DUBLIN--(BUSINESS WIRE)--The "Smart Building - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Building market is expected to grow from $8.49 billion in 2016 to reach $57.81 billion by 2023 with a CAGR of 31.5%.
Factors such as increasing adoption of energy saving technologies, growing safety and security concerns are the fueling the market growth. Moreover, rapid urbanization in emerging countries is one of the major factors boosting the market growth. However, expensive set up costs, lack of skilled labour are the constraints limiting the market growth.
By type, services segment is expected to grow at the highest rate owing to implementation of new and intelligent automation technologies by service providers for the effective maintenance of buildings which reduces the costs. The services include managed and professional services which are offered by various vendors in the market.
Geographically, Europe accounts for the largest market share owing to development of initiatives by various governments in building smart and creative structures. In addition, the rising adoption of security solutions and energy management has led to the growth of the market in the European regions.
- Commercial Buildings
- Government & Public Infrastructure Facilities
- Residential Buildings
- University, School, & Hospital Buildings
- Manufacturing Facilities
- Other Building Types
- Building Automation Software
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Smart Building Market, By Building Type
6 Global Smart Building Market, By Type
7 Global Smart Building Market, By Geography
8 Key Developments
9 Company Profiling
- Honeywell International
- Johnson Controls
- General Electric
- Schneider Electric
- Ingersoll Rand Security Technologies
- United Technologies Corporation
- Delta Controls
For more information about this report visit https://www.researchandmarkets.com/research/p8gd69/global_smart?w=4