Adroit Market Research - Industry Insights
Global Smart Building Market Size by Type (Intelligent security system, Network management system, Building energy management system and Infrastructure management system), By End User (Residential, Commercial and Industrial), By Region and Forecast 2018 to 2025
Aug 2019
Total Pages: 70
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A smart building uses automated technology to control the building’s various operations like air conditioning, lighting, security, heating, ventilation, and other systems. These solutions have the application of actuators, sensors, and microchips, to collect and manage data. Smart buildings facilitate owners in improving asset reliability and performance which gradually optimize space utilization, reduce energy use and reduces the environmental impact of buildings.
_1.png "Global Smart Building Market 2013-2025 (USD Million)")
The global smart building market size is projected to reach USD 42.70 billion by 2025. The major factor driving smart building market growth is the growing global energy usage concerns. Energy utilization is increasing at a faster rate, so finding efficient ways to use it wisely is necessary. Since the number of commercial complexes that consume major amounts of power and other types of energy has doubled, the requirement for automation systems has boosted and is expected to grow in the coming years.
The support and investments by government and organizations are also the factors due to which the demand for smart building solutions in increasing. For instance, in January 2019, Smartworld a UAE based system integrator had entered into a partnership with Honeywell Building Solutions to offer its smart building technology. This partnership will enable UAE to enhance its smart building integrated and IoT-enabled solutions offering. Moreover, in the coming years, the technology spending for smart cities and smart buildings in the Middle East & Africa is going to double i.e. from USD 1.30 billion to USD 2.70 billion within a year.
Key Segments of the Global Smart Building Market
Type Overview, 2015-2025 (USD Billion)
- Intelligent security system
- Network management system
- Building energy management system
- Infrastructure management system
End-User Overview, 2015-2025 (USD Billion)
- Residential
- Commercial
- Industrial
Regional Overview, 2015-2025 (USD Billion)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Germany
- Italy
- Spain
- Belgium
- Netherlands
- Austria
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Australia
- South Korea
- Southeast Asia
- Rest of APAC
- South America
- Brazil
- Argentina
- Chile
- Peru
- Rest of South America
- Middle East and Africa
- Egypt
- Iran
- Israel
- South Africa
- GCC
- Turkey
- Rest of Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global smart building market. Benchmark yourself against the rest of the market.
- Be prepared for how smart building trends and the global smart building market will be impacted by socio-political and economic factors over the next few years
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
What does the report include?
- The study on the global smart building market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
- The study covers a qualitative and quantitative analysis of the market segmented on the basis of type and end-user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant Global and/or regional presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global smart building market. The report will benefit:
- Every stakeholder involved in manufacturing and distributing smart building solutions.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global smart building market.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative global smart building solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Smart building technology should enable real estate investors to boost their ROI in two respects, one in savings from generating more traditional operating efficiencies through energy, water, and space conservation, and another in price gains per square meter by optimizing the tenant experience. Today's most sophisticated smart buildings have up to 30,000 sensors that track changes in foot traffic, temperature internal and external, HVAC system efficiency, build system outages, worker movement and preferences, and more. Data extracted from these sensors combined with data from blogs, web posts, and social media can help us understand the most valued stakeholders. For all this, a platform that collects and integrates the data to provide useful outputs is needed.
Smart buildings are extremely energy-efficient, using technology to monitor the usage of electricity and water closely and optimize it. Smart buildings will be essential for maintaining the functioning of electricity grids and achieving ambitious de-carbonization objectives set by national governments. Europe and North America are backed by an aging national electricity infrastructure that needs substantial investment in order to satisfy increasing demand, put pressure on utilities to achieve operational efficiencies or find better methods to supply energy. A smart electricity grid uses data on energy consumption to find out the efficiencies and improve the reliability of supply. Connected energy meters, appliances, and sensors are used in a smart grid to provide information on energy use habits to utility companies. The smart grid, however, relies on smart buildings. Buildings account for around 40% of total energy consumption and 36% of overall carbon emissions. New York, Boston, Philadelphia and other major American cities have established building energy benchmarks ordinances requiring thousands of commercial buildings to track and publically report their energy consumption. In the EU, Directive 2010/31 promotes the ultimate goal of ensuring that all new buildings are nearly zero-energy buildings by 2020, to produce almost as much energy onsite as they consume.
