The global Building Sustainability market is experiencing significant growth, with a forecast to reach USD 15.21 Billion by 2026, according to a new report by Reports and Data. This growth is being driven by the need to enhance Building infrastructure in terms of energy, comfort, security, and overall development. Building Sustainability solutions deliver automated fault detection and diagnosis, and real-time performance monitoring for smart Buildings, making them essential for improving Building performance and energy efficiency.

The rapid industrialization and urbanization that is happening around the world is creating a high demand for constructing various structures, which in turn is driving the global demand for Building Sustainability solutions. Key market players are rapidly developing user-friendly solutions, which is projected to increase the need for Building Sustainability solutions in the forecast period.

While these factors create opportunities for market growth, the high cost of implementing these solutions poses a limitation in the market. However, the consistent advancements in the information & communication technology market owing to innovative efforts have enhanced the efficiency of Building Sustainability solutions, making them more affordable and accessible.

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Top 10 Companies Operating in the Global Keyword Market:

Schneider Electric, Johnson Controls, IBM, Honeywell, Siemens, General Electric, BuildingIQ, ICONICS, CopperTree Sustainability, and Delta Electronics, among others.

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The global market is further segmented into type and application:

Component Outlook (Revenue, USD Billion; 2016-2026)

• Software
• Service

Building Type Outlook (Revenue, USD Billion; 2016-2026)

• Manufacturing Facilities
• Residential Buildings
• Commercial Buildings
• Public Places
• Government Buildings
• Others

Deployment Type Outlook (Revenue, USD Billion; 2016-2026)

• On-premise
• Cloud

Applications Outlook (Revenue, USD Billion; 2016-2026)

• Fault Detection and Monitoring
• Energy Management
• Security Management
• Parking Management
• Emergency Management
• Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further key findings from the report suggest

• The commercial Building segment held the largest market share of 32.3% in the year 2018. These commercial Buildings include IT parks & office Buildings, restaurants & bars, shopping malls, and pubs & hotels. Office Buildings have a higher demand for Building Sustainability software and services in order to save the maximum amount of energy as these Buildings have higher consumption from HVAC and lighting systems.
• Energy management segment held the largest market share of 29.2% in the year 2018. Companies are rapidly implementing Building Sustainability software and services due to the increasing need to deal with the HVAC control frameworks in real-time for its high consumption of energy.
• The services segment is forecasted to grow with a higher CAGR of 14.1% during the forecast period. Services include managed service and professional services, which includes consulting and support & maintenance.
• The Asia Pacific is forecasted to grow with the highest CAGR of 14.2% during the forecast period. The green revolution and energy conservation initiatives are focusing on Building more and more smart Building or smart homes in the region. These factors are responsible for the increasing adoption of Building Sustainability in the region.

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