Smart Building Market Size, Share, Growth, Trends Forecast Analysis 2022
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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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.
