Market Overview:
Smart Building Market is estimated to exhibit a significant CAGR of 19.70% during the review period. Increased reception of the IoT-enabled building management system and awareness about industry principles and regulations are the key market drivers enhancing market development.
Market CAGR for smart building is being driven by the rising developing reception of smart technology and demand for energy-efficient systems. The increasing urbanization is anticipated to fuel the worldwide smart building market development. Government all through the world is investing in smart city projects for improved infrastructure, cleaner transportation, intelligent buildings, and other smart technology keeping as a primary concern the urbanization trend. The increasing concern of rising energy utilization all through the world is anticipated to support advanced and energy-efficient technology.
The developing requirement for improved use of the building and the need for better resource management in metropolitan areas is increasing the reception of smart buildings in different regions. The smart building uses IoT and automated technologies to handle building capabilities like heating, cooling, ventilation, lighting, security, and other systems. There is increased use of advanced technology in smart buildings to collect information and manage them with the use of sensors, actuators, and central processors to provide the capabilities and services of an association. There is a decrease in energy utilization, improved space usage, and limiting buildings' environmental effects with smart infrastructure arrangements. The development of the smart building is likewise fueled by the developing need for public safety and security. The appearance of 5G technology and the development of smart city projects are anticipated to provide profitable chances for the development of the smart building industry.
Market Segmentation
Based on solutions, the safety and security management, energy management, building infrastructure management, and others categories make up the segmentation of the global smart building market.
The market is segmented into Consulting, Implementation, and Support & Maintenance based on the services they provide.
Regional Insights
The North American Smart Building market dominates the market due to the increasing public and private investments and rising digitization, and the government investment in computerized infrastructure to accelerate the US progress towards a computerized economy is giving a positive stance for smart buildings.
Europe exhibits the second-largest market of smart buildings owing to the increasing government investment in projects for the development of the smart city and furthermore the energy-saving and rising inhabitancies solace features of these smart infrastructures.
The Asia-Pacific Smart Building Market is expected to develop at the fastest rate in the future due to the developing government initiatives in developing commercial and residential structures and the use of advanced technology.
Major Players
Major players in the Smart Building market are Legrand, Honeywell International Inc., Nexii Building Solutions Inc., Cylon Controls, ABB Ltd., Johnson Controls, Smart Nation, Siemens AG, Cisco Systems Inc., IBM Corporation, Hitachi Ltd., Endeavor Business Media, Softdel System, KMC Controls, and others.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 OVERVIEW
- 1.2 MARKET ATTRACTIVENESS ANALYSIS
- 1.2.1 GLOBAL SMART BUILDING MARKET, BY AUTOMATION
- 1.2.2 GLOBAL SMART BUILDING MARKET, BY APPLICATION
- 1.2.3 GLOBAL SMART BUILDING MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 MARKET DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVES
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 GROWING NEED FOR ENERGY EFFICIENT BUILDING
- 4.2.2 INCREASING GOVERNMENT INITIATIVES TOWARD SMART INFRASTRUCTURE
- 4.2.3 DRIVERS IMPACT ANALYSIS
- 4.3 RESTRAINTS
- 4.3.1 LACK OF TECHNICAL EXPERTISE AND INFRASTRUCTURE IN DEVELOPING COUNTRIES
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
- 4.4 OPPORTUNITIES
- 4.4.1 INTEGRATION WITH 5G TECHNOLOGY
5 MARKET FACTOR ANALYSIS
- 5.1 VALUE CHAIN ANALYSIS
- 5.1.1 COMPONENT SUPPLIERS
- 5.1.2 PLATFORM DEVELOPERS
- 5.1.3 SYSTEM INTEGRATORS
- 5.1.4 END USER
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
6 GLOBAL SMART BUILDING MARKET, BY AUTOMATION
- 6.1 OVERVIEW
- 6.2 INTELLIGENT SECURITY SYSTEM
- 6.2.1 VIDEO SURVEILLANCE SYSTEM
- 6.2.1.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.2.1.2 USE CASES
- 6.2.2 ACCESS CONTROL SYSTEM
- 6.2.2.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.2.2.1 USE CASES
- 6.2.3 EMERGENCY MANAGEMENT SYSTEM
- 6.2.3.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.2.3.2 USE CASES
- 6.3 BUILDING ENERGY MANAGEMENT SYSTEM
