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.
As per industry analysts, the Smart Building Sensors industry is currently reeling from the pandemic’s gripping effects, and remarkable changes have been observed in the market dynamics and demand trends over recent months. The financial strains being suffered by each business organization in this industry have significantly slowed down their progress. Additionally, the report assesses the pandemic’s overall impact on the global market growth and involves a future COVID-19 impact assessment to help readers make prudent business decisions.
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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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Smart Building Sensors Market Segmentation:
-
Component Outlook (Revenue, USD Billion; 2018–2028)
- Solutions
- Infrastructure Management
- Parking Management System
- Plumbing and Water Management System
- Elevators and Escalator System
- Security and Emergency Management
- Access Control System
- Intelligent Security System
- Video Surveillance System
- Safety System
- Energy Management
- HVAC Control System
- Lighting Control System
- Infrastructure Management
- Services
- System Integration and deployment
- Support and Maintenance
- Consulting
- Solutions
-
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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