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2022
Smart Building Market

Smart Building Market

by Component (Solution, Service), by Solution Type (Building Infrastructure Management, Security and Emergency Management, Energy Management, Network Management, Workforce Management, Waste Management), by Building Type (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031
Update Available On-Demand

IC : Software and Services
Report Code: A00682
Jun 2022 | Pages: 275
Tables: 144
Charts: 59

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Smart Building Market Research, 2031

The global smart building market size was valued at $69.80 billion in 2021, and is projected to reach $201.16 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.

With the advent of the COVID-19 pandemic and the implementation of different social distancing measures, smart building solutions were proving to be vital in slowing the spread of the coronavirus with their centralized solutions for temperature sensing and healthcare monitoring capabilities which propelled the growth of the smart building market during the period.

A smart building is a structure that uses IoT and automated technologies to control building functions such as heating, ventilation, air conditioning, lighting, security, and other systems. A smart building collects and manages data using sensors, actuators, and microchips in accordance with the functions and services of an organization (or household). Such smart infrastructure solutions assists building owners, operators, and facility managers in improving asset dependability and performance, decreasing energy consumption, improving space utilization, and reducing buildings' environmental effects.

The surge in the adoption of smart buildings in multiple regions is driven by the growing need for better utilization of the building (and building premises) and the need for better resource management in urban environments. In addition, the growth in the need for public safety and security is fueling the growth of the smart building market. However, security concerns associated with intelligent building and lack of funding & adequate infrastructure limit the growth of this market. Conversely, the emergence of artificial intelligence in smart buildings and the rise in the IoT market & its application in smart buildings are anticipated to provide numerous opportunities for the expansion of the smart and intelligent building market during the forecast period.

Smart Building Market, Smart Building Industry, Smart Building Market Size, Smart Building Market Share, Smart Building Market Trends, Smart Building Market Growth, Smart Building Market Forecast, Smart Building Market Analysis

The smart building market is segmented into Component, Solution Type and Building Type.

Segment review

The global smart building industry is segmented into component, solutions type, building type, and region. Depending on the component, the market is divided into solutions and services. Based on solutions type the market is segmented into building infrastructure management (BIM), security & emergency management (SEM), energy management, network management, workforce management, and waste management. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global smart building market is dominated by key players such as ABB, Cisco Systems, Inc., Hitachi, Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Johnson Controls, PTC, and Siemens. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Smart Building Market

Depending on solution type, the security & emergency management (SEM) segment dominated the smart building market share in 2021, and is expected to continue this trend during the forecast period owing to the growth in digital disruption in people's everyday lifestyles contributing to the growth in demand for smart infrastructure solutions, which in turn strengthening the demand for the real time security & emergency management. However, the energy management segment is expected to witness the highest growth in the upcoming years, as the demand for green and sustainable building management solutions is aiding in the growth of the market. Furthermore, numerous government initiatives that support the implementation of smart energy solutions are expected to drive the smart energy market segment.

Smart Building Market

Region wise, the smart building market was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the presence of a highly developed ICT sector and high spending that aid the growth of the smart building market. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to various government initiatives and digital transformation trends within the region, which is expected to fuel the smart building market analysis in this region.

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

COVID-19 impact analysis

With the advent of a global pandemic and various social distancing measures and lockdowns being imposed globally during the period, the majority of individuals that were stuck in their homes, leading to an increased demand for advanced home automation and IoT tools for specialized services such as smart energy management, smart heating, ventilation, and air conditioning (HVAC) control, smart lighting control, among others. According to a study published by the Swedish multinational networking and telecommunications company, Telefonaktiebolaget LM Ericsson in March 2022, stated that consumer devices will account for 63% of all installed IoT equipment in 2020, and the number of mobile IoT connections is predicted to reach 3.5 billion by 2023. Such instances indicate a positive consumer trend towards the adoption of IoT and building automation solutions and thus aiding in the growth of the global smart building industry in the coming years.

Top impacting factors

Need for efficient resource utilization

Smart building management solutions can provide businesses (or residents) with effective resource management tools. For instance, the automated scheduling and monitoring tools enabled by networked sensors allow for greater resource utilization, such as enhanced power management and water use. Moreover, IoT-enabled devices can provide automated control over numerous operational areas, such as inventory management, delivery tracking, fuel management, and replacement parts management. For instance, RFID tags and a network of sensors can be used to track the position of equipment and shipments within the building. Such applications of smart building solutions are promising great growth opportunities for the intelligent building market.

