene management are being offered as either standalone solutions or to augment existing building automation systems for improved building sustainability.
Together, these new solutions will grow at 32% CAGR over the next 8 years to create US$2 billion in software and services revenues by 2026, according to a new report from global tech market advisory firm, ABI Research.
GS Technologies Ltd (LON:GST), through its subsidiary, EMS Wiring Systems Pte. Ltd, provides services in the “Smart Building” sector. Smart Building is a diverse term that refers to the technological capabilities of buildings and other work place facilities.