Global Smart Building Market – Industry Analysis and Forecast (2017-2024)

Posted by Shubhangi Sapkal on August 19th, 2019

Global Smart Building Market is expected to reach USD 47.8 Billion by 2024 from USD 5.92 Billion in 2016 at a CAGR of 34.8%.

This is a comprehensive global report focused on the current and future prospects of the Global Smart Building Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the global Smart Building market has been done in order to calculate the growth rates for each segment and sub-segments. The key driving factor for Global Smart Building Market include the growing need for integrated security and safety systems and decreasing operational costs and Implementation of IoT platform within the building automation technology are some of the major factors driving the market.

Some of the major key factors that are anticipated to hamper the Global Smart Building Market growth over the forecast period are the high initial investment indulged in order to design and installation of the buildings with automated technology. The services sub-segment among the type segment is anticipated to lead the market share over the forecast period, and anticipated to dominate the segment over the forecast period this is majorly due to rapid growth in the initiation of the number of smart city projects implemented globally. Geographically, the Global Smart Building Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The swift growth of the market in the Europe region is anticipated to dominate the market over the forecast period majorly owing to increased initiatives by the region’s governments for building smart and Schneider Electricligent structures. additionally, in Europe initiatives to further push smart and zero energy buildings, with mandatory changes to country level building codes and the Energy Performance of Buildings Directive (EPBD).

Key Highlights:

• Complete analysis with respect to individual growth trends is incorporated within the scope of our study. • Assessment of market definition along with the identification of key drivers, restraints opportunities for global Smart Building Market • Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies are profiled. • Detailed quantitative analysis of the current and future trends for the forecast period has been profiled. • Global Smart Building Market analysis and segmentation with respect to type, building type, and geography. • Global Smart Building Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their key regions The years that have been considered for the study are: • Base year – 2016 • Estimated year – 2017 • Forecast period – 2017 to 2024

Research Methodology:

The Global Smart Building Market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Smart Building Market

The major key players that influence growth of Global Smart Building Market includes:

• ABB Group • Siemens AG • Schneider Electric • Cisco Systems, Inc. • International Business Machines Corporation • Delta Controls • Johnson Controls • Honeywell International Inc. • United Technologies Corporation • Legrand • BuildingIQ • Control4 Corporation • Control4 Corporation • Leviton Manufacturing Co. Inc • TYCO International • Ingersoll Rand Security Technologies • Advantech • Verdigris Technologies • Bosch Security SystemsKey Target Audience: • System Design & Development Vendors • Government Associations • Consultants/Consultancies/Advisory Firms • System Integrators/Migration Service Providers • Network Service Providers • Support & Maintenance Service Providers • Smart Building Product & Building Type Provider Companies • Academic and Research Institutes

Scope of the Report:

Research report categorizes the Global Smart Building Market based on type, building type and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Smart Building Market with key developments in companies and market trends

Global Smart Building Market, by Type

• Building Automation Software o Intelligent Security System o Building Energy Management System o Infrastructure Management System o Network Management System • Services o Professional Services o Managed Services

Global Smart Building Market, by Building Type

• Manufacturing Facilities • Government & Public Infrastructure Facilities • Commercial Buildings • Residential Buildings • University, School, & Hospital Buildings • Others

Global Smart Building Market, by Geographies:

• North America • Europe • Asia Pacific • Middle East & Africa • Latin America Geographic Analysis: • Breakdown of North America Global Smart Building Market • Breakdown of Europe Global Smart Building Market • Breakdown of Asia Pacific Global Smart Building Market • Breakdown of Middle East & Africa Global Smart Building Market • Breakdown of Latin America Global Smart Building Market Available Customization: Maximize Market Research offers customization of the report and scope of the report according to a specific requirement of our clients.

For More Information About Report Visit: https://www.maximizemarketresearch.com/market-report/global-smart-building-market/6809/