Minimize energy costs and promote sustainability

Maintaining sustainability and minimizing carbon footprint can be challenging for commercial buildings. According to a report published by World Economic Forum in February 2021, non-residential buildings are on average 40% more energy-intensive than residential buildings. Moreover, as per a study conducted by Energy Star, EPA in March 2020, more than 30% of the energy consumed by commercial buildings is wasted. Such instances are highlighting the need for smarter building management solutions, which in turn produces some great opportunities for the growth of smart building solutions. Furthermore, many governments have stringent rules for construction companies to ensure that buildings use suitable energy-saving measures and have effective resource management systems in place. Such regulations further promote smart building market growth.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global smart building market forecast along with current & future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on global smart building trend is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2021 to 2031 is provided to determine the market potential.

 Smart Building Market Report Highlights

Aspects Details
By Component
  • Solution
  • Service
By Solution Type
  • Building Infrastructure Management
  • Security and Emergency Management
  • Energy Management
  • Network Management
  • Workforce Management
  • Waste Management
By Building Type
  • Residential
  • Commercial
  • Industrial
By Region
  • North America  (U.S., Canada)
  • Europe  (U.K., Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (India, Japan, China, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ABB, Intel Corporation, Cisco Systems, Inc., Honeywell International Inc., Siemens AG, Johnson Controls, Huawei Technologies Co., Ltd., Hitachi, Ltd., Ptc Inc, IBM Corporation
 

  • CHAPTER 1:INTRODUCTION

    • 1.1.Report description

    • 1.2.Key market segments

    • 1.3.Key benefits to the stakeholders

    • 1.4.Research Methodology

      • 1.4.1.Secondary research

      • 1.4.2.Primary research

      • 1.4.3.Analyst tools and models

  • CHAPTER 2:EXECUTIVE SUMMARY

    • 2.1.Key findings of the study

    • 2.2.CXO Perspective

  • CHAPTER 3:MARKET OVERVIEW

    • 3.1.Market definition and scope

    • 3.2.Key findings

      • 3.2.1.Top investment pockets

    • 3.3.Porter’s five forces analysis

    • 3.4.Top player positioning

    • 3.5.Market dynamics

      • 3.5.1.Drivers

      • 3.5.2.Restraints

      • 3.5.3.Opportunities

    • 3.6.COVID-19 Impact Analysis on the market

  • CHAPTER 4: SMART BUILDING MARKET, BY COMPONENT

    • 4.1 Overview

      • 4.1.1 Market size and forecast

    • 4.2 Solution

      • 4.2.1 Key market trends, growth factors and opportunities

      • 4.2.2 Market size and forecast, by region

      • 4.2.3 Market analysis by country

    • 4.3 Service

      • 4.3.1 Key market trends, growth factors and opportunities

      • 4.3.2 Market size and forecast, by region

      • 4.3.3 Market analysis by country

  • CHAPTER 5: SMART BUILDING MARKET, BY SOLUTION TYPE

    • 5.1 Overview

      • 5.1.1 Market size and forecast

    • 5.2 Building Infrastructure Management

      • 5.2.1 Key market trends, growth factors and opportunities

      • 5.2.2 Market size and forecast, by region

      • 5.2.3 Market analysis by country

    • 5.3 Security and Emergency Management

      • 5.3.1 Key market trends, growth factors and opportunities

      • 5.3.2 Market size and forecast, by region

      • 5.3.3 Market analysis by country

    • 5.4 Energy Management

      • 5.4.1 Key market trends, growth factors and opportunities

      • 5.4.2 Market size and forecast, by region

      • 5.4.3 Market analysis by country

    • 5.5 Network Management

      • 5.5.1 Key market trends, growth factors and opportunities

      • 5.5.2 Market size and forecast, by region

      • 5.5.3 Market analysis by country

    • 5.6 Workforce Management

      • 5.6.1 Key market trends, growth factors and opportunities

      • 5.6.2 Market size and forecast, by region

      • 5.6.3 Market analysis by country

    • 5.7 Waste Management

      • 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: SMART BUILDING MARKET, BY BUILDING TYPE

