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Asia-pacific Smart Building Market

Asia-Pacific Smart Building Market by Component (Solution and Service), Solution Type (Building Infrastructure Management, Security & Emergency Management,, Energy Management, Network Management, Workforce Management, Waste Management, Others), Building Type (Residential, Commercial, Industrial) : Global Opportunity Analysis and Industry Forecast, 2021-2030.

A14204
Pages: 219
Oct 2021 | 284 Views
   
Author(s) : Rachita Rake & Shreyas Wadodkar
Tables: 84
Charts: 74
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Asia-Pacific Smart Building Industry Statistics: 2030

The global Asia-Pacific smart building market size was valued at $17,564.79 million in 2020, and is projected to reach $78,729.56 million by 2030, growing at a CAGR of 16.1% from 2021 to 2030.

The COVID-19 outbreak has moderate impact on the growth of the smart building market as various commercial and residential smart buildings projects are halted due to rising number of COVID-19 patient in the Asia-Pacific. In addition, various key players of the market are introducing different solutions to reduce the impact of the pandemic situation and to increase their market share. The Asia-Pacific smart buildings market has witnessed significant growth in the past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a downfall in 2020. This is attributed to implementation of lockdown by governments in majority of the countries and the shutdown of business and public & private organizations across the world to prevent transmission of the virus.

Smart building is defined as an infrastructure, which is based on a robust, open operating system that supports a well-connected and integrated network of building systems and controls. It facilitates energy savings, reduction in the cost of changing occupancy, and configuration, predictive maintenance, optimized site-cleaning, dynamic parking space allotment, maintaining a secure, safe, and comfortable environment, and improving the productivity. Smart building provides energy management through HVAC and lighting management, regulates air, water quality, and usage. It provides security and emergency access to the occupants. It also offers optimized asset utilization such as equipment, office, or storage space as well as parking space.

Asia-Pacific-Smart-Building-Market-2021-2030

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On the basis of component, the solution segment dominated the overall Asia-Pacific smart building market industry in 2020, and is expected to continue this trend throughout the forecast period. This is due to an increase in the adoption of smart building service by enterprises to gain strategic and a competitive advantage over their competitors. Furthermore, it ensures effective functioning of smart building software which drives the Asia-Pacific smart building market growth. However, the service segment is expected to witness the highest growth in the upcoming years. This is attributed to increase in adoption of smart building service software in various industry verticals. This increases the need for various services such as system integration and managed services. Most of the countries have started adopting these services to align all business tool such as construction, maintenance, and space management together. This factor is projected to create Asia-pacific smart building market growth during the forecast period.

Depending on the solution type, the security & emergency management segment had generated highest revenue in the year 2020 and will continue to show this trend during forecast period. This growth is attributed due to the security & emergency management systems helps owners of the buildings to predict the occurrence of various natural disasters due to the ever changing climate conditions and make necessary changes accordingly, which acts as a major driving force of the market. However the energy management segment is highest growing segment and will continue this trend during forecast period. This is attributed due to energy management systems are gaining popularity since they help to gain competitive advantage, increase productivity, and reduce energy cost. In addition, government policies toward energy conservation and limited availability of fossils draw attention of the market players toward the adoption of energy management systems in smart building projects. Furthermore, increase in need for energy consumption and mandatory government regulation across the Asia-Pacific for developing energy-efficient buildings propel the growth of the market. In addition, integration of energy management with smart devices in smart buildings and upcoming smart cities projects in the Asia-Pacific are expected to provide lucrative opportunity for the expansion of the market. 

The report focuses on the growth prospects, restraints, and Asia-Pacific smart building market analysis. The study uses Porter’s five forces analysis of the Asia-Pacific smart building industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and bargaining power of buyers on the Asia-Pacific smart building market trends.

