Smart Building Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028 - PowerPoint PPT Presentation

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Smart Building Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028

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The global smart building market was valued at US$ 58.96 billion in 2020 and is estimated to reach predictable to reach US$ 267.83 billion by 2028; growing at a compound annual growth rate (CAGR) of 21.7 % during the forecast period from 2021- 2028. Smart building involves installation and usage of advanced and integrated system which includes telecommunication, life safety for fire crisis, building automation, lighting, HVAC, water supply and other related systems. These buildings are designed based on different approaches. – PowerPoint PPT presentation

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Title: Smart Building Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2019 – 2028


1
Smart Building Market
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Smart Building Market Global Scenario, Market
Size, Outlook, Trend, and Forecast, 2019 2028
  • The global smart building market was valued at
    US 58.96 billion in 2020 and is estimated to
    reach predictable to reach US 267.83 billion by
    2028 growing at a compound annual growth rate
    (CAGR) of 21.7 during the forecast period from
    2021- 2028. Smart building involves installation
    and usage of advanced and integrated system which
    includes telecommunication, life safety for fire
    crisis, building automation, lighting, HVAC,
    water supply and other related systems. These
    buildings are designed based on different
    approaches.

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Market Dynamics
  • Demand of IoT- based building system is growing,
    awareness for efficient space utilization, energy
    efficient systems, building by laws structure
    along with standards and regulations are the
    major drivers for increasing demand of smart
    building market. Initiatives led by government
    for Building Energy Management System,
    Intelligent Security System and Infrastructure
    Management System, demand of higher consumption
    of energy are expected for advanced and efficient
    technology to reduce the carbon footprints.
    However, lack of helpful coordination including
    concerns for security and data privacy are the
    restraining factors for smart building market.
    Also, lack of skilled personnel for smart
    building construction restrains the market rise.
    Hackers can infiltrate into the network and snip
    valuable data or take control like cybercriminals
    intrude passenger lifts, gain access to security
    feeds from CCTV and disrupt power supplies of
    entire structure. Moreover, well-planned cyber
    threat may expose data storage, servers, and
    employee or customer information which could be
    used for nasty purposes. According to IoT and
    smart building report available by IBM, 50 of
    water and energy is consumed by commercial and
    real estate buildings. In addition, reports by
    Schneider Electric Whitepaper shows 36 carbon
    emission comes from buildings.

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  • The global smart building market is segmented
    based on solutions, building type, services and
    region. By solution, it is categorised into
    building infrastructure management, security and
    emergency management, IWMS, energy management and
    network management. Based on solution, it is
    bifurcated into residential, commercial and
    industrial. On the basis of services, it is
    categorised support, consulting maintenance and
    integration deployment. On regional insights,
    it is categorized into North America (US, Canada,
    Rest of North America), Asia Pacific (China,
    India, South Korea, Rest of Asia Pacific), Europe
    (UK, Russia, Germany, Rest of Europe), Rest of
    the World (Latin America and Middle East
    Africa).
  • Key players involved in the global smart building
    market includes General Electric, ASEA Brown
    Boveri Group, Phoenix Energy Technologies, Cisco
    Systems Inc., Honeywell International
    Inc., Johnson Controls, Inc., EFT Energy, Grid
    Point, Inc., eSight Energy, Inc. and IBM
    Corporation among others.

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Segmentation and Scope of the Global Smart
Buildings Market
  • Global Smart Buildings Market is segmented
    into type, application, services and region.
  • By Solutions
  • Building infrastructure Management
  • Security and Emergency Management
  • Energy Management
  • Network Management
  • IWMS
  • Parking Management System
  • Smart Water Management System
  • Elevators and Escalators Management System
  • Access Control System
  • Video Surveillance System
  • Safety System
  • HVAC Control System
  • Lighting System

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  • By Building Type
  • Residential
  • Industrial
  • Commercial
  • Office buildings
  • Retail and public assembly buildings
  • Hospital and healthcare facilities
  • Airports and railway stations
  • Others.
  • By Services
  • Consulting
  • Integration and deployment
  • Support and maintenance

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  • By Region
  • North America
  • US
  • Canada
  • Rest of North America
  • Europe
  • UK
  • Germany
  • Europe
  • Italy
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Korea
  • Rest of Asia Pacific
  • Rest of World
  • Middle East Africa
  • Saudi Arabia

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Prominent players in the Global Smart Building
market includes
  • General Electric
  • ASEA Brown Boveri Group
  • Phoenix Energy Technologies
  • Cisco Systems Inc.
  • Honeywell International Inc.
  • Johnson Controls, Inc.
  • EFT Energy
  • Grid Point, Inc.
  • eSight Energy, Inc.
  • IBM Corporation

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Contact Us
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