Smart Building Market to Exhibit a CAGR of 12.6% by 2026

The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role in conducting awareness programs about clean energy. Fortune Business Insights in a report, titled “Smart Building Market Size, Industry Share and Growth Rate 2019-2026” published the above information.

Browse Complete Report Details - https://www.fortunebusinessinsights.com/industry-reports/smart-building-market-101198

Fortune Business Insights provides a detailed evaluation of the global market by analyzing factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.

Top Players Mentioned:

• Cisco

• Hitachi

• Honeywell

• IBM

• Johnson Controls

• Legrand

• Panasonic

• Schneider Electric

• Siemens

• Microsoft

• Infosys

• Verdigris Technology

• Aquicore

• Artis Energy

• Cloud9 Smart

• Sentient Building

Rising Environmental Concerns to Create Sales opportunities for the Market

The rising awareness regarding the advantages of smart buildings, as it leverages sensors, cloud technology, and IoT connectivity to manage, monitor remotely, and control a range of building systems from heating. This factor will fuel demand, which, in turn, will boost the Smart Building Market revenue during the forecast period. Furthermore, increasing energy costs and environmental concerns such as carbon emissions and pollution is expected to accelerate the potential of the Smart Building Market. The rising focus of companies towards transforming the building into more energy-efficient and sustainable buildings will further create new growth opportunities for the market in the forthcoming years. For instance, Gemalto NV is offering IoT monetization and embedded solutions to remotely manage and protect IoT software and solutions that are used in smart building infrastructure.

The rising instability in crude oil prices is expected to positively impact the growth of the Smart Building Market. Rising privatization and relaxation in the FDI norms are factors enabling growth in the market. Also, governments are heavily investing in power projects, which in turn, may fuel demand for energy and power plants across the globe.

Market Segmentation:

• By Design Principle

• By Application

• By Geography

The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.

Regional Analysis:

• North America (The USA and Canada)

• Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

• Asia Pacific (China, India, Australia, Southeast Asia and Rest of Asia Pacific)

• Latin America (Brazil, Mexico and Rest of Latin America)

• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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Pub: Jan 13 2021 05:24 UTC
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