Smart Buildings (Nonresidential Buildings) Market Value is Expected To Reach $54.94 Billion By 2023 | Covid 19 Growth and Change

The Business Research Company offers "Smart Buildings (Nonresidential Buildings) Market Global Report 2020-30: COVID-19 Growth And Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global smart buildings (nonresidential buildings) market is expected to decline from $49.23 billion in 2019 and to $41.72 billion in 2020 at a compound annual growth rate (CAGR) of -15.26%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $54.94 billion in 2023 at CAGR of 9.61%.

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The smart buildings (nonresidential buildings) market consists of sales of smart buildings (nonresidential buildings) and related services. Smart buildings have automated processes and increase operational efficiency of a non-residential, commercial as well as industrial buildings. The smart building (nonresidential buildings) involves the use of sensors, actuators, microchips to automatically control the processes of the building such as heating, ventilation, air conditioning, lighting, security and other systems.

The smart building (nonresidential) market is driven by the increasing demand to automate tasks by using IoT (Internet of Things) devices. IoT involves sending and receiving data by a network of sensors, appliances, meters and other devices in a smart building. The IoT enabled sensors and devices are used to increase the efficiency of the appliances in a smart building making it more efficient, sustainable, safer such as a few IoT enabled sensors are capable of automatically turning the lights on sensing the presence in a room thus adding a distinctive attribute to the smart building.

Smart Buildings (Nonresidential Buildings) Market Segmentation: -
By Automation Type
Intelligent Security System
Building Energy Management System
Infrastructure Management System
Network Management System

By Application
Government
Airports
Hospitals
Institutes Manufacturing & Industrial facilities
Others

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Few Points From Table Of Content
1. Executive Summary
2. Smart Buildings (Nonresidential Buildings) Market Characteristics
3. Smart Buildings (Nonresidential Buildings) Market Size And Growth
4. Smart Buildings (Nonresidential Buildings) Market Segmentation
5. Smart Buildings (Nonresidential Buildings) Market Regional And Country Analysis
……
25. Smart Buildings (Nonresidential Buildings) Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Smart Buildings (Nonresidential Buildings) Market
27. Smart Buildings (Nonresidential Buildings) Market Trends And Strategies
28. Smart Buildings (Nonresidential Buildings) Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Smart Buildings (Nonresidential Buildings) Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Smart Buildings (Nonresidential Buildings) Market are PCl Construction, Skanska, Arabian Construction Company, Besix , Spire Realty Group.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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