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Global Smart Building Market Size, Share, Growth, Trends: By Component: Building Infrastructure Management Solution, Energy Management Solution, Workforce Management Solution, Others; By Building Type: Commercial Residential, Industrial; Regional Analysis; Market Dynamics; SWOT Analysis; Competitive Landscape; 2024-2032
Leading Companies in the Smart Building Market
Market players are focused on developing solutions for energy management and physical security systems, to cater to the growing demand for sustainable and efficient buildings
Honeywell International Inc. is a multinational conglomerate corporation headquartered in Charlotte, North Carolina. Founded in 1925, it operates in four main areas: aerospace, building automation, performance materials and technologies (PMT), and safety and productivity solutions (SPS). It is known for its innovative solutions in energy efficiency, automation, and cybersecurity areas.
Cisco Systems, Inc. is a multinational technology company headquartered in San Jose, California. Founded in 1984, it specialises in networking hardware, software, and services. Cisco is known for its routers, switches, and network security solutions. The company has a significant presence in the global IT industry and is a major player in the development of the Internet of Things (IoT).
Siemens AG, founded in 1847, headquartered in Munich, Germany, is a leading provider of industrial automation solutions for energy, healthcare, and transportation industries. The company has a significant global presence and is known for its innovative technologies and solutions in areas such as industrial automation and renewable energy.
Hitachi, Ltd. is a Japanese multinational conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable energy solutions, railway systems, healthcare products, and financial systems.
Other key players in the global smart building market include Schneider Electric SE, and Huawei Technologies Co., Ltd., among others.
Smart Building Market Report Snapshots
Smart Building Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Smart Building Market Forecast (2024-2032)
8.4 Global Smart Building Market by Component
8.4.1 Building Infrastructure Management Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Energy Management Solution
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Workforce Management Solution
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Network Management Solution
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Services
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Smart Building Market by Building Type
8.5.1 Commercial
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Residential
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Smart Building Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Smart Building Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Building Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Building Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Building Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Building Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Smart Building Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Smart Building Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Smart Building Historical Market: Breakup by Building Type (USD Billion), 2018-2023
5. Global Smart Building Market Forecast: Breakup by Building Type (USD Billion), 2024-2032
6. Global Smart Building Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Smart Building Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Smart Building Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Smart Building Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Smart Building Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Smart Building Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Smart Building Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Smart Building Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Smart Building Market Structure
Key Questions Answered in the Report
In 2023, the global smart building market attained a value of nearly USD 86.39 billion.
The market is expected to grow at a CAGR of 10.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 210.46 billion by 2032.
The rapid urbanisation, stringent government regulations aimed at environmental sustainability, rising demand for occupant’s safety, investments in smart city projects, and need to reduce energy consumption and costs are factors expected to aid the market growth.
Key trends aiding market expansion include the growing technological advancements, favourable government initiatives, and rising smart city projects.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of smart building are commercial, residential, and industrial.
The major components considered within the market report are building infrastructure management solution, energy management solution, workforce management solution, network management solution, and services.
Key players in the market are Honeywell International Inc., Cisco Systems, Inc., Siemens AG, Hitachi, Ltd., Schneider Electric SE, and Huawei Technologies Co., Ltd., among others.
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