Smart Building Market Experiencing Tremendous Tailwinds Through Consumerization Trends

supriya maximize

Dec 5, 2023 • 4 min read

Smart Building Market Overview

The "Smart Building Market" is undergoing significant changes, driven by technological advancements and shifting consumer preferences. As businesses navigate this ever-changing landscape, our comprehensive overview serves as a valuable resource to facilitate informed decisions and capitalize on emerging opportunities.

Market Value:

Smart Building Market was valued at US$ 80.92 Bn. in 2022. Global Smart Building Market size is estimated to grow at a CAGR of 10.89 %.

Trends for IoT-Smart Buildings:

Smart Energy Management

Projecting Maintenance and Asset Digitization:

Data -Driven Digital Services:

Agile Smart Workspace

Smarter Building Data Analytics Will Emerge Through IoT and AI Convergence

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Smart Building Market Report Scope and Research Methodology

The Smart Building Market report provides a comprehensive estimation of market sizes and segments, considering qualitative and quantitative aspects. It examines drivers, challenges, and investment opportunities for stakeholders. The report analyzes major companies' competitiveness, products, and regional markets. Utilizing primary and secondary research, it offers valuable insights for achieving higher growth in the Smart Building market. The report analyzes major companies' competitiveness, products, and regional markets, leveraging primary and secondary research to drive higher growth in the Smart Building market.

Smart Building Market Regional Insights

The report offers a comprehensive analysis, encompassing all factors such as market size, growth rate, and import-export activities across different regions. Through regional analysis, we provide detailed examination of the current status of the Smart Building market in various countries.

• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)

Smart Building Market Segmentation

by Component

Solutions
Building infrastructure Management
Parking Management System
Smart Water Management System
Elevators and Escalators Management System
Security and Emergency Management
Access Control System
Video Surveillance System
Safety System
Energy Management
HVAC Control System
Lighting System
Network Management
IWMS
Services
Consulting
Implementation
Support and Maintenance

The solution category is anticipated to expand at the highest CAGR of approximately 12.84% throughout the course of the projection period, depending on the component. The real estate sector's increasing demand for smart infrastructures is the reason behind this increase. New opportunities for market players are also presented by the rising adoption of IoT-based smart building systems and the increasing industry awareness of the need to implement energy-efficient solutions.

by Building Type

Residential
Commercial
Industrial

According to building type, the commercial category is expected to reach by 2029 at the highest CAGR of 13%. The requirement for appropriate and ideal solutions for maximized energy efficiency to reduce building energy consumption without sacrificing comfort or safety and enhance the energy performance of commercial buildings may be the driving force behind the expansion of the commercial segment.

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Smart Building Market Key Players

1. CISCO
2. HONEYWELL
3. JOHNSON CONTROLS
4. SIEMENS
5. IBM
6. HITACHI
7. SCHNEIDER ELECTRIC
8. INTEL
9. HUAWEI
10. ABB
11. LEGRAND
12. BOSCH
13. TELIT
14. PTC
15. KMC CONTROLS
16. VERDIGRIS TECHNOLOGIES
17. ACQUICORE
18. 75F
19. BUILDINGIQ
20. ENTOUCH
21. SOFTDEL
22. MODE:GREEN
23. COPPERTREE ANALYTICS
24. SPACETI
25. IGOR

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Key questions answered in the Smart Building Market are:

What is Smart Building?
What was the Smart Building market size in 2022?
What is the growth rate of the Smart Building Market?
Which are the factors expected to drive the Smart Building market growth?
What are the different segments of the Smart Building Market?
What growth strategies are the players considering to increase their presence in Smart Building?
What are the upcoming industry applications and trends for the Smart Building Market?
What major challenges could the Smart Building Market face in the future?
What segments are covered in the Smart Building Market?
Who are the leading companies and what are their portfolios in Smart Building Market?
What segments are covered in the Smart Building Market?
Who are the key players in the Smart Building market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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