Smart Building Market 2022 Competitive Insights and Precise Outlook - 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.

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).

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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

North America to Dominate the Market Share

- North America holds the prominent share of the global market owing to the presence of the high volume of early adopters in the United States and Canada. Over the forecasted period, the region is expected to dominate the global market, owing to its developed infrastructure that can house smart automation solutions in both the residential as well as the commercial segments.

- The governments in the region are also pushing toward the adoption of such smart solutions due to the energy-saving benefits offered by such systems. The US Green Building Council runs the 'LEED' program in collaboration with the Bank of America Charitable Foundation providing support to the local governments that are looking for adopting sustainable solutions.

Regional Outlook of Smart Building Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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