PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1227616
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1227616
Europe Smart Building Market - By Component (Solutions,,, Services ); By Building Type ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Europe Smart Building Market Size Almost Triples to Cross USD 12 Billion by 2029.
Europe smart building market is flourishing due to the development and increasing adoption of 5G technology across the region, massive urban redevelopment projects across European countries, particularly in Turkiye and Ukraine, rising investments in smart city projects, and a growing need for energy-efficient technologies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe smart building market size at USD 4.15 billion in 2022. During the forecast period between 2023 and 2029, the Europe smart building market size is projected to grow at a robust CAGR of 16.65% reaching a value of USD 12.12 billion by 2029. The fast adoption of smart building techniques is majorly driven by the increasing demand for better building (and building premises) utilization as well as improved resource management in metropolitan areas. The desire for public safety and security is also driving growth the smart building market in Europe. It is expected that the increasing adoption of artificial intelligence (AI) in smart building technologies and the internet of things (IoT) would present significant growth opportunities for the market during the period in analysis.
Europe Smart Building Market - Overview:
A smart building is a structure that uses IoT and automated technologies to control building functions, such as heating, ventilation, air conditioning, lighting, and security. A smart building uses sensors, actuators, and microchips to collect and manage data in response to an organization's functions and services (or household). Building owners, operators, and facility managers can use smart infrastructure solutions to improve asset dependability and performance, reduce energy consumption, maximize space utilization, and reduce the environmental impact of buildings.
Countrywide Urban Redevelopment & Recovery Projects in Turkiye and Ukraine
Major companies in Europe smart building market are expected to gain from significant opportunities provided by the massive infrastructure projects in earthquake-hit Turkiye and war-ravaged Ukraine.
On February 06, 2023, a 7.8-magnitude of earthquake hit Turkiye and Syria, killing tens and thousands of people and severely damaging infrastructure in cities and villages across its fault line. The President of Turkiye announced that the government would engage in a comprehensive construction program to rebuild cities with safety and sustainability. Analysts estimated that the urban redevelopment across Turkiye post the massive earthquakes would provide huge opportunities for the construction and related industries in total investment of more than USD 250 billion.
Russia's war in Ukraine has been continuing for more than a year now. Consequently, infrastructure across Ukraine has been severely damaged. In September 2022, Ukraine government, the European Commission, and the World Bank, along with their partners estimated the cost of Ukraine's reconstruction and recovery would be about USD 350 billion. As the war continues, the cost is anticipated to escalate.
Redevelopment and recovery projects in Turkiye and Ukraine with heavy investments are expected to provide lucrative growth opportunities for construction and supplementary industries. It, in turn, is projected to aid the growth of Europe smart building market during the forecast period between 2023 and 2029 and beyond.
Europe Smart Building Market - By Building Type
Europe smart building market is divided into three segments based on end user: residential, commercial, and industrial. The commercial segment is expected to hold the highest market share in the Europe smart building market by building type. The stakeholders' increasing focus on intelligent buildings to reduce operating costs is a major driver for the segment's growth. Governments are closely examining commercial real estate to significantly increase investments and improve energy-saving building practices. Meanwhile, the residential segment is expected grow at the fastest rate during the forecast period. An increasing demand for smart home lighting, HVAC monitoring, smart door locking systems, and smart meters is expected to drive growth of the residential segment of Europe smart building market.
Competitive Landscape:
Europe smart building market is fiercely competitive. Prominent players in the market include ABB Ltd., Cisco Systems Inc., Emerson Electric Co., Hitachi, Ltd., Honeywell International Inc., Johnson Controls, Legrand, Schneider Electric SE, Siemens, IBM Corporation, and Telit. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Europe Smart Building Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Smart Building Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Smart Building Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Europe Smart Building Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Demand for Energy-Efficient Systems
- 3.2.1.2. Growing Investment in Smart Cities Project
- 3.2.2. Restraints
- 3.2.2.1. High Cost Associated with Implementation
- 3.2.3. Opportunities
- 3.2.3.1. Emergence of the 5G Technology
- 3.2.4. Challenges
- 3.2.4.1. Security and Privacy Concerns
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Europe Smart Building Market Overview
- 4.1. Market Component & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Component
- 4.2.1.1. Solutions
- 4.2.1.1.1. Safety & Security Management
- 4.2.1.1.1.1. Access Control System
- 4.2.1.1.1.2. Video Surveillance System
- 4.2.1.1.1.3. Fire And Life Safety System
- 4.2.1.1.2. Energy Management
- 4.2.1.1.2.1. HVAC Control System
- 4.2.1.1.2.2. Lighting Management System
- 4.2.1.1.2.3. Others (Data Management, Asset Performance Optimization, Application Platform)
- 4.2.1.1.3. Building Infrastructure Management
- 4.2.1.1.3.1. Parking Management System
- 4.2.1.1.3.2. Water Management System
- 4.2.1.1.3.3. Others (Elevators & Escalators Management, Waste Management)
- 4.2.1.2. Services
- 4.2.1.2.1. Consulting
- 4.2.1.2.2. Implementation
- 4.2.1.2.3. Support & Maintenance
- 4.2.2. By Building Type
- 4.2.2.1. Residential
- 4.2.2.2. Commercial
- 4.2.2.3. Industrial
- 4.2.3. By Country
- 4.2.3.1. Germany
- 4.2.3.2. UK
- 4.2.3.3. Italy
- 4.2.3.4. France
- 4.2.3.5. Spain
- 4.2.3.6. Netherlands
- 4.2.3.7. Rest of Europe
- 4.2.1. By Component
5. Germany Smart Building Market
- 5.1. Market Component & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Component
- 5.2.2. By Building Type
6. UK Smart Building Market
- 6.1. Market Component & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Building Type
7. Italy Smart Building Market
- 7.1. Market Component & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Building Type
8. France Smart Building Market
- 8.1. Market Component & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Building Type
9. Spain Smart Building Market
- 9.1. Market Component & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Building Type
10. Netherlands Smart Building Market
- 10.1. Market Component & Forecast, 2019-2029
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Building Type
11. Rest of Europe Smart Building Market
- 11.1. Market Component & Forecast, 2019-2029
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Component
- 11.2.2. By Building Type
12. Competitive Landscape
- 12.1. List of Key Players and Their Offerings
- 12.2. Europe Smart Building Company Market Share Analysis, 2022
- 12.3. Competitive Benchmarking, By Operating Parameters
- 12.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
13. Impact of Covid-19 on Europe Smart Building Market
14. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 14.1. ABB Ltd.
