Global Smart Building Market Growth (Status and Outlook) 2023-2029

Global Smart Building Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Smart Building Industry Forecast” looks at past sales and reviews total world Smart Building sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Building sales for 2023 through 2029. With Smart Building sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Building industry.
This Insight Report provides a comprehensive analysis of the global Smart Building landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Building portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Building market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Building and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Building.
The global Smart Building market size is projected to grow from US$ 67240 million in 2022 to US$ 152850 million in 2029; it is expected to grow at a CAGR of 12.4% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Building market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Building Management System (BMS)
HVAC
Lighting Control
Security and Access Control
Emergency Alarm and Evacuation System
Audio and Visual Effects
Escalator
Elevator
Others
Segmentation by application
Government Buildings
Residential Buildings
Commercial Building
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Johnson Controls
Honeywell
Schneider
UTC
Siemens
Ingersoll Rand (Trane)
Azbil
ABB
Emerson
Eaton
Control4
Bosch
Panasonic
Delta Controls
Legrand
Cisco
IBM
Advantech
Current (GE)
Carrier
Otis
Hitachi

Please note: The report will take approximately 2 business days to prepare and deliver.