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A00682 | Pages: 283 | Charts: 86 | Tables: 144 |
The global smart building market size was valued at USD 78.28 billion in 2022, and is projected to reach USD 247.17 billion by 2032, growing at a CAGR of 12.3% from 2023 to 2032.
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 improved 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. Furthermore, the development of 5G networks provides enhanced connectivity, allowing for faster and more reliable communication between devices in smart buildings, further supports in market expansion. In addition, the governments support in investments for energy-efficient upgrades are motivating developers and property owners to incorporate smart technologies into their buildings, driving the global smart buildings market size in the upcoming years.
For instance, smart building solutions can monitor indoor air quality (IAQ), and inform habitants and alerts building operators about the same. Higher indoor air quality is directly associated with health and well-being of building’s habitants. 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. Energy efficiency measures such as the use of smart building solutions can mitigate this increase by atleast around 20%.
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.
However, security concerns associated with intelligent building and lack of funding & adequate infrastructure limit the growth of this market. Where there is data, there are risks of cyber security and data privacy threats. This causes building managers and businesses to limit their plans for expanding their IoT and data analytics investments for residential and non-residential buildings, as they have to take serious consideration for users’ data and privacy. Such factors limit the smart building market research.
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 building market during the forecast period. Internet of things (IoT) is one of the most important technologies used in smart building market. It connects multiple devices through a common Internet Protocol (IP) platform to exchange and analyze information. This has led to its numerous applications in smart building market such as smart HVAC (heating, ventilation and air conditioning) and smart lighting to enhance guest and employee experience, smart restrooms which schedule cleaning crews after a set number of visitors have passed through, and smart soap and smart paper towel dispensers which digitally alert cleaning crews when their levels are running low, or even restock on their own.
The ongoing healthcare revolution has led to the increase in the demand for smart healthcare facilities that optimize patient care and operational efficiency. Hospitals and clinics are adopting smart building technologies to enhance patient experience, improve energy efficiency, and streamline operations, creating remunerative smart building market opportunity for tailored smart building solutions in the healthcare sector. Furthermore, the demand for retrofitting older buildings with smart technologies is increasing as businesses seek to enhance energy efficiency and sustainability. Many are modernizing their infrastructure to meet new energy standards and provide tech-driven experiences. This trend presents a lucrative opportunity for companies to offer affordable and efficient solutions for older buildings. Moreover, Governments across the globe are increasingly offering incentives and regulatory structures to promote the use of smart technologies in construction. This encompasses tax incentives, grants, and various other benefits for implementing energy-efficient and sustainable building practices. Businesses can leverage these opportunities to provide products and services that assist developers and organizations in meeting regulatory standards while capitalizing on available advantages.
One of the prominent trends in the smart building industry is the surge in implementation of energy management systems (EMS) to enhance energy efficiency within structures. These systems utilize advanced sensors, IoT devices, and data analysis to monitor and control energy usage in real-time, promoting more efficient resource utilization. By employing smart technologies, buildings can automatically adjust heating, cooling, lighting, and other energy-consuming functions based on occupancy patterns and external factors such as weather, helping to reduce energy consumption and improves sustainability. In addition, the emergence of smart building technologies is significantly influencing the market. These technologies aim to enhance building management via automation, allowing for the smooth integration of multiple systems like security, lighting, HVAC, and others. Leveraging AI-based analytics, these systems can forecast and respond to varying conditions, thereby minimizing energy usage and boosting overall operational efficiency.
For instance, in February 2025, Johnson Controls participated as the Building Technology Partner at ACREX India 2025, showcasing its advanced HVAC&R technologies. The company focused on data centers, mid-market industrial, and commercial markets. With over three decades in India, Johnson Controls aimed to help businesses reduce costs, improve productivity, and meet sustainability targets. It emphasized on the importance of smart, high-performance technologies for India's transformative infrastructure growth and net-zero ambitions.