    • 6.1 Overview

      • 6.1.1 Market size and forecast

    • 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: SMART BUILDING MARKET, BY REGION

    • 7.1 Overview

      • 7.1.1 Market size and forecast

    • 7.2 North America

      • 7.2.1 Key trends and opportunities

      • 7.2.2 North America Market size and forecast, by Component

      • 7.2.3 North America Market size and forecast, by Solution Type

      • 7.2.4 North America Market size and forecast, by Building Type

      • 7.2.5 North America Market size and forecast, by country

        • 7.2.5.1 U.S.
          • 7.2.5.1.1 Market size and forecast, by Component
          • 7.2.5.1.2 Market size and forecast, by Solution Type
          • 7.2.5.1.3 Market size and forecast, by Building Type
        • 7.2.5.2 Canada
          • 7.2.5.2.1 Market size and forecast, by Component
          • 7.2.5.2.2 Market size and forecast, by Solution Type
          • 7.2.5.2.3 Market size and forecast, by Building Type

    • 7.3 Europe

      • 7.3.1 Key trends and opportunities

      • 7.3.2 Europe Market size and forecast, by Component

      • 7.3.3 Europe Market size and forecast, by Solution Type

      • 7.3.4 Europe Market size and forecast, by Building Type

      • 7.3.5 Europe Market size and forecast, by country

        • 7.3.5.1 U.K.
          • 7.3.5.1.1 Market size and forecast, by Component
          • 7.3.5.1.2 Market size and forecast, by Solution Type
          • 7.3.5.1.3 Market size and forecast, by Building Type
        • 7.3.5.2 Germany
          • 7.3.5.2.1 Market size and forecast, by Component
          • 7.3.5.2.2 Market size and forecast, by Solution Type
          • 7.3.5.2.3 Market size and forecast, by Building Type
        • 7.3.5.3 France
          • 7.3.5.3.1 Market size and forecast, by Component
          • 7.3.5.3.2 Market size and forecast, by Solution Type
          • 7.3.5.3.3 Market size and forecast, by Building Type
        • 7.3.5.4 Italy
          • 7.3.5.4.1 Market size and forecast, by Component
          • 7.3.5.4.2 Market size and forecast, by Solution Type
          • 7.3.5.4.3 Market size and forecast, by Building Type
        • 7.3.5.5 Spain
          • 7.3.5.5.1 Market size and forecast, by Component
          • 7.3.5.5.2 Market size and forecast, by Solution Type
          • 7.3.5.5.3 Market size and forecast, by Building Type
        • 7.3.5.6 Rest of Europe
          • 7.3.5.6.1 Market size and forecast, by Component
          • 7.3.5.6.2 Market size and forecast, by Solution Type
          • 7.3.5.6.3 Market size and forecast, by Building Type

    • 7.4 Asia-Pacific

      • 7.4.1 Key trends and opportunities

      • 7.4.2 Asia-Pacific Market size and forecast, by Component

      • 7.4.3 Asia-Pacific Market size and forecast, by Solution Type

      • 7.4.4 Asia-Pacific Market size and forecast, by Building Type

      • 7.4.5 Asia-Pacific Market size and forecast, by country

        • 7.4.5.1 China
          • 7.4.5.1.1 Market size and forecast, by Component
          • 7.4.5.1.2 Market size and forecast, by Solution Type
          • 7.4.5.1.3 Market size and forecast, by Building Type
        • 7.4.5.2 India
          • 7.4.5.2.1 Market size and forecast, by Component
          • 7.4.5.2.2 Market size and forecast, by Solution Type
          • 7.4.5.2.3 Market size and forecast, by Building Type
        • 7.4.5.3 Japan
          • 7.4.5.3.1 Market size and forecast, by Component
          • 7.4.5.3.2 Market size and forecast, by Solution Type
          • 7.4.5.3.3 Market size and forecast, by Building Type
        • 7.4.5.4 South Korea
          • 7.4.5.4.1 Market size and forecast, by Component
          • 7.4.5.4.2 Market size and forecast, by Solution Type
          • 7.4.5.4.3 Market size and forecast, by Building Type
        • 7.4.5.5 Australia
          • 7.4.5.5.1 Market size and forecast, by Component
          • 7.4.5.5.2 Market size and forecast, by Solution Type
          • 7.4.5.5.3 Market size and forecast, by Building Type
        • 7.4.5.6 Rest of Asia-Pacific
          • 7.4.5.6.1 Market size and forecast, by Component
          • 7.4.5.6.2 Market size and forecast, by Solution Type
          • 7.4.5.6.3 Market size and forecast, by Building Type

