Global Green/Intelligent Buildings Market: Snapshot
The world today is witnessing increased inclination toward intelligent buildings owing to plethora of features they offer. Intelligent building can be defined as a perfect combination of technology, energy systems, and building. With growing worldwide urbanization, the demand for energy efficient systems and smart cities is consistently increasing. This factor is opening stupendous avenues for the growth of the global green/intelligent buildings market.
An upcoming research report from TMR on the green/intelligent buildings market offers in-depth analysis of key elements of this market including demand dynamics. The report provides dependable data on potential growth avenues for the vendors in the green/intelligent buildings market. In addition, it intends to give valuable insights of the said market for the forecast period of 2019–2028. Thus, the analysis of green/intelligent buildings market works as a helpful guide for market stakeholders and assists them in making strategic business moves to get success in their businesses.
Global Green/Intelligent Buildings Market: Growth Dynamics
In recent years, the governments of many countries from the emerging economies are pouring efforts to achieve sustainability and energy efficiency in the construction industry. These countries have implemented numerous industry standards and protocols for the enterprises working in construction sectors. This factor is driving the growth of green/intelligent buildings market.
A significant growth in urbanization all across the world is calling for improving the quality and interactivity of urban services. Smart buildings and smart cities help in advancing the overall aspects of urban services. At the same time, they assist in cost reduction and sustainability maintenance. These factors are opening prominent avenues for the growth of the green/intelligent buildings market.
Growing awareness about the benefits of smart buildings will drive the green/intelligent buildings market growth in the upcoming period. Some of the key advantages of smart buildings are decrease in greenhouse gas emission, renewable energy sources deployment, and energy efficiency. Thus, green/intelligent buildings are the need of present smart cities. The acceptance of this concept will offer outstanding opportunities for the vendors working in the green/intelligent buildings market.
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Global Green/Intelligent Buildings Market: Competitive Analysis
The global green/intelligent buildings market is moderately fragmented in nature. Owing to presence of wide range of international and regional players, the competition level is highly intense. To sustain in highly competitive atmosphere, vendors in the green/intelligent buildings market are chasing diverse tactics such as mergers and acquisitions. Besides, several enterprises are focused on research activities. These moves are helping companies working in the green/intelligent buildings market to offer advanced products to the end-users. Moreover, many players are entering into partnerships to grow their regional presence. All these factors are fueling the overall green/intelligent buildings market growth.
The list of key vendors in the global green/intelligent buildings market includes:
- Cisco Systems, Inc.
- ABB
- Honeywell International Inc.
- Delta Controls
- Johnson Controls
- Intel Corporation
- Schneider Electric
- Legrand
- United Technologies Corporation
- Siemens AG
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Global Green/Intelligent Buildings Market: Regional Assessment
The global green/intelligent buildings market is spread across four key regions, namely, North America, Europe, Asia Pacific, and LAMIA. Of them, North America is one of the key regions owing to increased acceptance of advanced technologies among major population in it. Besides, increased awareness about the energy conservation and the rising demand for energy efficient systems in the region will boost the green/intelligent buildings market in the forthcoming years.
Asia Pacific is projected to show lucrative avenues in the market for green/intelligent buildings in the upcoming period. One of the key reasons supporting this estimation is presence of emerging economies in the region. Growing infrastructural development in the countries like China and India will drive the construction sector. This factor is working as a driver for the growth of the green/intelligent buildings market in the region.