- 14.2. Cisco Systems Inc.
- 14.3. Emerson Electric Co.
- 14.4. Hitachi, Ltd.
- 14.5. Honeywell International Inc.
- 14.6. Johnson Controls
- 14.7. Legrand
- 14.8. Schneider Electric SE
- 14.9. Siemens
- 14.10. IBM Corporation
- 14.11. Telit
- 14.12. Other Prominent Players
15. Key Strategic Recommendations
16. Research Methodology
- 16.1. Qualitative Research
- 16.1.1. Primary & Secondary Research
- 16.2. Quantitative Research
- 16.3. Market Breakdown & Data Triangulation
- 16.3.1. Secondary Research
- 16.3.2. Primary Research
- 16.4. Breakdown of Primary Research Respondents, By Region
- 16.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Europe Smart Building Segmentation
- Figure 2 Europe Smart Building Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Europe Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 5 Europe Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 6 Europe Smart Building Market Share, By Building Type, By Value, 2019-2029
- Figure 7 Europe Smart Building Market Share, By Country, By Value, 2019-2029
- Figure 8 Germany Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 9 Germany Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 10 Germany Smart Building Market Share, By Building Type, By Value, 2019-2029
- Figure 11 UK Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 12 UK Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 13 UK Smart Building Market Share, By Building Type, By Value, 2019-2029
- Figure 14 Italy Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 15 Italy Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 16 Italy Smart Building Market Share, By Building Type, By Value, 2019-2029
- Figure 17 France Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 18 France Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 19 France Smart Building Market Share, By Building Type, By Value, 2019-2029
- Figure 20 Spain Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 21 Spain Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 22 Spain Smart Building Market Share, By Building Type, By Value, 2019-2029
- Figure 23 Netherlands Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 24 Netherlands Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 25 Netherlands Smart Building Market Share, By Building Type, By Value, 2019-2029
- Figure 26 Rest of Europe Smart Building Market Size, By Value (USD Million), 2019-2029
- Figure 27 Rest of Europe Smart Building Market Share, By Component, By Value, 2019-2029
- Figure 28 Rest of Europe Smart Building Market Share, By Building Type, By Value, 2019-2029
List of Tables
- Table 1 Europe Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 2 Europe Smart Building Market Size, By Component, By Value, 2019-2029
- Table 3 Europe Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 4 Europe Smart Building Market Size, By Country, By Value, 2019-2029
- Table 5 Germany Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 6 Germany Smart Building Market Size, By Component, By Value, 2019-2029
- Table 7 Germany Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 8 UK Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 9 UK Smart Building Market Size, By Component, By Value, 2019-2029
- Table 10 UK Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 11 Italy Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 12 Italy Smart Building Market Size, By Component, By Value, 2019-2029
- Table 13 Italy Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 14 France Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 15 France Smart Building Market Size, By Component, By Value, 2019-2029
- Table 16 France Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 17 Spain Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 18 Spain Smart Building Market Size, By Component, By Value, 2019-2029
- Table 19 Spain Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 20 Netherlands Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 21 Netherlands Smart Building Market Size, By Component, By Value, 2019-2029
- Table 22 Netherlands Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 23 Rest of Europe Smart Building Market Size, By Value (USD Million), 2019-2029
- Table 24 Rest of Europe Smart Building Market Size, By Component, By Value, 2019-2029
- Table 25 Rest of Europe Smart Building Market Size, By Building Type, By Value, 2019-2029
- Table 26 ABB Ltd. Company Overview
- Table 27 ABB Ltd. Financial Overview
- Table 28 Cisco Systems Inc. Company Overview
- Table 29 Cisco Systems Inc. Financial Overview
- Table 30 Emerson Electric Co. Company Overview
- Table 31 Emerson Electric Co. Financial Overview
- Table 32 Hitachi, Ltd. Company Overview
- Table 33 Hitachi, Ltd. Financial Overview
- Table 34 Honeywell International Inc. Company Overview
- Table 35 Honeywell International Inc. Financial Overview
- Table 36 Johnson Controls Company Overview
- Table 37 Johnson Controls Financial Overview
- Table 38 Legrand Company Overview
- Table 39 Legrand Financial Overview
- Table 40 Schneider Electric SE Company Overview
- Table 41 Schneider Electric SE Financial Overview
- Table 42 Siemens Company Overview
- Table 43 Siemens Financial Overview
- Table 44 IBM Corporation Company Overview
- Table 45 IBM Corporation Financial Overview
- Table 46 Telit Company Overview
- Table 47 Telit Financial Overview
