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Smart Building Industry Is Gaining Huge Growth In Upcoming Years

02-25-2024 10:12 AM CET | IT, New Media & Software

Press release from: The Insight Partners

Smart Building Industry Is Gaining Huge Growth In Upcoming Years

A smart building is a formation that controls building services such as ventilation, heating, air conditioning, security, lighting, and other systems using IoT and automated technology. A smart building collects and handles data using sensors, actuators, and microchips in line with an organization's (or household's) tasks and services. Such smart infrastructure solutions help facility managers improve asset reliability and performance, owners and operators, reduce energy consumption, improve space utilization, and reduce the environmental impact of buildings.

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The expanding use of intelligent technology and demand for energy-efficient systems drive the market CAGR for smart buildings. The growing urbanization is expected to propel the global smart building. With the urbanization trend in mind, governments globally are investing in smart city initiatives for enhanced infrastructure, cleaner transportation, intelligent buildings, and other smart technology. The growing worry over rising global energy usage is expected to enhance innovative and energy-efficient technology.

The List of Companies

1. ABB Ltd.
2. BuildingIQ
3. Cisco
4. Delta Controls
5. Honeywell International
6. IBM
7. Johnson Controls
8. Schneider Electric
9. Siemens AG
10. United Technologies Corporation

Contact Us:

Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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