Smart Building Market Report and Forecast 2021-2026

Global Smart Building Market to be Driven by the Development of IoT Enabled Buildings in the Forecast Period of 2021-2026
By: Expert Market Research
SHERIDAN, Wyo. - Feb. 23, 2021 - PRLog -- The new report by Expert Market Research titled, 'Global Smart Building Market Report and Forecast 2021-2026 (', gives an in-depth analysis of the global smart building market, assessing the market based on its segments like components, types, building types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)
  • Historical Market Size (2020): USD 18 Billion
  • Forecast CAGR (2021-2026): 30%
  • Forecast Market Size (2026): USD 83 Billion

The global smart building industry is being driven by the growing urbanisation and industrialisation and the rapid technological advancements globally. The increasing focus on energy conservation has driven the industry growth over the historical period. The increasing penetration of IoT ( enabled management systems is expected to further aid the industry growth.

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By component, the market is bifurcated into:
  • Solutions
  • Services

Based on type, the industry is divided into:
  • Building ( Infrastructure Management (BIM)
  • Security ( and Emergency ( Management
  • Energy ( Management
  • Network Management
  • Workforce Management
  • Others

By building type, it is categorised as:
  • Residential (
  • Commercial (
  • Industrial (
  • Others

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Market Trends

The global smart building market is projected to be driven by the emergence of 5G technology and the expansion of IoT enabled building. The introduction of 5G technology in the ongoing development projects worldwide is expected to significantly boost the infrastructure development.

Key Market Players

The major players in the market are ABB Ltd., Honeywell International Inc., Siemens AG, Huawei Technologies Co., Ltd., Schneider Electric, Legrand, and Cisco Systems, Inc. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
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Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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