Smart Buildings Market 2022-2028

Description

List of Tables

Global Smart Buildings Market Size, Share & Trends Analysis Report by Building Type (Residential, Commercial and, Industrial), by Solution (Safety & Security Management System, Energy Management System, Building Infrastructure Management System, Network Management, and Integrated Workplace Management System (IWMS)) and by Service (Consulting, Implementation and Support & Maintenance) Forecast Period (2022-2028).

The global smart buildings market is anticipated to grow at a substantial CAGR of 11.2% during the forecast period. The primary factor driving the smart buildings market is adoption of technological advancements in construction of smart buildings as it enables efficient and economical use of resources. Smart buildings utilize a wide range of technologies and are designed in a way that permits for the incorporation of future technological developments. IoT sensors, Building Management Systems (BMS), AI, and augmented reality are the mechanisms that are used in a smart building to govern and enhance its performance. Producers of smart building solutions are continuously bringing innovations to remain competitive in the market. For instance, in October 2020, ABB launched its first series of Virtual Innovation Shows for smart buildings. The Innovation shows explored key drivers in the smart building market, to understand the increased importance of building safety and the enhanced adoption of digital technologies.

The global smart buildings market is segmented based on the building type, solution and service. Out of the building type, the market is segmented into residential, commercial and, industrial. Based on the solution, the market is sub-segmented into the safety & security management system, energy management system, building infrastructure management system, network management, and IWMS. Based on the service, the market is sub-segmented into the consulting, implementation and support & maintenance. Out of solution segment, energy management is expected to emerge as growing sector in smart buildings market due to increasing initiatives to save the energy and introduction of sustainable solutions in the market. For instance, in September 2021, Turntide Technologies launched its new Turntide for Buildings, as an intelligent building solution. Turntide syndicated its Smart Motor SystemTM with automation software, connected edge equipment, and cloud insights to enhance energy efficiency and modernize building operations whereas reducing idle time and repairs charges.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific region is expected to show the significant growth in smart building market due to rise in adoption of advance technology and increased investments in smart building projects. Countries like India, China and Japan are majorly contributing to the growth of smart buildings market in that region. For instance, in March 2020, Siemens Smart Infrastructure launched the smart building suite in India to familiarize with user needs, enhance employee performance and empower methods to utilize office space more competently and economically. The suite is developed to expand employee productivity and it is based on digitalization and interactive tools.

The major companies serving the global smart buildings market include Intel Corp, Johnson Controls., KMC Controls, Legrand North America, LLC., Mode:Green Integrated Building Technology, PTC Inc., Schneider Electric, Siemens, Softdel, Spaceti., SPACEWELL INTERNATIONAL. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2020, Schneider Electric and Cisco partnered on connecting BMS to Internet Protocol (IP) networks. The two companies have established, verified and authorized designs to bridge operational technology and IT BMS for smart buildings.

Research Methodology

The market study of the global smart buildings market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Smart Buildings Market Research and Analysis by Building Type

2. Global Smart Buildings Market Research and Analysis by Solution

3. Global Smart Buildings Market Research and Analysis by Service

The Report Covers:

Comprehensive Research Methodology of the global smart buildings market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global smart buildings market.
Insights about market determinants that are stimulating the global smart buildings market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026394

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Smart Buildings Market
Recovery Scenario of Global Smart Buildings Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Bosch Sicherheitssysteme GmbH
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Cisco Systems, Inc
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Hitachi, Ltd.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Honeywell International Inc.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. IBM Corp
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Smart Buildings Market by Building Type
- 4.1.1. Residential
- 4.1.2. Commercial
- 4.1.3. Industrial
4.2. Global Smart Buildings Market by Solution
- 4.2.1. Safety & Security Management System
- 4.2.2. Energy Management System
- 4.2.3. Building Infrastructure Management System
- 4.2.4. Network Management
- 4.2.5. Integrated Workplace Management System (IWMS)
4.3. Global Smart Buildings Market by Service
- 4.3.1. Consulting
- 4.3.2. Implementation
- 4.3.3. Support & Maintenance

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. ABB Ltd.
6.2. BuildingIQ.
6.3. CopperTree Analytics Inc.
6.4. eFACiLiTY
6.5. ENTOUCH
6.6. Endeavor Business Media, LLC
6.7. 75F
6.8. IGOR INC
6.9. Intel Corp
6.10. Johnson Controls Internationals
6.11. KMC Controls
6.12. Legrand North America, LLC.
6.13. Mode:Green Integrated Building Technology
6.14. PTC Inc.
6.15. Schneider Electric SE
6.16. Siemens AG
6.17. Softdel System Pte. Ltd.
6.18. Spaceti s.r.o.
6.19. SPACEWELL INTERNATIONAL.
6.20. Telit
6.21. Thales Group
6.22. Verdigris Technologies, Inc.