Smart Building Market Overview, Share, Size | Report Forecast Till 2025

Global Smart Building Market Research Report and Forecast 2025

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Report Description and Highlights

Report Description

Global Smart Building Market Overview: A smart building incorporates various automated processes, including air conditioning, ventilation, security, heating, lighting, etc. It comprises of HVAC systems, occupancy sensors, security devices, advanced lighting controls, water management devices, parking assistance systems, etc. They provide better security, real-time monitoring, optimum space utilization, and enhanced energy performance.

Smart buildings are widely incorporated across several industries, including residential, hospitality, retail, healthcare, etc.

Global Smart Building Market Trends The growing development of smart cities, along with the increasing requirement for energy-efficient buildings, are escalating the smart building market growth. Furthermore, the augmentation of Internetof-Thing (IoT)-based devices for remote monitoring is also bolstering the market growth. The growing traction for optimum building automation systems and rising levels of urbanization are further driving the market. Besides this, the increasing number of government initiatives to support smart infrastructures is also propelling the demand for smart buildings. Additionally, the increasing awareness of energy conservation has led to the advent of energy-efficient and ecologically sustainable buildings.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2012

2013

2014

2015

2016

2017

2018

2019

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2020

175.9

181.2

186.5

165.3

170.6

2021

2022

2023

2024

2025

Request for a free sample report: https://www.imarcgroup.com/smart-building-market/requestsample Moreover, the growing trend for Building Information Modelling (BIM), and intelligent prefabrication systems is also fostering the development of advanced infrastructures. Several technologies, such as big data, cloud computing, data analytics, and artificial intelligence (AI), are rapidly being adopted to minimize building equipment downtime and operational costs.

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The growing security concerns have further increased the installation of access control, video surveillance, and emergency systems in smart buildings, thereby further proliferating the smart building market growth.

Smart Building Market Segmentation: Breakup by Component: • • •

Hardware Software Service o Professional Service o Managed Service

Breakup by Technology: •

Building Infrastructure Management (BIM) o Parking Management System o Smart Water Management System

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• • • •

o Elevators and Escalators Management System Security and Emergency Management o Access Control System o Video Surveillance System o Safety System Energy Management o HVAC Control System o Lighting System Network & Communication Management Workforce Management Others

Breakup by End User: • • • • •

Commercial Residential Government & Public Infrastructure Healthcare Education

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Transport Manufacturing & Industrial Others

Breakup by Region: • • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

For more information, click here: https://www.imarcgroup.com/smart-building-market Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

•

ABB Ltd

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

Browse Related Report Biostimulants Market Report: https://www.imarcgroup.com/biostimulants-market Car Rental Market Report: https://www.imarcgroup.com/car-rental-market

A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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