Another notable trend the market is expected to witness is the increase in investment in smart technologies by building owners and managers, that enable real-time energy monitoring, predictive maintenance, and automated optimization. These trends are driving the demand for smart buildings, as they offer substantial cost savings, improved environmental performance, and enhanced occupant comfort, positioning intelligent building solutions as a key focus for the future of the industry. In addition, the upsurge of smart-sized buildings is gaining traction in the smart building market, where buildings are designed to optimize space usage while incorporating advanced technologies that enhance operational efficiency. These buildings are often more adaptable and flexible, accommodating the growing demand for efficient use of space in urban environments.
Depending on component, the smart building market is divided into solutions and services. The solution segment is estimated to have gained the largest market share in 2022, while services segment is likely to grow at the fastest rate during the forecast period. Smart building solutions use IoT technology, which enable efficient and economical use of resources, such as IoT sensors, analytics software, a user interface, and a means of connectivity. This helps create a safe and comfortable environment for end users. In addition, it uses a range of technology, such as sensors and actuators, to gather activity data on various aspects within the building, which helps analyze and utilize operation more efficiently.
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. The security & emergency management (SEM) segment dominated the smart building market share in 2022, and is expected to have among the top market shares 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 strengthens the demand for real time security & emergency management.
[SOLUTIONTYPEGRAPH]
The demand for SEM in smart building is increasing owing to intelligent evacuation systems that combines Internet of things (IoT), fog layer, and cloud layer. The IoT technologies are used to capture environmental information and the location of occupants to track their movements and automatically count those who have reached the designated muster, or gathering point. On the other hand, the workforce 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 smart building market growth.
In terms of building type, the smart building market is segmented into residential, commercial and industrial segments. The intelligent building market was led by commercial buildings in 2022 and this trend is expected to continue during the forecast period. Meanwhile, the residential segment is expected to expand at the fastest rate during the forecast period. Infact, the 3 most popular characteristics of smart residential buildings are cloud-based software, smart amenities, and property management technologies (PMS). Different cloud-based devices can be integrated such as an apartment intercom system, building directory or CRM, communication tools such as Slack. PMS can automate many tasks such as collecting rent and managing resident maintenance requests. Examples of smart amenities include smart lights, smart locks, voice-controlled appliances, and smart thermostats.
For instance, in September 2024, Huawei signed an agreement with Talaat Moustafa Group (TMG) to develop AI-powered cloud technology for the "NOOR City" project, marking the first such partnership in Egypt. TMG leveraged Huawei's cloud technologies to build data centers and AI solutions, enhancing smart city development. The "NOOR Cloud" platform aimed to provide comprehensive cloud services to the Egyptian market. This collaboration was expected to drive economic growth and innovation in various industries.
[BUILDINGTYPEGRAPH]
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The smart building market was dominated by North America in 2022 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 intelligent building market analysis in this region.
For instance, in December 2024, LG CNS partnered with SomeraRoad and Mastern America to enter the U.S. DX technology sector for buildings. They collaborated on smart real estate initiatives, incorporating AI, IoT, and automation to enhance building management and user experiences. LG CNS used its 'Cityhub Building' platform to transform various properties into smart buildings, offering services like mobile access cards with blockchain-based security and a Content Management System for digital signage. The initiative focused on projects in Kansas City, Nashville, and other locations.
[REGIONGRAPH]
Increasing demand for smart building solutions significantly across various countries of Asia-Pacific, as it is an emerging market and is expected to occupy a significant smart building market share owing to the rise in Internet penetration, increase in usage of cloud-based services among small and medium-sized businesses, and government initiatives promoting digitization and smart city development. Furthermore, the advent of high-speed networking technologies has been a key driving force in the smart building industry.
