Industry and News Smart Building Market Size, Share, Growth, Trends

Smart Building Market Size, Share, Growth, Trends
Forecast Analysis 2022
Smart building is a combination of several systems including technology,
energy and telecommunication and through these systems it achieves low
operational and maintenance costs thus helping in minimizing the greenhouse
gas (GHG) emissions.
Smart Building Market is expected to witness significant growth over the forecast period owing to
rising demand of energy efficient sources, increasing need of safety & security and growing demand
of comfort in buildings. Smart building is a combination of several systems including technology,
energy and telecommunication and through these systems it achieves low operational and
maintenance costs thus helping in minimizing the greenhouse gas (GHG) emissions. The market is
anticipated to see high demand majorly in commercial and residential sectors owing to rising
stringent emission norms and high energy cost.
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