Market Share of China Smart Building Industry
The China Smart Building Market is significantly competitive owing to multiple vendors providing Smart Building to the domestic and international markets. The market appears to be moderately fragmented, with the significant vendors adopting strategies for mergers and acquisitions and strategic partnerships, among others, to expand their reach and stay competitive. Some major players in the market are Johnson Controls, Siemens Building Technologies, Honeywell International, Schneider Electric, and Hitachi Ltd, among others. Some of the recent developments in the market are:
- May 2021 - Honeywell launched a cloud-based solution for building owners and managers that simplifies and combines operational and business data to support better decision-making, drive greater efficiencies, and achieve sustainability goals.
- February 2021 - Huawei Data Communication Product Line announced the Intelligent cloud network solution Five Ones' new capabilities, including one hop to the cloud, one network-wide connection, one-click fast scheduling, one fiber for multiple purposes, and one-stop integrated security.
China Smart Building Market Leaders
ABB Group
Honeywell International Inc.
Johnson Controls Plc
Schneider Electric SE
Siemens Building Technologies (Siemens AG)
*Disclaimer: Major Players sorted in no particular order
