Smart Building Market Report, Share, Size, Trends, Growth Analysis and Forecast 2020 - 2025

Posted July 18, 2020 by imarcresearch

A smart building includes an integration of various automated processes pertaining to air conditioning, ventilation, security, heating, lighting, etc.
A smart building incorporates various automated processes, including air conditioning, ventilation, security, heating, lighting, etc. It comprises of HVAC systems, occupancy sensors, security devices, advanced lighting controls, water management devices, parking assistance systems, etc. They provide better security, real-time monitoring, optimum space utilization, and enhanced energy performance. Smart buildings are widely incorporated across several industries, including residential, hospitality, retail, healthcare, etc.

Some of the key players being ABB Ltd (ABB), Cisco Systems Inc (CSCO), Hitachi Ltd (HTHIY), Honeywell International Inc (HON), Huawei Technologies Co. Ltd., IBM Corporation (IBM), Intel Corporation (INTC), Johnson Controls International Public Limited Company (JCI), Schneider Electric SE (SU) and Siemens AG (SIEGY) etc.

Browse Full Report With TOC:

The growing development of smart cities, along with the increasing requirement for energy-efficient buildings, are escalating the smart building market growth. Furthermore, the augmentation of Internet-of-Thing (IoT)-based devices for remote monitoring is also bolstering the market growth. The growing traction for optimum building automation systems and rising levels of urbanization are further driving the market. Besides this, the increasing number of government initiatives to support smart infrastructures is also propelling the demand for smart buildings. Additionally, the increasing awareness of energy conservation has led to the advent of energy-efficient and ecologically sustainable buildings. Moreover, the growing trend for Building Information Modelling (BIM), and intelligent prefabrication systems is also fostering the development of advanced infrastructures. Several technologies, such as big data, cloud computing, data analytics, and artificial intelligence (AI), are rapidly being adopted to minimize building equipment downtime and operational costs. The growing security concerns have further increased the installation of access control, video surveillance, and emergency systems in smart buildings, thereby further proliferating the smart building market growth.

Request for a free sample report:

Key Market Segmentation

Breakup by Component:

• Hardware
• Software
• Service
• Professional Service
• Managed Service

Breakup by Technology:

• Building Infrastructure Management (BIM)
o Parking Management System
o Smart Water Management System
o Elevators and Escalators Management System
• Security and Emergency Management
o Access Control System
o Video Surveillance System
o Safety System
• Energy Management
o HVAC Control System
o Lighting System
• Network & Communication Management
o Workforce Management
o Others

Breakup by End User:

• Commercial
• Residential
• Government & Public Infrastructure
• Healthcare
• Education
• Transport
• Manufacturing & Industrial
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Browse Related Report

Biostimulants Market Report:

Car Rental Market Report:

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: [email protected]
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By IMARC Group
Phone 6317911145
Business Address 30 N Gould St, Ste R
Sheridan, WY 82801
Country United States
Categories Architecture , Construction , Industry
Tags smart building , smart building market report , smart building market share , smart building market size , smart building market trends
Last Updated July 18, 2020