The report is titled as ‘Smart Buildings Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the smart buildings market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Smart buildings market is expected to grow with a significant rate in the near future.
The global smart buildings market in 2020 is estimated for more than US$ 55.7 Bn and expected to reach a value of US$ 141.7 Bn by 2028 with a significant CAGR of 12.4%.
Smart Buildings Market Definition
There is a prevailing trend of building automation in the present times, which allows for automated centralized control of a building's HVAC (heating, ventilation and air conditioning), lighting, electrical, security systems, access control, and other correlated systems through a Building Automation System (BAS) or Building Management System (BMS). The idea of building automation is more commonly known as Smart Buildings. Any structure that comprises automated processes to systematically operate and control the building’s operations including lighting, ventilation, heating, air conditioning, security and other systems is known as smart buildings.
A smart building consists of microchips, sensors, and actuators, in order to accumulate data and administer it as per the business’ services and functions. This kind of smart infrastructure helps operators, owners, and facility managers to enhance asset performance and reliability, which cuts off energy use, upgrades how the capacity is used and reduces the environmental impact of buildings. Many decades ago, buildings just provided mankind the essentials which are shelter, safety, and temperature control and at the uniform efficiency level for years. However, modern buildings, or preceding structures that have been transformed to smart structures, are constantly connected to a network with adaptable and smart software.
Smart Buildings Market Dynamics
We spend most of our life living in these structures called buildings, be it our home, workplace or any other place. At the very beginning, buildings were just the structure made of sticks, stones, animal skins and other natural substances, which just used to fulfil basic needs of mankind including shelter and provide a safe and comfortable place to reside. Although, now that time has changed enormously, just fulfilling basic needs isn’t enough.
The building occupants and the entire community, in the modern-day world, are starting to look outside the four walls of their house and acknowledging the significance of their building on the electrical grid as well as on the whole global environment. Thereby, the idea of “Smart Buildings” arose which uses technology to accumulate data about the activities in the building between systems so as to advance the building's performance. The accumulated data is then used to automate several different processes, ranging from lighting, heating and ventilation to air conditioning and security. The building owners are more encouraged in present times to look after the environment and surroundings as well as to reduce energy costs, which further promotes the idea of smart buildings in the global society.
Furthermore, several governments and regulatory authorities are also encouraging the idea of smart construction and infrastructure across the world along with imposing several laws and regulations to encourage current and future operations. Owing to which, the global smart buildings market is projected to grow expeditiously in the forthcoming years.
Smart Buildings Market Key Players
Some of the key participating players in global smart buildings market are:
ABB Group
Siemens AG
Schneider Electric
Cisco Systems, Inc.
IBM Corporation
Delta Controls
Johnson Controls
Honeywell International Inc.
United Technologies Corporation
Legrand
BuildingIQ
And Others
Smart Buildings Market Segmentation
The global smart buildings market is segmented on the basis of types, building types, and end user.
By Types
Building Automation Software
o Intelligent Security System
Video Surveillance System
Access Control System
Emergency Management System
o Building Energy Management System
Energy Management Platform
HVAC Control System
Lighting Control System
o Infrastructure Management System
Parking Management System
Smart Water Management System
Elevators and Escalators Management System
o Network Management System
Services
o Professional Services
Consulting Services
System Integration and Deployment Services
Support and Maintenance Services
o Managed Services
By Building Types
Manufacturing Facilities
Residential Buildings
Commercial Buildings
University, School, & Hospital Buildings
Government & Public Infrastructure Facilities
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
MMC Overview
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Smart Buildings market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market. Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
1. Global Smart Buildings Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Smart Buildings Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Smart Buildings Market Snapshot