For instance, in September 2024, Hitachi and Hitachi Building Systems launched its new model of BuilMirai building IoT solution for small and medium-sized buildings. These solutions, part of the Lumada platform, aim to improve building management efficiency, operational quality, and user comfort. Starting November 2024, Hitachi Building Systems offered three smartphone-accessible solutions for security, facility monitoring, and security camera imagery via monthly subscriptions. They plan to expand these solutions globally in collaboration with GlobalLogic Inc. to strengthen their green and smart building business.
The high rate of adoption of smart buildings is driven by the increase in need of better utilization of the building as well as the requirement to better utilize resources in urban environments. Separately, the need for public security and safety also leads to the growth of intelligent building market. On the other hand, data security concerns associated with smart buildings hold back the market, apart from a paucity of funding and adequate infrastructure. Meanwhile, the ability to increasingly use artificial intelligence in smart buildings and the rise in IoT applications in smart buildings market are expected to provide many opportunities for expansion of smart building market during the forecast period.
The smart building market is fairly competitive, owing to the strong presence of existing vendors. Market vendors are expected to gain a competitive advantage over their competitors because they can cater to market demands with a wide range of products. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies are adopted by key vendors.
For instance, in September 2024, UnaBiz, a leading IoT service provider, announced three new smart building solutions at BEX Asia 2024. These solutions aimed to automate monitoring, optimize operations, and help building owners achieve sustainability goals by reducing waste and enhancing efficiency. The lineup included UnaBiz’s FCU monitoring solution and two new offerings from Milesight: advanced energy monitoring and occupancy monitoring solutions.
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.
In May 2022, Siemens deployed AI integrated data center management software at the largest and most energy efficient data center in the Baltic region. The building management software (BMS), the energy and power management software (EPMS), and the White Space Cooling Optimization (WSCO) help Greenergy Data Centers to lower energy usage, ensure thermal protection, and manage reliable operation of the critical infrastructure.
In May 2023, Siemens Smart Infrastructure launched Connect Box, an open and easy-to-use IoT solution designed to manage small to medium-sized buildings. The latest addition to the Siemens Xcelerator portfolio, Connect Box is a user-friendly approach for monitoring building performance, with the potential to optimize energy efficiency by up to 30% and to substantially improve indoor air quality in small to medium sized buildings such as schools, retail shops, apartments or small offices.
In May 2022, IBM released the latest “AI adoption for business study and society standards”. The adoption and acceptance of AI is to enhance productivity and solve challenges with greater social and environmental impact and help companies address labor and skills shortage by automating repetitive tasks.
Many countries have initiated programs to improve the efficiency and sustainability of building operations. These efforts are focused on optimizing energy consumption, lowering operational expenses, and improving the overall performance of smart buildings.
Furthermore, governments across the globe are encouraging the use of smart building technologies, including IoT, artificial intelligence (AI), and energy management systems, to enhance energy efficiency, sustainability, and occupant comfort. Significant instances include the application of AI for predictive maintenance, which aids in minimizing downtime and prolonging the longevity of building systems. For instance, in August 2024, The Union Cabinet approved 12 new industrial smart cities across different states with an outlay of Rs 28,602 crore to boost domestic manufacturing. Two cities were planned in Andhra Pradesh and one in Bihar. The government announced the development of 'plug and play' industrial parks in or near 100 cities. The projects aimed to transform India's industrial landscape, create 10 lakh direct and up to 30 lakh indirect jobs, and attract Rs 1.5 lakh crore in investment. They were built on PM GatiShakti principles with 'plug-n-play' and 'walk-to-work' concepts. These cities will feature advanced infrastructure, including smart building solutions, to support sustainable and efficient industrial operations.
