Global Smart Building Market, By Component (Solutions and Services), Solution (Building Infrastructure Management (BIM), Security and Emergency Management, Energy Management, Network Management and Workforce Management), Service (Consulting, Integration and Deployment and Support and Maintenance), Building Type (Residential, Commercial and Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Smart building market is expected to grow at a CAGR of 20.59% in the forecast period of 2020 to 2027. Data Bridge Market Research report on smart building market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
A smart building associates BAS (Building Automation System) with the ordinary tasks of a building, such as, HVAC (Heating, Ventilation and Air Conditioning System), lighting, water supply, and fire crisis. It screens and controls the vitality use of the building and aides in sparing and enhancing the vitality proficiency of the building.
Adopting IoT-enabled building management system is increasing rapidly, creating awareness in relation to space utilization and industry standards and regulations are the factors driving the growth of the smart building market. Lack of cooperation and coordination among standard bodies and increasing concerns on security and data privacy are the factors restraining the smart building market. 5G technology is emerging rapidly acts as an opportunity. Lack of availability of skilled professionals is one of the challenges faced by the smart building market.
This smart building market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research smart building market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Building Market Scope and Market Size
Smart building market is segmented on the basis of component, solution, service and building type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on component, smart building market is segmented into solutions and services.
- Based on solution, smart building market is segmented into building infrastructure management (BIM), security and emergency management, energy management, network management and workforce management. Building infrastructure is sub-segmented into parking management system, smart water management system and elevators and escalators management system. Security and emergency management is sub-segmented into access control system, video surveillance system and safety system. Energy management is sub-segmented into HVAC control system and lighting system.
- Based on service, smart building market is segmented into consulting, integration and deployment and support and maintenance.
- Based on building type, smart building market is segmented into residential, commercial and industrial. Commercial is sub-segmented into office buildings, retail and public assembly buildings, hospital and healthcare facilities, airports and railway stations and others.
Smart Building Market Country Level Analysis
Smart building market is analysed and market size, volume information is provided by country, component, solution, service and building type as referenced above.
The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Building Market Share Analysis
Smart building market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart building market.
The major players covered in the smart building market report are Honeywell International Inc., Johnson Controls, Cisco System Inc., Siemens, IBM, Schneider Electric, Intel Corporation, Huawei Technologies Co. Ltd., ABB, L&T Technology Services Ltd., 75F, Telit, Pointgrab Inc., Logicladder, Spacewell International, PTC, Avnet Inc., Softdel, Wirepath Home Systems LLC, HCL TECHNOLOGIES LIMITED among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Smart Building Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.