SMART BUILDING MARKET ANALYSIS
Global Smart Building Market: Key Developments
In March 2020, ABB Ltd. announced the acquisition of Cylon Controls, the Irish company for expansion of its presence in the sector of smart building. With this acquisition, the company will strengthen its portfolio of commercial building solutions and emphasize on delivery of new solutions for comfort and energy optimization.
In April 2021, Honeywell International Inc. received a contract from the MiQro Innovation Collaborative Center (C2MI) for its novel thermal screening and risk self-assessment process in Quebec, Canada.
In February 2020, Siemens Smart Infrastructure announced the launch of a smart building suite designed for creating more flexible and efficient workplace. This suite includes IoT-enabled devices, services, and applications that make the offices a competitive edge for companies.
In May 2021, Schneider Electric SE, introduced the Innovation Experience: Live Healthcare Lab, which is the first ever immersive healthcare experience that features novel intelligent patient room.
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