Type Segment
On the basis of types of smart building solutions, the market is categorized into an intelligent security system, network management system, building energy management system and infrastructure management system. Building energy management system dominated the overall smart building market which occupied a 36.5% share in 2018 and is expected to maintain its position over the forecast period 2019 -2025. Owing to rising concerns about wastage of electricity in residential and commercial spaces, owners and building contractors are installing smart solutions to reduce the wastage and optimize the use of resources in an efficient way.
End-User Segment
On the basis of end-user, this market covers categories like residential, commercial and industrial. In 2018, smart buildings market has high-end users for commercial buildings while residential end-users are predicted to adopt the smart building solution with the higher rate.
-2013-2025-(USD-Million).png "Global Smart Building Market, by End-User (Commercial) 2013-2025 (USD Million)")
On the geographical front, Europe dominated the global smart building market in 2018 and is expected to do so over the forecast period 2019 – 2025. Europe’s market growth owes to the stringent regulations to reduce carbon footprint and conserve energy resources most of the countries including Germany, France, Italy, Span, and others had installed smart solutions in their residential and commercial building. Moreover, there is a lot of potentials for smart building solutions market to grow in Nordic countries and Eastern Europe countries.
.png "Asia-Pacific Smart building, by Region, 2013-2018 (USD Billion)")
The Asia-pacific market is expected to have the fastest growth with 33.7% CAGR over the forecast period. The growth owes to the higher adoption by companies to heighten productivity and efficiency. By installing IoT devices into the workplace or making a building smart with other measures improve employee productivity. Another key driver is the older population living away led to the development of mobile health due to the concern of safety and security. Mobile health offers easy access to healthcare applications that are used to monitor the elderly’s health. Mobile health, in turn, drive smart homes and buildings market.
The major players of global smart building market are Honeywell, Johnson Controls, Siemens, United Technologies Corporation, Schneider Electric, Ingersoll Rand Inc., Azbil, ABB Ltd., Emerson Electric Company and Crestron Electronics, Inc. As of 2018, the market for smart building solution providers is fragmented with the presence of established global and domestic players across the globe. Moreover, the established companies are coming up with new versions of smart applications to manage smart solutions by using smart devices. For instance, Honeywell expanded its smart building application in April 2018 to include mapping to help people find an easy way around large buildings. The Honeywell Vector Occupant App was designed to allow individuals to communicate with smart building features. The additional features use GPS-like technology to help people find their way around complex, non-directionally navigable buildings.
A smart building uses automated technology to control the building’s various operations like air conditioning, lighting, security, heating, ventilation, and other systems. These solutions have the application of actuators, sensors, and microchips, to collect and manage data. Smart buildings facilitate owners in improving asset reliability and performance which gradually optimize space utilization, reduce energy use and reduces the environmental impact of buildings.
The global smart building market size is projected to reach USD 42.70 billion by 2025. The major factor driving smart building market growth is the growing global energy usage concerns. Energy utilization is increasing at a faster rate, so finding efficient ways to use it wisely is necessary. Since the number of commercial complexes that consume major amounts of power and other types of energy has doubled, the requirement for automation systems has boosted and is expected to grow in the coming years.
The support and investments by government and organizations are also the factors due to which the demand for smart building solutions in increasing. For instance, in January 2019, Smartworld a UAE based system integrator had entered into a partnership with Honeywell Building Solutions to offer its smart building technology. This partnership will enable UAE to enhance its smart building integrated and IoT-enabled solutions offering. Moreover, in the coming years, the technology spending for smart cities and smart buildings in the Middle East & Africa is going to double i.e. from USD 1.30 billion to USD 2.70 billion within a year.
