Global Smart Buildings Market Size, Share, Trends, Industry Growth by Solutions (Building infrastructure Management, Security and Emergency Management, Energy Management, Others), by Services (System Integration & Deployment, Support & Maintenance, Consulting), by application, by Region, and Forecast to 2027

Report ID: RCMA67 | Report Format: PDF + Excel | Starting Price: 2680/- USD |

The global smart buildings market size is expected to experience a robust CAGR of over 10% during the forecast period 2021 to 2027. The rising awareness regarding energy consumption, increasing adoption of smart energy management systems, government initiatives, and adoption of IoT-enabled devices are some of the major factors to drive the market growth.

Furthermore, the rising demand for energy-efficient systems and increasing inclination of building owners to space utilization are further expected to fuel the market. IoT occupancy and traffic flow data allows firms and building owners to effectively track how different areas of office space are being used. With this information, they can make informed decisions on space layout to maximize use while promoting innovation and collaboration.

Moreover, the increasing adoption of smart buildings in the commercial sector is expected to boost the market growth over the forecast period. Now a day, many commercial buildings are wasting a significant amount of energy due to their unnecessary HVAC and lighting activities. Greater efficiency can be achieved using IoT data with on-demand equipment control which monitors the real-time indoor conditions in different areas as well as the behavior and preferences of the occupants.

Market Segment Insights:

The energy management segment is growing at the fastest growth rate due to rising awareness regarding energy consumption

The global smart buildings market is bifurcated into solutions, services, applications, and geography. On the basis of solutions, the market is further segmented into building infrastructure management, security and emergency management, energy management, and others. The energy management segment is expected to experience the fastest growth rate over the forecast period. The rising awareness regarding energy consumption is a primary factor to drive the segment growth. A significant amount of energy wastes in commercial buildings due to unnecessary lighting and HVAC systems. The increasing adoption of IoT-based devices to control building equipment to reduce the energy consumption is expected to boost the segment growth over the forecast period.

Smart Buildings Market Size

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The commercial buildings segment is experiencing the fastest CAGR by 2027

By application, the market is divided into commercial buildings, residential building, educational institutions, and others. The commercial building segment dominated the global smart buildings market in 2020 and expected to maintain its dominance over the forecast period. The rising awareness regarding energy management to reduce energy consumption is a primary factor to increase the adoption of smart buildings in the commercial sector. Furthermore, the increasing inclination towards providing a better occupant centric experience and a smart agile workspace are further expected to fuel the segment growth. Moreover, the increasing number of smart city projects and the adoption of green building is expected to drive the segment growth.

The smart buildings comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The smart buildings market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Smart Buildings Market Segmentation:

By Solutions:

  • Building infrastructure Management
  • Security and Emergency Management
  • Energy Management
  • Others

By Services:

  • System Integration and Deployment
  • Support and Maintenance
  • Consulting

By Application:

  • Commercial Buildings
  • Residential Building
  • Governmental and Public Infrastructure Facilities
  • Educational Institutions
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Smart Buildings Market: Geographic Coverage

North America holds the largest market share of over one-third of the market owing to the increasing adoption of smart buildings

Geographically, North America dominated the global smart buildings market in 2020 and is expected to hold the largest revenue share of over one-third percent of the market by the end of the analysis period. The increasing adoption of smart buildings and the growing number of smart cities are some of the major factors to drive the market growth in the region. Furthermore, the government’s stringent regulations regarding energy conservation and the increasing adoption of IoT-based devices to reduce energy consumption are further expected to fuel the market growth. On the flip side, the Asia Pacific is expected to register the highest growth rate over the forecast period due to the increasing number of smart building projects in the region.

Smart Buildings Market: Competitive Assessment

Some of the major market players operating in the global smart buildings market are Honeywell International Inc., Cisco Systems, Inc., Hitachi Ltd., Johnson Controls Internationals, and Schneider Electric. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Honeywell International Inc.
  • Cisco Systems, Inc.
  • Hitachi Ltd.
  • Johnson Controls Internationals
  • Schneider Electric
  • ABB Ltd.
  • Siemens AG
  • Kone
  • Legrand
  • Robert Bosch GmbH

Key Questions Answered by Smart Buildings Market Report

  • Global smart buildings market forecasts from 2021-2027
  • Regional smart buildings market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
  • Smart buildings submarket forecasts from 2021-2027 cover the market by solution, by services, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about smart buildings market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level smart buildings markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the smart buildings market
Smart Buildings Market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Smart Buildings Market Portraiture
2.2. Global Smart Buildings Market, by Solution, 2020 (USD Mn)
2.3. Global Smart Buildings Market, by Service, 2020 (USD Mn)
2.4. Global Smart Buildings Market, by Application, 2020 (USD Mn)
2.5. Global Smart Buildings Market, by Geography, 2020 (USD Mn)

 

3. Global Smart Buildings Market Analysis


3.1. Smart Buildings Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Smart Buildings Market By Solution, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Building infrastructure Management
4.3. Security and Emergency Management
4.4. Energy Management
4.5. Others

 

5. Global Smart Buildings Market By Service, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. System Integration and Deployment
5.3. Support and Maintenance
5.4. Consulting

 

6. Global Smart Buildings Market By Application, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Commercial Buildings
6.3. Residential Building
6.4. Governmental and Public Infrastructure Facilities
6.5. Educational Institutions
6.6. Others

 

