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The latest report on Smart Building Market by Infinium Global Research gives complete coverage of the Smart Building Market by  in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Smart Building such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.

We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report Shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.

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The Rising Adoption of Artificial Intelligence and Advancement in Wi-Fi Technology

Smart building automatically controls the building’s operations like heating, air conditioning, lighting, other systems. Smart buildings include smart office buildings, hospitals, stadiums, healthcare facilities, educational facilities, and others. The leading companies operating in the global smart building market are adopting strategies such as mergers, acquisitions, and new product launches to increase market share and sustain in the competition.

For instance, Hitachi in 2019, acquired JR Automation. JR Automation designs and builds automation equipment and offers services in the automotive, medical device, construction, aerospace, pharmaceuticals, and food processing. The acquisition strengthens the operations and services provided by Hitachi.

The rising adoption of artificial intelligence and advancement in Wi-Fi technology drives the growth of the smart building market. The growing demand for eco-friendly living stimulates the growth of the smart building market. A smart building enables cost-effective management, reduces energy consumption, and offers better resource handling. The increasing awareness about the features of smart buildings contributes to the growth of the smart building market. The rising awareness of space utilization promotes the growth of the smart building market.

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The Growing Demand for Eco-Friendly Living Stimulates the Growth of the Smart Building Industry

The growing industry standards and rules contribute to the growth of the smart building market. On the flip side, the high cost of installation in smart building hinders the growth of the smart building market. Moreover, technological advancement and increasing adoption of smart building technology in hospitals and airports create novel opportunities for the growth of the smart building market.

Based on geography, the global smart building market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold the largest share in the global smart building market. The rising technological development and adoption of new technologies such as IoT, big data, data analytics, cloud computing, and artificial intelligence in North America stimulate the growth of the smart building market in North America. Europe is anticipated to grow in the global smart building market with a significant CAGR over the forecast period. The increasing adoption of robotics and IoT in the construction industry contributes to the growth of the smart building market. Asia-Pacific is showing growth in the global smart building market. 

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Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the Smart Building.
  • Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.