The global smart building market is expected to grow from USD 1.5 billion in 2016 to USD 3.2 billion by 2030, at a CAGR of 12.8% during the forecast period. The major factors driving the growth of this market are increasing demand for energy efficiency and sustainability, growing need for automation and digitization, and increasing investments in smart buildings by governments across the globe.
The global smart building market is segmented on the basis of type into building management system (BMS), heating, ventilating, and air conditioning (HVAC), lighting control, security and access control, emergency alarm and evacuation system, audio-visual effects (AVEs), escalator/elevator systems; on the basis of application into government buildings/residential buildings/commercial buildings; on the basis of region into North America/Latin America/Europe/Asia Pacific & Middle East & Africa; on the basis of country into US/Canada/, China/, Japan/, India/, Australia/.
-The Smart Building market is expected to grow at a CAGR of 12.5% from 2017 to 2022.
-Smart Buildings are being used for energy efficiency and sustainability purposes, which will drive the growth of the Smart Building market in the future.
-The need for increased security and safety in buildings will also drive the growth of this market in the future.
Industry Growth Insights published a new data on “Smart Building Market”. The research report is titled “Smart Building Market research by Types (Building Management System (BMS), Heating, Ventilating, and Air Conditioning (HVAC), Lighting Control, Security and Access Control, Emergency Alarm and Evacuation System, Audio and Visual Effects, Escalator, Elevator, Others, Smart Buildin), By Applications (Government Buildings, Residential Buildings, Commercial Building), By Players/Companies Johnson Controls, Honeywell, Schneider, UTC, Siemens, Ingersoll Rand (Trane), Azbil, ABB, Emerson, Eaton, Control4, Bosch, Panasonic, Delta Controls, Legrand, Cisco, IBM, Advantech, Current (GE), Smart Buildin”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Building Market Research Report
By Type
Building Management System (BMS), Heating, Ventilating, and Air Conditioning (HVAC), Lighting Control, Security and Access Control, Emergency Alarm and Evacuation System, Audio and Visual Effects, Escalator, Elevator, Others, Smart Buildin
By Application
Government Buildings, Residential Buildings, Commercial Building
By Companies
Johnson Controls, Honeywell, Schneider, UTC, Siemens, Ingersoll Rand (Trane), Azbil, ABB, Emerson, Eaton, Control4, Bosch, Panasonic, Delta Controls, Legrand, Cisco, IBM, Advantech, Current (GE), Smart Buildin
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Smart Building Market Report Segments:
The global Smart Building market is segmented on the basis of:
Types
Building Management System (BMS), Heating, Ventilating, and Air Conditioning (HVAC), Lighting Control, Security and Access Control, Emergency Alarm and Evacuation System, Audio and Visual Effects, Escalator, Elevator, Others, Smart Buildin
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
Government Buildings, Residential Buildings, Commercial Building
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:
- Johnson Controls
- Honeywell
- Schneider
- UTC
- Siemens
- Ingersoll Rand (Trane)
- Azbil
- ABB
- Emerson
- Eaton
- Control4
- Bosch
- Panasonic
- Delta Controls
- Legrand
- Cisco
- IBM
- Advantech
- Current (GE)
- Smart Buildin
Highlights of The Smart Building 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:
- Building Management System (BMS)
- Heating, Ventilating, and Air Conditioning (HVAC)
- Lighting Control
- Security and Access Control
- Emergency Alarm and Evacuation System
- Audio and Visual Effects
- Escalator
- Elevator
- Others
- Smart Buildin
- By Application:
- Government Buildings
- Residential Buildings
- Commercial Building
- 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 Building 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
- Business Expansion Strategies
- 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?
Smart Buildings are buildings that have been designed to be more energy efficient and environmentally friendly. They can include features like sensors that monitor energy use, LED lighting, and weatherization measures.
Some of the major companies in the smart building market are Johnson Controls, Honeywell, Schneider, UTC, Siemens, Ingersoll Rand (Trane), Azbil, ABB, Emerson, Eaton, Control4, Bosch, Panasonic, Delta Controls, Legrand, Cisco, IBM, Advantech, Current (GE), Smart Buildin.