Segment Review

The Asia-Pacific smart buildings market is segmented into component, solution type, building type, and country. By component, it is bifurcated into solution and service. On the basis of service, the market is differentiated into consulting, system integration & deployment, and support & maintenance. By solution type, it is segregated into building infrastructure management, security & emergency management, energy management, network management, workforce management and others. On the basis of building type it is classified into residential, commercial and industrial. On the basis of country it is includes China, Japan, India, South Korea, Australia, Singapore and Rest of Asia-Pacific. 

Asia-Pacific Smart Building Market
By Component

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Service segment is projected as one of the most lucrative segments.

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Impact of COVID-19 on the Asia-Pacific Smart Building market trends

As per Asia-Pacific Smart Building market forecast the post COVID-19, the Asia-Pacific Smart Building market size was valued at $17,564.79million in 2021 and is projected to reach $78,729.56 million by 2030, growing at a CAGR of 16.1% from 2020 to 2030. 

The COVID-19 outbreak has high impact on the growth of the smart building market as various commercial and residential smart buildings projects are halted due to rising number of COVID-19 patient in the Asia-Pacific. In addition, various key players of the market are introducing different solutions to reduce the impact of the pandemic situation and to increase their market share. The Asia-Pacific smart buildings market has witnessed significant growth in the past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a downfall in 2020. This is attributed to implementation of lockdown by governments in majority of the countries and the shutdown of business and public & private organizations across the world to prevent transmission of the virus. In addition, various IT organizations are shifting their work from normal buildings to smart buildings, which is driving the growth of the market in the pandemic situation.

Asia-Pacific Smart Building Market
By Building type

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Residential segment is projected as one of the most lucrative segments.

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Top Impacting Factors    

Rise in construction of energy-efficient buildings across the Asia-Pacific and increase in supportive industry standards & growing government initiatives for building smart buildings in the Asia-Pacific are the major factors driving the growth of the market. In addition, rise in adoption of internet of things enabled building management system fuels the growth of the market. Moreover, high initial and maintenance cost and lack of technical expertise hamper the growth of the market. Furthermore, the incorporation of artificial intelligence in smart buildings and rise in smart cities trends are expected to provide lucrative opportunity for the expansion of the market. 

Rise in adoption of IoT-enabled building management system 

Many real estate and commercial buildings are adopting IoT-enabled building management system, owing to its varied benefits, which include lower cost of energy consumption, control of data, tenant satisfaction, and high security. In addition, various real estate developers are increasing their spending on IoT devices to easily manage different types of building operations such as buying property, selling property, giving 3D image of the property to the consumer, and analyzing the property value. Furthermore, many real estate projects owners are using IoT-enabled devices, which help them to improve the overall efficiency and curb energy usage significantly as compared to conventional building. In addition, IoT-enabled sensors deployed in smart buildings provide various benefits such as reduction in energy costs, enabling real-time control of air conditioning, and improvement in lighting & security of the buildings, which drive the growth of the market.

Asia-Pacific Smart Building Market
By Country

2030
China 
Japan
India
South Korea
Australia
Singapore
Rest Of Asia-pacific

India is projected as one of the most significant country.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the Asia-Pacific smart building market share along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the Asia-Pacific smart building market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Asia-Pacific smart building market.
  • The quantitative analysis of the Asia-Pacific smart building market share from 2020 to 2030 is provided to determine the Asia-Pacific smart building market potential.

Key Market Segments

By Component

  • Solution
  • Service
  • Consulting
  • System Integration & Deployment 
  • Support & Maintenance

By Solution Type

  • Building Infrastructure Management
  • Security & Emergency Management
  • Energy Management
  • Network Management
  • Workforce Management
  • Waste Management 
  • Others

By Building Type

  • Residential
  • Commercial 
  • Industrial

Key Market Players Profiled In The Report Of Asia-pacific Smart Building Market. 

