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.
Some niche products and services believed to be revenue generators are also included in the report. Apart from this, a wide range of products from various segments and sub-segments expected to present greater opportunities in the Smart Building Sensors industry are discussed in the document. Development of new products and substitutes that will completely transform the market dynamics over the forecast period occupies a special section in the report.
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Key Players operating in the industry are:
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
Radical Features of the Smart Building Sensors Market Report:
- The report encompasses Smart Building Sensors market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Smart Building Sensors industry
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Global Smart Building Sensors Market Segmentation based on Product Types and Application Spectrum:
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
Regional Analysis Covers:
- 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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