    • 7.5 LAMEA

      • 7.5.1 Key trends and opportunities

      • 7.5.2 LAMEA Market size and forecast, by Component

      • 7.5.3 LAMEA Market size and forecast, by Solution Type

      • 7.5.4 LAMEA Market size and forecast, by Building Type

      • 7.5.5 LAMEA Market size and forecast, by country

        • 7.5.5.1 Latin America
          • 7.5.5.1.1 Market size and forecast, by Component
          • 7.5.5.1.2 Market size and forecast, by Solution Type
          • 7.5.5.1.3 Market size and forecast, by Building Type
        • 7.5.5.2 Middle East
          • 7.5.5.2.1 Market size and forecast, by Component
          • 7.5.5.2.2 Market size and forecast, by Solution Type
          • 7.5.5.2.3 Market size and forecast, by Building Type
        • 7.5.5.3 Africa
          • 7.5.5.3.1 Market size and forecast, by Component
          • 7.5.5.3.2 Market size and forecast, by Solution Type
          • 7.5.5.3.3 Market size and forecast, by Building Type

  • CHAPTER 8: COMPANY LANDSCAPE

    • 8.1. Introduction

    • 8.2. Top winning strategies

    • 8.3. Product Mapping of Top 10 Player

    • 8.4. Competitive Dashboard

    • 8.5. Competitive Heatmap

    • 8.6. Key developments

  • CHAPTER 9: COMPANY PROFILES

    • 9.1 ABB

      • 9.1.1 Company overview

      • 9.1.2 Company snapshot

      • 9.1.3 Operating business segments

      • 9.1.4 Product portfolio

      • 9.1.5 Business performance

      • 9.1.6 Key strategic moves and developments

    • 9.2 Cisco Systems, Inc.

      • 9.2.1 Company overview

      • 9.2.2 Company snapshot

      • 9.2.3 Operating business segments

      • 9.2.4 Product portfolio

      • 9.2.5 Business performance

      • 9.2.6 Key strategic moves and developments

    • 9.3 Hitachi, Ltd.

      • 9.3.1 Company overview

      • 9.3.2 Company snapshot

      • 9.3.3 Operating business segments

      • 9.3.4 Product portfolio

      • 9.3.5 Business performance

      • 9.3.6 Key strategic moves and developments

    • 9.4 Honeywell International Inc.

      • 9.4.1 Company overview

      • 9.4.2 Company snapshot

      • 9.4.3 Operating business segments

      • 9.4.4 Product portfolio

      • 9.4.5 Business performance

      • 9.4.6 Key strategic moves and developments

    • 9.5 Huawei Technologies Co., Ltd.