Key Market Segments
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.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and 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 Smart building industry/market
3.3.Market Dynamics
3.3.1.Drivers
3.3.1.1.Need to facilitate safer return to office
3.3.1.2.Minimize energy costs and promote sustainability
3.3.1.3.Efficient resource utilization
3.3.2.Restraints
3.3.2.1.User concerns about data privacy
3.3.2.2.Higher installation costs and infrastructure requirements
3.3.3.Opportunities
3.3.3.1.Advancement in field of IoT and its growing awareness
3.4.COVID-19 impact analysis on smart building market
3.4.1.Impact on market size
3.4.2.Change in consumer trends, preferences, and budget impact due to COVID-19
3.4.3.Economic impact
3.4.4.Key player strategies to tackle negative impact in the industry
3.4.5.Opportunity analysis for smart building providers
CHAPTER 4:SMART BUILDING 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 region
4.2.3.Market analysis, by country
4.3.Services
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
5.2.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 & 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
6.2.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, by region
7.2.North America
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by component
7.2.3.Market size and forecast, by Solution type
7.2.4.Market size and forecast, by building type
7.2.5.Market analysis, by country
7.2.5.1.U.S.
7.2.5.1.1.Key market trends, growth factors, and opportunities
7.2.5.1.2.Market size and forecast, by component
7.2.5.1.3.Market size and forecast, by solution type
7.2.5.1.4.Market size and forecast, by building type
7.2.5.2.Canada
7.2.5.2.1.Key market trends, growth factors, and opportunities
7.2.5.2.2.Market size and forecast, by component
7.2.5.2.3.Market size and forecast, by solution type
7.2.5.2.4.Market size and forecast, by building type
7.3.Europe
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by component
7.3.3.Market size and forecast, by solution type
7.3.4.Market size and forecast, by building type
7.3.5.Market analysis, by country
7.3.5.1.UK
7.3.5.1.1.Key market trends, growth factors, and opportunities
7.3.5.1.2.Market size and forecast, by component
7.3.5.1.3.Market size and forecast, by solution type
7.3.5.1.4.Market size and forecast, by building type
7.3.5.2.Germany
7.3.5.2.1.Key market trends, growth factors, and opportunities
7.3.5.2.2.Market size and forecast, by component
7.3.5.2.3.Market size and forecast, by solution type
7.3.5.2.4.Market size and forecast, by building type
7.3.5.3.France
7.3.5.3.1.Key market trends, growth factors, and opportunities
7.3.5.3.2.Market size and forecast, by component
7.3.5.3.3.Market size and forecast, by solution type
7.3.5.3.4.Market size and forecast, by building type
7.3.5.4.Italy
7.3.5.4.1.Key market trends, growth factors, and opportunities
7.3.5.4.2.Market size and forecast, by component
7.3.5.4.3.Market size and forecast, by solution type
7.3.5.4.4.Market size and forecast, by building type
7.3.5.5.Spain
7.3.5.5.1.Key market trends, growth factors, and opportunities
7.3.5.5.2.Market size and forecast, by component
7.3.5.5.3.Market size and forecast, by solution type
7.3.5.5.4.Market size and forecast, by building type
7.3.5.6.Rest of Europe
7.3.5.6.1.Key market trends, growth factors, and opportunities
7.3.5.6.2.Market size and forecast, by component