  • ABB Ltd.
  • BOSCH
  • Cisco Systems, Inc.
  • Hitachi Ltd
  • Honeywell International Ltd
  • Huawei Technologies Co. Ltd.
  • IBM Corporation
  • Intel Corporation,
  • Schneider Electric S.E.
  • Siemens AG. 
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FORCES SHAPING ASIA-PACIFIC SMART BUILDINGS MARKET
3.3.MARKET DYNAMICS

3.3.1.Drivers

3.3.1.1.Increase in need for energy-efficient buildings
3.3.1.2.Supportive industry standards and regulations for developing smart buildings
3.3.1.3.Rise in adoption of IoT-enabled building management system

3.3.2.Restraint

3.3.2.1.High initial investment
3.3.2.2.Complex interoperability

3.3.3.Opportunities

3.3.3.1.Integration of artificial intelligence in smart buildings
3.3.3.2.Increase in smart cities initiatives across the Asia-Pacific

3.4.IMPACT OF GOVERNMENT REGULATIONS ON ASIA-PACIFIC SMART BUILDING MARKET
3.5.COVID-19 IMPACT ANALYSIS ON SMART BUILDING MARKET

3.5.1.Impact on market size
3.5.2.Consumer trends, preferences, and budget impact
3.5.3.Regulatory framework
3.5.4.Economic impact
3.5.5.Key player strategies to tackle negative impact
3.5.6.Opportunity window

CHAPTER 4:ASIA-PACIFIC SMART BUILDINGS MARKET, BY COMPONENT

4.1.OVERVIEW
4.2.SOLUTION

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by Country
4.2.3.Market analysis, by country

4.3.SERVICE

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Smart building market, by service type

4.3.2.1.Consulting
4.3.2.2.System integration & deployment
4.3.2.3.Support & maintenance

4.3.3.Market size and forecast, by country
4.3.4.Market analysis, by country

CHAPTER 5:ASIA-PACIFIC SMART BUILDINGS MARKET, BY SOLUTION TYPE

5.1.OVERVIEW
5.2.BUILDING INFRASTRUCTURE MANAGEMENT (BIM)

5.2.1.Key market trends, growth factors, and opportunities

5.2.1.1.Parking management system
5.2.1.2.Smart water management system
5.2.1.3.Elevators & escalators management system

5.2.2.Smart building market, by Country
5.2.3.Market analysis, by country

5.3.SECURITY & EMERGENCY MANAGEMENT SYSTEM

5.3.1.Key market trends, growth factors, and opportunities

5.3.1.1.Access control system
5.3.1.2.Video surveillance system
5.3.1.3.Safety system

5.3.2.Smart building market size and forecast, by country
5.3.3.Market analysis, by country

5.4.ENERGY MANAGEMENT SYSTEM

5.4.1.Key market trends, growth factors, and opportunities

5.4.1.1.HVAC control system
5.4.1.2.Lighting system

5.4.2.Smart building market size and forecast, by energy management system
5.4.3.Market analysis, by country

5.5.NETWORK MANAGEMENT SYSTEM

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by country
5.5.3.Market analysis, by country

5.6.WORKFORCE MANAGEMENT SYSTEM

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by country
5.6.3.Market analysis, by country

5.7.OTHERS

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region
5.7.3.Market analysis, by country

CHAPTER 6:ASIA-PACIFIC SMART BUILDINGS MARKET, BY BUILDING TYPE

6.1.OVERVIEW
6.2.RESIDENTIAL

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.COMMERCIAL

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.INDUSTRIAL

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

CHAPTER 7:ASIA-PACIFIC SMART BUILDING MARKET, BY COUNTRY

7.1.OVERVIEW
7.2.CHINA

7.2.1.Market size and forecast by component
7.2.2.Market size and forecast Solution Type
7.2.3.Market size and forecast building type

7.3.JAPAN

7.3.1.Market size and forecast by component
7.3.2.Market size and forecast by Solution Type
7.3.3.Market size and forecast building type

7.4.INDIA

7.4.1.Market size and forecast by component
7.4.2.Market size and forecast by solution type
7.4.3.Market size and forecast building type

7.5.SOUTH KOREA

7.5.1.Market size and forecast by component
7.5.2.Market size and forecast solution type
7.5.3.Market size and forecast building type