      • 9.5.1 Company overview

      • 9.5.2 Company snapshot

      • 9.5.3 Operating business segments

      • 9.5.4 Product portfolio

      • 9.5.5 Business performance

      • 9.5.6 Key strategic moves and developments

    • 9.6 IBM Corporation

      • 9.6.1 Company overview

      • 9.6.2 Company snapshot

      • 9.6.3 Operating business segments

      • 9.6.4 Product portfolio

      • 9.6.5 Business performance

      • 9.6.6 Key strategic moves and developments

    • 9.7 Intel Corporation

      • 9.7.1 Company overview

      • 9.7.2 Company snapshot

      • 9.7.3 Operating business segments

      • 9.7.4 Product portfolio

      • 9.7.5 Business performance

      • 9.7.6 Key strategic moves and developments

    • 9.8 Johnson Controls

      • 9.8.1 Company overview

      • 9.8.2 Company snapshot

      • 9.8.3 Operating business segments

      • 9.8.4 Product portfolio

      • 9.8.5 Business performance

      • 9.8.6 Key strategic moves and developments

    • 9.9 Ptc Inc

      • 9.9.1 Company overview

      • 9.9.2 Company snapshot

      • 9.9.3 Operating business segments

      • 9.9.4 Product portfolio

      • 9.9.5 Business performance

      • 9.9.6 Key strategic moves and developments

    • 9.10 Siemens AG

      • 9.10.1 Company overview

      • 9.10.2 Company snapshot

      • 9.10.3 Operating business segments

      • 9.10.4 Product portfolio

      • 9.10.5 Business performance

      • 9.10.6 Key strategic moves and developments

  • LIST OF TABLES

  • TABLE 1. GLOBAL SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 2. SMART BUILDING MARKET REVENUE, FOR SOLUTION, BY REGION , 2021-2031,($BILLION)
    TABLE 3. SMART BUILDING MARKET FOR SOLUTION BY COUNTRY, 2021-2031,($BILLION)
    TABLE 4. SMART BUILDING MARKET REVENUE, FOR SERVICE, BY REGION , 2021-2031,($BILLION)
    TABLE 5. SMART BUILDING MARKET FOR SERVICE BY COUNTRY, 2021-2031,($BILLION)
    TABLE 6. GLOBAL SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 7. SMART BUILDING MARKET REVENUE, FOR BUILDING INFRASTRUCTURE MANAGEMENT, BY REGION , 2021-2031,($BILLION)
    TABLE 8. SMART BUILDING MARKET FOR BUILDING INFRASTRUCTURE MANAGEMENT BY COUNTRY, 2021-2031,($BILLION)
    TABLE 9. SMART BUILDING MARKET REVENUE, FOR SECURITY AND EMERGENCY MANAGEMENT, BY REGION , 2021-2031,($BILLION)
    TABLE 10. SMART BUILDING MARKET FOR SECURITY AND EMERGENCY MANAGEMENT BY COUNTRY, 2021-2031,($BILLION)
    TABLE 11. SMART BUILDING MARKET REVENUE, FOR ENERGY MANAGEMENT, BY REGION , 2021-2031,($BILLION)
    TABLE 12. SMART BUILDING MARKET FOR ENERGY MANAGEMENT BY COUNTRY, 2021-2031,($BILLION)
    TABLE 13. SMART BUILDING MARKET REVENUE, FOR NETWORK MANAGEMENT, BY REGION , 2021-2031,($BILLION)
    TABLE 14. SMART BUILDING MARKET FOR NETWORK MANAGEMENT BY COUNTRY, 2021-2031,($BILLION)
    TABLE 15. SMART BUILDING MARKET REVENUE, FOR WORKFORCE MANAGEMENT, BY REGION , 2021-2031,($BILLION)
    TABLE 16. SMART BUILDING MARKET FOR WORKFORCE MANAGEMENT BY COUNTRY, 2021-2031,($BILLION)
    TABLE 17. SMART BUILDING MARKET REVENUE, FOR WASTE MANAGEMENT, BY REGION , 2021-2031,($BILLION)
    TABLE 18. SMART BUILDING MARKET FOR WASTE MANAGEMENT BY COUNTRY, 2021-2031,($BILLION)
    TABLE 19. GLOBAL SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 20. SMART BUILDING MARKET REVENUE, FOR RESIDENTIAL, BY REGION , 2021-2031,($BILLION)
    TABLE 21. SMART BUILDING MARKET FOR RESIDENTIAL BY COUNTRY, 2021-2031,($BILLION)
    TABLE 22. SMART BUILDING MARKET REVENUE, FOR COMMERCIAL, BY REGION , 2021-2031,($BILLION)
    TABLE 23. SMART BUILDING MARKET FOR COMMERCIAL BY COUNTRY, 2021-2031,($BILLION)
    TABLE 24. SMART BUILDING MARKET REVENUE, FOR INDUSTRIAL, BY REGION , 2021-2031,($BILLION)
    TABLE 25. SMART BUILDING MARKET FOR INDUSTRIAL BY COUNTRY, 2021-2031,($BILLION)
    TABLE 26. SMART BUILDING MARKET, BY REGION, 2021-2031,($BILLION)
    TABLE 27. NORTH AMERICA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 28. NORTH AMERICA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 29. NORTH AMERICA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 30. NORTH AMERICA SMART BUILDING MARKET, BY COUNTRY, 2021-2031,($BILLION)
    TABLE 31. U.S. SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 32. U.S. SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 33. U.S. SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 34. CANADA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 35. CANADA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 36. CANADA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 37. EUROPE SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 38. EUROPE SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 39. EUROPE SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 40. EUROPE SMART BUILDING MARKET, BY COUNTRY, 2021-2031,($BILLION)