7.3.5.6.3.Market size and forecast, by solution type
7.3.5.6.4.Market size and forecast, by building type
7.4.Asia Pacific
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by component
7.4.3.Market size and forecast, by solution type160
7.4.4.Market size and forecast, by building type
7.4.5.Market analysis, by country
7.4.5.1.China
7.4.5.1.1.Key market trends, growth factors, and opportunities
7.4.5.1.2.Market size and forecast, by component
7.4.5.1.3.Market size and forecast, by solution type
7.4.5.1.4.Market size and forecast, by building type
7.4.5.2.India
7.4.5.2.1.Key market trends, growth factors, and opportunities
7.4.5.2.2.Market size and forecast, by component
7.4.5.2.3.Market size and forecast, by solution type
7.4.5.2.4.Market size and forecast, by building type
7.4.5.3.Japan
7.4.5.3.1.Key market trends, growth factors, and opportunities
7.4.5.3.2.Market size and forecast, by component
7.4.5.3.3.Market size and forecast, by solution type
7.4.5.3.4.Market size and forecast, by building type
7.4.5.4.South Korea
7.4.5.4.1.Key market trends, growth factors, and opportunities
7.4.5.4.2.Market size and forecast, by component
7.4.5.4.3.Market size and forecast, by solution type
7.4.5.4.4.Market size and forecast, by building type
7.4.5.5.Australia
7.4.5.5.1.Key market trends, growth factors, and opportunities
7.4.5.5.2.Market size and forecast, by component
7.4.5.5.3.Market size and forecast, by solution type
7.4.5.5.4.Market size and forecast, by building type
7.4.5.6.Rest of Asia Pacific
7.4.5.6.1.Key market trends, growth factors, and opportunities
7.4.5.6.2.Market size and forecast, by component
7.4.5.6.3.Market size and forecast, by solution type
7.4.5.6.4.Market size and forecast, by building type
7.5.LAMEA
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by component
7.5.3.Market size and forecast, by solution type
7.5.4.Market size and forecast, by building type
7.5.5.Market analysis, by country
7.5.5.1.Latin America
7.5.5.1.1.Key market trends, growth factors, and opportunities
7.5.5.1.2.Market size and forecast, by component
7.5.5.1.3.Market size and forecast, by solution type
7.5.5.1.4.Market size and forecast, by building type
7.5.5.2.Middle East
7.5.5.2.1.Key market trends, growth factors, and opportunities
7.5.5.2.2.Market size and forecast, by component
7.5.5.2.3.Market size and forecast, by solution type
7.5.5.2.4.Market size and forecast, by building type
7.5.5.3.Africa
7.5.5.3.1.Key market trends, growth factors, and opportunities
7.5.5.3.2.Market size and forecast, by component
7.5.5.3.3.Market size and forecast, by solution type
7.5.5.3.4.Market size and forecast, by building type
CHAPTER 8:COMPETITIVE LANDSCAPE
8.1.Key players positioning analysis, 2022
8.2.Competitive dashboard
8.3.Top winning strategies
CHAPTER 9:COMPANY PROFILE
9.1.ABB
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.CISCO SYSTEMS, INC.
9.2.1.Company overview
9.2.2.Key Executives
9.2.3.Company snapshot
9.2.4.Product portfolio
9.2.5.R&D expenditure
9.2.6.Business performance
9.2.7.Key strategic moves and developments
9.3.HONEYWELL INTERNATIONAL INC.
9.3.1.Company overview
9.3.2.Key Executives
9.3.3.Company snapshot
9.3.4.Product portfolio
9.3.5.Business Performance
9.3.6.Key strategic moves and developments
9.4.HUAWEI TECHNOLOGIES CO., LTD.
9.4.1.Company overview
9.4.2.Key executives
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.R&D Expenditure
9.4.6.Business performance
9.4.7.Key strategic moves and developments
9.5.HITACHI, LTD.
