Smart Building Market by Type, Share, Application and Forecast Till 2030

 Smart Building Market 2021

Global Smart Building Market estimated to Reach US$ 33,547.3 Mn by 2022, Due to Increasing Demand for Integrated Security & Safety Systems

Integrated communication and control systems provide a flexible, effective, comfortable, and secure building environment for operators and occupants. Integrated communication increases building functionality by allowing operators to use a single interface to control an entire network of building automation systems. Intelligent building technology utilizes building automation systems to improve and control many operations. Growing need for integrated security and safety systems in buildings and the implementation of the IoT platform in building automation technology are expected to drive the growth of the smart building market.

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Major Key Players:

Smart Building Market Participants include Siemens AG, ABB Group, Cisco Systems, Schneider SE, United Technologies Corporation, Building, Inc., Honeywell International, IBM Corporation, Johnson controls, Delta Controls, among others. For instance, On Oct 1, 2017, Schneider Electric launched EcoStruxure Building, a new platform designed to support the management of smart buildings. This new solution integrates both system and application data covering an entire building operation into one single interface. 

Key findings of the report:

Europe is expected to account for the largest Smart Building market share during the forecast period due to the increased initiatives by the region’s governments to build smart and intelligent structures. Also, with the increasing technological developments and adoption of new infrastructure security & services, this region is projected to boost the market.

Commercial buildings include office buildings, retail infrastructures such as malls, shopping stores, and others. All these buildings have huge utilization of energy and require high-tech security systems and thus commercial buildings have increased utilization of the automated systems. It also helps to create and maintain a safer and more secure, productive and comfortable environment as cost-effectively as possible. The commercial buildings segment accounted for the largest share in 2017 and is expected to retain its dominance throughout the forecast period 2018-2026.

Market Segmentation

Smart Building Market - By Automation Type

Energy Management

Intelligent Security Systems

Infrastructure Management

Network & Communication Management

Smart Building Market By Services

Professional Services

Managed Services

Market By Application

Commercial

Residential

Government

Airports

Hospitals

Institutes

Manufacturing & Industrial Facilities

Others 

Smart Building Market By Region

North America

U.S.

Rest of North America

Europe

France

The UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

Southeast Asia

Rest of Asia Pacific

Middle East and Africa

GCC Countries

Southern Africa

Rest of Middle East and Africa

Latin America

Brazil

Rest of Latin America

.…

Contact us:

Shreyas Tanna

Phone: +91-740-024-2424

Absolute Markets Insights

Email: sales@absolutemarketsinsights.com

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