    TABLE 41. U.K. SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 42. U.K. SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 43. U.K. SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 44. GERMANY SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 45. GERMANY SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 46. GERMANY SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 47. FRANCE SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 48. FRANCE SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 49. FRANCE SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 50. ITALY SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 51. ITALY SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 52. ITALY SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 53. SPAIN SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 54. SPAIN SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 55. SPAIN SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 56. REST OF EUROPE SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 57. REST OF EUROPE SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 58. REST OF EUROPE SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 59. ASIA-PACIFIC SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 60. ASIA-PACIFIC SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 61. ASIA-PACIFIC SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 62. ASIA-PACIFIC SMART BUILDING MARKET, BY COUNTRY, 2021-2031,($BILLION)
    TABLE 63. CHINA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 64. CHINA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 65. CHINA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 66. INDIA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 67. INDIA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 68. INDIA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 69. JAPAN SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 70. JAPAN SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 71. JAPAN SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 72. SOUTH KOREA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 73. SOUTH KOREA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 74. SOUTH KOREA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 75. AUSTRALIA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 76. AUSTRALIA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 77. AUSTRALIA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 78. REST OF ASIA-PACIFIC SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 79. REST OF ASIA-PACIFIC SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 80. REST OF ASIA-PACIFIC SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 81. LAMEA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 82. LAMEA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 83. LAMEA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 84. LAMEA SMART BUILDING MARKET, BY COUNTRY, 2021-2031,($BILLION)
    TABLE 85. LATIN AMERICA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 86. LATIN AMERICA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 87. LATIN AMERICA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 88. MIDDLE EAST SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 89. MIDDLE EAST SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 90. MIDDLE EAST SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 91. AFRICA SMART BUILDING MARKET, BY COMPONENT, 2021-2031,($BILLION)
    TABLE 92. AFRICA SMART BUILDING MARKET, BY SOLUTION TYPE, 2021-2031,($BILLION)
    TABLE 93. AFRICA SMART BUILDING MARKET, BY BUILDING TYPE, 2021-2031,($BILLION)
    TABLE 94.ABB: COMPANY SNAPSHOT
    TABLE 95.ABB: OPERATING SEGMENTS
    TABLE 96.ABB: PRODUCT PORTFOLIO
    TABLE 97.ABB: NET SALES,
    TABLE 98.ABB: KEY STRATERGIES
    TABLE 99.CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
    TABLE 100.CISCO SYSTEMS, INC.: OPERATING SEGMENTS
    TABLE 101.CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
    TABLE 102.CISCO SYSTEMS, INC.: NET SALES,
    TABLE 103.CISCO SYSTEMS, INC.: KEY STRATERGIES
    TABLE 104.HITACHI, LTD.: COMPANY SNAPSHOT
    TABLE 105.HITACHI, LTD.: OPERATING SEGMENTS
    TABLE 106.HITACHI, LTD.: PRODUCT PORTFOLIO
    TABLE 107.HITACHI, LTD.: NET SALES,
    TABLE 108.HITACHI, LTD.: KEY STRATERGIES
    TABLE 109.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
    TABLE 110.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
    TABLE 111.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
    TABLE 112.HONEYWELL INTERNATIONAL INC.: NET SALES,
    TABLE 113.HONEYWELL INTERNATIONAL INC.: KEY STRATERGIES
    TABLE 114.HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
    TABLE 115.HUAWEI TECHNOLOGIES CO., LTD.: OPERATING SEGMENTS
    TABLE 116.HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT PORTFOLIO
    TABLE 117.HUAWEI TECHNOLOGIES CO., LTD.: NET SALES,
    TABLE 118.HUAWEI TECHNOLOGIES CO., LTD.: KEY STRATERGIES
    TABLE 119.IBM CORPORATION: COMPANY SNAPSHOT
    TABLE 120.IBM CORPORATION: OPERATING SEGMENTS
    TABLE 121.IBM CORPORATION: PRODUCT PORTFOLIO
    TABLE 122.IBM CORPORATION: NET SALES,
    TABLE 123.IBM CORPORATION: KEY STRATERGIES
    TABLE 124.INTEL CORPORATION: COMPANY SNAPSHOT
    TABLE 125.INTEL CORPORATION: OPERATING SEGMENTS
    TABLE 126.INTEL CORPORATION: PRODUCT PORTFOLIO
    TABLE 127.INTEL CORPORATION: NET SALES,
    TABLE 128.INTEL CORPORATION: KEY STRATERGIES
    TABLE 129.JOHNSON CONTROLS: COMPANY SNAPSHOT
    TABLE 130.JOHNSON CONTROLS: OPERATING SEGMENTS
    TABLE 131.JOHNSON CONTROLS: PRODUCT PORTFOLIO
    TABLE 132.JOHNSON CONTROLS: NET SALES,
    TABLE 133.JOHNSON CONTROLS: KEY STRATERGIES
    TABLE 134.PTC INC: COMPANY SNAPSHOT
    TABLE 135.PTC INC: OPERATING SEGMENTS
    TABLE 136.PTC INC: PRODUCT PORTFOLIO
    TABLE 137.PTC INC: NET SALES,
    TABLE 138.PTC INC: KEY STRATERGIES
    TABLE 139.SIEMENS AG: COMPANY SNAPSHOT
    TABLE 140.SIEMENS AG: OPERATING SEGMENTS
    TABLE 141.SIEMENS AG: PRODUCT PORTFOLIO
    TABLE 142.SIEMENS AG: NET SALES,
    TABLE 143.SIEMENS AG: KEY STRATERGIES

