Smart Building Market Scope and Overview 2023:

The Smart Building Market research is a thorough, qualified examination of the sector with an emphasis on international market trends. To give market players a complete understanding of the market, the study includes an analysis of Porter’s Five Forces for the industry as well as a competitive landscape. The study includes a market attractiveness analysis that takes market size, growth rate, and general market dynamics into account. In addition to a thorough market overview, the aim of this report is to give readers an in-depth analysis of market segmentation by end-user industry and geography.

Over the course of the anticipated period, it is anticipated that the global market would grow significantly. The research includes crucial market data as well as major market trends and opportunities for the top players in the sector. The study looks at the supply and demand side elements that influence the Smart Building market in addition to significant industry advancements over the upcoming years.

According to SNS Insider, the Smart Building Market size was estimated at US$ 87.92 billion in 2022, and is expected to reach US$ 577.97 billion by 2030, with a growing healthy CAGR of 26.54% over the forecast period 2023-2030.”

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Major Key Players Analysis Covered in Smart Building Market Report are listed below:

  • Schneider Electric SE
  • Siemens
  • Emerson Electric Co.
  • Hitachi
  • Honeywell International Inc
  • Telit
  • INTEL Corp
  • Cisco Systems Inc
  • Endeavor Business Media
  • Johnson Controls
  • ABB Ltd
  • KMC Controls
  • LG Electronics
  • Legrand
  • Sierra Wireless
  • Softdel System
  • Spacewell
  • Others

Market Segmentation

The report provides a comprehensive picture of the market using both qualitative and quantitative data. It analyses and projects the global market using a range of different categories. This study has divided the Smart Building market by application, end-user, and geography to provide you a complete picture of the sector. Each market category has received an extensive analysis in light of the existing and anticipated market trends. The study of the research looks at both the general size of the worldwide market as well as the possibilities for investment in a number of industry sectors.

Market Segmentation & Sub-segmentation included are:

By Solution

  • Safety & Security Management
  • Energy Management
  • Building Infrastructure Management
  • Others

By Service

  • Consulting
  • Implementation
  • Support & Maintenance

By Building Type

  • Residential
  • Commercial
  • Industrial

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In this study, the years considered to estimate the market size of Smart Building are as follows:

  • History Year: 2019-2021
  • Base Year: 2022
  • Estimated Year: 2023
  • Forecast Year 2023 to 2030

Regional Analysis Covered in this report:

  • North America [United States, Canada]
  • Europe [Germany, France, U.K., Italy, Russia]
  • Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
  • Latin America [Mexico, Brazil, Argentina]
  • Middle East & Africa [Turkey, Saudi Arabia, UAE]
  • Others

Regional Analysis

After taking into account the political, economic, social, and technological aspects affecting the Smart Building market in every region, the study offers a comprehensive PEST analysis for every region, including North America, Europe, APAC, Latin America, and the Middle East and Africa. Market participants can locate the most lucrative regional markets in the report’s regional analysis section so they can think about expanding their company there.

Competitive Outlook

The research report discusses crucial advancements in the Smart Building market as well as both organic and inorganic growth tactics. Many companies place a high priority on new product introductions, product approvals, and other organic growth techniques like events and patents. Due to the growing demand for the sector globally, market participants in the worldwide market can anticipate profitable growth opportunities in the future. Additionally, the study covers business biographies, SWOT analyses, and market strategies.

The Smart Building market used a range of inorganic expansion strategies, such as partnerships, acquisitions, and collaborations. Participants in the market have been able to expand their clients and enterprises as a result of these actions. The research also includes financial data, recent developments for significant industry actors, corporate biographies, offerings of components and services, and other details.

Table of Contents – Major Key Points

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
  4. Impact Analysis
    • COVID-19 Impact Analysis
    • Impact of Ukraine- Russia war
    • Impact of Ongoing Recession on Major Economies
  5. Value Chain Analysis
  6. Porter’s 5 Forces Model
  7. PEST Analysis
  8. Smart Building Market Segmentation, By Solution
  9. Smart Building Market Segmentation, By Service
  10. Smart Building Market Segmentation, By Building Type
  11. Regional Analysis
  12. Company Profiles
  13. Competitive Landscape
  14. Conclusion

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