Global Smart Buildings Market Size, Status and Forecast 2021-2027

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.
The Building management system (BMS) segment held the maximum market shares during 2017. The segment is expected to retain its market domIinance due to the increasing industrial development, commercialization, and awareness of the effective utilization of energy and building optimization in regions such as EMEA and APAC. Furthermore, the technological innovations such as the Internet of things (IoT), analytics, and cloud computing for effective monitoring, controlling, and operating building facilities will also propel the adoption of BMS.

In 2021, the global Smart Buildings market size will be US$ 81040 million and it is expected to reach US$ 165160 million by the end of 2027, with a CAGR of 12.6% during 2021-2027.
This report focuses on the global Smart Buildings status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the Smart Buildings development in North America, Europe, Japan, China, Southeast Asia, India, etc.

Global Smart Buildings Scope and Market Size
Smart Buildings market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Buildings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment 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

Segment by Application
Residential
Commercial
Other

By Region
North America
Europe
Japan
China
Southeast Asia
India

By Company
Honeywell
Siemens
Schneider Electric
Johnson Controls
United Technologies
Bosch Security Systems
ABB
Advantech
Cisco
Control4
Emerson
IBM
Panasonic
Verdigris Technologies
Legrand
BuildingIQ
Delta Controls

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