7.6.AUSTRALIA

7.6.1.Market size and forecast by component
7.6.2.Market size and forecast solution type
7.6.3.Market size and forecast building type

7.7.SINGAPORE

7.7.1.Market size and forecast by component
7.7.2.Market size and forecast solution type
7.7.3.Market size and forecast building type

7.8.REST OF ASIA-PACIFIC

7.8.1.Market size and forecast by component
7.8.2.Market size and forecast by solution type
7.8.3.Market size and forecast building type

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.KEY PLAYERS POSITIONING ANALYSIS, 2020
8.2.TOP WINNING STRATEGIES
8.3.KEY DEVELOPMENTS

8.3.1.Partnership
8.3.2.Collaboration
8.3.3.Agreement
8.3.4.Product development

8.4.COMPETITIVE DASHBOARD

CHAPTER 9:COMPANY PROFILES

9.1.ABB LTD

9.1.1.Company overview
9.1.2.Key executives
9.1.3.Company snapshot
9.1.4.Product portfolio
9.1.5.R&D expenditure
9.1.6.Business performance
9.1.7.Key strategic moves and developments

9.2.BOSCH GMBH

9.2.1.Company overview
9.2.2.Key executives
9.2.3.Company snapshot
9.2.5.Product portfolio
9.2.6.Business performance
9.2.7.Key strategic moves and developments

9.3.CISCO SYSTEM INC.

9.3.1.Company overview
9.3.2.Key executives
9.3.3.Company snapshot
9.3.5.Product portfolio
9.3.6.R&D Expenditure
9.3.7.Business performance
9.3.8.Key strategic moves and developments

9.4.HITACHI LTD

9.4.1.Company overview
9.4.2.Key executive
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.Business performance
9.4.6.Key strategic moves and developments

9.5.HONEYWELL INTERNATIONAL INC

9.5.1.Company overview
9.5.2.Key executives
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.R&D expenditure
9.5.7.Business performance
9.5.8.Key strategic moves and developments

9.6.HUAWEI TECHNOLOGIES CO., LTD.

9.6.1.Company overview
9.6.2.Key executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D expenditure
9.6.7.Business performance
9.6.8.Key strategic moves and developments

9.7.IBM CORPORATION

9.7.1.Company overview
9.7.2.Key executives
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.R&D expenditure
9.7.7.Business performance
9.7.8.Key strategic moves and developments

9.8.INTEL CORPORATION

9.8.1.Company overview
9.8.2.Key executive
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.R&D expenditure
9.8.7.Business performance
9.8.8.Key strategic moves and developments

9.9.SCHNEIDER ELECTRIC S.E

9.9.1.Company overview
9.9.2.Key executives
9.9.3.Company snapshot
9.9.5.Product portfolio
9.9.6.R&D expenditure
9.9.7.Business performance
9.9.8.Key strategic moves and developments

