Global Smart Home and Smart Building Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Smart Home and Smart Building Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Smart Home and Smart Building market size was valued at USD 70720 million in 2023 and is forecast to a readjusted size of USD 151370 million by 2030 with a CAGR of 11.5% during review period.

A Smart Building is: Also referred to as an Intelligent Building. Smart buildings improve the productivity of people and processes by leveraging technology & actionable information to help you & your building make better decisions and become smart, efficient and sustainable.An integrated Smart Building with various sub-systems including: Intelligent Integrated System (IIS), Information Technology System Infrastructure (ITSI), Information Technology Applying System (ITAS), Building facilities Management System (BMS), Public Security System (PSS) and Engineering of Electronic Equipment Plant (EEEP). The integrated system integrates the isolated devices, functionalities and information of BMS, PSS, ITAS into a correlated and harmonized system via ITSI, with stability, combinability and extendibility by ensuring to the combined management and correlations of the system’s devices.

The major players inglobal smart building market include Johnson Controls, Honeywell, Schneider, UTC, etc. The top 3 players hold over 20% of global market shares. North America and Europe are main markets, they occupy over 68% of the global market. Building management system (BMS), security and access control, emergency alarm and evacuation system are three main types, with a share about 60% altogher. Commercial buildings is the key application, which hold about 70% shares.

The Global Info Research report includes an overview of the development of the Smart Home and Smart Building industry chain, the market status of Commercial Buildings (Energy Management Systems, Security & Access Control), Residential Buildings (Energy Management Systems, Security & Access Control), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Smart Home and Smart Building.

Regionally, the report analyzes the Smart Home and Smart Building markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Smart Home and Smart Building market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Smart Home and Smart Building market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Smart Home and Smart Building industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Energy Management Systems, Security & Access Control).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Smart Home and Smart Building market.

Regional Analysis: The report involves examining the Smart Home and Smart Building market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Smart Home and Smart Building market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Smart Home and Smart Building:

Company Analysis: Report covers individual Smart Home and Smart Building players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Smart Home and Smart Building This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Commercial Buildings, Residential Buildings).

Technology Analysis: Report covers specific technologies relevant to Smart Home and Smart Building. It assesses the current state, advancements, and potential future developments in Smart Home and Smart Building areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Smart Home and Smart Building market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Smart Home and Smart Building market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
Energy Management Systems
Security & Access Control
Lighting Control
Home Appliances Control
Entertainment Control

Market segment by Application
Commercial Buildings
Residential Buildings
Government Buildings

Market segment by players, this report covers
Honeywell
ADT
Johnson Controls
Siemens
UTC
Schneider
Ingersoll Rand
Azbil
General Electric
Eaton
Legrand
ABB
Nortek
Crestron
Lutron
Leviton
Comcast
Acuity Brands
Alarm.com
Control4
Sonos
Savant

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Smart Home and Smart Building product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Smart Home and Smart Building, with revenue, gross margin and global market share of Smart Home and Smart Building from 2019 to 2024.

Chapter 3, the Smart Home and Smart Building competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Smart Home and Smart Building market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Smart Home and Smart Building.

Chapter 13, to describe Smart Home and Smart Building research findings and conclusion.