Press release
Global Smart Building Market to Witness Significant Growth, Reaching USD 80.92 Billion by 2022
Smart Building Market
For more information or to access the full report, please visit:https://www.maximizemarketresearch.com/market-report/global-smart-building-market/6809/
Report Scope:
Our latest report on the Global Smart Building Market provides comprehensive insights into market values, drivers, restraints, and regional dynamics. Utilizing advanced research methodologies, the report offers actionable intelligence to stakeholders seeking to capitalize on emerging opportunities in the smart building sector.
Research Methodology:
Through a combination of primary and secondary research alongside advanced analytical tools, our report delivers accurate forecasts and strategic insights. By analyzing complex data in a simplified manner, we empower decision-makers with the information needed to navigate the evolving smart building market effectively.
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Market Drivers:
Building Electrification: The trend towards building electrification is gaining momentum, driven by CO2 reduction targets, the rise of electric vehicles and solar energy, and regulations banning gas hook-ups in new constructions.
Investment in Edge Computing: Edge computing is becoming a focus for building IoT programs, offering benefits such as reduced bandwidth load, improved response times, enhanced data security, and lower energy consumption.
Growing Energy Consumption: Increasing global energy demand is fueling the adoption of smart technologies for energy management, driving the need for efficient utilization of electricity consumption.
Development of 5G Technology: The introduction of 5G technology is enhancing intelligent building capabilities, facilitating real-time operations and connectivity for IoT-enabled devices.
Market Restraints:
Interoperability Issues: Challenges related to communication solutions interoperability hinder effective smart building operations, posing a restraint to market growth.
Remote Building Management: While remote management technologies are increasingly important, the COVID-19 pandemic has highlighted the need for enhanced remote monitoring and management systems.
Government Supportive Laws and Regulations: While governments are supportive of smart building initiatives, regulatory complexities and compliance requirements can pose challenges to market expansion.
Regional Insights:
North America: Accounting for the largest market share, North America is experiencing significant growth driven by technological advancements, government investments, and a focus on sustainability and efficiency.
Asia Pacific: Expected to witness rapid growth, Asia Pacific benefits from increasing investments in smart building infrastructure, driven by rising urbanization, technological advancements, and government initiatives.
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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
The solution category is anticipated to expand at the highest CAGR of approximately 12.84% throughout the course of the projection period, depending on the component. The real estate sector's increasing demand for smart infrastructures is the reason behind this increase. New opportunities for market players are also presented by the rising adoption of IoT-based smart building systems and the increasing industry awareness of the need to implement energy-efficient solutions.
by Building Type
Residential
Commercial
Industrial
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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:
Global Smart Building Market: Research Methodology
Global Smart Building Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Smart Building Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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Key Offerings:
A detailed Market Overview
Market Share, Size, and Forecast by Revenue
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape - Leading key players and other prominent key players.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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