Global Smart Building Market by Product Types, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global smart building market was valued at USD 60 billion in 2019 and is projected to reach over USD 106 billion by 2026, expanding at a CAGR of more than 8% during the forecast period, 2020–2026. The growth of the market is attributed to the rising adoption of digital transformation frameworks across various industries worldwide.
Request for sample@https://dataintelo.com/request-sample/?reportId=14983
A smart building is any kind of foundation that utilizes mechanization so as to control the tasks of the structure which can be anything such as ventilation, lighting, warming, cooling, and security. To do these actuators, sensors, and microchips are utilized inside the structure to gather the information and accordingly deal with the administrations and capacities. Such kind of frameworks help the administrators, proprietors, and office supervisors to upgrade the asset performance and unwavering reliability, which prompts space optimization, limits the energy use, and decreases the ecological effect of structures.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising regulations in industries and initiatives taken by government for smart cities is driving the growth of the market.
- Growing concerns for optimizing the consumption of energy is a favourable factor driving the market growth.
- Rising investment costs for implementation of these projects is acting as a restraint for the growth of the market.
- Lack of skilled workforce available to operate and maintain these systems are a restraint in the market growth.
- The unexplored markets of emerging economies and the use of latest technologies such as 5G and IoT are opportunities for the growth of the market.
Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=14983
Competitive Landscape:
Some of the other key players operating in the market include Siemens AG, ABB Group, Cisco Systems, Schneider SE, United Technologies Corporation, Building Inc., Honeywell International, IBM Corporation, Johnson controls, and Delta Controls. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.
The Global Smart Building Market has been segmented on the basis of
Product Types
- Solutions
- Services
Applications
Building Infrastructure Management
- Parking Management System
- Smart Water Management System
- Elevators and Escalators Management System
Security & Emergency Management
- Access Control System
- Video Surveillance System
- Safety System
Energy Management
- HVAC Control System
- Lighting System
Network Management
- Workforce Management
End-users
- Industrial
- Residential
Regions
- Asia Pacific
- China
- India
- Japan
North America
- S.
- Canada
Latin America
- Brazil
- Mexico
Europe
- Germany
- K.
- France
Middle East & Africa
Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=14983
Why Choose Us:
- We offer industry-leading critical reports with accurate insights into the future of the market.
- Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments.
- We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency.
- The demand and supply dynamics offered in the report give a 360 degree view of the market.
- Our report helps readers decipher the current and future constraints in the Smart Building Market, and help them formulate optimum business strategies to maximize growth in the market.
Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Smart Building Market Overview
- Global Smart Building Market Analysis and Forecast by Type
- Global Smart Building Market Analysis and Forecast by Application
- Global Smart Building Market Analysis and Forecast by Sales Channel
- Global Smart Building Market Analysis and Forecast by Region
- North Smart Building Market Analysis and Forecast
- Latin Smart Building Market Analysis and Forecast
- Europe Smart Building Market Analysis and Forecast
- Asia Pacific Smart Building Market Analysis and Forecast
- Middle East & Africa Smart Building Market Analysis and Forecast
- Competition Landscape
About DataIntelo:
DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.
Contact Info:
Name: Alex Mathews
Address: 500 East E Street, Ontario,CA 91764, US.
Phone No: US: +1 909 545 6473 | IND: +91–7000061386
Email: [email protected]
Website: https://dataintelo.com