Smart Building Market by Building Type (Commercial, Industrial, Residential), Component (Services, Solution) - Global Forecast 2023-2030
The Smart Building Market size was estimated at USD 24.93 billion in 2022 and expected to reach USD 29.94 billion in 2023, at a CAGR 22.65% to reach USD 127.69 billion by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Smart Building Market.
- Based on Building Type, market is studied across Commercial, Industrial, and Residential. The Commercial commanded largest market share of 55.54% in 2022, followed by Residential.
- Based on Component, market is studied across Services and Solution. The Services is further studied across Consulting, Support & Maintenance, and System Integration & Deployment. The Solution is further studied across Building Infrastructure Management, Energy Management, Network Management, Security & Emergency Management, and Workforce Management. The Building Infrastructure Management is further studied across Elevators & Escalators Management System, Parking Management System, and Smart Water Management System. The Energy Management is further studied across HVAC Control System and Lighting System. The Security & Emergency Management is further studied across Access Control System, Safety System, and Video Surveillance System. The Solution commanded largest market share of 54.89% in 2022, followed by Services.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.15% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Smart Building Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Smart Building Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Smart Building Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Aquicore, Inc., BuildingIQ, Cisco Systems, Inc., CopperTree Analytics Inc., Hitachi, Ltd., Honeywell International Inc., HP Development Company, L.P., Huawei Technologies Co. Ltd., Igor, Inc., Intel Corporation, International Business Machines Corporation, Johnson Controls International PLC, KMC Controls, Inc., L&T Technology Services Limited, Legrand S.A., Metrikus Limited, Microsoft Corporation, Mitsubishi Corporation, Mode Green Integrated Building Technology, mySmart Pty Ltd., Ove Arup & Partners International Limited, PointGrab Ltd., PTC Inc., Robert Bosch GmbH, Schneider Electric, Siemens AG, SMART Building Specialists, Verdigris Technologies, Inc., Verizon, and Wipro Limited.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Smart Building Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Smart Building Market?
- What is the competitive strategic window for identifying opportunities in the Smart Building Market?
- What are the latest technology trends and regulatory frameworks in the Smart Building Market?
- What is the market share of the leading vendors in the Smart Building Market?
- Which modes and strategic moves are suitable for entering the Smart Building Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Smart Building Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing Government Initiative for the Development of Smart Infrastructure
- 5.1.1.2. Increasing Need for Energy-Efficient and Sustainable Buildings Globally
- 5.1.1.3. Surge in Adoption of IoT Enabled Building Management System (BMS)
- 5.1.2. Restraints
- 5.1.2.1. Capital Intensive Implementation and Privacy Concerns
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing Development and Adoption of 5G Technology in Smart Buildings
- 5.1.3.2. Emerging Advancements of Smart Cities Worldwide
- 5.1.4. Challenges
- 5.1.4.1. Limited Expertise and Technology Alignment
- 5.2. Market Segmentation Analysis
- 5.2.1. Types: Enhanced Utilization of Smart Building Solutions Based on Building Types
- 5.2.2. Component: Significance of Smart Building Services and Solutions
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Smart Building Market, by Building Type
- 6.1. Introduction
- 6.2. Commercial
- 6.3. Industrial
- 6.4. Residential
- 7. Smart Building Market, by Component
- 7.1. Introduction
- 7.2. Services
- 7.3.1. Consulting
- 7.3.2. Support & Maintenance
- 7.3.3. System Integration & Deployment
- 7.3. Solution
- 7.4.1. Building Infrastructure Management
- 7.4.2.1. Elevators & Escalators Management System
- 7.4.2.2. Parking Management System
- 7.4.2.3. Smart Water Management System
- 7.4.2. Energy Management
- 7.4.3.1. HVAC Control System
- 7.4.3.2. Lighting System
- 7.4.3. Network Management
- 7.4.4. Security & Emergency Management
- 7.4.5.1. Access Control System
- 7.4.5.2. Safety System
- 7.4.5.3. Video Surveillance System
- 7.4.5. Workforce Management
- 8. Americas Smart Building Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Smart Building Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.10. South Korea
- 9.11. Taiwan
- 9.12. Thailand
- 9.13. Vietnam
- 10. Europe, Middle East & Africa Smart Building Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.10. Nigeria
- 10.11. Norway
- 10.12. Poland
- 10.13. Qatar
- 10.14. Russia
- 10.15. Saudi Arabia
- 10.16. South Africa
- 10.17. Spain
- 10.18. Sweden
- 10.19. Switzerland
- 10.20. Turkey
- 10.21. United Arab Emirates
- 10.22. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.2. Market Share Analysis, By Key Player
- 11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Merger & Acquisition
- 11.3.1.1. SmartCon Solutions Acquires Sentient Buildings, Expanding Its Leadership in Smart Building Technology
- 11.3.2. Agreement, Collaboration, & Partnership
- 11.3.2.1. Kognition Announces Partnership with View Inc. to Integrate Smart Building Cloud and Smart Glass Technology
- 11.3.3. New Product Launch & Enhancement
- 11.3.3.1. Siemens Launches Connect Box, a Smart IoT Solution to Manage Smaller Buildings
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.1.1. ABB Ltd.
- 12.1.2. Aquicore, Inc.
- 12.1.3. BuildingIQ
- 12.1.4. Cisco Systems, Inc.
- 12.1.5. CopperTree Analytics Inc.
- 12.1.6. Hitachi, Ltd.
- 12.1.7. Honeywell International Inc.
- 12.1.8. HP Development Company, L.P.
- 12.1.9. Huawei Technologies Co. Ltd.
- 12.1.10. Igor, Inc.
- 12.1.11. Intel Corporation
- 12.1.12. International Business Machines Corporation
- 12.1.13. Johnson Controls International PLC
- 12.1.14. KMC Controls, Inc.
- 12.1.15. L&T Technology Services Limited
- 12.1.16. Legrand S.A.
- 12.1.17. Metrikus Limited
- 12.1.18. Microsoft Corporation
- 12.1.19. Mitsubishi Corporation
- 12.1.20. Mode Green Integrated Building Technology
- 12.1.21. mySmart Pty Ltd.
- 12.1.22. Ove Arup & Partners International Limited
- 12.1.23. PointGrab Ltd.
- 12.1.24. PTC Inc.
- 12.1.25. Robert Bosch GmbH
- 12.1.26. Schneider Electric
- 12.1.27. Siemens AG
- 12.1.28. SMART Building Specialists
- 12.1.29. Verdigris Technologies, Inc.
- 12.1.30. Verizon
- 12.1.31. Wipro Limited
- 12.2. Key Product Portfolio
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook