Smart Building Market Overview

In 2023, the smart building market was estimated to be worth USD 89.73 billion. The global smart building market is expected to expand at a compound annual growth rate (CAGR) of 10.89%.

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Smart Building Market Report Scope and Research Methodology

The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Smart Building market. The report is an in-depth analysis of the Smart Building market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Smart Building market. The bottom-up approach was used to understand the Smart Building market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Smart Building market.

The Smart Building Market report portrays the scope of the industry, including the segmentation by product type and end-use industry, and examines various emerging opportunities while analyzing supply chain dynamics with market size estimates, growth, and competition including soil survey. The research method gathers large amounts of data into a brief survey using primary and secondary data collection, rigorous research methods, quality assurance procedures, and ethical considerations, and provides users gain insights that can be used for informed decisions in the Smart Building industry.

Smart Building Market Regional Insights

Regional analysis is conducted to assess the status of the Smart Building market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Smart Building market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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Smart Building Market Segmentation :

by Component

Solutions
Building infrastructure Management
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 Management
IWMS
Services
Consulting
Implementation
Support and Maintenance

Over the course of the projected period, the solution sector is anticipated to grow at the highest CAGR of over 12.84%. The real estate industry's increasing need for smart infrastructures is the reason for this expansion. Additionally, new opportunities for market participants are presented by the growing awareness among industries about the implementation of energy-efficient solutions and the rise in the use of IoT-based smart building solutions.

by Building Type

Residential
Commercial
Industrial

the commercial category is predicted to expand at the highest CAGR of 13% to reach US$ n. by 2030. The demand for appropriate and ideal solutions for optimized energy efficiency to reduce building energy consumption without sacrificing comfort or safety and enhance commercial building energy performance may be the driving force behind the commercial segment's growth.

Smart Building Market Key Players :

1. CISCO
2. HONEYWELL
3. JOHNSON CONTROLS
4. SIEMENS
5. IBM
6. HITACHI
7. SCHNEIDER ELECTRIC
8. INTEL
9. HUAWEI
10. ABB
11. LEGRAND
12. BOSCH
13. TELIT
14. PTC
15. KMC CONTROLS
16. VERDIGRIS TECHNOLOGIES
17. ACQUICORE
18. 75F
19. BUILDINGIQ
20. ENTOUCH
21. SOFTDEL
22. MODE:GREEN
23. COPPERTREE ANALYTICS
24. SPACETI
25. IGOR

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Key questions answered in the Smart Building Market are:

What is Smart Building ?
What was the Smart Building market size in 2023?
What is the growth rate of the Smart Building Market?
Which are the factors expected to drive the Smart Building market growth?
What are the different segments of the Smart Building Market?
What growth strategies are the players considering to increase their presence in Smart Building ?
What are the upcoming industry applications and trends for the Smart Building Market?
What segments are covered in the Smart Building Market?
Who are the leading companies and what are their portfolios in Smart Building Market?
What segments are covered in the Smart Building Market?
Who are the key players in the Smart Building market?

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