Reports
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
Global Smart Building Market: By Component: Building Infrastructure Management Solution, Energy Management Solution, Workforce Management Solution, Others; By Building Type; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Smart Building Market Outlook
The global smart building market reached a value of about USD 70.88 billion in 2021. The market is further expected to grow at a CAGR of 10.40% in the forecast period of 2023-2028 to reach a value of approximately USD 128.33 billion by 2027.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rising Demand for Energy Management Solutions to Foster the Smart Building Industry Growth
Based on type, the energy management segment is expected to account for a significant share in the smart building industry owing to various green building initiatives and government regulations aimed at reducing energy consumption. The systems are known to help in reducing and monitoring the amount of power consumed by the building. By adopting such solutions, building owners and stakeholders can lower their operational expenses. These advantages of energy management solutions are expected to increase the popularity of the systems and increase the market for smart building across the globe.
North America to Hold a Significant Market Share Owing to Rising Technological Adoption in the Region
Region-wise, North America is expected to witness a healthy growth over the forecast period owing to rising investments in technologies, such as IoT, big data analytics, AI, and cloud computing, among others, to develop smart solutions for buildings and increase the safety of the occupants. Moreover, the rising population and the increasing disposable income are compelling consumers in the region to invest in smart building infrastructures to increase comfort and meet the rising sustainability standards. Major industries in the US are investing in intelligent solutions to boost their operational efficiency. The Canadian government is working towards protecting the country’s environment and resources by increasing the energy efficiency of buildings by adopting smart technologies.
Smart Building: Market Segmentation
Smart buildings refer to complex residential, commercial, or industrial infrastructures integrated with smart technologies, such as IoT, AI, and others, aimed at lowering energy consumption costs, supporting a robust electric grid and alleviating environmental impact. Smart buildings provide occupants with illumination, thermal comfort, ventilation, air conditioning, and other benefits.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By component, the market is divided into:
- Building Infrastructure Management Solution
- Energy Management Solution
- Workforce Management Solution
- Network Management Solution
- Services
Based on building type, the industry can be segmented into:
- Commercial
- Residential
- Industrial
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increasing Demand for Smart Infrastructure Owing to Governmental Aid and Technological Advancements to Bolster the Smart Building Industry Growth
Rapid urbanisation is compelling governments across the globe to invest in smart city projects and intelligent infrastructures to enhance the relationship between the government and its citizens. With rising investments in smart city projects, the demand for smart buildings is expected to grow during the forecast period. Moreover, rapid technological advancements focused on providing safety to building occupants and environmental sustainability are expected to further boost the market growth. While rising cybercrimes may hamper the market growth during the forecast period, many IoT security providers are helping the industry overcome cyber challenges by developing cost-efficient IoT security products. These factors are expected to aid the market growth during the forecast period.
Key Industry Players in the Global Smart Building Market
The report gives a detailed analysis of the following key players in the global smart building market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Honeywell International Inc.
- Cisco Systems, Inc.
- Siemens AG
- Hitachi, Ltd.
- Schneider Electric SE
- Huawei Technologies Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Building Type, Region |
| Breakup by Component | Building Infrastructure Management Solution, Energy Management Solution, Workforce Management Solution, Network Management Solution, Services |
| Breakup by Building Type | Residential, Commercial, Industrial |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Honeywell International Inc., Cisco Systems, Inc., Siemens AG, Hitachi, Ltd., Schneider Electric SE, Huawei Technologies Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Building Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Building Historical Market (2018-2022)
8.3 Global Smart Building Market Forecast (2023-2028)
8.4 Global Smart Building Market by Component
8.4.1 Building Infrastructure Management Solution
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Energy Management Solution
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Workforce Management Solution
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Network Management Solution
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Services
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global Smart Building Market by Building Type
8.5.1 Commercial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Residential
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Smart Building Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Smart Building Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Smart Building Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Smart Building Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Smart Building Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Smart Building Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Honeywell International Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cisco Systems, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Siemens AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Hitachi, Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Schneider Electric SE
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Huawei Technologies Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Building Market: Key Industry Highlights, 2018 and 2028
2. Global Smart Building Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Smart Building Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Smart Building Historical Market: Breakup by Building Type (USD Billion), 2018-2022
5. Global Smart Building Market Forecast: Breakup by Building Type (USD Billion), 2023-2028
6. Global Smart Building Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Smart Building Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Smart Building Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Smart Building Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Smart Building Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Smart Building Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Smart Building Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Smart Building Market Structure
Key Questions Answered in the Report
In 2021, the global smart building market attained a value of nearly USD 70.88 billion.
The market is projected to grow at a CAGR of 10.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 128.33 billion by 2027.
The major drivers of the industry, such as rapid urbanisation, stringent government regulations aimed at environmental sustainability, rising demand for occupant’s safety, investments in smart city projects, and lowering energy consumption and costs, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing technological advancements and rising smart city projects.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major components considered within the market report are building infrastructure management solution, energy management solution, workforce management solution, network management solution, and services.
The significant types of smart building in the industry are commercial, residential, and industrial.
The major players in the industry are Honeywell International Inc., Cisco Systems, Inc., Siemens AG, Hitachi, Ltd., Schneider Electric SE, and Huawei Technologies Co., Ltd., among others.
Analyst Review
The global smart building market attained a value of USD 70.88 billion in 2021, driven by the rising support from the government and an increase in the number of smart city projects globally. Aided by the growing adoption of advanced technologies, such as IoT, AI, cloud computing, and big data analytics, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10.40%. The market is projected to reach USD 128.33 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the smart building industry can be segmented into building infrastructure management solution, energy management solution, workforce management solution, network management solution, and services. On the basis of buidling type, the market is divided into commercial, residential, and industrial. The major regional markets for smart building are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell International Inc., Cisco Systems, Inc., Siemens AG, Hitachi, Ltd., Schneider Electric SE, and Huawei Technologies Co., Ltd. among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
NEWSLETTER