Global Smart Building Market Information by Automation type (Energy management, Intelligent security systems, Infrastructure management, and others) by Application (Commercial, Residential, Industrial, and Infrastructure) and Region – Forecast to 2023
Companies Profiled
ABB Group, Cisco Systems, Inc., Siemens AG, Control4 Corporation, Schneider Electric, Johnson Controls International PLC, IBM Corporation, Emerson Electric Co., United Technologies Corporation, Legrand SA
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Market Snapshot
Automation and IoT are likely to govern majority of the technology trends in the future. The housing sector apparently is next in line to embrace these new-age inventions. Smart building has quickly become a reality. Innovation in residential building industry has been slower as compared to some of the other dynamic sectors. The stringent regulatory framework is partly responsible for the delay. However, there is a massive turnaround that is being noticed, as the industry forays into technologies such as connected device, sensor, artificial intelligence, etc. A move which has led to the emergence of smart buildings. MRFR notes that the global market value of smart building will be close to USD 33 Bn by the year 2023. Increased efforts towards improving energy conservation, resource management and building security is creating lucrative market opportunities for smart building solutions.
Report Synopsis
This MRFR report offers an all-round assessment of the smart building market on a global scale. The primary objective of the report is to deliver a market forecast until 2023. In the report, the market assessment has been made after considering several macro and microeconomic elements. It also includes a thorough discussion on market dynamics such as challenges, opportunities and technology trends. The scope of the discussion also covers various automation systems used smart building such as intelligent security system, building energy management system and infrastructure management system. Application areas for smart building solutions mentioned in report include commercial, industrial, government & public infrastructure and residential.
Report Coverage
Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
Research Methodology
MRFR’s reports are curated with the help of world-class research models which assists in delivering unfettered market insights. Vital data points are gathered from an optimum mix of primary and secondary data. Secondary data sources such as whitepapers, corporate presentations, company websites, journals, and others are referred and combined with primary data. The analysis is not confined to the data collection itself, gathered information is validated through a multi-layer verification process to broaden the exploration landscape and contribute a more robust analysis. The top-down and bottom-up approaches are deployed to predict market propensities and to arrive at conclusions regarding the market size.
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Other Description
- Market Denomination- USD Mn
- Base Year- 2017
- Forecast Period- from 2018 to 2023
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for smart building
By Automation
- Intelligent Security System
- Video Surveillance System
- Access Control System
- Emergency Management System
- Building Energy Management System
- Energy Management Platform
- HVAC control System
- Lighting Control System
- Infrastructure Management System
- Parking Management System
- Smart Water Management System
- Elevators and Escalators Management System
By Application
- Commercial
- Industrial
- Government & Public Infrastructure
- Residential
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
- Latin America
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Intended Audience
• System Design & Development Vendors
• Research Consultants
• Network Service Providers
• Government Associations
• Raw Material providers
• Key executive (CEO and COO) and strategy growth manager
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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