9.10.SIEMENS AG

9.10.1.Company overview
9.10.2.Key executives
9.10.3.Company snapshot
9.10.5.Product portfolio
9.10.6.Business performance
9.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 01.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 02.ASIA-PACIFIC SMART BUILDING MARKET REVENUE FOR SOLUTION BY COUNTRY, 2020–2030 ($MILLION )
TABLE 03.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY SERVICE TYPE, 2020-2030 ($MILLION)
TABLE 04.ASIA VIRTUAL TRAINING AND SIMULATION MARKET REVENUE FOR SERVICE BY COUNTRY,, 2020–2030 ($MILLION )
TABLE 05.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY SOLUTION TYPE, 2020–2030 ($MILLION)
TABLE 06.ASIA-PACIFIC. SMART BUILDING MARKET REVENUE, BY BIM TYPE, 2020-2030 ($MILLION)
TABLE 07.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE FOR BIM TYPE BY COUNTRY , 2020–2030 ($MILLION)
TABLE 08.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY SEM TYPE, 2020-2030 ($MILLION)
TABLE 09.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, FOR SEM TYPE BY COUNTRY, 2020–2030 ($MILLION)
TABLE 10.U.S. SMART BUILDINGS MARKET REVENUE, BY ENERY MANAGEMENT SYSTEM, 2019–2027 ($MILLION)
TABLE 11.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, FOR ENERY MANAGEMENT SYSTEM BY COUNTRY, 2020–2030 ($MILLION)
TABLE 12.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE FOR NETWORK MANAGEMENT,BY COUNTRY 2020–2030 ($MILLION)
TABLE 13.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY WORKFORCE MANAGEMENT, 2020–2030 ($MILLION)
TABLE 14.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY OTHERS, 2020–2030 ($MILLION)
TABLE 15.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY BUILDING TYPE, 2020–2030 ($MILLION)
TABLE 16.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE FOR RESIDENTIAL, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 17.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY COMMERCIAL, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 18.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY INDUSTRIAL, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 19.ASIA-PACIFIC SMART BUILDING MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION )
TABLE 20.CHINA SMART BUILDING MARKET REVENUE FOR COMPONENT, 2020–2030 ($MILLION )
TABLE 21.CHINA SMART BUILDING MARKET REVENUE BY SOLUTION TYPE, 2020–2030 ($MILLION )
TABLE 22.CHINA SMART BUILDING MARKET REVENUE BY BUILDING TYPE, 2020–2030 ($MILLION )
TABLE 23.JAPAN SMART BUILDING MARKET REVENUE FOR COMPONENT, 2020–2030 ($MILLION )
TABLE 24.JAPAN SMART BUILDING MARKET REVENUE BY SOLUTION TYPE, 2020–2030 ($MILLION )
TABLE 25.JAPAN SMART BUILDING MARKET REVENUE BY BUILDING TYPE, 2020–2030 ($MILLION )
TABLE 26.INDIA SMART BUILDING MARKET REVENUE FOR COMPONENT, 2020–2030 ($MILLION )
TABLE 27.INDIA SMART BUILDING MARKET REVENUE BY SOLUTION TYPE, 2020–2030 ($MILLION )
TABLE 28.INDIA SMART BUILDING MARKET REVENUE BY BUILDING TYPE, 2020–2030 ($MILLION )
TABLE 29.SOUTH KOREA SMART BUILDING MARKET REVENUE FOR COMPONENT, 2020–2030 ($MILLION )
TABLE 30.SOUTH-KOREA SMART BUILDING MARKET REVENUE BY SOLUTION TYPE, 2020–2030 ($MILLION )
TABLE 31.SOUTH KOREA SMART BUILDING MARKET REVENUE BY BUILDING TYPE, 2020–2030 ($MILLION )
TABLE 32.AUSTRALIA SMART BUILDING MARKET REVENUE FOR COMPONENT, 2020–2030 ($MILLION )
TABLE 33.AUSTRALIA SMART BUILDING MARKET REVENUE BY SOLUTION TYPE, 2020–2030 ($MILLION )
TABLE 34.SINGAPORE SMART BUILDING MARKET REVENUE BY BUILDING TYPE, 2020–2030 ($MILLION )
TABLE 35.SINGAPORE SMART BUILDING MARKET REVENUE FOR COMPONENT, 2020–2030 ($MILLION )
TABLE 36.SINGAPORE SMART BUILDING MARKET REVENUE BY SOLUTION TYPE, 2020–2030 ($MILLION )
TABLE 37.SINGAPORE SMART BUILDING MARKET REVENUE BY BUILDING TYPE, 2020–2030 ($MILLION )
TABLE 38.ASIA-PACIFIC SMART BUILDING MARKET REVENUE FOR REST OF ASIA-PACIFIC, BY COUNTRY, 2020–2030 ($MILLION )
TABLE 39.REST OF ASIA-PACIFIC SMART BUILDING MARKET REVENUE FOR COMPONENT, 2020–2030 ($MILLION )
TABLE 40.REST OF ASIA-PACIFIC SMART BUILDING MARKET REVENUE BY SOLUTION TYPE, 2020–2030 ($MILLION )