2.4. Global Smart Buildings Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Smart Buildings Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Smart Buildings Market, By Type
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Type
3.1.2. BPS Analysis, By Type
3.2. Market Revenue (US$Mn) Forecast, By Type
3.2.1. Building Automation Software
3.2.1.1. Intelligent Security System
3.2.1.1.1. Video Surveillance System
3.2.1.1.2. Access Control System
3.2.1.1.3. Emergency Management System
3.2.2. Building Energy Management System
3.2.2.1. Energy Management Platform
3.2.2.2. HVAC Control System
3.2.2.3. Lighting Control System
3.2.3. Infrastructure Management System
3.2.3.1. Parking Management System
3.2.3.2. Smart Water Management System
3.2.3.3. Elevators and Escalators Management System
3.2.4. Network Management System
3.2.5. Services
3.2.5.1. Professional Services
3.2.5.1.1. Consulting Services
3.2.5.1.2. System Integration and Deployment Services
3.2.5.2. Support and Maintenance Services
3.2.5.3. Managed Services
3.3. Global Smart Buildings Market Attractiveness Index, By Type
4. Global Smart Buildings Market, By Building Type
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Building Type
4.1.2. BPS Analysis, By Building Type
4.2. Market Revenue (US$Mn) Forecast, By Building Type
4.2.1. Manufacturing Facilities
4.2.2. Residential Buildings
4.2.3. Commercial Buildings
4.2.4. University, School, & Hospital Buildings
4.2.5. Government & Public Infrastructure Facilities
4.2.6. Others
4.3. Global Smart Buildings Market Attractiveness Index, By Building Type
5. Global Smart Buildings Market, By Region
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Region
5.1.2. BPS Analysis, By Region
5.2. Market Revenue (US$Mn) Forecast, By Region
5.2.1. North America
5.2.2. Latin America
5.2.3. Europe
5.2.4. Asia Pacific
5.2.5. Middle East
5.2.6. Africa
5.3. Global Smart Buildings Market Attractiveness Index, By Region
6. North America Smart Buildings Market Analysis and Forecast, 2020–2028
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Country
6.1.2. BPS Analysis, By Country
6.2. Market Revenue (US$Mn) Forecast, By Country
6.2.1. U.S. Smart Buildings Market
6.2.2. Canada Smart Buildings Market
6.3. North America Smart Buildings Market, By Type
6.3.1. Building Automation Software
6.3.1.1. Intelligent Security System
6.3.1.1.1. Video Surveillance System
6.3.1.1.2. Access Control System
6.3.1.1.3. Emergency Management System
6.3.2. Building Energy Management System
6.3.2.1. Energy Management Platform
6.3.2.2. HVAC Control System
6.3.2.3. Lighting Control System
6.3.3. Infrastructure Management System
6.3.3.1. Parking Management System
6.3.3.2. Smart Water Management System
6.3.3.3. Elevators and Escalators Management System
6.3.4. Network Management System
6.3.5. Services
6.3.5.1. Professional Services
6.3.5.1.1. Consulting Services
6.3.5.1.2. System Integration and Deployment Services
6.3.5.2. Support and Maintenance Services
6.3.5.3. Managed Services
6.4. North America Smart Buildings Market, By Building Type
6.4.1. Manufacturing Facilities
6.4.2. Residential Buildings
6.4.3. Commercial Buildings
6.4.4. University, School, & Hospital Buildings
6.4.5. Government & Public Infrastructure Facilities
6.4.6. Others
6.5. North America Smart Buildings Market Attractiveness Index
6.5.1. By Country
6.5.2. By Type
6.5.3. By Building Type
7. Latin America Smart Buildings Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market (US$Mn) Forecast, By Country
7.2.1. Brazil Smart Buildings Market
7.2.2. Mexico Smart Buildings Market
7.2.3. Argentina Smart Buildings Market
7.2.4. Rest of Latin America Smart Buildings Market
7.3. Latin America Smart Buildings Market, By Type
7.3.1. Building Automation Software
7.3.1.1. Intelligent Security System
7.3.1.1.1. Video Surveillance System
7.3.1.1.2. Access Control System
7.3.1.1.3. Emergency Management System
7.3.2. Building Energy Management System
7.3.2.1. Energy Management Platform
7.3.2.2. HVAC Control System
7.3.2.3. Lighting Control System
7.3.3. Infrastructure Management System
7.3.3.1. Parking Management System
7.3.3.2. Smart Water Management System
7.3.3.3. Elevators and Escalators Management System
7.3.4. Network Management System
7.3.5. Services
7.3.5.1. Professional Services
7.3.5.1.1. Consulting Services
7.3.5.1.2. System Integration and Deployment Services
7.3.5.2. Support and Maintenance Services
7.3.5.3. Managed Services
7.4. Latin America Smart Buildings Market, By Building Type
7.4.1. Manufacturing Facilities
7.4.2. Residential Buildings
7.4.3. Commercial Buildings
7.4.4. University, School, & Hospital Buildings
7.4.5. Government & Public Infrastructure Facilities
7.4.6. Others
7.5. Latin America Smart Buildings Market Attractiveness Index
7.5.1. By Country
7.5.2. By Type
7.5.3. By Building Type
8. Europe Smart Buildings Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) Forecast, By Country
8.2.1. U.K. Smart Buildings Market
8.2.2. Germany Smart Buildings Market
8.2.3. Italy Smart Buildings Market
8.2.4. France Smart Buildings Market