9.5.1.Company overview
9.5.2.Key Executives
9.5.3.Company snapshot
9.5.4.Product portfolio
9.5.5.R&D Expenditure
9.5.6.Business Performance
9.5.7.Key strategic moves and developments
9.6.IBM CORPORATION
9.6.1.Company overview
9.6.2.Key Executives
9.6.3.Company snapshot
9.6.4.Product portfolio
9.6.5.R&D Expenditure
9.6.6.Business performance
9.6.7.Key strategic moves and developments
9.7.INTEL 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.Business performance
9.7.7.Business performance
9.8.JOHNSON CONTROLS
9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Product portfolio
9.8.4.R&D Expenditure
9.8.5.Business performance
9.8.6.Key strategic moves and developments
9.9.PTC
9.9.1.Company overview
9.9.2.Key Executives
9.9.3.Company snapshot
9.9.4.Operating businesses segments
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
9.10.1.Company overview
9.10.2.Key Executives
9.10.3.Company snapshot
9.10.4.Product portfolio
9.10.5.R & D Expenditure
9.10.6.Business Performance
9.10.7.Key strategic moves and developments
LIST OF TABLES
TABLE 01.SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 02.SMART BUILDING MARKET REVENUE FOR SOLUTION, BY REGION 2022–2032 ($MILLION)
TABLE 03.SMART BUILDING MARKET REVENUE FOR SERVICES, BY REGION 2022–2032 ($MILLION)
TABLE 04.SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 05.SMART BUILDING MARKET REVENUE FOR BUILDING INFRASTRUCTURE MANAGEMENT, BY REGION 2022–2032 ($MILLION)
TABLE 06.SMART BUILDING MARKET REVENUE FOR SECURITY & EMERGENCY MANAGEMENT, BY REGION 2022–2032 ($MILLION)
TABLE 07.SMART BUILDING MARKET REVENUE FOR ENERGY MANAGEMENT, BY REGION 2022–2032 ($MILLION)
TABLE 08.SMART BUILDING MARKET REVENUE FOR NETWORK MANAGEMENT, BY REGION 2022–2032 ($MILLION)
TABLE 09.SMART BUILDING MARKET REVENUE FOR WORKFORCE MANAGEMENT, BY REGION 2022–2032 ($MILLION)
TABLE 10.SMART BUILDING MARKET REVENUE FOR WASTE MANAGEMENT, BY REGION 2022–2032 ($MILLION)
TABLE 11.SMART BUILDING MARKET REVENUE, BY BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 12.SMART BUILDING MARKET REVENUE FOR RESIDENTIAL, BY REGION 2022–2032 ($MILLION)
TABLE 13.SMART BUILDING MARKET REVENUE FOR COMMERCIAL, BY REGION 2022–2032 ($MILLION)
TABLE 14.SMART BUILDING MARKET REVENUE FOR INDUSTRIAL, BY REGION 2022–2032 ($MILLION)
TABLE 15.SMART BUILDING MARKET REVENUE, BY REGION, 2022–2032 ($MILLION)
TABLE 16.NORTH AMERICA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 17.NORTH AMERICA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 18.NORTH AMERICA SMART BUILDING MARKET REVENUE, BY BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 19.NORTH AMERICA SMART BUILDING MARKET REVENUE, BY COUNTRY, 2022–2032 ($MILLION)
TABLE 20.U.S. SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 21.U.S. SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 22.U.S. SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 23.CANADA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 24.CANADA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 25.CANADA SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 26.EUROPE SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 27.EUROPE SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 28.EUROPE SMART BUILDING MARKET REVENUE, BY BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 29.EUROPE SMART BUILDING MARKET REVENUE, BY COUNTRY, 2022–2032 ($MILLION)
TABLE 30.UK SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 31.UK SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 32.UK SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 33.GERMANY SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 34.GERMANY SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 35.GERMANY SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 36.FRANCE SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 37.FRANCE SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 38.FRANCE SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 39.ITALY SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 40.ITALY SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 41.ITALY SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 42.SPAIN SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 43.SPAIN SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 44.SPAIN SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 45.REST OF EUROPE SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 46.REST OF EUROPE SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 47.REST OF EUROPE SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 48.ASIA PACIFIC SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 49.ASIA PACIFIC SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 50.ASIA PACIFIC SMART BUILDING MARKET REVENUE, BY BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 51.ASIA PACIFIC SMART BUILDING MARKET REVENUE, BY COUNTRY, 2022–2032 ($MILLION)
