The global smart building market has grown exponentially in the last few years…and it doesn’t look like stopping any time soon. Experts expect its valuation to reach a whopping $105.8 billion come 2024; which is a CAGR (compound annual growth rate) of 11.7% from 2019, when it was valued at $60.7 billion.
The historical and forecasted rise make sense. With over-utilization of energy and excess carbon emissions becoming a concern worldwide, building owners have started investing in smart building technologies. All this has also opened the door for new developments and trends in the smart building industry. Let’s have a look at few:
Continue reading on : 6 Smart Building Trends for 2021
Originally published at https://clevair.io on May 11, 2020.
