The Global Smart Buildings (Nonresidential Buildings) Market Report by The Business Research Company covers smart buildings (nonresidential buildings) market drivers and restraints, smart buildings (nonresidential buildings) market size, major players, and the impact of COVID-19 on the smart buildings (nonresidential buildings) market.
The smart buildings (nonresidential buildings) market consists of sales of smart buildings (nonresidential buildings) and related services. Smart buildings have automated processes and increase operational efficiency of a non-residential, commercial as well as industrial buildings. The smart building (nonresidential buildings) involves the use of sensors, actuators, microchips to automatically control the processes of the building such as heating, ventilation, air conditioning, lighting, security and other systems.
The smart building (nonresidential) market is driven by the increasing demand to automate tasks by using IoT (Internet of Things) devices. IoT involves sending and receiving data by a network of sensors, appliances, meters and other devices in a smart building.
The global smart buildings (nonresidential buildings) market is expected grow from $36.42 billion in 2020 to $42.08 billion in 2021 at a compound annual growth rate (CAGR) of 15.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $59.3 billion in 2025 at a CAGR of 9%.
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Some smart buildings (nonresidential buildings) market trends include the use of 5G technology. 5G technology is the upcoming cellular technology that reduces the time it takes for devices over wireless network to communicate with each other. 5G implementation in smart buildings will considerably enhance the usage of wireless edge devices providing rich multimedia experiences. 5G will also improve the security check applications for a commercial building. For smart hospital buildings, the use of 5G is estimated to improve the wayfinding that will enable smart wheelchairs and beds to move immobile patients.
Global smart buildings (nonresidential buildings) market segments include:
1) By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System.
2) By Application: Government, Airports, Hospitals, Institutes Manufacturing & Industrial facilities, Others.
3) By Product Type: Institutional Buildings, Commercial Buildings.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Smart Buildings (Nonresidential Buildings) Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides smart buildings (nonresidential buildings) market overviews, analyzes and forecasts market size, share, smart buildings (nonresidential buildings) market players, smart buildings (nonresidential buildings) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The smart buildings (nonresidential buildings) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Smart Buildings (Nonresidential Buildings) Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: PCl Construction, Skanska, Arabian Construction Company, Besix , Spire Realty Group, lendlease, Vinci, Bechtel, Balfourbeatty, Bouygues, The Royal BAM Group, Laing O’Rourke, China State Construction Engineering, L&T Construction, turner construction company, Grupoacs, Hochtief, Bouygues Construction.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The smart buildings (nonresidential buildings) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Smart Buildings (Nonresidential Buildings) Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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