Global Smart Building Market Research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps businesses in the decision-making process of planning and implementing strategies for their markets.
Smart Building Market Projected for USD 5.89 billion in 2017 and is projected to grow at a CAGR of 34.1% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Smart Building Market
A smart building associates BAS (Building Automation System) with the ordinary tasks of a building, for example, HVAC (Heating, Ventilation and Air Conditioning System), lighting, water supply, and fire crisis. It screens and controls the vitality use of the building and aides in sparing and enhancing the vitality proficiency of the building. The idea of smart building has picked up popularity worldwide as home designers and architectures have understood that these structures are accessible over the long run. In the current years, a few innovative headways have empowered building administrators to screen the ongoing exercises of the structures, which when joined with BAS helps in controlling the lighting and vitality frameworks.
Market Segmentation: Global Smart Building Market
The global smart building market is based on:-
- Systems Segment Analysis,
- Application Segment Analysis, And
- Geographical Segments.
Based on Type, the global smart building market is segmented into building automation software and services. Building automation software type is further sub segmented into intelligent security system, building energy management system, infrastructure management system and network management system. Services segment is further sub segmented into professional services, and managed services.
Based on System Segment Analysis, the global smart building market is segmented into building energy management system, physical security system, building communication systems, plumbing and water management system, parking management systems, elevators, and escalators management system.
Based on Application Segment Analysis, the global smart building market is segmented into manufacturing facilities, residential buildings, commercial buildings, university, school, & hospital buildings, government & public infrastructure facilities, and others.
Based on Geography, the global smart building market report covers data points for 28 countries across multiple geographies such as:-
- North America,
- South America,
- Asia-Pacific and
- Middle East & Africa.
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Global Smart Building Market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of smart building market for global, Europe, North America, Asia Pacific and South America.
Key Players: Global Smart Building Market
- ABB Group,
- Siemens AG,
- Schneider Electric,
- Cisco Systems Inc.,
- International Business Machines Corporation,
- Delta Controls,
- Johnson Controls,
- Honeywell International Inc.,
- United Technologies Corporation,
- Legrand, BuildingIQ (US),
- Ingersoll Rand Security Technologies,
- TYCO International,
- Accenture and
- General Electric
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