The smart building market is expected to register a CAGR of 12.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Building Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Building Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Building Market - Supply Chain
4.5. Global Smart Building Market Forecast
4.5.1. Smart Building Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Building Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Building Market Absolute $ Opportunity
5. Global Smart Building Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Building Market Size and Volume Forecast by Type
5.3.1. Building Management System (BMS)
5.3.2. Heating, Ventilating, and Air Conditioning (HVAC)
5.3.3. Lighting Control
5.3.4. Security and Access Control
5.3.5. Emergency Alarm and Evacuation System
5.3.6. Audio and Visual Effects
5.3.7. Escalator
5.3.8. Elevator
5.3.9. Others
5.3.10. Smart Buildin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Building Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Building Market Size and Volume Forecast by Application
6.3.1. Government Buildings
6.3.2. Residential Buildings
6.3.3. Commercial Building
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Building Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Building Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Building Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Building Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Building Demand Share Forecast, 2019-2026
9. North America Smart Building Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Building Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Building Market Size and Volume Forecast by Application
9.4.1. Government Buildings
9.4.2. Residential Buildings
9.4.3. Commercial Building
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Building Market Size and Volume Forecast by Type
9.7.1. Building Management System (BMS)
9.7.2. Heating, Ventilating, and Air Conditioning (HVAC)
9.7.3. Lighting Control
9.7.4. Security and Access Control
9.7.5. Emergency Alarm and Evacuation System
9.7.6. Audio and Visual Effects
9.7.7. Escalator
9.7.8. Elevator
9.7.9. Others
9.7.10. Smart Buildin
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Building Demand Share Forecast, 2019-2026
10. Latin America Smart Building Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Building Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Building Market Size and Volume Forecast by Application
10.4.1. Government Buildings
10.4.2. Residential Buildings
10.4.3. Commercial Building
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Building Market Size and Volume Forecast by Type
10.7.1. Building Management System (BMS)
10.7.2. Heating, Ventilating, and Air Conditioning (HVAC)
10.7.3. Lighting Control
10.7.4. Security and Access Control
10.7.5. Emergency Alarm and Evacuation System
10.7.6. Audio and Visual Effects
10.7.7. Escalator
10.7.8. Elevator
10.7.9. Others
10.7.10. Smart Buildin
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Building Demand Share Forecast, 2019-2026
11. Europe Smart Building Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Building Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Building Market Size and Volume Forecast by Application
11.4.1. Government Buildings
11.4.2. Residential Buildings
11.4.3. Commercial Building
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Building Market Size and Volume Forecast by Type
11.7.1. Building Management System (BMS)
11.7.2. Heating, Ventilating, and Air Conditioning (HVAC)
11.7.3. Lighting Control
11.7.4. Security an Access Control
11.7.5. Emergency Alarm and Evacuation System
11.7.6. Audio and Visual Effects
11.7.7. Escalator
11.7.8. Elevator
11.7.9. Others
11.7.10. Smart Buildin
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Building Demand Share, 2019-2026
12. Asia Pacific Smart Building Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Building Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Building Market Size and Volume Forecast by Application
12.4.1. Government Buildings
12.4.2. Residential Buildings
12.4.3. Commercial Building
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Building Market Size and Volume Forecast by Type
12.7.1. Building Management System (BMS)
12.7.2. Heating, Ventilating, and Air Conditioning (HVAC)
12.7.3. Lighting Control
12.7.4. Security and Access Control
12.7.5. Emergency Alarm and Evacuation System
12.7.6. Audio and Visual Effects
12.7.7. Escalator
12.7.8. Elevator
12.7.9. Others
12.7.10. Smart Buildin
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Building Demand Share, 2019-2026
13. Middle East & Africa Smart Building Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Building Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Building Market Size and Volume Forecast by Application
13.4.1. Government Buildings
13.4.2. Residential Buildings
13.4.3. Commercial Building
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Building Market Size and Volume Forecast by Type
13.7.1. Building Management System (BMS)
13.7.2. Heating, Ventilating, and Air Conditioning (HVAC)
13.7.3. Lighting Control
13.7.4. Security and Access Control
13.7.5. Emergency Alarm and Evacuation System
13.7.6. Audio and Visual Effects
13.7.7. Escalator
13.7.8. Elevator
13.7.9. Others
13.7.10. Smart Buildin
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Building Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Building Market: Market Share Analysis
14.2. Smart Building Distributors and Customers
14.3. Smart Building Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson Controls
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Honeywell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. UTC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ingersoll Rand (Trane)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Azbil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ABB
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Emerson
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Eaton
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Control4
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bosch
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Panasonic
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Delta Controls
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Legrand
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cisco
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. IBM
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Advantech
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Current (GE)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
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