The global smart building market size is expected to reach around US$ 160 Billion by 2026 growing at a noteworthy CAGR of 15.3% from forecast period 2019 to 2026.
The smart building refers to the structure where all the control operations including heating, ventilation, air conditioning (HVAC), lighting, and security among others are controlled by the automated processes. A smart building uses microchips, actuators, and sensors for collecting and managing data as per the requirement. Smart building infrastructure helps owners, operators and facility managers to improve the performance and reliability of the assets, which efficiently uses the spaces, reduces energy uses and subsequently minimizes the environmental impact of buildings. The smart buildings make the residents more comfortable with lighting, thermal comfort; air quality, physical security, and sanitation. Various types of facilities are incorporated into a smart building, which includes video surveillance system, access control system, emergency management system, energy management platform, have control system, lighting control system, parking management system, smart water management system, and elevators and escalators management system. In addition, various types of services are provided by the global players for the accomplishment of a smart building project such as consulting, system integration, deployment, support, and maintenance services. Apart from these, smart buildings have applications across commercial buildings, residential buildings, government & public infrastructure facilities, educational institutions and others.
Market Dynamics
The rising adoption of IoT enabled building management systems across the globe is driving market growth. Rising awareness among the residents about space utilization owing to the increasing population is propelling the market growth. Increasing industry standards and regulations for building construction is further accelerating the market value. The continuously growing need for energy-efficient building solutions across the globe is stimulating the demand in the market. Increasing smart city trends in emerging economies across the globe are favoring the demand in the market. In addition, increasing government initiatives toward smart infrastructure especially in developed and developing economies are also supporting the market growth.
However, the lack of cooperation among standard bodies is likely to hamper the growth over the forecast period. Lack of skilled professionals and rising privacy and security concern with the use of connected solutions is projected to be the major challenges to market growth. Furthermore, the emergence of 5G technology across the world is expected to create potential opportunities over the forecast period.
On the basis of building type, commercial buildings are expected to dominate the segment over the forecast period. The segment is also experiencing positive growth owing to the increasing need for energy-efficient solutions for reducing energy consumption without compromising comfort and security. The advantages associated with the smart building, such as less energy consumption, improve building efficiency, predictive maintenance, increased productivity, and better use of resources are further bolstering the demand of smart building in the regional market. In addition, increasing regulations on commercial infrastructure for reducing the generation of carbon and other solid wastes are further supporting the segment growth.
The market research study on “Smart Building Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global smart building market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global smart building market, its solution, product, building type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global smart building market size and volume, and segment markets by solution, product, building type, and geography along with the information on companies operating in the market. The smart building market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
By region, North America is expected to lead the global smart building market during the forecast period. The region is considered as a developed and technologically advanced country, which is a major reason of regional growth. The region is experience growth owing to the use of latest technology solutions including data analytics, IoT, cloud computing, big data, deep learning, and artificial intelligence, for increasing occupancy comfort, saving energy, reducing operational expenditures, and meeting increasingly stringent global standards for sustainability. The governments of prominent countries including the US and Canada are investing in smarter, safer, and more sustainable buildings solutions is further propelling the regional market value. In addition, the Canadian government is taking initiatives for protecting the environment and its resources is further supporting the regional market growth.
The players profiled in the report Siemens, Honeywell, Schneider Electric, Johnson Controls, United Technologies, Cisco, Control4, Delta Controls, Emerson, IBM and Others. The major players are involve in adopting key strategies including mergers & acquisition, partnerships and new product development for expanding the product portfolio and market share.
Market Segmentation
Market By Solutions
- Software
- Hardware
- Services
Market By Product
- Building management system (BMS)
- Heating, ventilating, and air conditioning (HVAC)
- Lighting control
- Security and access control
- Emergency alarm and evacuation system
- Audio and visual effects
Market By Building Type
- Commercial Buildings
- Residential Buildings
- Government & Public Infrastructure Facilities
- Educational Institutions
- Others
Market By Geography
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Smart Building
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Smart Building Market By Solutions
1.2.2.1. Global Smart Building Market Revenue and Growth Rate Comparison By Solutions (2015-2026)
1.2.2.2. Global Smart Building Market Revenue Share By Solutions in 2018
1.2.2.3. Software
1.2.2.4. Hardware
1.2.2.5. Services
1.2.3. Smart Building Market By Product
1.2.3.1. Global Smart Building Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.3.2. Building management system (BMS)
1.2.3.3. Heating, ventilating, and air conditioning (HVAC)
1.2.3.4. Lighting control
1.2.3.5. Security and access control
1.2.3.6. Emergency alarm and evacuation system
1.2.3.7. Audio and visual effects
1.2.4. Smart Building Market By Building Type
1.2.4.1. Global Smart Building Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.4.2. Commercial Buildings
1.2.4.3. Residential Buildings
1.2.4.4. Government & Public Infrastructure Facilities
1.2.4.5. Educational Institutions
1.2.4.6. Others
1.2.5. Smart Building Market By Geography
1.2.5.1. Global Smart Building Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Smart Building Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Smart Building Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Smart Building Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Smart Building Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Smart Building Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Smart Building Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Smart Building Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Smart Building Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Smart Building Major Manufacturers in 2018
CHAPTER 4. SMART BUILDING MARKET BY SOLUTIONS
4.1. Global Smart Building Revenue By Solutions
4.2. Software
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Hardware
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Services
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. SMART BUILDING MARKET BY PRODUCT
5.1. Global Smart Building Revenue By Product
5.2. Building management system (BMS)
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Heating, ventilating, and air conditioning (HVAC)
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Lighting control
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Security and access control
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Emergency alarm and evacuation system
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Audio and visual effects
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. SMART BUILDING MARKET By Building Type
6.1. Global Smart Building Revenue By Product
6.2. Commercial Buildings
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Residential Buildings
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Government & Public Infrastructure Facilities
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Educational Institutions
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.6. Others
6.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA SMART BUILDING MARKET BY COUNTRY
7.1. North America Smart Building Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Smart Building Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Smart Building Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE SMART BUILDING MARKET BY COUNTRY
8.1. Europe Smart Building Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Smart Building Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC SMART BUILDING MARKET BY COUNTRY
9.1. Asia-Pacific Smart Building Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Smart Building Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA SMART BUILDING MARKET BY COUNTRY
10.1. Latin America Smart Building Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Smart Building Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA SMART BUILDING MARKET BY COUNTRY
11.1. Middle East & AFRICA Smart Building Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & AFRICA Smart Building Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Solutions, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Building Type, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Siemens
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Honeywell
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Schneider Electric
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Johnson Controls
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. United Technologies
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Cisco
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Control4
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Delta Controls
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Emerson
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. IBM
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
