Key Company Developments in Global Smart Office Market

Smart Office Market

Workplaces Continue to Get Makeover with Smart Office Technology, Philips Lighting Stands out with its Ultra-modern Smart Office Lighting Project in Romania

Workspaces are conventionally operated by humans and controlling various functions, including lighting, HVAC settings, system administration, and access and safety control is performed manually. However, the advent of technology and evolution of office environments collectively put forth the need for smart systems for workspace management. Companies are increasingly adopting smart office infrastructure that deploys advanced communication networks, automated systems, sensors, intelligent security cameras, and much more collectively working under a centralized control mechanism and assist in allowing wireless data transfer for accurate monitoring and analysis of data. Automated lighting systems and advanced technology HVAC systems are among the most sought after smart office products in the global smart office market.

Some of the major companies operating in the global smart office market are ABB, Cisco Systems, Crestron Electronics, Honeywell, Johnson Controls, Philips Lighting, Lutron Electronics, Schneider Electric, Siemens, and United Technologies Corporation.

Schneider Electric’s FTTH technology solution was instrumental in expanding company’s market share

The company’s smart building business offers heating and ventilation, sensors, HVAC controllers, actuators and valves, centralized building management systems, access control, programmable regulators, space optimization solutions, security monitoring equipment, and video cameras. A few years ago in 2014, Schneider Electric SA had launched a new technology solution i.e. fiber to the home in order to enhance the company’s existing smart building product portfolio. The new technology served to offer better in room controls, lighting, building management, home automation, security systems, and surveillance systems. Currently, the company emphasizes on mergers, acquisitions, partnerships, strategic collaborations, and agreements so as to empower its business and market position. Recently on 2017, Schneider partnered with Claroty in order to mitigate for the ever evolving cybersecurity and safety challenges that tend to hamper industrial infrastructure.

Philips Lighting kick starts its highly ambitious project in Romania

One of the leading market players, Philips Lighting, recently announced a highly innovative project in Romania – smart office lighting solutions for Aviatotilor 8. The project combines both natural light and artificial light by Philips Lighting. The company incorporates the most modern LED lights for illumination in order to achieve efficient light management. Over 500 lighting products have been used in this project that covers a huge area equal to 7,700 sqm. With state-of-the-art technology lighting system and installation providing optimum light and comfort, Philips Lighting makes Aviatotilor 8 the most sustainable office building all over Romania. Why sustainable? Because it curtails the overall energy consumption by almost 50% when compared to that in the case of conventional lighting systems.

Several companies will occupy office spaces inside Aviatorilor 8 and all of them will possess an ultra-modern, dynamic office design, since Philips Lightings has used Flatmoon suspended architectural lights specifically for creating a highly modern and sophisticatedly illuminated ambience. The best thing about this project is the smart lighting systems will only work whenever and wherever they are needed.

While North America and Western Europe stay dominant in the global smart office market, emerging economies are observed to adopt the smart office technology at a considerable pace. Leading players are expected to enter profitable deals with the companies in developing countries and expand their markets in developing economies.

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By Suyog Keluskar

Suyog Keluskar is an experienced Market Research, Customer Insights & Consulting professional, covering latest industry and market updates on Electronics, Semiconductor and ICT domain. With over ten years of experience in business/market research, Suyog delivers customer-centric assignments in market-entry, market expansion, partner identification, competition analysis, market sizing, industry insights and customer intelligence studies. When Suyog is not busy unraveling the consumer mind or unearthing market potential he can be found traveling the road less traveled with a fascinating book on contemporary history in his hand. An avid cricket fan, music lover and you will also find him discussing politics with his friends and peers more often.

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