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Global Smart buildings Market to reach USD 132.97 billion by 2027.

Global Smart buildings Market Size study, by type(building energy management system, physical security system, building communication systems, plumbing and water management system, parking management systems, elevators and escalators management system),by application(residential buildings, commercial buildings, hospitality, airports, institutional, industrial, and others) and Regional Forecasts 2020-2027

Product Code: OIRBAC_37350658
Publish Date: 15-11-2020
Page: 200

Global Smart buildingsMarket is valued approximately USD 59.82billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.5% over the forecast period 2020-2027. Smart buildings contain a control system that controls building operations such as heating, lighting, ventilation, air conditioning and other systems by using censors and microchips. It provides advanced building technology such as temperature control, fire safety, automation, telecommunication etc.Smart buildings architecture also helps in lowering operational costs by tenant management as well as building performance management. Due to the rising need for energy efficiency, standards, and regulations of the industry and growth in the market for smart cities will drive the growth of the smart buildings market. It also helps saving energy consumption. Smart technologies, such as occupancy sensors, smart thermostats and lighting controls help reduce energy usage in unoccupied offices, conference rooms, and other spaces. Smart technologies can save an estimated 8-18 percent of overall energy usage in sub-sectors, including offices, small chains and independent retail stores, according to the American Council for an Energy-Efficient Economy (AMCEE).. However, high initial investment impedes the growth of the market over the forecast period of 2020-2027. Also, the introduction of 5G technologywill enhance new and powerful intelligent building capabilities contributing to the growth in smart buildings market.

The regional analysis of global Smart buildings market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.North Americais the leading/significant region across the world in terms of market share owing to the growing projects on smart buildings and Internet Of Things(IoT). Whereas, Europe is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising government initiatives for smart cities developing project would create lucrative growth prospects for the Smart buildings market.

Major market player included in this report are:
International Business Machines (IBM)
Johnson Controls
KMC Controls
Schneider Electric

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By type:
Building Energy Management System
Physical Security System
Building Communication Systems
Plumbing And Water Management System
Parking Management Systems
Elevators And Escalators Management System
By Application:
Residential Buildings
Commercial Buildings
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Smart buildings Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Smart buildings Market, by Region, 2018-2027 (USD Billion)
1.2.2. Smart buildings Market, by Type, 2018-2027 (USD Billion)
1.2.3. Smart buildings Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart buildings Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart buildings Market Dynamics
3.1. Smart buildings Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart buildings Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart buildings Market, by Type
5.1. Market Snapshot
5.2. Global Smart buildings Market by Type, Performance – Potential Analysis
5.3. Global Smart buildings Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Smart buildings Market, Sub Segment Analysis
5.4.1. Building Energy Management System
5.4.2. Physical Security System
5.4.3. Building Communication Systems
5.4.4. Plumbing And Water Management System
5.4.5. Parking Management Systems
5.4.6. Elevators And Escalators Management System
Chapter 6. Global Smart buildings Market, by Application
6.1. Market Snapshot
6.2. Global Smart buildings Market by Application, Performance – Potential Analysis
6.3. Global Smart buildings Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Smart buildings Market, Sub Segment Analysis
6.4.1. Residential Buildings
6.4.2. Commercial Buildings
6.4.3. Hospitality
6.4.4. Airports
6.4.5. Institutional
6.4.6. Industrial
6.4.7. Others
Chapter 7. Global Smart buildings Market, Regional Analysis
7.1. Smart buildings Market, Regional Market Snapshot
7.2. North America Smart buildings Market
7.2.1. U.S. Smart buildings Market Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Smart buildings Market
7.3. Europe Smart buildings Market Snapshot
7.3.1. U.K. Smart buildings Market
7.3.2. Germany Smart buildings Market
7.3.3. France Smart buildings Market
7.3.4. Spain Smart buildings Market
7.3.5. Italy Smart buildings Market
7.3.6. Rest of Europe Smart buildings Market
7.4. Asia-Pacific Smart buildings Market Snapshot
7.4.1. China Smart buildings Market
7.4.2. India Smart buildings Market
7.4.3. Japan Smart buildings Market
7.4.4. Australia Smart buildings Market
7.4.5. South Korea Smart buildings Market
7.4.6. Rest of Asia Pacific Smart buildings Market
7.5. Latin America Smart buildings Market Snapshot
7.5.1. Brazil Smart buildings Market
7.5.2. Mexico Smart buildings Market
7.6. Rest of The World Smart buildings Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Hitachi Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Honeywell
8.2.3. Huawei
8.2.4. International Business Machines (IBM)
8.2.5. Igor
8.2.6. Intel
8.2.7. Johnson Controls
8.2.8. KMC Controls
8.2.9. Legrand
8.2.10. Schneider Electric
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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