Smart Buildings Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2028


Market Size – USD 66.29 Billion in 2020, Market Growth – at a CAGR of 9.9%, Market Trends – High demand for smart commercial buildings

Smart buildings function on advanced digital technologies, algorithms, and building analytics, which mutually benefits tenants, building owners, and management operators. Building analytics converts data created by IoT-enabled building management systems into intelligence, which enables building owners to identify threats, enhance tenant comfort level, and identify cost saving opportunities. Building analytics increases tenant safety and security and helps to lower operating cost, which in turns give higher satisfaction.

This is a vital segment of the research study as it provides market insights relating to the growth of the Smart Buildings market at both the country as well as regional level. The researchers estimate the market growth in different regions and countries by assessing both value and volume. They accurately analyze the revenue, price, CAGR, consumption, sales, and other aspects relevant to the regional markets studied in the report.

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Top competitors of the Smart Buildings Market profiled in the report include:

Cisco Systems, Inc., Honeywell International Inc., Johnson Controls Internationals, Hitachi Ltd., Schneider Electric, ABB Ltd., Legrand, Siemens AG, Robert Bosch GmbH, and Telit.

The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Smart Buildings market analysis provides everything a business owner needs in order to succeed.

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Emergen Research has segmented the global smart buildings market on the basis of automation type, service type, building type, and region:

Automation Type Outlook (Revenue, USD Billion; 2018–2028)

  • Building Management System (BMS)
  • Heating, Ventilation, and Air Conditioning (HVAC)
  • Lightning Control System
  • Emergency Alarm and Evacuation System
  • Audio and Visual Effects
  • Video Surveillance System
  • Elevators and Escalators Systems
  • Fire and Life Safety Alarm
  • Energy Management
  • Others

Service Type Outlook (Revenue, USD Billion; 2018-2028)

  • System Integration and Deployment
  • Support and Maintenance
  • Consulting

Building Type Outlook (Revenue, USD Billion; 2018–2028)

  • Commercial Buildings
  • Residential Building
  • Governmental and Public Infrastructure Facilities
  • Educational Institutions
  • Others

Regional Analysis of the Smart Buildings Market:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Report:

  • Analysis and estimation of the Smart Buildings market size and share for the projected period of 2020-2027
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Buildings market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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