MARKET INTRODUCTION
The building technology is entering a new era through the increased adoption of advanced technologies such as the Internet of Things (IoT), smart services, and software. Building technology comprises the electrical distribution, automation systems, smart lighting and controls, HVAC systems, and safety/security in the buildings. This sector is undergoing a significant transformation that is expected to challenge traditional industry businesses and structures rigorously. In order to survive and prosper in the near future, the market players aim to acquire or master digital capabilities and speedily enhance their organizational flexibility, commercial effectiveness, and operational excellence.
MARKET DYNAMICS
The major factors that are boosting the growth of building technologies market are the increasing adoption of IoT-enabled building management systems and increased industry standards & regulations. In addition, the high adoption of 4G technology, the advent of 5G technology, and rising smart city trend are anticipated to provide significant growth opportunities for the building technologies market growth in the coming years.
MARKET SCOPE
The "Global Building Technologies Market Analysis to 2028" is a specialized and in-depth study of the building technologies industry with a special focus on the global market trend analysis. The report aims to provide an overview of building technologies market with detailed market segmentation by building type, offering, application, and geography. The global building technologies market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading building technologies market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global building technologies market is segmented on the basis of building type, offering, and application. Based on building type, the market is segmented as residential, commercial, and industrial. Based on offering, the building technologies market is divided into solution and service. Further, based on application the market is segmented as energy management, infrastructure management, security and surveillance, access and control system management, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global building technologies market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The building technologies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting building technologies market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the building technologies market for each region.
MARKET PLAYERS
The reports cover key developments in the building technologies market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from building technologies market are anticipated to lucrative growth opportunities in the future with the rising demand for building technologies in the global market. Below mentioned is the list of few companies engaged in the building technologies market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- ABB Ltd.
- Bosch Sicherheitssysteme GmbH
- Building Technologies Inc.
- Eaton Corporation plc
- Emerson Electric Co.
- Honeywell International Inc.
- Johnson Controls
- Schneider Electric
- Siemens AG
- UAB SiemTecha
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.