Smart Buildings Market: Current Status, Opportunities, and Future Prospects

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Rapid urbanization and increasing investment in smart technologies to enhance operational efficiency of commercial buildings are some key factors driving smart buildings market revenue growth

Emergen research's Global Smart Buildings Market research study is a comprehensive compilation of insightful data on the Smart Buildings industry. The report conducts extensive research on the factors that have an impact on the expansion of the Smart Buildings market as well as the expansion of the industry. The advantages and disadvantages of the pandemic for the Smart Buildings business are covered in great length in the paper. Due to supply chain interruptions and economic unpredictability, the dynamics of the Smart Buildings business have shifted. The most significant geographic and market segmental effects of the pandemic are examined in the paper. The segmentation of the Smart Buildings market is included in the study, along with a thorough breakdown of its size and value. This research goes into great detail on the projected timeline from 2021 to 2028 as well as the current period's Smart Buildings market scenario. For each industry vertical, segment, end-use industry, application, region, and industry vertical, the Smart Buildings market report offers a thorough examination of the previous, current, and projected revenues.

The global smart buildings market size is expected to reach USD 141.71 Billion in 2028 and register a revenue CAGR of 9.9% over the forecast period, according to the latest report by Emergen Research. Increasing number of smart cities across the globe and rising adoption of IoT-enabled Building Management Systems (BMS) and deployment of embedded sensors in buildings and devices are driving global smart buildings market revenue growth.

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The Smart Buildings research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Smart Buildings market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Smart Buildings market landscape.

The key companies studied in the report are:

Cisco Systems, Inc., Honeywell International Inc., Johnson Controls Internationals, Hitachi Ltd., Schneider Electric, ABB Ltd., Legrand, Siemens AG, Robert Bosch GmbH, and Telit

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

  • Automation Type Outlook (Revenue, USD Billion; 2018–2028)

    • Building Management System (BMS)
    • Heating, Ventilation, and Air Conditioning (HVAC)
    • Lightning Control System
    • Emergency Alarm and Evacuation System
    • Audio and Visual Effects
    • Video Surveillance System
    • Elevators and Escalators Systems
    • Fire and Life Safety Alarm
    • Energy Management
    • Others
  • Service Type Outlook (Revenue, USD Billion; 2018-2028)

    • System Integration and Deployment
    • Support and Maintenance
    • Consulting
  • Building Type Outlook (Revenue, USD Billion; 2018–2028)

    • Commercial Buildings
    • Residential Building
    • Governmental and Public Infrastructure Facilities
    • Educational Institutions
    • Others

The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Smart Buildings market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

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