Smart Building Sensors Market Demand, Growth, Trend, Business Opportunities, Manufacturers and Research Methodology by 2028

Smart Building Sensors Market

According to Emergen Research, the smart building sensors market is expected to reach USD 6.82 billion in 2020, with a revenue CAGR of 21.3% during the forecast period. Rising sensing technology advancements are expected to support market revenue growth between 2021 and 2028. Furthermore, growing adoption of smart security solutions is expected to drive market growth. Sensors are now very powerful and receptive, allowing them to capture large amounts of real-time data, which can then be processed and analysed using sophisticated machine learning algorithms. To achieve higher levels of process efficiency, large organisations have connected sensors to major processes in their plants and factories that can detect, report, and analyse data.

The market for Smart Building Sensors is thoroughly examined in this research report. Market estimates and forecasts in the study report are based on extensive secondary research, primary interviews, and internal expert assessments. The report also shows the leading companies’ market shares as well as the competitive environment of the major industry rivals. This report examines the size of the revenue market, as well as its trends, limitations, and future prospects. This report examines the international market structure, market segmentation, growth rates, and revenue share comparisons. This report provides an overview of the market for Smart Building Sensors.

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Some Key Highlights From the Report

Residential segment revenue is expected to grow at a significantly faster CAGR during the forecast period as demand for energy-efficient smart buildings rises and government initiatives to support smart cities expand.

Because of the strong presence of international and domestic smart building sensor providers such as Cisco Systems, Inc., Honeywell International Inc., Intel Corporation, and Verdigris Technologies, Inc., among others, North America is expected to register a faster revenue growth rate than other regional markets in the smart building sensors market over the forecast period.

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. are among the major companies profiled in the global market report.

Spacewell International released version 21 of its BIM-enabled MCS IWMS software in November 2021, which primarily improves space management, workplace reservations, maintenance, and business intelligence through a variety of new dashboards. MCS is a modular IWMS that integrates numerous solutions and mobile applications.

Emergen Research has segmented global smart building sensors market on the basis of component, type, application, and region:

  • 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
  • Regional Outlook (Revenue, USD Billion; 2018–2028)
    • North America
      1. US
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

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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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