+33% CAGR to Be Achieved by Smart Building Market The Study Focuses On Top Key Player Like Siemens, ABB, Schneider Electric, Cisco Systems, Delta Controls, Accenture, General Electric, IBM, Honeywell

Buildings equipped with structured wiring that enables occupants control a range of electronic home equipment from a remote location are termed as smart buildings. These electronic devices can be programed by entering a single and simple command. As smart buildings emerge, homeowners can program their entertainment systems, control their homes or lighting systems, and turn home appliances on and off. Smart buildings help lower operating costs, carbon emissions and energy consumption.

Research N Reports Analyst Predicts That the Smart Building Market is Expected to Grow at a CAGR of +33% during the Forecast period.

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Top Key Player Covered In This Study are:
Siemens, ABB, Schneider Electric, Cisco Systems, Delta Controls, Accenture, General Electric, IBM, Honeywell

A key factor driving the growth of the smart building market is the growing global interest in energy consumption. As energy use is growing at a rapid pace, we need to find an efficient way to use it wisely. The demand for automation systems is increasing due to an increase in the number of commercial complexes that consume significant amounts of electricity and other types of energy.

Intelligent security systems are the most widely used type of automation in smart buildings. Intelligent security management systems significantly reduce operating costs and increase energy savings through automated energy conservation. Increased security challenges and the latest technological advances and reliability provided by intelligent security systems are driving demand in the global marketplace.

Commercial buildings include office buildings, retail infrastructures such as shopping malls, and shopping malls. All these buildings use energy-intensive and advanced security systems, so commercial buildings increase the utilization of automation systems. The commercial building sector has the largest share in 2017 and is expected to remain dominant over the forecast period. The Commercial Building segment is expected to register a CAGR of approximately 33% during the forecast period. As energy conservation issues increase to reduce operating costs, growth in this sector will accelerate.

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Regional Outlook:

Europe dominates the smart building market, which is followed by North America and the Asia-Pacific region. The market drivers in Europe are improved government efforts to build a smart, intelligent structure with a high adoption rate of technological advances. The Asia Pacific region is expected to grow at a CAGR of around 35% between 2018 and 2023. Factors that have a positive impact on market growth in the Asia-Pacific region include increased disposable income, expansion of commercial infrastructure and advanced automation technologies, particularly in developing countries

The expansion of the application areas and the emergence of innovative products have contributed substantially towards the market’s growth in the past years. Some of the key applications of the global Smart Building market are construction, automotive, marine, and aircraft. Among these, construction and automotive sectors are predicted to experience a high level of growth in the next few years. The growing demand high-efficiency vehicles and a remarkable rise in the construction activities are projected to encourage the growth of these segments in the research period.

Table of Contents
Global Smart Building Market Research Report.
Chapter 1 Smart Building Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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