A smart building is any structure that uses automated processes to automatically control the building's operations including heating, ventilation, air conditioning, lighting, security and other systems. A smart building incorporates real-time systems for managing the functioning of a building via a single interface. Smart buildings rely heavily on the use of hardware and software that can not only make the building operate more efficiently, but also make improve its life-span by tracking problems and alerting residents of the same.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the smart building market. The scope of this report covers the smart building market by its major segments, which include the types, applications, and the major geographic regions.
KEY BENEFITS OF THE REPORT
KEY PREMIUM INDUSTRY INSIGHTS
Regionally, the global market for smart building is segmented as Europe, Latin America, Asia-Pacific, Middle East & Africa and North America. Among these, Europe is projected to grow with maximum market share over the forecast period. This increase is due to growing initiatives by the government of this region for building intelligent and smart structures. Moreover, in Europe region initiatives taken for further pushing zero and smart energy buildings, with the changes that are mandatory to the country level codes for building and EPBD (Energy Performance of Buildings Directive) are anticipated to augment infrastructure that already exists and lead to market growth smart building globally.
The research methodology for Scalar Market Research’s smart building market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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This report analyzes the smart building market by the following segments:
KEY MARKET PLAYERS
Key players in the smart building market include:
GEOGRAPHIC COVERAGE AND ANALYSIS
This granular market research report covers the following geographic regions in great detail:
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