- 6.3.1 ENERGY MANAGEMENT SYSTEM
- 6.3.1.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.3.1.2 USE CASES
- 6.3.2 HVAC CONTROL SYSTEM
- 6.3.2.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.3.2.2 USE CASES
- 6.3.3 LIGHTING CONTROL SYSTEM
- 6.3.3.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.3.3.2 USE CASES
- 6.4 INFRASTRUCTURE MANAGEMENT SYSTEM
- 6.4.1 ELEVATORS AND ESCALATORS MANAGEMENT SYSTEM
- 6.4.1.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.4.1.2 USE CASES
- 6.4.2 SMART WATER MANAGEMENT SYSTEM
- 6.4.2.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.4.2.2 USE CASES
- 6.4.3 PARKING MANAGEMENT SYSTEM
- 6.4.3.1 MARKET ESTIMATES & FORECAST BY REGION
- 6.4.3.2 USE CASES
- 6.5 NETWORK MANAGEMENT SYSTEM
7 GLOBAL SMART BUILDING MARKET, BY APPLICATION
- 7.1 OVERVIEW
- 7.2 COMMERCIAL
- 7.2.1 MARKET ESTIMATES & FORECAST BY REGION
- 7.3 INDUSTRIAL
- 7.3.1 MARKET ESTIMATES & FORECAST BY REGION
- 7.4 GOVERNMENT & PUBLIC INFRASTRUCTURE
- 7.4.1 MARKET ESTIMATES & FORECAST BY REGION
- 7.5 RESIDENTIAL
- 7.5.1 MARKET ESTIMATES & FORECAST BY REGION
8 GLOBAL SMART BUILDING MARKET, BY REGION
- 8.1 OVERVIEW
- 8.1.1 MARKET ESTIMATES AND FORECAST, BY REGION
- 8.2 NORTH AMERICA
- 8.2.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY
- 8.2.2 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.2.2.1 INTELLIGENT SECURITY SYSTEM, BY TYPE
- 8.2.2.2 BUILDING ENERGY MANAGEMENT SYSTEM, BY TYPE
- 8.2.2.3 INFRASTRUCTURE MANAGEMENT SYSTEM, BY TYPE
- 8.2.3 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.2.4 US
- 8.2.4.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.2.4.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.2.5 CANADA
- 8.2.5.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.2.5.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.2.6 MEXICO
- 8.2.6.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.2.6.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.3 EUROPE
- 8.3.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY
- 8.3.2 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.3.2.1 INTELLIGENT SECURITY SYSTEM, BY TYPE
- 8.3.2.2 BUILDING ENERGY MANAGEMENT SYSTEM, BY TYPE
- 8.3.2.3 INFRASTRUCTURE MANAGEMENT SYSTEM, BY TYPE
- 8.3.3 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.3.4 GERMANY
- 8.3.4.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.3.4.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.3.5 UK
- 8.3.5.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.3.5.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.3.6 FRANCE
- 8.3.6.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.3.6.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.3.7 ITALY
- 8.3.7.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.3.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.3.8 SPAIN
- 8.3.8.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.3.8.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.3.9 REST OF EUROPE
- 8.3.9.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.3.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4 ASIA-PACIFIC
- 8.4.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY
- 8.4.2 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.2.1 INTELLIGENT SECURITY SYSTEM, BY TYPE
- 8.4.2.2 BUILDING ENERGY MANAGEMENT SYSTEM, BY TYPE
- 8.4.2.3 INFRASTRUCTURE MANAGEMENT SYSTEM, BY TYPE
- 8.4.3 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.4 JAPAN
- 8.4.4.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.4.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.5 CHINA
- 8.4.5.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.5.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.6 INDIA
- 8.4.6.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.6.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.7 SOUTH KOREA
- 8.4.7.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.8 TAIWAN
- 8.4.8.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.8.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.9 MALAYSIA
- 8.4.9.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.9.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.10 SINGAPORE
- 8.4.10.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.10.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.11 INDONESIA
- 8.4.11.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.11.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.12 VIETNAM
- 8.4.12.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.12.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.13 THAILAND
- 8.4.13.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.13.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.4.14 REST OF ASIA-PACIFIC
- 8.4.14.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.4.14.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.5 MIDDLE EAST & AFRICA
