Global Smart Building Market to Expand with Significant CAGR During 2019-2024

A Smart Building is: Also referred to as an Intelligent Building. Smart buildings improve the productivity of people and processes by leveraging technology & actionable information to help you & your building make better decisions and become smart, efficient and sustainable. An integrated Smart Building with various sub-systems including Intelligent Integrated System (IIS), Information Technology System Infrastructure (ITSI), Information Technology Applying System (ITAS), Building facilities Management System (BMS), Public Security System (PSS) and Engineering of Electronic Equipment Plant (EEEP). The integrated system integrates the isolated devices, functionalities, and information of BMS, PSS, ITAS into a correlated and harmonized system via ITSI, with stability, combinability, and extendibility by ensuring to the combined management and correlations of the devices of the system. The global Smart Building market is valued at 58100 million USD in 2017 and is expected to reach 133600 million USD by the end of 2023, growing at a CAGR of 18.1% between 2017 and 2023.

Report Details: https://market.biz/report/global-smart-building-market-gir/87214/

The scope of the Report:
This report studies the Smart Building market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in the global market and splits the Smart Building market by product type and applications/end industries.
The market for the smart building is fragmented with players such as Honeywell, Johnson Controls, Siemens, UTC, Schneider, Ingersoll Rand(Trane), Azbil, General Electric, Eaton, Legrand, and so on. Among them, Honeywell is the global leading supplier.
On the basis of type, the smart building market is segmented into the software information system, building management system, engineering of electronic equipment plant, and installation & service.
Based on regions, the global smart building market is segmented into USA, Europe, China, Japan, and the Rest of the World (ROW). The USA is expected to account for the largest share and China is growing fastest of the market during the forecast period.
The Asia-Pacific will occupy for more market share in the following years, especially in China, also fast-growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from the United States might affect the development trend of Smart Building.

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Market Segment by Companies, this report covers
Honeywell
Johnson Controls
Siemens
UTC
Schneider
Ingersoll Rand(Trane)
Azbil
General Electric
Eaton
Legrand

Market Segment by Regions, regional analysis covers
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Market Segment by Type, covers
Software Information System
Building Management System
Engineering of Electronic Equipment Plant
Installation & Service

Market Segment by Applications can be divided into
Commercial Buildings
Residential Buildings
Government Buildings

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