Intelligent Building Market Size and Share Analysis Report By 2025
According to a new report published by Reports Monitor titled, “Global Intelligent building Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the intelligent building market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Intelligent building is an Information system which supports the flow of information, allows business automation, monitoring management and maintenance and ensuring flexibility, simplicity and economy. Intelligent building are flexible and responsive to different usage and environment contexts. It supports human communication between individuals and groups.
The rise in need for the energy saving technologies, growing safety and security concerns, rise in automation and control system, and high penetration of Internet of Things (IoT) in the intelligent building management system are some of the key factors driving the growth of the intelligent building market. The supportive industry standards and regulations and governments support across the major economies toward energy efficiency and sustainability in construction sector are also driving the global market. However, high investment costs for the intelligent building system and lack of skilled labour to perform the task are the constraints limiting the market growth. In addition, rise in the demand for the development of smart city projects around the world is expected to bring opportunities for intelligent building market.
This report provides a detailed analysis of intelligent building market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The segmentation of global intelligent building market is based on the types, components, building types and end users. On the basis of type the market is segmented into building energy management system, intelligent security system, network management system, and infrastructure management system. On the basis of components the market is segmented into hardware, software, and service. On the basis of building types the market is segmented into manufacturing facilities, residential buildings, commercial buildings, university, school, & hospital buildings, government & public infrastructure facilities and others. On the basis of end users the market is segmented into residential, commercial and industrial
Based on the geographical regions covered, the global isolator market is analysed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Furthermore, Europe is expected to rise in the overall intelligent building market in the coming years, as it is undergone the highest demand for intelligent buildings in past years.
Key players in the intelligent building industry includes Cisco Systems, Inc., ABB, Delta Controls, Johnson Controls, Intel Corporation, Legrand, Schneider Electric, Honeywell International Inc., Siemens AG, and United Technologies Corporation.
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