The Smart Building Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028.
Some of the prominent trends that the market is witnessing include rising energy consumption and electricity expenses, growth in smart city trend and recent technological developments in 5g technology.
On the basis of the Automation, the market is divided into solution and service. In addition, Solution is subdivided into workforce management, security and emergency management, network management, energy management, and building infrastructure management. Security and Emergency Management is further classified into video surveillance system, safety system, and access control system. Energy Management is segregated as heating, ventilation and air conditioning control system (HVAC) and lighting system. Building infrastructure Management is divided as smart water management system, parking management system and elevators and escalators management system. Service segment is subdivided as professional services and managed services.
By Application, the market is bifurcated into residential buildings, Manufacturing & Industrial facilities, commercial buildings and other building types. In addition, residential buildings are subdivided into villas, townhouses, flats, duplex houses, dormitories, condominiums, bungalows, and apartment blocks. Manufacturing & Industrial facilities are classified as wineries, water towers, power plants, mills, foundries, factories, and breweries. Commercial Buildings are retail and public assembly buildings, railway stations, public infrastructure facilities, institutes, hospitals, healthcare facilities, government, airports, and other commercial buildings.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
Regional Analysis: North America - US - Canada - Mexico
Europe - France - Germany - Italy - Spain - UK - Rest of Europe
Asia Pacific - China - Japan - India - Australia - New Zealand - Rest of Asia Pacific
Middle East - Saudi Arabia - UAE - Rest of Middle East
Latin America - Argentina - Brazil - Rest of Latin America
Rest of the World - South Africa - Others
Report Highlights: - The report provides a detailed analysis on current and future market trends to identify the investment opportunities - Market forecasts till 2028, using estimated market values as the base numbers - Key market trends across the business segments, Regions and Countries - Key developments and strategies observed in the market - Market Dynamics such as Drivers, Restraints, Opportunities and other trends - In-depth company profiles of key players and upcoming prominent players - Growth prospects among the emerging nations through 2028 - Market opportunities and recommendations for new investments
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