Smart Building Market Set for Rapid Growth, To Reach CAGR of Over 31.5% by 2022 and Key Players - ABB Group, Accenture, Buildingiq, Inc., Cisco Systems, Inc., Delta Controls, etc.

Smart Building Market

According to Publisher, the Global Smart Building market is expected to grow from $6.46 billion in 2015 to reach $43.96 billion by 2022 with a CAGR of 31.5%. Growing safety and security concerns, increasing adoption of energy saving technologies, raising government investments on smart buildings are the major factors propelling the market growth. In addition, compounding global population, rapid urbanization in emerging countries are some of the other factors bolstering the market growth. However, expensive set up costs, lack of skilled labour are the constraints limiting the market growth.

North America accounted for the largest market share, led by the maximum adoption of smart building systems. The U.S. is likely to remain as the key market for smart buildings throughout the forecast period driven by its high adoption rate and development. The Asia Pacific smart buildings market is anticipated to grow at the highest CAGR amongst all regions, backed by its resilient GDP growth and the growing real estate market.

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Top Market Players:
ABB Group, Accenture, Buildingiq, Inc., Cisco Systems, Inc., Delta Controls, Emerson Electric, Flamencotech, General Electric, Hewlett-Packard, Honeywell International Inc., IBM Corporation, Ingersoll Rand Security Technologies, Johnson Controls, Inc., Schneider Electric SE, Siemens AG, TYCO International, and United Technologies Corporation.

This research report provides an in-depth analysis of the market size, share, growth rate, drivers, restraints, challenges, threats, and growth opportunities in existing and potential markets.

The report has been collated as a result of the qualitative and quantitative research, first-hand information, and inputs from industry professionals and industry participants across the value chain. The study also provides a detailed assessment of the current market trends, micro- and macroeconomic indicators and governing factors, as well as the market attractiveness, as per the segments and sub-segments. The report also focuses on the qualitative impact of the different Smart Building market factors on market segments and geographies.

Major Types of Smart Building covered are:
- Government and public infrastructure facilities
- Residential buildings
- University, school campuses, and hospital buildings
- Manufacturing facilities
- Commercial buildings
- Other Building Types

Systems Covered:
- Network and communication management systems
- Infrastructure management
o Elevators and escalators management system
o Plumbing and water management system
o Parking management system
o Smart water management
- Intelligent security system
o Emergency management system
o Video surveillance system
o Access control system
- Building energy management system
o Lighting control system
o Energy Management Platform
o HVAC control system

Market Segment by Regions, regional analysis covers:
- North America
- Europe
- Asia Pacific
- Rest of the World

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Key features of the Worldwide Smart Building Market Research Report:
Some of the market dynamics covered in this report include the market drivers, threats, and opportunities. It analyzes the overall market segments to predict the evolving ones and provides a detailed segmentation of the Smart Building industry, based on the product types, applications, and key geographies. The report also provides a comprehensive study of the global Smart Building market share and forecasts.

The intelligence study underlines the leading market players with their strategies, methodologies, and the approaches used. The market research report also provides information with regards to the local, regional, and global markets and its developing segments. The market dynamics is inconsistent and hence a detailed study of the market sources is also cited.

Questions covered in Worldwide Smart Building Industry research report:
- What are current global Smart Building market tendencies, obstructions, and challenges faced by the key competitors of Smart Building market?
- What are major outcomes and consequences of the five strengths study of Smart Building industry?
- What will be the Smart Building market capacity and growth estimation forecast up to 2023?
- Who are the major players in the world Smart Building market and what ways they follow to increase overall revenue?
- What are the durability’s and defects of the Smart Building industry?

In the last section of the report, the global Smart Building market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Smart Building Market.

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This release was published on openPR.