Smart Building Market 2019 Global Segmentation, Competitive Landscape, Leading Growth Drivers, Competitive Strategies, Key Vendors, Opportunity Assessment by Forecast 2023

Jun 11, 2019

MRFR notes that the global market value of smart building market will be close to USD 33 Bn by the year 2023.Smart Building Market Information by Automation type (Infrastructure management, and others) by Application Region - Forecast to 2023

Pune, India - June 11, 2019 /MarketersMedia/ —

Market Synopsis of the Global Smart Building Market

Inclusion of technology has trickled down to many areas of daily living, one such example being that of smart building market. Market Research Future, a firm which specializes in market reports related to the Construction sector among others, recently published a report on this market. The industry is anticipated to generate revenues worth USD 25 billion by the end of the forecast period and is estimated to demonstrate growth at CAGR of 34.3% from 2016 to 2022.

Smart building market are a newly emerging market on the global level, but they are showing tremendous potential for growth. Increasing expenses in terms of electricity and water consumption, has led to the development of the market. Smart building market help in management of necessities like lighting, security and other services required in buildings, which has further motivated the growth of the market. Growth of the automation sector and intensification of environmental protection measures have been the other important motivating factors leading to expansion of the market.

Get Free Sample Report of Smart Building Market @ https://www.marketresearchfuture.com/sample_request/1860

Key Players

The key players of global smart building market report include- Cisco Systems Inc., ABB Group, International Business Machines (IBM) Corporation, Control4 Corporation, Honeywell International Inc., Emerson Electric Co., United Technologies Corporation, Schneider Electric SE, Siemens AG, Delta Controls, Johnson Controls International PLC, Leviton Manufacturing Co. Inc., United Technologies Corporation, and BuildingIQ.

Industry Segments:

The market for Smart Building Market is divided on the following criteria globally. On the basis of automation type the segments are energy management, intelligent security systems, infrastructure management, and on the basis of application, the types include commercial, residential, industrial, and infrastructure.

Regional Analysis of Global Smart Building Market

APAC dominates the global smart building market with its fast growing market worldwide. The region is expected to show rapid infrastructural growth. With lot of investments in the regions of China and India and government initiatives, further has augmented the market for Smart Building. Europe is expected to hold a large share followed by North America and Rest of the world.

Global Competitive Analysis:

The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. The industry players in the segment are effectively utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been observed in the market of late with the development of different varieties of product types. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.

Get Complete Report of Smart Building Market @ https://www.marketresearchfuture.com/reports/smart-building-market-1860

Industry Updates:

Jan 2018 ETS announced at a recently concluded expo, the rollout of its Smart Building AI Platform in 2018 with enhanced predictive analytics and behavior modification mobile software suite allowing the building management community with real time mobile tools to proactively decrease operating costs and create revenue from onsite mechanical assets available.
Jan 2018 EPFL researchers have created a system that can be set up in a building to collect data on people's energy usage. The aim is to send this data collected directly to a smart electric grid that will distribute the resources optimally. The study is being conducted by the enlisting the use of a smart building simulator developed by the lab that enables studying the benefits that smart buildings could bring through their energy strategies.

Jan 2018 Indoorgo Navigation Systems is developing an app that utilizes smartphone sensors and existing infrastructure in a building, such as Wi-Fi and Bluetooth, as well as the fixed position of the building’s overhead lights. The core technology was developed nearly five years ago in Ariel University’s Kinematics and Computational Geometry Laboratory. Any building can be added to the app’s central database, after it has been mapped at least once and requires no special training in the course of about two hours. The data collected from subsequent Indoor go users improves the positioning accuracy of the app.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Contact Us:, Market Research Future, Office No. 528, Amanora Chambers, Pune – 411028, Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/smart-building-market-1860

Source URL: https://marketersmedia.com/smart-building-market-2019-global-segmentation-competitive-landscape-leading-growth-drivers-competitive-strategies-key-vendors-opportunity-assessment-by-forecast-2023/522458