- 8.5.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY
- 8.5.2 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.5.2.1 INTELLIGENT SECURITY SYSTEM, BY TYPE
- 8.5.2.2 BUILDING ENERGY MANAGEMENT SYSTEM, BY TYPE
- 8.5.2.3 INFRASTRUCTURE MANAGEMENT SYSTEM, BY TYPE
- 8.5.3 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.5.4 UAE
- 8.5.4.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.5.4.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.5.5 SAUDI ARABIA
- 8.5.5.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.5.5.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.5.6 ISRAEL
- 8.5.6.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.5.6.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.5.7 REST OF MIDDLE EAST & AFRICA
- 8.5.7.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.5.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.6 CENTRAL & SOUTH AMERICA
- 8.6.1 MARKET ESTIMATES AND FORECAST, BY COUNTRY
- 8.6.2 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.6.2.1 INTELLIGENT SECURITY SYSTEM, BY TYPE
- 8.6.2.2 BUILDING ENERGY MANAGEMENT SYSTEM, BY TYPE
- 8.6.2.3 INFRASTRUCTURE MANAGEMENT SYSTEM, BY TYPE
- 8.6.3 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.6.4 BRAZIL
- 8.6.4.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.6.4.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.6.5 PERU
- 8.6.5.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.6.5.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.6.6 CHILE
- 8.6.6.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.6.6.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
- 8.6.7 REST OF CENTRAL & SOUTH AMERICA
- 8.6.7.1 MARKET ESTIMATES AND FORECAST, BY AUTOMATION
- 8.6.7.2 MARKET ESTIMATES AND FORECAST, BY APPLICATION
9 COMPETITIVE LANDSCAPE
- 9.1 COMPETITIVE OVERVIEW
- 9.2 MAJOR PLAYER MARKET SHARE ANALYSIS
- 9.2.1 GLOBAL MARKET SHARE ANALYSIS
- 9.2.2 REGIONAL MARKET SHARE ANALYSIS
- 9.2.2.1 NORTH AMERICA
- 9.2.2.2 EUROPE
- 9.2.2.3 ASIA-PACIFIC
- 9.2.2.4 MIDDLE EAST & AFRICA
- 9.2.2.5 CENTRAL & SOUTH AMERICA
- 9.3 COMPETITIVE BENCHMARKING
- 9.4 KEY DEVELOPMENT AND GROWTH STRATEGIES
- 9.4.1 NEW PRODUCT LAUNCHES/DEVELOPMENT/ENHANCEMENT
- 9.4.2 PARTNERSHIP/COLLABORATION
- 9.4.3 ACQUISITION/CONTRACT
10 COMPANY PROFILES
- 10.1 CONTROL4 CORPORATION
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGIES
- 10.2 UNITED TECHNOLOGIES CORPORATION
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
- 10.3 HCL TECHNOLOGIES LIMITED
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
- 10.4 PANASONIC CORPORATION
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
- 10.5 ADVANTECH CO. LTD
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
- 10.6 JOHNSON CONTROLS INTERNATIONAL PLC
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
- 10.7 HITACHI LTD
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 KEY STRATEGIES
- 10.8 SONY CORPORATION
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGIES
- 10.9 IBM CORPORATION
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGIES
- 10.10 CISCO SYSTEMS INC
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 SWOT ANALYSIS
- 10.10.6 KEY STRATEGIES
- 10.11 HONEYWELL INTERNATIONAL, INC.
- 10.11.1 COMPANY OVERVIEW
- 10.11.2 FINANCIAL OVERVIEW
- 10.11.3 PRODUCTS OFFERED
- 10.11.4 KEY DEVELOPMENTS
- 10.11.5 SWOT ANALYSIS
- 10.11.6 KEY STRATEGIES
- 10.12 EMERSON ELECTRIC CO
- 10.12.1 COMPANY OVERVIEW
- 10.12.2 FINANCIAL OVERVIEW
- 10.12.3 PRODUCTS OFFERED
- 10.12.4 KEY DEVELOPMENTS
- 10.12.5 SWOT ANALYSIS
- 10.12.6 KEY STRATEGIES
- 10.13 GEZE GMBH
- 10.13.1 COMPANY OVERVIEW
- 10.13.2 FINANCIAL OVERVIEW
- 10.13.3 PRODUCTS OFFERED
- 10.13.4 KEY DEVELOPMENTS
- 10.13.5 SWOT ANALYSIS
- 10.13.6 KEY STRATEGIES
- 10.14 OVERKIZ
- 10.14.1 COMPANY OVERVIEW
- 10.14.2 FINANCIAL OVERVIEW
- 10.14.3 PRODUCTS OFFERED
- 10.14.4 KEY DEVELOPMENTS
- 10.14.5 SWOT ANALYSIS
- 10.14.6 KEY STRATEGIES
- 10.15 ABB GROUP
- 10.15.1 COMPANY OVERVIEW
- 10.15.2 FINANCIAL OVERVIEW
- 10.15.3 PRODUCTS OFFERED
- 10.15.4 KEY DEVELOPMENTS
- 10.15.5 SWOT ANALYSIS
- 10.15.6 KEY STRATEGIES
- 10.16 SIEMENS AG
- 10.16.1 COMPANY OVERVIEW
- 10.16.2 FINANCIAL OVERVIEW
- 10.16.3 PRODUCTS OFFERED
- 10.16.4 KEY DEVELOPMENTS
- 10.16.5 SWOT ANALYSIS
- 10.16.6 KEY STRATEGIES
- 10.17 SCHNEIDER ELECTRIC SE
- 10.17.1 COMPANY OVERVIEW
- 10.17.2 FINANCIAL OVERVIEW
- 10.17.3 PRODUCTS OFFERED
- 10.17.4 KEY DEVELOPMENTS
- 10.17.5 SWOT ANALYSIS
- 10.17.6 KEY STRATEGIES
- 10.18 LEGRAND SA
- 10.18.1 COMPANY OVERVIEW
- 10.18.2 FINANCIAL OVERVIEW
- 10.18.3 PRODUCTS OFFERED
- 10.18.4 KEY DEVELOPMENTS
- 10.18.5 SWOT ANALYSIS
- 10.18.6 KEY STRATEGY
- 10.19 HUAWEI TECHNOLOGIES CO. LTD
- 10.19.1 COMPANY OVERVIEW
- 10.19.2 FINANCIAL OVERVIEW
- 10.19.3 PRODUCTS OFFERED
- 10.19.4 KEY DEVELOPMENTS
- 10.19.5 SWOT ANALYSIS
- 10.19.6 KEY STRATEGIES