Press release
Smart Buildings Market to Witness Huge Growth by 2030 | BuildingIQ, Johnson Controls, ABB, BuildingLogix
Smart Buildings Market
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According to HTF Market Intelligence, the Global Smart Buildings market to witness a CAGR of % during forecast period of 2024-2030. The market is segmented by Application (Residential Buildings, Commercial Buildings, Hospitality, Airports, Institutional, Industrial, Others) by Type (Building Energy Management System (BEMS), Physical Security System, Building Communication Systems, Plumbing and Water Management System, Parking Management Systems, Elevators and Escalators Management System) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Any building structure that uses automated process to carry out and control construction operations are known as smart buildings. The smart building operations include ventilation, air conditioning, heating, lighting, security and other systems. Inclusion of smart building technology has dribbled down to many areas of day to day life, one such example being that of smart buildings.
Market Trends:
• Growing Government Initiatives for Smart Building Projects
• Adoption of Artificial Intelligence and IoT in Construction Automation
Market Drivers:
• Upsurging Need for Safety and Security Systems
• Increasing Disposable Incomes
Market Opportunities:
• Increasing Awareness about Environmental Concerns and Green Building Construction
• Increasing Demand for Smart City Development
Smart Buildings Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
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Players Included in Research Coverage: Siemens (Germany), Honeywell (United States), Schneider Electric (France), Johnson Controls (United States), United Technologies Corporation (United States), ABB (Switzerland), Advantech Co., Ltd. (Taiwan), Bosch Security Systems (United States), BuildingIQ (United States), BuildingLogix (United States)
Additionally, Past Smart Buildings Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Smart Buildings market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Smart BuildingsProduct Types In-Depth: Building Energy Management System (BEMS), Physical Security System, Building Communication Systems, Plumbing and Water Management System, Parking Management Systems, Elevators and Escalators Management System
Smart Buildings Major Applications/End users: Residential Buildings, Commercial Buildings, Hospitality, Airports, Institutional, Industrial, Others
Smart Buildings Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Thanks for reading this article, buy an individual chapter if not interested in a full study or avail of regional or limited scope reports like America or West Europe, or East Asia & Pacific or Country Specific reports like Japan, China, United States, and the United Kingdom, etc.
Contact Us:
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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sales@htfmarketintelligence.com
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About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
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