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Smart building is a solution that transforms an automated building into an intelligent building. It integrates building management systems (BMS) with business systems and provides data analytical tools to all standalone systems to enable the control systems capabilities of making decisions. Smart buildings have automated seamless integration of all the standalone system backed by building Internet of things (BIoT) to make each device intelligent to understand the environment beyond the provided controls and work. Smart buildings can generate analytical reports with the help of analytical tools of cloud or big data to help managers understand the trends and how optimization can be achieved further.
This report contains market size and forecasts of Smart Buildings in Global, including the following market information:
Global Smart Buildings Market Size 2023-2028, ($ millions)
The global Smart Buildings market is projected to reach US$ 159380 million by 2028.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Buildings companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Buildings Market, by Type, 2023-2028 ($ millions)
Global Smart Buildings Market Segment Percentages, by Type
- Building Management System(BMS)
- Heating, Ventilating and Air Conditioning(HVAC)
- Lighting Control
- Security and Access Control
- Emergency Alarm and Evacuation System
- Audio and Visual Effects
- Otehr
Global Smart Buildings Market, by Application, 2023-2028 ($ millions)
Global Smart Buildings Market Segment Percentages, by Application
- Residential
- Commercial
- Other
Global Smart Buildings Market, By Region and Country, 2023-2028 ($ Millions)
Global Smart Buildings Market Segment Percentages, By Region and Country
- - United States
- - Europe
- - Asia
- - China
- - Rest of World
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
- Honeywell
- Siemens
- Schneider Electric
- Johnson Controls
- United Technologies
- Bosch Security Systems
- ABB
- Advantech
- Cisco
- Control4
- Emerson
- IBM
- Panasonic
- Verdigris Technologies
- Legrand
- BuildingIQ
- Delta Controls