Smart Building Sensors Market Trends, Revenue, Key Players, Growth, Share and Forecast till 2028
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Increasing advancements in sensing technology and rising adoption of smart security solutions are some key factors driving market revenue growth
VANCOUVER, BC, UNITED STATES, July 11, 2022 /EINPresswire.com/ --
The Smart building sensors Market report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Smart building sensors market. It provides a comprehensive evaluation of the global Smart building sensors market from various perspectives to deliver a detailed, informative, and precise analysis of regional growth, competition, and market segmentation, among other factors. Moreover, it also gives an accurate account of the significant breakthroughs and developments that influence the global Smart building sensors market. It also focuses on both the global as well as the regional expansion of the Smart building sensors industry to give an overall analysis.
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.
Increasing advancements of smart sensors has led to increasing adoption for smart security solutions in buildings. A smart sensor consists of a combination of sensor, microprocessor and a communication technology which incorporates rule-based elements that provide various functions such as conversion of data, data processing and external device communication. Smart sensors play an important role in smart security systems. For instance, thermal imaging sensors can be used to detect an intruder\'s body heat and send alerts updating the authorities of intrusion. Similarly, devices such as smart locks, motion sensors, and window and door sensors are commonly connected to a common network. This enables the security sensors to work together and detect any security breach by updating the concerned authorities.
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The study offers comprehensive coverage of the qualitative and quantitative analysis of the Smart Building Sensors market along with crucial statistical data about the Smart Building Sensors market. The research study provides historical data and offers accurate forecast estimation until 2028. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies in the global market report 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.
Highlights from the Report
Solutions segment is expected to register a significantly robust revenue growth rate over the forecast period owing to increasing demand for smart solutions in infrastructure projects along with demand for real-time data for better management and maintenance of buildings.
Residential segment revenue is expected to expand at a substantially rapid CAGR during the forecast period owing to increasing demand for energy efficient smart building and rising government initiatives to support smart cities.
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 owing to robust 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.
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Smart Building Sensors industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
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
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
Services
System Integration and deployment
Support and Maintenance
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
The complete regional analysis covers:
North America (U.S., Canada, Mexico
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)
The report offers a comprehensive understanding of the impact of the COVID-19 pandemic on the overall market growth and expansion. COVID-19 has affected the global economy by interfering with production and demand, causing market disruption, and inducing financial instability.
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Key Points of Smart Building Sensors Market:
Extensive coverage of the analysis of the Smart Building Sensors market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Smart Building Sensors market
Complete data about the key manufacturers and vendors in the Smart Building Sensors market
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
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