TABLE 41.CHINA SMART BUILDING MARKET REVENUE BY END USER, 2020–2030 ($MILLION )
TABLE 42.KEY NEW PRODUCT LAUNCHES (2017-2019)
TABLE 43.PARTNERSHIP (2017-2019)
TABLE 44.COLLABORATION (2017-2019)
TABLE 45.AGREEMENT (2017-2019)
TABLE 46.PRODUCT DEVELOPMENT (2017-2019)
TABLE 47.ABB LTD: KEY EXECUTIVES
TABLE 48.ABB LTD: COMPANY SNAPSHOT
TABLE 49.ABB LTD: PRODUCT PORTFOLIO
TABLE 50.BOSCH GMBH: KEY EXECUTIVES
TABLE 51.BOSCH.GMBH: COMPANY SNAPSHOT
TABLE 52.BOSCH GMBH.: PRODUCT CATEGORIES
TABLE 53.BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 54.CISCO SYSTEMS, INC.: KEY EXECUTIVES
TABLE 55.CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 57.CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 58.HITACHI LTD: KEY EXECUTIVE
TABLE 59.HITACHI LTD: COMPANY SNAPSHOT
TABLE 60.HITACHI LTD: PRODUCT PORTFOLIO
TABLE 61.HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 62.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 63.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 64.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 65.HUAWEI TECHNOLOGIES CO., LTD: KEY EXECUTIVES
TABLE 66.HUAWEI TECHNOLOGIES CO. LTD: COMPANY SNAPSHOT
TABLE 67.HUAWEI TECHNOLOGIES CO. LTD: OPERATING SEGMENTS
TABLE 68.HUAWEI TECHNOLOGIES CO. LTD: PRODUCT PORTFOLIO
TABLE 69.IBM CORPORATION: KEY EXECUTIVES
TABLE 70.IBM CORPORATION: COMPANY SNAPSHOT
TABLE 71.IBM CORPORATION: OPERATING SEGMENTS
TABLE 72.IBM CORPORATION: PRODUCT PORTFOLIO
TABLE 73.INTEL CORPORATION: KEY EXECUTIVE
TABLE 74.INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 75.INTEL CORPORATION: OPERATING SEGMENTS
TABLE 76.INTEL CORPORATION: PRODUCT PORTFOLIO
TABLE 77.SCHNEIDER ELECTRIC S.E.: KEY EXECUTIVES
TABLE 78.SCHNEIDER ELECTRIC S.E.: COMPANY SNAPSHOT
TABLE 80.SCHNEIDER ELECTRIC S.E.: PRODUCT PORTFOLIO
TABLE 81.SIEMENS AG: KEY EXECUTIVES
TABLE 82.SIEMENS AG: COMPANY SNAPSHOT
TABLE 84.SIEMENS AG: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.ASIA-PACIFIC SMART BUILDINGS MARKET SNAPSHOT, 2020-2030
FIGURE 03.ASIA-PACIFIC SMART BUILDINGS MARKET: TOP IMPACTING FACTOR
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.LOW-TO-MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 09.LOW-TO-HIGH COMPETITIVE RIVALRY
FIGURE 10.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR SOLUTION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR SERVICE, BY COUNTRY,  2020 & 2030 (%)
FIGURE 13.ASIA-PACIFIC SMART BUILDINGS MARKET REVENUE, BY SOLUTION TYPE, 2020–2030 ($MILLION)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR BUILDING INFRASTRUCTURE MANAGEMENT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR SECURITY & EMERGENCY MANAGEMENT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR ENERGY MANAGEMENT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR NETWORK MANAGEMENT,  BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR WORKFORCE MANAGEMENT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR OTHERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 20.ASIA-PACIFIC SMART BUILDINGS MARKET, BY BUILDING TYPE, 2020–2030
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR RESIDENTIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR COMMERCIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART BUILDING MARKET FOR INDUSTRIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.ASIA-PACIFIC SMART BUILDING MARKET, BY COUNTRY, 2020–2030
FIGURE 25.CHINA SMART BUILDING MARKET, 2020–2030 ($MILLION )
FIGURE 26.JAPAN SMART BUILDING MARKET, 2020–2030 ($MILLION )
FIGURE 27.INDIA SMART BUILDING MARKET, 2020–2030 ($MILLION )
FIGURE 28.SOUTH KOREA SMART BUILDING MARKET, 2020–2030 ($MILLION )
FIGURE 29.AUSTRALIA SMART BUILDING MARKET, 2020–2030 ($MILLION )
FIGURE 30.SINGAPORE SMART BUILDING MARKET, 2020–2030 ($MILLION )
FIGURE 31.REST OF ASIA SMART BUILDING MARKET, 2020–2030 ($MILLION )
FIGURE 32.KEY PLAYER POSITIONING ANALYSIS: ASIA-PACIFIC SMART BUILDING MARKET
FIGURE 33.TOP WINNING STRATEGIES, BY YEAR, 2018-2021
FIGURE 34.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021