TABLE 52.CHINA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 53.CHINA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 54.CHINA SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 55.INDIA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 56.INDIA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 57.INDIA SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 58.JAPAN SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 59.JAPAN SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 60.JAPAN SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 61.SOUTH KOREA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 62.SOUTH KOREA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 63.SOUTH KOREA SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 64.AUSTRALIA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 65.AUSTRALIA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 66.AUSTRALIA SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 67.REST OF ASIA PACIFIC SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 68.REST OF ASIA PACIFIC SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 69.REST OF ASIA PACIFIC SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 70.LAMEA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 71.LAMEA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 72.LAMEA SMART BUILDING MARKET REVENUE, BY BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 73.LAMEA SMART BUILDING MARKET REVENUE, BY COUNTRY, 2022–2032 ($MILLION)
TABLE 74.LATIN AMERICA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 75.LATIN AMERICA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 76.LATIN AMERICA SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 77.MIDDLE EAST SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 78.MIDDLE EAST SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 79.MIDDLE EAST SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 80.AFRICA SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
TABLE 81.AFRICA SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
TABLE 82.AFRICA SMART BUILDING MARKET REVENUE, BUILDING TYPE, 2022–2032 ($MILLION)
TABLE 83.ABB: KEY EXECUTIVES
TABLE 84.ABB: COMPANY SNAPSHOT
TABLE 85.ABB: PRODUCT PORTFOLIO
TABLE 86.CISCO SYSTEMS, INC.: KEY EXECUTIVES
TABLE 87.CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 88.CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 89.HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 90.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 91.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 92.HUAWEI TECHNOLOGIES CO., LTD.: KEY EXECUTIVES
TABLE 93.HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
TABLE 94.HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT PORTFOLIO
TABLE 95.HITACHI, LTD.: KEY EXECUTIVES
TABLE 96.HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 97.HITACHI, LTD: PRODUCT PORTFOLIO
TABLE 98.IBM CORPORATION: KEY EXECUTIVES
TABLE 99.IBM CORPORATION: COMPANY SNAPSHOT
TABLE 100.IBM CORPORATION: PRODUCT PORTFOLIO
TABLE 101.INTEL CORPORATION: KEY EXECUTIVES
TABLE 102.INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 103.INTEL CORPORATION: OPERATING SEGMENTS
TABLE 104.INTEL CORPORATION: PRODUCT PORTFOLIO
TABLE 105.JOHNSON CONTROLS: KEY EXECUTIVES
TABLE 106.JOHNSON CONTROLS: COMPANY SNAPSHOT
TABLE 107.JOHNSON CONTROLS: PRODUCT PORTFOLIO
TABLE 108.PTC: KEY EXECUTIVES
TABLE 109.PTC: COMPANY SNAPSHOT
TABLE 110.PTC: OPERATING SEGMENTS
TABLE 111.PTC: PRODUCT PORTFOLIO
TABLE 112.SIEMENS: KEY EXECUTIVES
TABLE 113.SIEMENS: COMPANY SNAPSHOT
TABLE 114.SIEMENS: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.SMART BUILDING MARKET SNAPSHOT, BY SEGMENTATION
FIGURE 03.SMART BUILDING MARKET SNAPSHOT, BY REGION
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIER
FIGURE 07.LOW-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE INTENSITY OF RIVALRY
FIGURE 11.SMART BUILDING MARKET REVENUE, BY COMPONENT, 2022–2032 ($MILLION)
FIGURE 12.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR SOLUTION, BY COUNTRY, 2022 & 2032(%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR SERVICES, BY COUNTRY, 2022 & 2032(%)