Key Segments of the Global Smart Building Market
Type Overview, 2015-2025 (USD Billion)
- Intelligent security system
- Network management system
- Building energy management system
- Infrastructure management system
End-User Overview, 2015-2025 (USD Billion)
- Residential
- Commercial
- Industrial
Regional Overview, 2015-2025 (USD Billion)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Germany
- Italy
- Spain
- Belgium
- Netherlands
- Austria
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Australia
- South Korea
- Southeast Asia
- Rest of APAC
- South America
- Brazil
- Argentina
- Chile
- Peru
- Rest of South America
- Middle East and Africa
- Egypt
- Iran
- Israel
- South Africa
- GCC
- Turkey
- Rest of Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global smart building market. Benchmark yourself against the rest of the market.
- Be prepared for how smart building trends and the global smart building market will be impacted by socio-political and economic factors over the next few years
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
What does the report include?
- The study on the global smart building market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
- The study covers a qualitative and quantitative analysis of the market segmented on the basis of type and end-user. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant Global and/or regional presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global smart building market. The report will benefit:
- Every stakeholder involved in manufacturing and distributing smart building solutions.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global smart building market.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative global smart building solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Executive Summary
Chapter 2 Research Methodology
2.1 Research Methodology
2.2 Market Size Estimation Methodology
2.3 Forecasting Methodology
2.4 Scope
2.5 Definition
2.6 Assumptions
2.7 Data sources
Chapter 3 Market Overview
3.1 Introduction
3.2 Global Smart Building Market Analysis by Type
3.3 Global Smart Building Market Analysis by End-User
Chapter 4 Market Trend Analysis
4.1 Introduction
4.2 Market Drivers
4.2.1 Urbanization is driving smart technology
4.2.2 The high energy efficiency of smart buildings that reduces cost
4.2.3 Rising adoption of Internet of Things (IoT)
4.3 Market Restraint/Challenges
4.3.1 Lack of interoperability between different building systems
4.3.2 Increasing cyber-threats and state of cybersecurity
4.4 Market Opportunity
4.4.1 The Internet of Things and Predictive Analytics
4.4.2 Smart Workplace
4.4.3 Enhancement of Employee Wellness With Smart Buildings
Chapter 5 Industry Chain Analysis
5.1 Supply Chain Analysis (Upstream/Suppliers Analysis, Market Channel Analysis, Downstream Buyers/End Users)
5.2 Smart Building Analysis
5.2.1 Physical Components
5.2.2 Digital Components
5.2.3 Use cases
5.3 Technology Analysis
5.3.1 HVAC systems
5.3.2 Plug loads
5.3.3 Lighting
5.3.4 Window shading
5.3.5 Automated system optimization
5.4 Cost Saving Analysis
Chapter 6 Latest Market Dynamics
6.1 Latest News
6.2 Mergers & Acquisition
6.3 Planned/Future Project
6.4 Policy Dynamics
Chapter 7 North America Smart Building Market Overview, 2014 – 2025
7.1 North America Smart Building Market Size, 2014 – 2025 (USD Million)
7.2 North America Smart Building Market Size, by Type, 2014 – 2025 (USD Million)
7.3 North America Smart Building Market Size, by End-User, 2014 – 2025 (USD Million)
7.4 Key Countries Analysis
7.4.1 United States
7.4.2 Canada
7.4.3 Mexico
Chapter 8 Europe Smart Building Market Overview, 2014 – 2025
8.1 Europe Smart Building Market Size, 2014 – 2025 (USD Million)
8.2 Europe Smart Building Market Size, by Type, 2014 – 2025 (USD Million)
8.3 Europe Smart Building Market Size, by End-User, 2014 – 2025 (USD Million)
8.4 Key Countries Analysis
