ReleaseWire

Smart Building Market Expected to Reach 198000 Million US$ by 2025

In 2017, the global Smart Building market size was 58100 million US$ and it is expected to reach 198000 million US$ by the end of 2025, with a CAGR of 19.1% during 2018-2025.

Posted: Monday, September 24, 2018 at 4:17 PM CDT

Los Angeles, CA -- (SBWire) -- 09/24/2018 --This report focuses on the global Smart Building status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Building development in United States, Europe and China.

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 market for smart building is fragmented with players such as Honeywell, Johnson Controls, Siemens, UTC, Schneider, Ingersoll Rand(Trane), Azbil, General Electric, Eaton, Legrand, and so on. Among them, Honeywell is the global leading supplier.

On the basis of type, the smart building market is segmented into software information system, building management system, engineering of electronic equipment plant, and installation & service.

Based on regions, the global smart building market is segmented into USA, Europe, China, Japan, and the Rest of the World (ROW). USA is expected to account for the largest share and China is growing fastest of the market during the forecast period.

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The key players covered in this study

Honeywell

Johnson Controls

Siemens

UTC

Schneider

Ingersoll Rand(Trane)

Azbil

General Electric

Eaton

Legrand

Market segment by Type, the product can be split into

Software Information System

Building Management System

Engineering of Electronic Equipment Plant

Installation & Service

Market segment by Application, split into

Commercial Buildings

Residential Buildings

Government Buildings

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QYResearch established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.