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Smart Building Market: Emerging Opportunities, Major Players Strategies & Market Forecasts 2019-2026

03-17-2020 10:50 AM CET | Industry, Real Estate & Construction

Press release from: GMI Research

Smart Building Market - GMI Research

Smart Building Market - GMI Research

One of the key factors supporting the growth of the market for smart buildings is a growing global need for reducing energy consumption, by both individuals and organizations. In addition, penetration of the Internet of Things (IoT), control systems and automation systems are also propelling growth of the smart building market. For instance, Siemens AG developed a building automation technology called as Desigo CC, which integrates all building systems such as heat, ventilation, lighting, video surveillance etc. into one single platform that can be operated intuitively. Moreover, development of smart cities across the globe is also a driving factor in the growth of the smart building market. However, factors such as high initial cost, lack of open standard and lack of a skilled workforce are some of the factors that are hampering the growth of the smart building market.

Request Sample Report of Global Smart Building Market: https://www.gmiresearch.com/report/global-smart-building-market/sample-request

Smart Building integrates technology and energy management system with buildings, automating the process thereof. Some of the major functions of smart buildings are temperature control, air-condition control, security control, lighting control, network management, ventilation, water management, fire alarm etc. All these operations are controlled by sensors and microchips, which in turn accumulate data and organize them according to their respective functions and services. Smart buildings help in providing better asset security, performance, and experience to building owners, staff and operators. Key benefit of smart buildings is that they are energy efficient, thereby enhancing productivity gains.

Various notable players operating in the market, include Siemens AG, ABB Ltd, Schneider Electric, Cisco Systems, United Technologies Cooperation, IBM Cooperation, Delta Controls, Building IQ, Honeywell International, Johnson Controls, among others. In April 2018 for instance, Schneider Electric introduced a new generation EcoStruxure building platform, which helps in maximizing building efficiency, improving the productivity of the people and increasing the building value thereof.
Know more about the Global Smart Building Market: https://www.gmiresearch.com/report/global-smart-building-market/

The Global Smart Building market has been segmented based on the building type, building automation type and key geographies. Basing on the product type, the market is segmented into Residential and Commercial. Commercial buildings are further categorised into government, industrial, hospitals, airports, universities, among others. On the basis of building automation software type, the market is categorized into energy management software, security systems infrastructure management software and others and based on geography.

The research report 'Global Smart Building Market' provides an in-depth analysis of global smart building market based on building type, building automation type and major geographies for the forecasted period, i.e. from 2018 to 2025. The report also highlights the major market drivers propelling growth, as well as indicates challenges faced by market participants; it also provides the market size, basing on which it forecasts the trend in the global smart building market ahead. In addition, the report also analyses the competitive landscape, highlights the major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Market Segmentation

By Building Type
o Residential
o Commercial
o Government
o Industrial
o Hospitals
o Airport
o Universities
o Others

By Automation Type
o Energy Management
o Security Systems
o Infrastructure Management
o Others

By Geography
o North America
As a part of the customization
o By Building Type
o By Automation Type
o US
o Canada
o Mexico

o Europe
As a part of the customization
o By Building Type
o By Automation Type
o UK
o Germany
o Spain
o Rest of Europe

o Asia-Pacific
As a part of the customization
o By Building Type
o By Automation Type
o China
o Australia
o India
o Rest of APAC

o ROW
As a part of the customization
o By Building Type
o By Automation Type
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of the LAMEA region)

Leading market players
o Siemens AG
o ABB ltd
o Schneider Electric
o Cisco Systems
o United Technologies Cooperation
o IBM Cooperation
o Delta Controls
o Building IQ ,Inc.
o Honeywell international Inc
o Johnson Controls
*Other prominent players in the market which can be profiled as a part of customization:
o Legrand SA
o Gemalto
o Hitachi
o Accenture Plc
o Emerson Electric

GCC Smart Building Market Size, Growth, Trends, Forecast till 2026 (Saudi Arabia, UAE, Oman, Qatar, Kuwait & Bahrain) https://menafn.com/1099557098/GCC-Smart-Building-Market-Size-Growth-Trends-Forecast-till-2026-Saudi-Arabia-UAE-Oman-Qatar-Kuwait-Bahrain

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: +353 1 442 8820; +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research:

GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

Our Company Profile Solution

Company Profiles provide an insight on competitors, customers, and potential suppliers. We at GMI Research understands that the standard or on shelf company profiles provides little help when it comes to business decision making as it doesn't cover the information required by the clients.

We have developed a range of company profiles solution to meet our client's specific business requirements irrespective of their role and the industry they operate in. Our company profiles solutions fit into our client's business requirements because it provides our clients with a broader choice of profiles:

To know more about our company profile solutions: https://www.gmiresearch.com/productservices/companyprofiles.html

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