Smart Building Sensors Market Analysis By Industry Opportunities, Statistics, Overview, and Forecast till 2028

Market Size – USD 6.82 Billion in 2020, Market Growth – at a CAGR of 21.3%, Market Trends – Rising demand for Integrated Workplace Management System (IWMS)

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Smart building sensors market size reached USD 6.82 Billion in 2020 and is expected to register a revenue CAGR of 21.3% during the forecast period, according to latest analysis by Emergen Research. Rising advancements in sensing technology is expected to support market revenue growth during 2021-2028. Moreover, increasing adoption of smart security solutions is expected to boost market growth. Sensors at present are very powerful and receptive and therefore can capture large volume real-time data which are further processed and analyzed using sophisticated machine learning algorithms. Large organizations have connected sensors to major processes in their plants and factories that can detect, report, and analyze data to achieve higher levels of process efficiency.

The study draws a forecast of the growth of the Smart Building Sensors market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.

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Key companies operating in the Smart Building Sensors market include:

Cisco Systems, Inc., Honeywell International Inc., Johnson Controls International PLC., Schneider Electric Industries SAS, Intel Corporation, Spacewell International, Huawei Technologies Co. Ltd, Siemens AG, ABB Ltd., and Verdigris Technologies, Inc

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Smart Building Sensors market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
  • In-depth 8-year analysis of the Global Smart Building Sensors Market
  • Critical understanding of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends of the market

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Based on the product type, the Smart Building Sensors market is segmented into:

  • Component Outlook (Revenue, USD Billion; 2018–2028)

    • Solutions
      1. Infrastructure Management
        1. Parking Management System
        2. Plumbing and Water Management System
        3. Elevators and Escalator System
      2. Security and Emergency Management
        1. Access Control System
        2. Intelligent Security System
        3. Video Surveillance System
        4. Safety System
      3. Energy Management
        1. HVAC Control System
        2. Lighting Control System
    • Services
      1. System Integration and deployment
      2. Support and Maintenance
      3. Consulting
  • Type Outlook (Revenue, USD Billion; 2018–2028)

    • Temperature Sensors
    • Humidity Sensors
    • Motion/Occupancy Sensors
    • Contact Sensors
    • Gas/Air Quality Sensors
    • Electrical Current Monitoring Sensors
  • Application Outlook (Revenue, USD Billion; 2018–2028)

    • Residential
    • Commercial
    • Industrial

Smart Building Sensors Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

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