Global Smart Building Market Report, History and Forecast 2016-2027, Breakdown Data by Companies, Key Regions, Types and Application

A Smart Building is: Also referred to as an Intelligent Building. Smart buildings improve the productivity of people and processes by leveraging technology & actionable information to help you & your building make better decisions and become smart, efficient and sustainable.An integrated Smart Building with various sub-systems including: Intelligent Integrated System (IIS), Information Technology System Infrastructure (ITSI), Information Technology Applying System (ITAS), Building facilities Management System (BMS), Public Security System (PSS) and Engineering of Electronic Equipment Plant (EEEP). The integrated system integrates the isolated devices, functionalities and information of BMS, PSS, ITAS into a correlated and harmonized system via ITSI, with stability, combinability and extendibility by ensuring to the combined management and correlations of the system’s devices.
The major players inglobal Smart Building market include Johnson Controls, Honeywell, Schneider, UTC, etc. The top 4 players hold over 30% of global market shares. North America and Europe are main markets, they occupy over 60% of the global market. Building Management System (BMS), Security and Access Control, Emergency Alarm and Evacuation System are three main types, with a share about 60% altogher. Commercial Buildings is the key application, which hold over 65% shares.

Market Analysis and Insights: Global Smart Building Market
The research report studies the Smart Building market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Smart Building market size is projected to reach US$ 165160 million by 2027, from US$ 71970 million in 2020, at a CAGR of 12.6% during 2021-2027.

Global Smart Building Scope and Segment
The global Smart Building market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Smart Building 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 region (country), by Type, and by Application 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
Escalator
Elevator
Others

Segment by Application
Government Buildings
Residential Buildings
Commercial Building

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Johnson Controls
Honeywell
Schneider
UTC
Siemens
Ingersoll Rand (Trane)
Azbil
ABB
Emerson
Eaton
Control4
Bosch
Panasonic
Delta Controls
Legrand
Cisco
IBM
Advantech
Current (GE)