Smart Building Market Outlook, Share, Size, Growth, Key Players and Industry Trends 2021-2026

According to IMARC Group’s latest report, titled “Smart Building Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global smart building market is expected to grow at a CAGR of around 15% during 2021-2026. A smart building is an integration of various automated processes from heating, ventilation, and air conditioning to security and lighting. It primarily includes HVAC systems, security devices, occupancy sensors, water management devices, advanced lighting controls, parking assistance systems, etc. Smart buildings offer enhanced security, real-time monitoring, optimum space utilization, and reduce energy consumption. As a result, smart buildings are widely adopted across diverse sectors, including residential, healthcare, hospitality, retail, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request for a PDF sample of this report: https://www.imarcgroup.com/smart-building-market/requestsample

Market Trends and Drivers:

Rapid urbanization, coupled with the increasing demand for energy-efficient buildings, is primarily driving the smart building market growth. Moreover, the growing penetration of Internet-of-Things (IoT)-based devices and automated systems to facilitate smooth functioning and monitoring within smart buildings is further propelling the global market. The market is also driven by the introduction of numerous government initiatives to develop smart cities, particularly across the emerging economies. Furthermore, rising consumer awareness regarding the need for energy conservation has further led to the emergence of energy-efficient and sustainable infrastructures. Besides this, several innovative technologies, such as cloud computing, data analytics, and artificial intelligence (AI), are being integrated with automated building systems, thereby augmenting the market growth. Apart from this, the rising security concerns have also led to the adoption of video surveillance, access control and emergency systems in smart buildings.

Smart Building Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global smart building market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Hitachi Ltd.
• IBM Corporation
• Intel Corporation
• Cisco Systems Inc.
• Schneider Electric SE
• Huawei Technologies Co. Ltd.
• ABB Ltd
• Siemens AG
• Honeywell International Inc
• Johnson Controls International Public Limited Company

Key Market Segmentation:

The report has segmented the global smart building market on the basis of technology, component, end user and region.

Breakup by Technology:

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

Breakup by Component:

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

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

Ask Analyst for Customization and Explore full report with TOC & List of Figures:https://bit.ly/3tvIqJi

Key Highlights of the Report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800