Smart Building Market Revenue Share, SWOT Analysis, Analysis and Forecast 2029

Smart Building Market Expected to Reach USD 166.85 Billion by 2029, with 10.89 % CAGR

Smart Building Market Report Scope and Research Methodology

Report Scope:

Smart buildings, also known as automated buildings, incorporate cutting-edge technology to enhance efficiency, safety, sustainability, and cost reduction in various environments such as university campuses, offices, apartments, hospitals, museums, schools, malls, and outdoor areas. This report delves into the dynamics, trends, and drivers shaping the global smart building market, offering valuable insights for stakeholders.

Research Methodology:

Our comprehensive report employs a robust research methodology, combining primary and secondary research to provide accurate data and analysis. We have utilized industry expertise, market surveys, and extensive data analysis to compile this informative report.

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What are Smart Building Market Dynamics?

Drivers:

Building Electrification: The shift towards building electrification is gaining momentum globally, driven by CO2 reduction targets, the rise of electric vehicles, solar energy adoption, and regulatory measures in several regions.

Edge Computing for Building IoT: Investment in edge computing is set to revolutionize building IoT programs, enhancing data processing efficiency, reducing bandwidth usage, ensuring faster response times, enhancing data security, and lowering energy consumption.

Growing Energy Consumption: The global demand for energy has prompted the adoption of energy-efficient technologies in buildings, reducing electricity consumption and promoting sustainability.

5G Technology: The introduction of 5G technology plays a pivotal role in advancing IoT-enabled devices, providing real-time operational efficiency and enabling innovative AI-enabled solutions.

Remote Building Management: The COVID-19 pandemic has emphasized the need for remote building management technologies, allowing for efficient off-site monitoring and optimization of building systems.

Government Supportive Laws and Regulations: Governments worldwide are implementing laws and regulations to promote energy efficiency and sustainability in construction, boosting the adoption of smart building solutions.

Smart Building Market Segmentation?

by Component

Solutions
Building infrastructure Management
Parking Management System
Smart Water Management System
Elevators and Escalators Management System
Security and Emergency Management
Access Control System
Video Surveillance System
Safety System
Energy Management
HVAC Control System
Lighting System
Network Management
IWMS
Services
Consulting
Implementation
Support and Maintenance

by Building Type

Residential
Commercial
Industrial

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Who are Smart Building Market Key Players?

1. CISCO
2. HONEYWELL
3. JOHNSON CONTROLS
4. SIEMENS
5. IBM
6. HITACHI
7. SCHNEIDER ELECTRIC
8. INTEL
9. HUAWEI
10. ABB
11. LEGRAND
12. BOSCH
13. TELIT
14. PTC
15. KMC CONTROLS
16. VERDIGRIS TECHNOLOGIES
17. ACQUICORE
18. 75F
19. BUILDINGIQ
20. ENTOUCH
21. SOFTDEL
22. MODE:GREEN
23. COPPERTREE ANALYTICS
24. SPACETI
25. IGOR

Table of content for the Smart Building Market includes:

Part 01: Executive Summary

Part 02: Scope of the Smart Building Market Report

Part 03: Global Smart Building Market Landscape

Part 04: Global Smart Building Market Sizing

Part 05: Global Smart Building Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: Accounting for nearly 52% of the market share in 2022, North America leads in smart building adoption due to its technological advancements, investment in cutting-edge solutions, and government support for sustainable building practices.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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