Dublin, Feb. 23, 2024 (GLOBE NEWSWIRE) -- The "Smart Buildings - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Amid the rapid advancements in technology and ever-increasing demand for efficiency, the global market for Smart Buildings is on an unprecedented growth trajectory. According to a strategic business report recently added to a leading market research archive, by the year 2030, the market is expected to reach a staggering US$176.9 billion.
This comprehensive report analyzes the market's trajectory over the analysis period of 2022 to 2030 and provides valuable insights into the key segments propelling this growth. Notably, the Solutions segment is poised to achieve a CAGR of 10.7%, amassing a projected US$98 billion by the conclusion of the analysis timeframe. Parallelly, the report estimates the Services segment to expand at an impressive 12.7% CAGR over the next eight years.
In a geographical context, the U.S. Smart Buildings market is currently valued at US$22.2 billion. Meanwhile, China, with its robust economic rise, is anticipated to witness a 13.6% CAGR, culminating in a US$28.8 billion market size by 2030. Other regions, including Japan and Canada, are also set to experience healthy growth rates, alongside Germany which is projected to grow at an 11.1% CAGR within Europe.
Economic Outlook
The report delves deep into the global economic forecast, highlighting signs of recovery and growth. Despite challenges such as geopolitical tensions, fluctuating inflation, and heightened regulatory pressures, the economic landscape is showing resilience. Significant growth in technologies such as AI, machine learning, cloud computing, and renewable energy is expected to drive substantial growth and contribute to the global GDP, presenting a mixed bag of opportunities and challenges for consumers and investors alike.
Global Impact and Opportunities
While the potential of new technologies and the push for sustainability are expected to steer economic activities, the Smart Buildings sector stands to benefit significantly from these advancements. Innovations such as advanced automation, energy optimization, and intelligent facility management present significant opportunities for growth and sustainability in the building and construction sector.
The report embodies essential market intelligence for industry stakeholders, investors, and policymakers, who aim to navigate the market landscape with resilience and adaptability. It marks a beacon of illuminating insights in an era of rapid technological evolutions and signifies a pivot towards smarter, more efficient, and sustainable building management solutions.
Assessment of Future Growth
The strategic business report is a testament to the expected surge in the Smart Buildings sector, reinforcing the industry's imperative role in shaping a tech-forward, efficient, and environmentally conscious future. As the market marches towards the US$176.9 billion mark, the implications for energy management, operational efficiency, and smart technology integration are profound, holding vast potential for a transformative impact on the global landscape.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 538 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $73.7 Billion |
| Forecasted Market Value (USD) by 2030 | $176.9 Billion |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Focus on Net Zero Energy Buildings (NZEB) Awakens Interest in Smart Building Technologies
- BiPV Rises in Prominence Amid the Growing Clamor for Smart Buildings
- Building Energy Management System (BeMS) Emerges to be Crucial to the Net Zero Energy Goal in Smart Buildings
- The Pandemic's Push to Renovate & Build Smarter Buildings Bodes Well for Market Growth
- A Recovering Construction Industry Bodes Well for the Smart Buildings Market
- Construction Spending is a Key Indicator of What to Expect in the Smart Buildings Market
- With Connectivity Being the Most Critical Element of Smart Buildings, In-Building Wireless (IBW) Emerges Into the Spotlight
- A Review of the Growing Role of PoE in Smart Buildings
- AI to Revolutionize Smart Buildings in Ways Hitherto Unimagined
- Energy Efficiency Remains at the Core of the Smart Building Concept
- Smart Building Analytics Rises in Prominence
- 5G to Accelerate Smart Building Adoption
- IoT-powered Building Management System, A Gamechanger for Smart Buildings
- Predictive Maintenance Crucial to Curtailing Smart Building Maintenance Costs
- Cybersecurity in Smart Buildings Takes Center Stage
FOCUS ON SELECT PLAYERS (Total 166 Featured)
- ABB Ltd.
- Accenture PLC
- Advantech Co., Ltd.
- Avnet, Inc.
- Azbil Corporation
- Automated Logic Corp.
- ADT LLC
- Axonize
- 75F
- Aamidor Consulting
- ATS Automation, Inc
- AtSite
- Bandora Systems
- Amer Group
- BACnet International, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9o1njs
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