The global market for Smart Buildings was estimated at US$80.7 Billion in 2023, and is projected to reach US$176.9 Billion by 2030, growing at a CAGR of 11.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Smart Building Solutions segment, which is expected to reach US$98.0 Billion by 2030 with a CAGR of a 11.0%. The Smart Building Services segment is also set to grow at 13.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $24.2 Billion in 2023, and China, forecasted to grow at an impressive 13.8% CAGR to reach $28.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Buildings Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Buildings Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Buildings Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 166 Featured):
- 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. METHODOLOGYII. 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
- 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 | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 80.7 Billion |
| Forecasted Market Value ( USD | $ 176.9 Billion |
| Compound Annual Growth Rate | 11.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
