Global Smart Buildings Market Value Expected To Reach $141.7 Bn By 2025 Says MMC


Posted May 9, 2021 by Market_consultancy

the Smart Buildings Market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market.
 
Brooklyn, New York, USA, 2021-Apr-30 — /Meridian Market Consultants/ — An overview of conceptual frameworks, analytical approaches of the Smart Buildings Market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The smart buildings market is expected to grow at a significant rate in the near future.

The global Smart Buildings Market in 2020 is estimated for more than US$ 55.7 Bn and expected to reach a value of US$ 141.7 Bn by 2028 with a significant CAGR of 12.4%.

Smart Buildings Market Dynamics

We spend most of our life living in these structures called buildings, be it our home, workplace or any other place. At the very beginning, buildings were just the structure made of sticks, stones, animal skins and other natural substances, which just used to fulfil basic needs of mankind including shelter and provide a safe and comfortable place to reside. Although, now that time has changed enormously, just fulfilling basic needs isn’t enough.

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The building occupants and the entire community, in the modern-day world, are starting to look outside the four walls of their house and acknowledging the significance of their building on the electrical grid as well as on the whole global environment. Thereby, the idea of “Smart Buildings” arose which uses technology to accumulate data about the activities in the building between systems so as to advance the building's performance. The accumulated data is then used to automate several different processes, ranging from lighting, heating and ventilation to air conditioning and security. The building owners are more encouraged in present times to look after the environment and surroundings as well as to reduce energy costs, which further promotes the idea of smart buildings in the global society.

Furthermore, several governments and regulatory authorities are also encouraging the idea of smart construction and infrastructure across the world along with imposing several laws and regulations to encourage current and future operations. Owing to which, the global smart buildings market is projected to grow expeditiously in the forthcoming years.

Smart Buildings Market Key Players

Some of the key participating players in global smart buildings market are:

    ABB Group

    Siemens AG

    Schneider Electric

    Cisco Systems, Inc.

    IBM Corporation

    Delta Controls

    Johnson Controls

    Honeywell International Inc.

    United Technologies Corporation

    Legrand

    BuildingIQ

    And Others

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Smart Buildings Market Segmentation

The global smart buildings market is segmented on the basis of types, building types, and end user.

By Types

    Building Automation Software

o    Intelligent Security System

    Video Surveillance System

    Access Control System

    Emergency Management System

o    Building Energy Management System

    Energy Management Platform

    HVAC Control System

    Lighting Control System

o    Infrastructure Management System

    Parking Management System

    Smart Water Management System

    Elevators and Escalators Management System

o    Network Management System

    Services

o    Professional Services

    Consulting Services

    System Integration and Deployment Services

    Support and Maintenance Services

o    Managed Services

By Building Types

    Manufacturing Facilities

    Residential Buildings

    Commercial Buildings

    University, School, & Hospital Buildings

    Government & Public Infrastructure Facilities

    Others
 

By Region

    North America

    Latin America

    Europe

    Asia Pacific

    Middle East

    Africa

To Identify the Key Trends in the Global Smart Buildings Industry, Visit: https://meridianmarketconsultants.com/global-smart-buildings-market

About Meridian Market Consultants:

Meridian Market Consultants (MMC) is committed to providing deep insights that serve as a creative tool for the client that enables it to perform confidently in the market. At MMC we adhere to the client's needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with a strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.

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Issued By Meridian Market Consultants
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Categories Business , Marketing
Last Updated May 9, 2021