FIGURE 35.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021
FIGURE 36.COMPETITIVE DASHBOARD
FIGURE 37.COMPETITIVE DASHBOARD
FIGURE 38.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 39.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 40.ABB LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 41.ABB LTD: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 42.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 43.BOSCH GMBH: REVENUE, 2018–2020 ($MILLION)
FIGURE 44.BOSCH GMBH: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 45.BOSCH GMBH: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 46.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 47.CISCO SYSTEMS, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 48.CISCO SYSTEMS, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 49.CISCO SYSTEMS, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 50.HITACHI LTD: REVENUE, 2018-2020 ($MILLION)
FIGURE 51.HITACHI LTD: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 52.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 53.HONEYWELL INTERNATIONAL INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 54.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 57.HUAWEI TECHNOLOGIES CO., LTD: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.HUAWEI TECHNOLOGIES CO., LTD: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.HUAWEI TECHNOLOGIES CO., LTD: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 61.IBM CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 62.IBM CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 63.IBM CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 64.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 65.INTEL CORPORATION: REVENUE, 2018-2020 ($MILLION)
FIGURE 66.INTEL CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 67.INTEL CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 68.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 69.SCHNEIDER ELECTRIC S.E.: REVENUE, 2018–2020 ($MILLION)
FIGURE 70.SCHNEIDER ELECTRIC S.E.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 71.SCHNEIDER ELECTRIC S.E.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 72.SIEMENS AG: REVENUE, 2017-2019 ($MILLION)
FIGURE 73.SIEMENS AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 74.SIEMENS AG: REVENUE SHARE BY REGION, 2019 (%)

 

 
 

In accordance with several interviews that were conducted with the top level CXOs, the demand for smart buildings has increased over time, due to rise in adoption of advanced technology such as IoT-based building information systems in real estate projects across Asia-Pacific. In addition, various construction industries and real estate developers in the Asia-Pacific are investing heavily in smart building projects to provide better facilities to the end users and to enhance their customer experience.

Furthermore, smart buildings deliver integrated lighting, improved comfort, higher security, and better sanitation in an energy-efficient and smart way while saving the operational costs for long term, which is the major factor propelling the growth of the market. In addition, rise in need for responsive, smart, safe, commercial, and residential spaces and increase in initiatives of smart cities supplement the market growth across Asia-Pacific.

According to CXOs of leading companies, increase in economic strength in the Asia-Pacific is expected to provide lucrative opportunities for the market growth. Key players are focusing toward product development and increasing their presence in the Asia-Pacific, owing to rise in competition among local vendors, in terms of features, quality, and price. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market.

For instance, in August 2020, IBM Corporation introduced new artificial intelligence solution into its existing product TRIRIGA to help real estate and facility management professionals better utilize office space and deliver a more engaging workplace experienc

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