Source: MarketersMedia

Release ID: 522458

More News

Former Apple Daily publisher joins mainland China tour for rehabilitated offenders
Nov 1, 2026
Former Apple Daily publisher joins mainland China tour for rehabilitated offenders

A former publisher of the now-defunct Apple Daily newspaper has joined a Hong Kong government-organised mainland study tour for rehabilitated offenders, telling a state-owned broadcaster he felt “very proud” as a Chinese national after experiencing the country’s technological advances first-hand. Cheung Kim-hung, a key prosecution witness in former media boss and Apple Daily founder Jimmy Lai Chee-ying’s national security trial, pleaded guilty to conspiracy to collude with foreign or external...

Communist Party pledges to reach deeper into China’s tech, digital platform sectors
Nov 1, 2026
Communist Party pledges to reach deeper into China’s tech, digital platform sectors

China’s ruling Communist Party will step up “party building” across the country’s tech sector and deploy digital tools to fight corruption, according to a landmark document adopted at a key political plenum. These tools include a digital discipline inspection platform and a big-data supervision platform. The party will also crack down on corruption involving the internet, virtual currency, cross-border funds and blockchain technology, according to the document formally approved on Thursday at...

Megan is a Perth public housing tenant. Her neighbours are making her life hell
Nov 1, 2026
Megan is a Perth public housing tenant. Her neighbours are making her life hell

Megan’s Cloverdale street was quiet, tight-knit and friendly until her next door neighbours moved in about four years ago. Since then, she says the neighbourhood has been plagued with drugs, screaming and violence.

‘Less than a minute’: Hong Kong travellers praise Japan’s new tax refund at airports
Nov 1, 2026
‘Less than a minute’: Hong Kong travellers praise Japan’s new tax refund at airports

Hong Kong tour groups returning from Japan have praised a smooth roll-out of the country’s new tax refund arrangement that requires travellers to complete refund procedures at airports or ports rather than at shops. Under the “pay first, refund later” scheme, which took effect on Sunday to curb illicit domestic reselling and tax evasion, international tourists must now pay the 10 per cent consumption tax upfront at the counter. Travellers are now required to complete customs verification before...

How Trump plans to govern if Democrats take Congress
Nov 1, 2026
How Trump plans to govern if Democrats take Congress

Control of the Senate would allow Democrats to block Trump's judicial and executive-branch nominees, including any Supreme Court pick.

Could a midterm defeat tame Trump? Not on foreign policy, Chinese experts say
Nov 1, 2026
Could a midterm defeat tame Trump? Not on foreign policy, Chinese experts say

A potential lame-duck phase may not deter US President Donald Trump from pursuing more “transactional” or “risky” foreign policy moves after the midterm elections, Chinese experts warn, while casting doubt on expectations of a powerful Democratic wave. Amid a season of high-stakes contests that could reshape global politics, the US vote on Tuesday stands out. The election, which will determine who takes control of the US Congress, could result in Trump and his fellow Republicans no longer...

China’s Xi says strict party governance has positive impact, does not stifle growth
Nov 1, 2026
China’s Xi says strict party governance has positive impact, does not stifle growth

Chinese President Xi Jinping has mounted a direct defence of the campaign for strong Communist Party governance and internal discipline, describing them as a “fundamental guarantee” for China’s rise and warning against any easing of scrutiny, according to state media. Xi took the floor as the party’s 20th Central Committee closed its fifth plenum on Thursday, to directly address the scepticism over the sweeping campaign, state news agency Xinhua reported on Sunday. According to “side notes”...

Superquiz, Monday, November 2
Nov 1, 2026
Superquiz, Monday, November 2

Trivia buffs, test your knowledge with today’s interactive superquiz.

