September 23, 2021

Smart Building Market Size US$ 127.09 Bn by 2027

The smart building market surpassed US$ 49.35 billion in 2020 and is predicted to hit around US$ 127.09 Bn by 2027, growing at a CAGR of 12.5% from 2021 to 2027.

This report on the global smart building market provides analysis for the period 2017–2027, wherein 2020 is the base year and the period from 2021 to 2027 is the forecast period. Data for 2020 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and technology advancements that are expected to influence the expansion of the smart building market during the forecast period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (US$ Mn) across different geographies.

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Geographically, the global smart building market is divided into regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The regional smart building markets have been analyzed in terms of value in US dollars (US$). Prominent countries profiled in the report include the U.S, Canada, Germany, the U.K., France, China, India, Japan, Malaysia, Singapore, Taiwan, Indonesia, Vietnam, Philippines, Thailand, GCC, South Africa, and Brazil.

Scope of the Study

The report also includes key technological developments in the smart building market. The report includes Porter Five Force analysis, which highlights suppliers’ power of influence, buyers’ power of influence, threat from new market players, any threat of substitution, and level of competition among smart building service providers. Value chain analysis, identifying raw material suppliers including third-party raw material suppliers, smart building service providers, and end-use industries (healthcare) is also covered in the report. Regional trends and each segment’s incremental opportunity analysis have also been added in the report. The report also covers incremental opportunity analysis of a segment’s attractiveness on the basis of market share index and CAGR across North America, Europe, Asia Pacific, Middle East & Africa, and South America. In Asia Pacific, we have provided incremental opportunity analysis of hard and soft services of China, India, Japan, Malaysia, Singapore, Taiwan, Indonesia, Vietnam, the Philippines, and Thailand.

Competitive Landscape

The report also includes market share analysis of major players operating in the global smart building market based on their 2020 revenues, competition landscape, which includes competition matrix, and geographical spread. The report benchmarks leading companies on the basis of their capabilities and potential to grow. Factors including R&D focus are attributed to a company’s capabilities, market position, and offerings. Factors including revenue growth, market share, segmental growth, infrastructure facilities, and future outlook are attributed to a company’s’ potential to grow.

Company profiles of major players include overview of company, major business strategies, and key developments.

Some of the prominent players in the smart building market include:

  • Siemens AG
  • Schneider Electric
  • ABB Ltd.
  • Cisco Systems Ltd.
  • IBM Corp.
  • United Technologies
  • Delta Controls
  • Building IQ
  • Johnson Controls
  • Honeywell International Inc.
  • Legrand
  • Hitachi Ltd.
  • Thales Group
  • Accenture
  • Emerson Electric Company

Market Segmentation

By Component

  • Solution
    • Security & Emergency Management
      • Video Surveillance System
      • Safety System
      • Access Control System
      • Others
    • Building Infrastructure Management
      • Elevators & Escalators System
      • Parking Management System
      • Smart Water Management System
      • Others
    • Energy Management
      • Lighting Control System
      • HVAC Control System
  • Services
      • Support & Maintenance
      • System Integration & Deployment
      • Consulting

By Application

  • Commercial
    • Retail
    • Hotel
    • Healthcare
    • Others
  • Residential

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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