  • LIST OF FIGURES

  • FIGURE 1.SMART BUILDING MARKET SEGMENTATION
    FIGURE 2.SMART BUILDING MARKET,2021-2031
    FIGURE 3.SMART BUILDING MARKET,2021-2031
    FIGURE 4. TOP INVESTMENT POCKETS, BY REGION
    FIGURE 5.PORTER FIVE-1
    FIGURE 6.PORTER FIVE-2
    FIGURE 7.PORTER FIVE-3
    FIGURE 8.PORTER FIVE-4
    FIGURE 9.PORTER FIVE-5
    FIGURE 10.TOP PLAYER POSITIONING
    FIGURE 11.SMART BUILDING MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
    FIGURE 12.SMART BUILDING MARKET,BY COMPONENT,2021(%)
    FIGURE 13.COMPARATIVE SHARE ANALYSIS OF SOLUTION SMART BUILDING MARKET,2021-2031(%)
    FIGURE 14.COMPARATIVE SHARE ANALYSIS OF SERVICE SMART BUILDING MARKET,2021-2031(%)
    FIGURE 15.SMART BUILDING MARKET,BY SOLUTION TYPE,2021(%)
    FIGURE 16.COMPARATIVE SHARE ANALYSIS OF BUILDING INFRASTRUCTURE MANAGEMENT SMART BUILDING MARKET,2021-2031(%)
    FIGURE 17.COMPARATIVE SHARE ANALYSIS OF SECURITY AND EMERGENCY MANAGEMENT SMART BUILDING MARKET,2021-2031(%)
    FIGURE 18.COMPARATIVE SHARE ANALYSIS OF ENERGY MANAGEMENT SMART BUILDING MARKET,2021-2031(%)
    FIGURE 19.COMPARATIVE SHARE ANALYSIS OF NETWORK MANAGEMENT SMART BUILDING MARKET,2021-2031(%)
    FIGURE 20.COMPARATIVE SHARE ANALYSIS OF WORKFORCE MANAGEMENT SMART BUILDING MARKET,2021-2031(%)
    FIGURE 21.COMPARATIVE SHARE ANALYSIS OF WASTE MANAGEMENT SMART BUILDING MARKET,2021-2031(%)
    FIGURE 22.SMART BUILDING MARKET,BY BUILDING TYPE,2021(%)
    FIGURE 23.COMPARATIVE SHARE ANALYSIS OF RESIDENTIAL SMART BUILDING MARKET,2021-2031(%)
    FIGURE 24.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL SMART BUILDING MARKET,2021-2031(%)
    FIGURE 25.COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL SMART BUILDING MARKET,2021-2031(%)
    FIGURE 26.SMART BUILDING MARKET BY REGION,2021
    FIGURE 27.U.S. SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 28.CANADA SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 29.U.K. SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 30.GERMANY SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 31.FRANCE SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 32.ITALY SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 33.SPAIN SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 34.REST OF EUROPE SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 35.CHINA SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 36.INDIA SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 37.JAPAN SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 38.SOUTH KOREA SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 39.AUSTRALIA SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 40.REST OF ASIA-PACIFIC SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 41.LATIN AMERICA SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 42.MIDDLE EAST SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 43.AFRICA SMART BUILDING MARKET,2021-2031($BILLION)
    FIGURE 44. TOP WINNING STRATEGIES, BY YEAR
    FIGURE 45. TOP WINNING STRATEGIES, BY DEVELOPMENT
    FIGURE 46. TOP WINNING STRATEGIES, BY COMPANY
    FIGURE 47.PRODUCT MAPPING OF TOP 10 PLAYERS
    FIGURE 48.COMPETITIVE DASHBOARD
    FIGURE 49.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
    FIGURE 50.ABB.: NET SALES ,($BILLION)
    FIGURE 51.CISCO SYSTEMS, INC..: NET SALES ,($BILLION)
    FIGURE 52.HITACHI, LTD..: NET SALES ,($BILLION)
    FIGURE 53.HONEYWELL INTERNATIONAL INC..: NET SALES ,($BILLION)
    FIGURE 54.HUAWEI TECHNOLOGIES CO., LTD..: NET SALES ,($BILLION)
    FIGURE 55.IBM CORPORATION.: NET SALES ,($BILLION)
    FIGURE 56.INTEL CORPORATION.: NET SALES ,($BILLION)
    FIGURE 57.JOHNSON CONTROLS.: NET SALES ,($BILLION)
    FIGURE 58.PTC INC.: NET SALES ,($BILLION)
    FIGURE 59.SIEMENS AG.: NET SALES ,($BILLION)