Clarify crime thresholds and immunity in bid-rigging law: Hong Kong Bar Association
Nov 1, 2026
Clarify crime thresholds and immunity in bid-rigging law: Hong Kong Bar Association

The Hong Kong Bar Association has called on the government to clearly define criminal thresholds and resolve whistle-blower immunity rules under its plan to outlaw bid-rigging following the deadly Tai Po inferno. A task force formed by the association, which represents the city’s barristers, spent 10 months reviewing four key areas of law and released a 140-page report on Sunday in the hope of providing direction to address the shortcomings that led to the deadly Wang Fuk Court blaze last...

Love hotteok? Here's how the sugary, oil-fried snack can affect your diet
Nov 1, 2026
Love hotteok? Here's how the sugary, oil-fried snack can affect your diet

Click here for more articles by Kormedi.com. Comedian Shin Bong-sun, who has drawn attention for her slimmer figure, turned down even a tempting snack to stay on track with her diet. Shin recently posted a photo of a black plastic bag on social media, writing, “Hotteok my older sister bought me from Namdaemun. I won't eat it.” She also shared a full-body photo taken at a gym, saying she was playing tennis and attending a personal training session. Shin previously revealed that she had lost 11 kilograms in just 100 days. She has since continued to exercise regularly and manage her diet. Hotteok: A calorie bomb with sugar and oil Hotteok is a snack made by filling wheat flour dough with a sweet filling and cooking it in oil. The carbohydrates in the dough, combined with sugar and oil, make the snack high in calories. Its calorie content varies depending on its size, filling ingredients and the amount of oil used during cooking. According to the Ministry of Food and Drug Safety's food nutrition database, hotteok containing nuts has 314 kilocalories per 100 grams. Eating a 150-gram hotteok

Hanwha bags 1st US Navy shipbuilding order
Nov 1, 2026
Hanwha bags 1st US Navy shipbuilding order

Hanwha Group has won its first contract to build a warship for the United States Navy after its acquisition of Philadelphia-based Philly Shipyard in December 2024, marking a tangible step forward in the Korea-U.S. shipbuilding cooperation initiative known as Make American Shipbuilding Great Again (MASGA). Hanwha Group said Sunday that Hanwha Defense USA has signed a $269 million (357.5 billion won) contract with TOTE Services to build a landing ship medium (LSM). TOTE Services is a vessel construction manager entrusted by the U.S. Navy with overseeing shipbuilding contracts and managing vessel construction. The construction of the LSM is expected to begin in the fourth quarter of next year, and the contract also includes options for three additional vessels. The LSM is an expeditionary landing vessel designed to support the U.S. Navy's operations in contested coastal areas, including the Indo-Pacific region. It is tasked with transporting and deploying Marine Corps personnel, equipment and supplies to coastal areas. The U.S. Navy aims to secure 35 LSMs. The vessel measures 100 meters in

POSCO union to vote on tentative wage deal this week
Nov 1, 2026
POSCO union to vote on tentative wage deal this week

Unionized workers at South Korean steelmaker POSCO will vote this week on a tentative wage agreement reached with management, the union said Sunday. The two sides have held 30 rounds of negotiations since June, while the union staged two partial strikes in September to demand higher wages and bonuses. Last week, the union said it would launch an "indefinite" strike from Nov. 2 unless the company presented an acceptable wage offer. On Friday, the union reached a tentative agreement on the company's latest offer, which includes a 2.6 percent increase in base pay, a one-off payment of 6 million won ($4,500) and improved benefits. Union members are scheduled to vote on the deal on Saturday. The union had initially demanded a 7.1 percent increase in base pay, a performance bonus equivalent to 600 percent of base pay, 50 company shares per worker and a holiday bonus equivalent to 200 percent of base pay. In addition to higher wages, the union cited staffing shortages and aging facilities as factors that could heighten the risk of workplace accidents. Management's previous offer included a 2.5 pe

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.


News On Express

Fills you in with all the breaking world news and brief news articles so that you can read them on-the-go. Grab yourself a coffee and enjoy reading on News On Express.

NEWSLETTER

Copyright © 2015 - 2026 News On Express. All Rights Reserved.