Smart Buildings Market is set for lucrative growth during 2022-2031 | Size, Share, Demand and Opportunities Analysis by Leading Key Players (General Electric, ASEA Brown Boveri Group, Phoenix Energy Technologies, EFT Energy)

According to a new market research report published by Global Insight Services "Smart Buildings Market is expected to reach US$ XX bn by 2031". Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Read more about Smart Buildings Market here: https://www.globalinsightservices.com/reports/smart-buildings-market

Smart buildings are those that use technology and data to improve their efficiency and performance. This can include everything from using sensors to monitor energy use to using artificial intelligence to optimize building operations. By using data and technology, smart buildings can save energy, reduce costs, and improve the comfort and safety of occupants.

Key Players

• General Electric
• ASEA Brown Boveri Group
• Phoenix Energy Technologies
• EFT Energy
• GridPoint, Inc.
• eSight Energy, Inc.

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Key Trends
The key trends in Smart Buildings technology are:

• The use of sensors and data analytics to improve building performance
• The use of artificial intelligence (AI) to automate building operations
• The integration of smart building systems with the Internet of Things (IoT)
• The use of blockchain technology to secure data and transactions

Key Drivers

One of the most important drivers is the need to reduce energy consumption and costs. In many buildings, energy consumption can be reduced by up to 30% through the use of smart building technologies. This is a significant cost savings for building owners and managers, and is a key driver of the smart buildings market.

Another key driver of the smart buildings market is the need to improve occupant comfort and productivity. By using technologies such as automatic lighting controls and temperature management systems, buildings can provide a more comfortable and productive environment for occupants. This can lead to increased employee productivity and satisfaction, which is a key driver for the smart buildings market.

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Market Segments

By System
• Parking Management System
• Physical Security System
• BEMS
• Others

By Technology
• Wireless Technology
• Bus Technology
• Others

By Application
• Residential
• Commercial
• Industrial

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This release was published on openPR.