7. North America Smart Buildings Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Smart Buildings Market by Solution (2018-2027 USD Mn)
7.1.3. North America Smart Buildings Market by Service (2018-2027 USD Mn)
7.1.4. North America Smart Buildings Market by Application (2018-2027 USD Mn)
7.1.5. North America Smart Buildings Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Smart Buildings Market by Solution (2018-2027 USD Mn)
7.1.5.1.2. U.S. Smart Buildings Market by Service (2018-2027 USD Mn)
7.1.5.1.3. U.S. Smart Buildings Market by Application (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Smart Buildings Market by Solution (2018-2027 USD Mn)
7.1.5.2.2. Canada Smart Buildings Market by Service (2018-2027 USD Mn)
7.1.5.2.3. Canada Smart Buildings Market by Application (2018-2027 USD Mn)

 

8. Europe Smart Buildings Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Smart Buildings Market by Solution (2018-2027 USD Mn)
8.1.3. Europe Smart Buildings Market by Service (2018-2027 USD Mn)
8.1.4. Europe Smart Buildings Market by Application (2018-2027 USD Mn)
8.1.5. Europe Smart Buildings Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Smart Buildings Market by Solution (2018-2027 USD Mn)
8.1.5.1.2. Germany Smart Buildings Market by Service (2018-2027 USD Mn)
8.1.5.1.3. Germany Smart Buildings Market by Application (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Smart Buildings Market by Solution (2018-2027 USD Mn)
8.1.5.2.2. U.K. Smart Buildings Market by Service (2018-2027 USD Mn)
8.1.5.2.3. U.K. Smart Buildings Market by Application (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Smart Buildings Market by Solution (2018-2027 USD Mn)
8.1.5.3.2. France Smart Buildings Market by Service (2018-2027 USD Mn)
8.1.5.3.3. France Smart Buildings Market by Application (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Smart Buildings Market by Solution (2018-2027 USD Mn)
8.1.5.4.2. Italy Smart Buildings Market by Service (2018-2027 USD Mn)
8.1.5.4.3. Italy Smart Buildings Market by Application (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Smart Buildings Market by Solution (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Smart Buildings Market by Service (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Smart Buildings Market by Application (2018-2027 USD Mn)

 

9. Asia Pacific Smart Buildings Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Smart Buildings Market by Solution (2018-2027 USD Mn)
9.1.3. Asia Pacific Smart Buildings Market by Service (2018-2027 USD Mn)
9.1.4. Asia Pacific Smart Buildings Market by Application (2018-2027 USD Mn)
9.1.5. Asia Pacific Smart Buildings Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Smart Buildings Market by Solution (2018-2027 USD Mn)
9.1.5.1.2. China Smart Buildings Market by Service (2018-2027 USD Mn)
9.1.5.1.3. China Smart Buildings Market by Application (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Smart Buildings Market by Solution (2018-2027 USD Mn)
9.1.5.2.2. Japan Smart Buildings Market by Service (2018-2027 USD Mn)
9.1.5.2.3. Japan Smart Buildings Market by Application (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Smart Buildings Market by Solution (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Smart Buildings Market by Service (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Smart Buildings Market by Application (2018-2027 USD Mn)

 

10. Latin America (LATAM) Smart Buildings Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Smart Buildings Market by Solution (2018-2027 USD Mn)
10.1.3. Latin America Smart Buildings Market by Service (2018-2027 USD Mn)
10.1.4. Latin America Smart Buildings Market by Application (2018-2027 USD Mn)
10.1.5. Latin America Smart Buildings Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Smart Buildings Market by Solution (2018-2027 USD Mn)
10.1.5.1.2. Brazil Smart Buildings Market by Service (2018-2027 USD Mn)
10.1.5.1.3. Brazil Smart Buildings Market by Application (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Smart Buildings Market by Solution (2018-2027 USD Mn)
10.1.5.2.2. Mexico Smart Buildings Market by Service (2018-2027 USD Mn)
10.1.5.2.3. Mexico Smart Buildings Market by Application (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Smart Buildings Market by Solution (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Smart Buildings Market by Service (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Smart Buildings Market by Application (2018-2027 USD Mn)

 

11. Middle East and Africa Smart Buildings Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Smart Buildings Market by Solution (2018-2027 USD Mn)
11.1.3. MEA Smart Buildings Market by Service (2018-2027 USD Mn)
11.1.4. MEA Smart Buildings Market by Application (2018-2027 USD Mn)
11.1.5. Middle East and Africa Smart Buildings Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Smart Buildings Market by Solution (2018-2027 USD Mn)
11.1.5.1.2. GCC Smart Buildings Market by Service (2018-2027 USD Mn)
11.1.5.1.3. GCC Smart Buildings Market by Application (2018-2027 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Smart Buildings Market by Solution (2018-2027 USD Mn)
11.1.5.2.2. South Africa Smart Buildings Market by Service (2018-2027 USD Mn)
11.1.5.2.3. South Africa Smart Buildings Market by Application (2018-2027 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Smart Buildings Market by Solution (2018-2027 USD Mn)
11.1.5.3.2. Rest of MEA Smart Buildings Market by Service (2018-2027 USD Mn)
11.1.5.3.3. Rest of MEA Smart Buildings Market by Application (2018-2027 USD Mn)

 

12. Company Profiles


12.1. Honeywell International Inc.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Cisco Systems, Inc.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Hitachi Ltd.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Johnson Controls Internationals
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Schneider Electric
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. ABB Ltd.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Siemens AG
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Kone
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Legrand
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Robert Bosch GmbH
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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