DUBLIN–(BUSINESS WIRE)–The “Smart Buildings Market 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The global smart buildings market is anticipated to grow at a substantial CAGR of 11.2% during the forecast period. The primary factor driving the smart buildings market is adoption of technological advancements in construction of smart buildings as it enables efficient and economical use of resources.
Smart buildings utilize a wide range of technologies and are designed in a way that permits for the incorporation of future technological developments. IoT sensors, Building Management Systems (BMS), AI, and augmented reality are the mechanisms that are used in a smart building to govern and enhance its performance.
Producers of smart building solutions are continuously bringing innovations to remain competitive in the market. For instance, in October 2020, ABB launched its first series of Virtual Innovation Shows for smart buildings. The Innovation shows explored key drivers in the smart building market, to understand the increased importance of building safety and the enhanced adoption of digital technologies.
The global smart buildings market is segmented based on the building type, solution and service. Out of the building type, the market is segmented into residential, commercial and industrial. Based on the solution, the market is sub-segmented into the safety & security management system, energy management system, building infrastructure management system, network management, and IWMS. Based on the service, the market is sub-segmented into the consulting, implementation and support & maintenance. Out of solution segment, energy management is expected to emerge as growing sector in smart buildings market due to increasing initiatives to save the energy and introduction of sustainable solutions in the market.
For instance, in September 2021, Turntide Technologies launched its new Turntide for Buildings, as an intelligent building solution. Turntide syndicated its Smart Motor SystemTM with automation software, connected edge equipment, and cloud insights to enhance energy efficiency and modernize building operations whereas reducing idle time and repairs charges.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific region is expected to show the significant growth in smart building market due to rise in adoption of advance technology and increased investments in smart building projects. Countries like India, China and Japan are majorly contributing to the growth of smart buildings market in that region.
For instance, in March 2020, Siemens Smart Infrastructure launched the smart building suite in India to familiarize with user needs, enhance employee performance and empower methods to utilize office space more competently and economically. The suite is developed to expand employee productivity and it is based on digitalization and interactive tools.
Market Segmentation
- Global Smart Buildings Market Research and Analysis by Building Type
- Global Smart Buildings Market Research and Analysis by Solution
- Global Smart Buildings Market Research and Analysis by Service
The Report Covers
- Comprehensive research methodology of the global smart buildings market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global smart buildings market.
- Insights about market determinants that are stimulating the global smart buildings market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
Companies Mentioned
- ABB Ltd.
- Buildingiq.
- Coppertree Analytics Inc.
- Efacility
- Entouch
- Endeavor Business Media, LLC
- 75F
- Igor Inc
- Intel Corp
- Johnson Controls Internationals
- KMC Controls
- Legrand North America, LLC.
- Mode:Green Integrated Building Technology
- PTC Inc.
- Schneider Electric Se
- Siemens AG
- Softdel System Pte. Ltd.
- Spaceti S.R.O.
- Spacewell International.
- Telit
- Thales Group
- Verdigris Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/io61n5
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