The global market for Smart Buildings was valued at US$99.2 Billion in 2024 and is projected to reach US$197.3 Billion by 2030, growing at a CAGR of 12.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly expanded the capabilities of smart buildings. Integration with AI allows for predictive maintenance, where the system anticipates and addresses potential issues before they become critical, thereby avoiding downtime and extending the lifespan of building systems. Smart lighting systems adjust based on natural light availability and occupancy, enhancing energy efficiency. Advanced security systems using facial recognition, biometric access, and real-time surveillance provide enhanced safety for occupants. Furthermore, smart buildings can communicate with power grids to participate in demand response programs, contributing to grid stability and energy savings. These buildings are also increasingly being designed with modular systems, making it easier to upgrade technologies as new innovations emerge, ensuring long-term adaptability and relevance.
The growth in the smart buildings market is driven by several factors, including the rising demand for energy-efficient solutions, advancements in IoT and AI technologies, and increasing urbanization. The push for sustainability and stringent energy regulations have compelled building owners and developers to adopt smart technologies that reduce carbon footprints and comply with environmental standards. Technological advancements, particularly in IoT and AI, have made it feasible to implement complex automation and analytics systems, enhancing the functionality and appeal of smart buildings. Additionally, the rapid pace of urbanization has led to a surge in new construction projects, creating opportunities for integrating smart technologies from the ground up. The growing awareness of the benefits of smart buildings, such as enhanced comfort, safety, and cost savings, further drives their adoption across residential, commercial, and industrial sectors. These factors collectively underscore the significant and sustained growth of the smart buildings market, highlighting its pivotal role in shaping the future of urban living and working environments.
Global Smart Buildings Market - Key Trends & Drivers Summarized
Smart buildings represent the forefront of modern architecture and urban planning, integrating advanced technologies to enhance the efficiency, comfort, and sustainability of built environments. These buildings leverage the Internet of Things (IoT), artificial intelligence (AI), and data analytics to create interconnected systems that manage heating, ventilation, air conditioning (HVAC), lighting, security, and other critical operations autonomously. Sensors and smart meters collect real-time data on energy usage, occupancy, and environmental conditions, which is then analyzed to optimize resource consumption and maintain ideal indoor environments. The aim is to reduce energy consumption, lower operational costs, and provide occupants with a more comfortable and productive living or working space.Technological advancements have significantly expanded the capabilities of smart buildings. Integration with AI allows for predictive maintenance, where the system anticipates and addresses potential issues before they become critical, thereby avoiding downtime and extending the lifespan of building systems. Smart lighting systems adjust based on natural light availability and occupancy, enhancing energy efficiency. Advanced security systems using facial recognition, biometric access, and real-time surveillance provide enhanced safety for occupants. Furthermore, smart buildings can communicate with power grids to participate in demand response programs, contributing to grid stability and energy savings. These buildings are also increasingly being designed with modular systems, making it easier to upgrade technologies as new innovations emerge, ensuring long-term adaptability and relevance.
The growth in the smart buildings market is driven by several factors, including the rising demand for energy-efficient solutions, advancements in IoT and AI technologies, and increasing urbanization. The push for sustainability and stringent energy regulations have compelled building owners and developers to adopt smart technologies that reduce carbon footprints and comply with environmental standards. Technological advancements, particularly in IoT and AI, have made it feasible to implement complex automation and analytics systems, enhancing the functionality and appeal of smart buildings. Additionally, the rapid pace of urbanization has led to a surge in new construction projects, creating opportunities for integrating smart technologies from the ground up. The growing awareness of the benefits of smart buildings, such as enhanced comfort, safety, and cost savings, further drives their adoption across residential, commercial, and industrial sectors. These factors collectively underscore the significant and sustained growth of the smart buildings market, highlighting its pivotal role in shaping the future of urban living and working environments.
Scope of the Study
The report analyzes the Smart Buildings market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Component (Solutions, Services); Building Type (Commercial, Industrial, Residential).Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Smart Buildings Solutions segment, which is expected to reach US$110.0 Billion by 2030 with a CAGR of a 11.3%. The Smart Buildings Services segment is also set to grow at 13.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $26.8 Billion in 2024, and China, forecasted to grow at an impressive 13.9% CAGR to reach $28.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Avnet Inc., Cisco Systems Inc., Delta Electronics, Inc., Emerson Electric Co. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Buildings Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Buildings Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Buildings Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 166 major companies featured in this Smart Buildings market report include:
- ABB Ltd.
- Avnet Inc.
- Cisco Systems Inc.
- Delta Electronics, Inc.
- Emerson Electric Co.
- GridPoint, Inc.
- Hitachi Ltd.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Johnson Controls, Inc.
- Legrand SA
- Phoenix Energy Technologies
- Schneider Electric SE
- Siemens AG
- Softdel (A UNIDEL Company)
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Avnet Inc.
- Cisco Systems Inc.
- Delta Electronics, Inc.
- Emerson Electric Co.
- GridPoint, Inc.
- Hitachi Ltd.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Johnson Controls, Inc.
- Legrand SA
- Phoenix Energy Technologies
- Schneider Electric SE
- Siemens AG
- Softdel (A UNIDEL Company)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 538 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 99.2 Billion |
| Forecasted Market Value ( USD | $ 197.3 Billion |
| Compound Annual Growth Rate | 12.1% |
| Regions Covered | Global |
