Smart Building Market Research Report
The GMI Research forecasts that the smart
building market is witnessing an upsurge in demand over the forecast
period. This is mainly due to the rising adoption of the Internet of Things
(IoT), which enabled the usage of building management system and the increasing
awareness of space utilization globally.
Introduction of the Smart Building Market:
Smart Building is any structure that uses automated
processes for the management of several operations of the building, such as
security, air conditioning, heating, ventilation, lighting, and other systems
as per the changing conditions. A smart building is particularly designed to
make human lives simple by using smart and complex technology. It uses
information technology during the operation process to connect to multiple
subsystems to share and collect data information for improving the building's
performance. The core systems are interconnected for reducing energy
consumption, improves efficiency, and enhances safety & comfort levels.
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Smart Building Market Dynamics (including market size,
share, trends, forecast, growth, forecast, and industry analysis)
The global smart building market is expected to witness
growth in the market during the forecast period due to the rising adoption of
the Internet of Things (IoT), which enabled the increased usage of building
management system and the rising awareness of space utilization globally. According
to smart building market forecast, the growing awareness related to
energy consumption and the rising number of initiatives associated with
environmental concerns will encourage the usage of smart building systems to
save money, time, and energy. For example, in 2017, the Public Service and Procurement
Canada (PSPC) executed the Smart Building initiative, emphasizing 100 buildings
across Canada. Several economies such as Dubai has introduced the "Dubai
Plan 2021", focusing on converting the city into a "smart city"
by using innovative technology, smart policies, and digital tools. The rapid
development of smart cities will fuel the growth of the smart building market
size.
The emerging trend for eco-friendly and green buildings that
provide various smart features will lead to an upsurge in demand for the smart
building market during the forecast period. As per a recent survey held by the
International Trade Administration, the United Kingdom has witnessed a 14%
increase in the number of companies willing to build 60% of their projects as
green projects by 2018. The increasing security concerns, along with the
technological enhancement and reliability provided by the intelligent security
systems, will further boost the demand of the market in the upcoming years.
Key Players of the Global Smart Building Market:
·
Cisco
·
Schneider Electric
·
Hitachi, Ltd.
·
Honeywell International Inc.
·
Johnson Controls
·
IBM, Siemens
·
Intel Corporation
·
Huawei
·
ABB
Smart Building Market Segmentation:
Segmentation
by Component:
·
Solutions
·
Services
Segmentation
by Solution:
·
Building Infrastructure Management (BIM)
o
Parking
Management System
o
Smart
Water Management System
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 Management
·
Workforce Management
Segmentation
by Services:
·
Consulting
·
Integration and Deployment
·
Support and Maintenance
Segmentation
by Building Type:
·
Residential
·
Commercial
o
Office
Buildings
o
Retail
and Public Assembly Buildings
o
Hospital
and Healthcare Facilities
o
Airports
and Railway Stations
o
Others
·
Industrial
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI
Research
GMI Research is a market research and consulting company
that offers business sights and market research reports for every enterprise,
including small & medium enterprises and large organizations. Our research
team helps the clients to understand the impact of market dynamics such as
market size, share, drivers, growth opportunities, and other aspects. We have a
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as FMCG, Technology, Energy, Healthcare, and other industries. We collect
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