FIGURE 14.SMART BUILDING MARKET REVENUE, BY SOLUTION TYPE, 2022–2032 ($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR BUILDING INFRASTRUCTURE MANAGEMENT, BY COUNTRY, 2022 & 2032(%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR SECURITY & EMERGENCY MANAGEMENT, BY COUNTRY, 2022 & 2032(%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR ENERGY MANAGEMENT, BY COUNTRY, 2022 & 2032(%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR NETWORK MANAGEMENT, BY COUNTRY, 2022 & 2032(%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR WORKFORCE MANAGEMENT, BY COUNTRY, 2022 & 2032(%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR WASTE MANAGEMENT, BY COUNTRY, 2022 & 2032(%)
FIGURE 21.SMART BUILDING MARKET REVENUE, BY BUILDING TYPE, 2022–2032 ($MILLION)
FIGURE 22.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR RESIDENTIAL, BY COUNTRY, 2022 & 2032(%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR COMMERCIAL, BY COUNTRY, 2022 & 2032(%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS FOR SMART BUILDING MARKET FOR INDUSTRIAL, BY COUNTRY, 2022 & 2032(%)
FIGURE 25.U.S. SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 26.CANADA SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 27.UK SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 28.GERMANY SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 29.FRANCE SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 30.ITALY SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 31.SPAIN SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 32.REST OF EUROPE SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 33.CHINA SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 34.INDIA SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 35.JAPAN SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 36.SOUTH KOREA SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 37.AUSTRALIA SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 38.REST OF ASIA PACIFIC SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 39.LATIN AMERICA SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 40.MIDDLE EAST SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 41.AFRICA SMART BUILDING MARKET REVENUE, 2022–2032 ($MILLION)
FIGURE 42.KEY PLAYER POSITIONING ANALYSIS: SMART BUILDING MARKET
FIGURE 43.COMPETITIVE DASHBOARD
FIGURE 44.COMPETITIVE DASHBOARD
FIGURE 45.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 46.TOP WINNING STRATEGIES, BY YEAR, 2021-2023
FIGURE 47.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2021-2023
FIGURE 48.TOP WINNING STRATEGIES, BY COMPANY, 2021-2023
FIGURE 49.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 50.ABB: REVENUE, 2020-2022 ($MILLION)
FIGURE 51.ABB: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 52.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 53.CISCO SYSTEMS, INC.: REVENUE, 2020-2022 ($MILLION)
FIGURE 54.CISCO SYSTEMS, INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 55.CISCO SYSTEMS, INC.: REVENUE BY REGION, 2022 (%)
FIGURE 56.HONEYWELL INTERNATIONAL INC.: REVENUE, 2020-2022 ($MILLION)
FIGURE 57.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENTS, 2022 (%)
FIGURE 58.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 59.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 60.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE, 2020-2022 ($MILLION)
FIGURE 61.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 62.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 63.R&D EXPENDITURE, 2020–2022 ($MILLION)
FIGURE 64.HITACHI, LTD.: REVENUE, 2020-2022 ($MILLION)
FIGURE 65.HITACHI, LTD.: REVENUE SHARE BY SEGMENTS, 2022 (%)
FIGURE 66.HITACHI, LTD.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 67.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 68.IBM: REVENUE, 2020-2022 ($MILLION)
FIGURE 69.IBM CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 70.IBM CORPORATION: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 71.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 72.INTEL CORPORATION: REVENUE, 2020-2022 ($MILLION)
FIGURE 73.INTEL CORPORATION: REVENUE SHARE BY SEGMENTS, 2022 (%)
FIGURE 74.INTEL CORPORATION: REVENUE SHARE BY REGIONS, 2022 (%)
FIGURE 75.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 76.JOHNSON CONTROLS: REVENUE, 2020-2022 ($MILLION)
FIGURE 77.JOHNSON CONTROLS: REVENUE SHARE BY SEGMENTS, 2022 (%)
FIGURE 78.JOHNSON CONTROLS: REVENUE SHARE BY REGIONS, 2022 (%)
FIGURE 79.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 80.PTC: REVENUE, 2020-2022 ($MILLION)
FIGURE 81.PTC: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 82.PTC: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 83.R&D EXPENDITURE, 2020-2022 ($MILLION)
FIGURE 84.SIEMENS: REVENUE, 2020-2022($MILLION)
FIGURE 85.SIEMENS: REVENUE SHARE BY SEGMENTS, 2022 (%)
FIGURE 86.SIEMENS: REVENUE SHARE BY REGION, 2022 (%)