Smart Buildings Market Research Statistics, Future Growth, Size 2017-2025 Opportunities Report
Market Scenario:
The mounting need for integrated security and safety systems coupled with the reduction in operational costs are some of the major factors driving the market.
On the basis of region, Europe is expected to dominate the smart buildings market during the forecast period, owing to the augmented initiatives by the region’s governments for development and innovation of building’s smart and intelligent structures. Moreover, in Europe initiatives to push smart and zero energy buildings, with compulsory changes to country level building codes and the Energy Performance of Buildings Directive (EPBD), are also responsible in propagating the growth of this market to enhance existing infrastructure.
Factors like high initial investment costs for construction of a smart building may hamper this market. Building owners and end users often do not realize that the cost is primarily dependent on the complexity involved in integrating different applications. However, growing efforts by manufacturers, facility managers, and governments to increase customer awareness of the long-term benefits of installing building automation systems are expected to reduce the impact of this restraining factor during the forecast period.
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Major Industry Players:
Some of the key players in the global smart buildings market include:
• ABB Group
• Siemens AG
• Cisco Systems Inc.
• Schneider Electric SE
• Honeywell International Inc.
• United Technologies Corporation
On the basis of solutions, services segment is expected to have a largest share of smart building market, owing to the building standards and protocols that are responsible for the innovation of smart buildings. Whereas, on the basis of product, Building Management System (BMS) holds the maximum share accounting to the technical developments like Internet of Things (IoT) and cloud computing.
The global smart buildings market can be segmented on the basis of solution, product and region. On the basis of solution, the global smart buildings market can be segmented into Software, Hardware and Services. On the basis of product, the global smart buildings market can be segmented into Building Management System (BMS), Heating, Ventilating, & Air Conditioning (HVAC), lighting control, security & access control, emergency alarm & evacuation system and audio & visual effects. On the basis of region, the global smart buildings market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America.
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About us:
Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.
Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organisations and also to the manufacturing companies in taking the best decisions for quality production.
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The mounting need for integrated security and safety systems coupled with the reduction in operational costs are some of the major factors driving the market.
On the basis of region, Europe is expected to dominate the smart buildings market during the forecast period, owing to the augmented initiatives by the region’s governments for development and innovation of building’s smart and intelligent structures. Moreover, in Europe initiatives to push smart and zero energy buildings, with compulsory changes to country level building codes and the Energy Performance of Buildings Directive (EPBD), are also responsible in propagating the growth of this market to enhance existing infrastructure.
Factors like high initial investment costs for construction of a smart building may hamper this market. Building owners and end users often do not realize that the cost is primarily dependent on the complexity involved in integrating different applications. However, growing efforts by manufacturers, facility managers, and governments to increase customer awareness of the long-term benefits of installing building automation systems are expected to reduce the impact of this restraining factor during the forecast period.
Request a Sample Report @ https://www.xpodenceresearch.com/Request-Sample/105751
Major Industry Players:
Some of the key players in the global smart buildings market include:
• ABB Group
• Siemens AG
• Cisco Systems Inc.
• Schneider Electric SE
• Honeywell International Inc.
• United Technologies Corporation
On the basis of solutions, services segment is expected to have a largest share of smart building market, owing to the building standards and protocols that are responsible for the innovation of smart buildings. Whereas, on the basis of product, Building Management System (BMS) holds the maximum share accounting to the technical developments like Internet of Things (IoT) and cloud computing.
The global smart buildings market can be segmented on the basis of solution, product and region. On the basis of solution, the global smart buildings market can be segmented into Software, Hardware and Services. On the basis of product, the global smart buildings market can be segmented into Building Management System (BMS), Heating, Ventilating, & Air Conditioning (HVAC), lighting control, security & access control, emergency alarm & evacuation system and audio & visual effects. On the basis of region, the global smart buildings market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America.
Browse Report @ https://www.xpodenceresearch.com/Reports/Smart-Buildings-Market
About us:
Xpodence Research have the most extensive collection of market research reports of many categories. Xpodence Research provides the best market research solution for every industry by publishing the best possible results of great market research firms worldwide. For every particular problem, there’s a particular solution, so according to the customer needs, we provide the best possible results to them from different market research organization, whether it’s a Custom Research or Syndicated Research reports because the product that wins is the one that bridges customers to the future, not the one that requires a giant leap.
Every organization, whether it is related to Pharmaceuticals, Technology, Eatables, Consumable Goods and many more demands a market research results so that they can take important decisions for more productivity and better output in this swift world. Xpodence Research gives the best possible outcome, perfect forecast, analysis and insights of market research in the form of report which is beneficial for various organisations and also to the manufacturing companies in taking the best decisions for quality production.
Contact us:
Xpodence Research
244 , Madison Avenue
New York City, NY - 10016
United States
Toll Free +1- 844-445-2861
Email: sales@xpodenceresearch.com