Market Overview:
The global smart workplace market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and comfortable work environments, rising awareness about the benefits of smart workplaces, and growing investments in smart city initiatives. The global smart workplace market is segmented on the basis of type into Smart HVAC, Smart Lighting, Smart Security, Smart Thermostats, Smart Windows and others. The others segment includes various other types of smart devices used in workplaces such as sensors and controllers. On the basis of application, the market is divided into new buildings and retrofitting segments. New buildings are those that are constructed with advanced features for optimized performance while retrofitting involves installation or replacement of existing systems with advanced features in an already built structure or facility. Geographically, the globalsmart workplacemarketis analyzed across North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U.K.), Asia Pacific (China India Japan Australia South Korea)and Middle East & Africa(Saudi Arabia UAE Qatar Bahrain Jordan).
Product Definition:
The term "smart workplace" has been used to describe a variety of different things, but in general it refers to a workplace that is designed for maximum efficiency and productivity. This can include features like open floor plans, shared workspaces, and technology that allows employees to work from anywhere. The importance of a smart workplace is that it can help businesses reduce costs while also improving employee productivity.
Smart HVAC:
HVAC (Heating, Ventilation and Air Conditioning) is the system that controls temperature and humidity levels in a building. It helps in maintaining a healthy environment for employees by regulating air quality. HVAC systems are widely used in offices as they help maintain an environmentally controlled space, which reduces employee fatigue along with improving productivity. The introduction of smart HVAC systems has revolutionized the market by providing remote monitoring capabilities to operators through smartphones or tablets.
Smart Lighting:
Smart lighting is a combination of traditional light sources and modern technologies. It can be used to create an ambient atmosphere, provide information, create awareness about the working hours of a place or just for decorative purposes. Smart lighting helps in creating an environment that enhances the productivity and comfort of employees by providing them with right kind of light at the right time. The smart workplace uses smart lights to enhance employee comfort along with increasing energy efficiency and saving costs on utility bills by using LED lights.
Application Insights:
The new buildings segment dominated the global smart workplace market in 2017 and is expected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to several factors such as increasing construction spending for office spaces and workspaces, technological advancements in building management systems, growing awareness regarding energy conservation among corporate entities, and government initiatives promoting investments in green buildings.
Retrofitting an existing building into a smart building requires advanced infrastructure which may not be available across all locations or may require extensive renovation work on the part of corporate entities desiring a ¢â‚¬Ëœsmart office¢â‚¬â„¢ experience during business meetings or events held at the location. In such cases, retrofitting solutions provide cost-effective options with minimal disruption to existing operations while enabling key operational efficiencies that benefit both business owners/managers and property owners/ managers alike.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing adoption of smart technologies and initiatives taken by governments for creating a healthy working environment. For instance, in October 2016, the city government of Portland, Oregon installed smart lights across all public spaces such as bridges and plazas using an app called ‘Smart City Lighting’. Similarly, other cities such as Chicago have also implemented similar programs for better lighting efficiency throughout the city at night time (Khan Academy). Such initiatives are expected to increase over time which will boost regional growth over next eight years or so.
Asia Pacific is anticipated to witness significant growth during forecast period owing to rising disposable income among middle-class population groups especially in developing countries like China and India along with growing awareness about energy conservationism coupled with rapid urbanization process observed across these countries (IDC).
Growth Factors:
- Increased demand for smart and connected workplaces as the global workforce becomes more mobile and companies strive to create a more productive and efficient work environment.
- Proliferation of new workplace technologies, such as AI-enabled meeting tools, that make it easier for employees to collaborate and work smarter.
- Growing number of millennials entering the workforce who are accustomed to using technology in their personal lives and expect the same from their workplace.
- Increasing pressure on businesses to reduce environmental impact by implementing smart building technologies that improve energy efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Workplace Market Research Report
By Type
Smart HVAC, Smart Lighting, Smart Security, Smart Thermostats, Smart Windows, Others
By Application
New Buildings, Retrofitting
By Companies
Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, LG Electronics, Acuity Brands, General Electric, Honeywell, OSRAM, Philips Lumileds, Schneider Electric, Axis Communications, Bosch Security Systems, NICE Systems, RavenWindow, Research Frontiers, SAGE Electrochromics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Smart Workplace Market Report Segments:
The global Smart Workplace market is segmented on the basis of:
Types
Smart HVAC, Smart Lighting, Smart Security, Smart Thermostats, Smart Windows, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
New Buildings, Retrofitting
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Carrier
- Daikin Industries
- Ingersoll-Rand
- Johnson Controls
- LG Electronics
- Acuity Brands
- General Electric
- Honeywell
- OSRAM
- Philips Lumileds
- Schneider Electric
- Axis Communications
- Bosch Security Systems
- NICE Systems
- RavenWindow
- Research Frontiers
- SAGE Electrochromics
Highlights of The Smart Workplace Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart HVAC
- Smart Lighting
- Smart Security
- Smart Thermostats
- Smart Windows
- Others
- By Application:
- New Buildings
- Retrofitting
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Workplace Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Workplace is an environment where employees are able to work productively and efficiently while taking advantage of the latest technology. This can include everything from mobile devices that allow employees to access information anywhere, to software that helps manage employee productivity.
Some of the key players operating in the smart workplace market are Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, LG Electronics, Acuity Brands, General Electric, Honeywell, OSRAM, Philips Lumileds, Schneider Electric, Axis Communications, Bosch Security Systems, NICE Systems, RavenWindow, Research Frontiers, SAGE Electrochromics.
The smart workplace market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Workplace Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Workplace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Workplace Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Workplace Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Workplace Market Size & Forecast, 2020-2028
4.5.1 Smart Workplace Market Size and Y-o-Y Growth
4.5.2 Smart Workplace Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Smart HVAC
5.2.2 Smart Lighting
5.2.3 Smart Security
5.2.4 Smart Thermostats
5.2.5 Smart Windows
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 New Buildings
6.2.2 Retrofitting
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Workplace Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Workplace Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Smart HVAC
9.6.2 Smart Lighting
9.6.3 Smart Security
9.6.4 Smart Thermostats
9.6.5 Smart Windows
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 New Buildings
9.10.2 Retrofitting
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Smart HVAC
10.6.2 Smart Lighting
10.6.3 Smart Security
10.6.4 Smart Thermostats
10.6.5 Smart Windows
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 New Buildings
10.10.2 Retrofitting
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Smart HVAC
11.6.2 Smart Lighting
11.6.3 Smart Security
11.6.4 Smart Thermostats
11.6.5 Smart Windows
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 New Buildings
11.10.2 Retrofitting
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Smart HVAC
12.6.2 Smart Lighting
12.6.3 Smart Security
12.6.4 Smart Thermostats
12.6.5 Smart Windows
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 New Buildings
12.10.2 Retrofitting
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Smart HVAC
13.6.2 Smart Lighting
13.6.3 Smart Security
13.6.4 Smart Thermostats
13.6.5 Smart Windows
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 New Buildings
13.10.2 Retrofitting
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Workplace Market: Competitive Dashboard
14.2 Global Smart Workplace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier
14.3.2 Daikin Industries
14.3.3 Ingersoll-Rand
14.3.4 Johnson Controls
14.3.5 LG Electronics
14.3.6 Acuity Brands
14.3.7 General Electric
14.3.8 Honeywell
14.3.9 OSRAM
14.3.10 Philips Lumileds
14.3.11 Schneider Electric
14.3.12 Axis Communications
14.3.13 Bosch Security Systems
14.3.14 NICE Systems
14.3.15 RavenWindow
14.3.16 Research Frontiers
14.3.17 SAGE Electrochromics
