As part of Emergen Research's Global Smart Buildings Market Research Report, key business details and extensive geographical spread of the Smart Buildings industry have been analyzed. The current COVID-19 pandemic is expected to have an effect on the growth of the Smart Buildings industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, Smart Buildings will probably be one of the markets that have been impacted, along with other sectors. The sector's growth would be further hampered by the recession in the economy and the dynamic shifts in demand. The COVID-19 pandemic's effects on the entire Smart Buildings industry are covered in the paper. In addition to a thorough qualitative and quantitative examination, the report also includes significant data regarding the Smart Buildings market. Based on historical data from 2017 and 2018, a thorough projection is given till 2028. Profiles of both established and up-and-coming players are also provided, together with information on their business strategies, product portfolios, strategic alliances, and business expansion plans.
The global smart buildings market size is expected to reach USD 141.71 Billion in 2028 and register a revenue CAGR of 9.9% over the forecast period, according to the latest report by Emergen Research. Increasing number of smart cities across the globe and rising adoption of IoT-enabled Building Management Systems (BMS) and deployment of embedded sensors in buildings and devices are driving global smart buildings market revenue growth.
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The report bifurcates the Smart Buildings market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Key Companies Profiled in the Report are:
Cisco Systems, Inc., Honeywell International Inc., Johnson Controls Internationals, Hitachi Ltd., Schneider Electric, ABB Ltd., Legrand, Siemens AG, Robert Bosch GmbH, and Telit
Regional Landscape section of the Smart Buildings report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Smart Buildings market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
On the basis of type, the market is segmented into
Automation Type Outlook (Revenue, USD Billion; 2018–2028)
- Building Management System (BMS)
- Heating, Ventilation, and Air Conditioning (HVAC)
- Lightning Control System
- Emergency Alarm and Evacuation System
- Audio and Visual Effects
- Video Surveillance System
- Elevators and Escalators Systems
- Fire and Life Safety Alarm
- Energy Management
- Others
Service Type Outlook (Revenue, USD Billion; 2018-2028)
- System Integration and Deployment
- Support and Maintenance
- Consulting
Building Type Outlook (Revenue, USD Billion; 2018–2028)
- Commercial Buildings
- Residential Building
- Governmental and Public Infrastructure Facilities
- Educational Institutions
- Others
Research Report on the Smart Buildings Market Addresses the Following Key Questions:
- Who are the dominant players of the Smart Buildings market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Smart Buildings market?
- What are the key growth drivers and restraining factors of the Smart Buildings market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Smart Buildings market and its key segments?
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