Smart Building Market 2021 Growth and Prominent Players - ABB Ltd., Honeywell International Inc., Siemens AG, Schneider Electric SE, Huawei Technologies Co. Ltd

The Smart Building Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This report also provides an analysis of the impact of the COVID-19 pandemic on Smart Building Industry.

The smart building market was valued at USD 82.55 billion in 2020 and is expected to reach USD 229.10 billion by 2026 at a CAGR of over 18.50% over the forecast period (2021 - 2026).

(Exclusive Offer: Flat 25% discount on this report)

Get Free Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/05202906441/smart-building-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=PD                                                       

Top Leading Companies of Smart Building Market are ABB Ltd., Honeywell International Inc., Siemens AG, Schneider Electric SE, Huawei Technologies Co. Ltd, IBM Corporation, Cisco Systems Inc., Johnson Controls Inc, Legrand SA, Avnet Inc., Hitachi Ltd, Softdel (A UNIDEL Company) and others.

Industry News and Updates:

- August 2019 - Honeywell International, Inc. a global vendor in smart building technology and services, introduced the next generation of Enterprise Building Integration (EBI), Command and Control Suite (CCS), and Digital Video Manager (DVM), a suite of solutions enabled by the Honeywell Forge for Buildings platform. This solutions drive facility efficiency, streamline complex functions, and deliver savings across an enterprise.
- November 2019- ABB launched IoT Dashboard for mid-sized commercial building automation solutions. Pre-programmed frames make it easy to configure the dashboard and deliver quick results. The addition of the KNX standard drives interoperability and makes it ideal for use in all commercial building types. The IoT Dashboard can be accessed remotely via a PC or handheld device, allowing users to access several facilities from anywhere.

Key Market Trends:

Building Energy Management System to Witness a Significant Market Share

- The increasing demand for reduction in energy consumption level and continuing growth of energy use, owing to an increasing number of commercial buildings, created a need to develop innovative techniques, so as to reduce and optimize building energy use.
- Quite recently, building energy management system (BEMS) has gained popularity because of the increasing interest in energy conservation and savings. Building energy management system is capable to control and monitor the building's energy needs.
- Bigger buildings require advanced building and predictive analytics, building optimization and continuous optimization, demand response, automated building control, autoDR and enterprise integration, while small-sized buildings require a system that can provide information on incentive availability, historical billing analysis and behavioral, educational, and retrofit suggestions. BEMS is playing a key role in fulfilling these requirements.
- Companies are also offering BEMS solution for medium-sized buildings, in which they are providing energy monitoring, retro and continuous commissioning, NOC availability, maintenance and trouble ticket management, AMI data analysis, and retrofit program suggestions.
- Government initiatives, such as the EU’s Energy Performance of Buildings Directive (EPBD) and the US Commercial Building Initiative (CBI), are forcing public authorities and businesses to step up their efforts to limit greenhouse gas emissions and energy consumption at the community level.

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

Browse Full Report at:

https://www.marketinsightsreports.com/reports/05202906441/smart-building-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=PD                                                               

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Smart Building Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

We Offer Customization On Report Based On Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.

Contact US:
Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.