8.4.1 Germany
8.4.2 France
8.4.3 United kingdom
8.4.4 Italy
8.4.5 Spain
8.4.6 Belgium
8.4.7 Netherlands
8.4.8 Austria
8.4.9 Poland
8.4.10 Russia
8.4.11 Rest of Europe
Chapter 9 Asia Pacific Smart Building Market Overview, 2014 – 2025
9.1 Asia Pacific Smart Building Market Size, 2014 – 2025 (USD Million)
9.2 Asia Pacific Smart Building Market Size, by Type, 2014 – 2025 (USD Million)
9.3 Asia Pacific Smart Building Market Size, by End-User, 2014 – 2025 (USD Million)
9.4 Key Countries Analysis
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Southeast Asia
9.4.6 Australia
9.4.7 Rest of Asia Pacific
Chapter 10 South America Smart Building Market Overview, 2014 – 2025
10.1 South America Smart Building Market Size, 2014 – 2025 (USD Million)
10.2 South America Smart Building Market Size, by Type, 2014 – 2025 (USD Million)
10.3 South America Smart Building Market Size, by End-User, 2014 – 2025 (USD Million)
10.4 Key Countries Analysis
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Chile
10.4.4 Peru
10.4.5 Rest of South America
Chapter 11 Middle East & Africa Smart Building Market Overview, 2014 – 2025
11.1 Middle East & Africa Smart Building Market Size, 2014 – 2025 (USD Million)
11.2 Middle East & Africa Smart Building Market Size, by Type, 2014 – 2025 (USD Million)
11.3 Middle East & Africa Smart Building Market Size, by End-User, 2014 – 2025 (USD Million)
11.4 Key Countries Analysis
11.4.1 Egypt
11.4.2 Iran
11.4.3 Israel
11.4.4 South Africa
11.4.5 GCC
11.4.6 Turkey
11.4.7 Rest of Middle East & Africa
Chapter 12 Global Smart Building Market Analysis by Type
12.1 Global Smart Building Market Analysis, by Type
12.1.1 Global Smart Building Market Share by Type, 2018 & 2025 (USD Million)
12.1.2 Intelligent Security System
12.1.3 Network Management System
12.1.4 Building Energy Management System
12.1.5 Infrastructure Management System
Chapter 13 Global Smart Building Market Analysis by End-User
13.1 Global Smart Building Market Analysis, by End-User
13.1.1 Global Smart Building Market Share by End-User, 2018 & 2025 (USD Million)
13.1.2 Residential
13.1.3 Commercial
13.1.4 Industrial
Chapter 14 Analysis of Global Key Vendors
14.1 Honeywell, Inc.
14.1.1 Main business overview
14.1.2 Financial performance
14.1.3 SWOT Analysis
14.1.4 Product offerings
14.1.5 Recent strategic initiatives and news
14.2 Johnson Controls International plc
14.2.1 Main Business Overview
14.2.2 SWOT Analysis
14.2.3 Financial performance
14.2.4 Product offerings
14.2.5 Recent strategic initiatives and news
14.3 Siemens Corporation
14.3.1 Main business overview
14.3.2 SWOT Analysis
14.3.3 Financial performance
14.3.4 Product offerings
14.3.5 Recent strategic initiatives and news
14.4 Schneider Electric SE
14.4.1 Main business overview
14.4.2 SWOT Analysis
14.4.3 Financial performance
14.4.4 Product offerings
14.4.5 Recent strategic initiatives and news
14.5 United Technologies Corporation
14.5.1 Main business overview
14.5.2 Financial performance
14.5.3 SWOT Analysis
14.5.4 Product offerings
14.5.5 Recent strategic initiatives and news
14.6 Azbil Corporation
14.6.1 Main business overview
14.6.2 Financial performance
14.6.3 SWOT Analysis
14.6.4 Product offerings
14.6.5 Recent strategic initiatives and news
14.7 ABB Ltd
14.7.1 Main business overview
14.7.2 SWOT Analysis
14.7.3 Financial performance
14.7.4 Product offerings
14.7.5 Recent strategic initiatives and news
14.8 Emerson Electric Co.
14.8.1 Main business overview
14.8.2 SWOT Analysis
14.8.3 Financial performance
14.8.4 Product offerings
14.8.5 Recent strategic initiatives and news
14.9 Crestron Electronics, Inc.
14.9.1 Main business overview.
14.9.2 Financial performance
14.9.3 SWOT Analysis
14.9.4 Product offerings
14.9.5 Recent strategic initiatives and news
14.1 Ingersoll-Rand Plc
14.10.1 Main business overview
14.10.2 SWOT Analysis
14.10.3 Financial performance
14.10.4 Product offerings
14.10.5 Recent strategic initiatives and news