 
 

The demand for smart buildings has grown over the past few decades as smart buildings can help provide actionable information about a building (or a specific area inside the building), allowing owners or occupants to better manage the facilities of the building. The main purpose of developing a smart building is to save operating costs, increase occupant comfort, automate energy consumption management, track the state of critical building assets, and satisfy industry worldwide standards and sustainability requirements. Such feature sets of the smart building are promoting the growth of the global smart building market.

Key providers in the smart building market are PTC, Huawei Technologies Co., Ltd., and Hitachi, Ltd. With the growth in demand for smart building, various companies have established partnerships to increase their smart city solutions offerings. For instance, in April 2022, ABB announced a joint partnership with South Korean electronics manufacturer, Samsung Electronics Co., Ltd. to develop energy savings, energy management solutions, and smart Internet of Things (IoT) solutions for both residential and commercial buildings.

In addition, with the surge in demand for smart buildings, various companies have expanded their current services to continue with the rise in demand for smart city solutions. For instance, in May 2022, American multinational technology conglomerate, Cisco Systems, Inc., announced the launch of its Cisco Cloud Controls Framework (CCF) to make sure Cisco’s cloud and IoT products & services meet security and privacy requirements with a simplified, rationalized, compliance, and risk management strategy, enabling efficient utilization of resources.

Moreover, many market players have expanded their business operations and customer base by increasing their acquisitions. For instance, in January 2021, American computer software and services company, PTC Inc., announced the acquisition of software as a service (SaaS) and product life cycle management (PLM) solutions vendor, Arena solutions. With this acquisition, PTC aims to strengthen its IoT and smart solution offerings.

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FREQUENTLY ASKED QUESTIONS?

A. The surge in the adoption of smart buildings in multiple regions is driven by the growing need for better utilization of the building (and building premises) and the need for better resource management in urban environments. In addition, the growth in the need for public safety and security is fueling the growth of the smart building market.

A. Region wise, the smart building market was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to the presence of a highly developed ICT sector and high spending that aid the growth of the smart building market.

A. The global smart building market size was valued at $69.80 billion in 2021, and is projected to reach $201.16 billion by 2030, growing at a CAGR of 11.3% from 2022 to 2031.

A. The global smart building market is dominated by key players such as ABB, Cisco Systems, Inc., Hitachi, Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Johnson Controls, PTC, and Siemens. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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