8.2.5. Spain Smart Buildings Market
8.2.6. Russia Smart Buildings Market
8.2.7. Poland Smart Buildings Market
8.2.8. BENELUX Smart Buildings Market
8.2.9. NORDIC Smart Buildings Market
8.2.10. Rest of Europe Smart Buildings Market
8.3. Europe Smart Buildings Market, By Type
8.3.1. Building Automation Software
8.3.1.1. Intelligent Security System
8.3.1.1.1. Video Surveillance System
8.3.1.1.2. Access Control System
8.3.1.1.3. Emergency Management System
8.3.2. Building Energy Management System
8.3.2.1. Energy Management Platform
8.3.2.2. HVAC Control System
8.3.2.3. Lighting Control System
8.3.3. Infrastructure Management System
8.3.3.1. Parking Management System
8.3.3.2. Smart Water Management System
8.3.3.3. Elevators and Escalators Management System
8.3.4. Network Management System
8.3.5. Services
8.3.5.1. Professional Services
8.3.5.1.1. Consulting Services
8.3.5.1.2. System Integration and Deployment Services
8.3.5.2. Support and Maintenance Services
8.3.5.3. Managed Services
8.4. Europe Smart Buildings Market, By Building Type
8.4.1. Manufacturing Facilities
8.4.2. Residential Buildings
8.4.3. Commercial Buildings
8.4.4. University, School, & Hospital Buildings
8.4.5. Government & Public Infrastructure Facilities
8.4.6. Others
8.5. Europe Smart Buildings Market Attractiveness Index
8.5.1. By Country
8.5.2. By Type
8.5.3. By Building Type
9. Asia Pacific Smart Buildings Market Analysis and Forecast, 2019–2027
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. China Smart Buildings Market
9.2.2. India Smart Buildings Market
9.2.3. Japan Smart Buildings Market
9.2.4. Australia and New Zealand Smart Buildings Market
9.2.5. South Korea Smart Buildings Market
9.2.6. ASEAN Smart Buildings Market
9.2.7. Rest of Asia Pacific Smart Buildings Market
9.3. Asia Pacific Smart Buildings Market, By Type
9.3.1. Building Automation Software
9.3.1.1. Intelligent Security System
9.3.1.1.1. Video Surveillance System
9.3.1.1.2. Access Control System
9.3.1.1.3. Emergency Management System
9.3.2. Building Energy Management System
9.3.2.1. Energy Management Platform
9.3.2.2. HVAC Control System
9.3.2.3. Lighting Control System
9.3.3. Infrastructure Management System
9.3.3.1. Parking Management System
9.3.3.2. Smart Water Management System
9.3.3.3. Elevators and Escalators Management System
9.3.4. Network Management System
9.3.5. Services
9.3.5.1. Professional Services
9.3.5.1.1. Consulting Services
9.3.5.1.2. System Integration and Deployment Services
9.3.5.2. Support and Maintenance Services
9.3.5.3. Managed Services
9.4. Asia Pacific Smart Buildings Market, By Building Type
9.4.1. Manufacturing Facilities
9.4.2. Residential Buildings
9.4.3. Commercial Buildings
9.4.4. University, School, & Hospital Buildings
9.4.5. Government & Public Infrastructure Facilities
9.4.6. Others
9.5. Asia Pacific Smart Buildings Market Attractiveness Index
9.5.1. By Country
9.5.2. By Type
9.5.3. By Building Type
10. Middle East Smart Buildings Market Analysis and Forecast, 2019–2027
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. GCC Countries Smart Buildings Market
10.2.2. Israel Smart Buildings Market
10.2.3. Oman Smart Buildings Market
10.2.4. Rest of Middle East Smart Buildings Market
10.3. Middle East Smart Buildings Market, By Type
10.3.1. Building Automation Software
10.3.1.1. Intelligent Security System
10.3.1.1.1. Video Surveillance System
10.3.1.1.2. Access Control System
10.3.1.1.3. Emergency Management System
10.3.2. Building Energy Management System
10.3.2.1. Energy Management Platform
10.3.2.2. HVAC Control System
10.3.2.3. Lighting Control System
10.3.3. Infrastructure Management System
10.3.3.1. Parking Management System
10.3.3.2. Smart Water Management System
10.3.3.3. Elevators and Escalators Management System
10.3.4. Network Management System
10.3.5. Services
10.3.5.1. Professional Services
10.3.5.1.1. Consulting Services
10.3.5.1.2. System Integration and Deployment Services
10.3.5.2. Support and Maintenance Services
10.3.5.3. Managed Services
10.4. Middle East Smart Buildings Market, By Building Type
10.4.1. Manufacturing Facilities
10.4.2. Residential Buildings
10.4.3. Commercial Buildings
10.4.4. University, School, & Hospital Buildings
10.4.5. Government & Public Infrastructure Facilities
10.4.6. Others
10.5. Middle East Smart Buildings Market Attractiveness Index
10.5.1. By Country
10.5.2. By Type
10.5.3. By Building Type
11. Africa Smart Buildings Market Analysis and Forecast, 2019–2027
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. Building Automation Software
11.2.1.1. Intelligent Security System
11.2.1.1.1. Video Surveillance System
11.2.1.1.2. Access Control System
11.2.1.1.3. Emergency Management System
11.2.2. Building Energy Management System
11.2.2.1. Energy Management Platform
11.2.2.2. HVAC Control System
11.2.2.3. Lighting Control System
11.2.3. Infrastructure Management System
11.2.3.1. Parking Management System
11.2.3.2. Smart Water Management System
11.2.3.3. Elevators and Escalators Management System
11.2.4. Network Management System
11.2.5. Services
11.2.5.1. Professional Services
11.2.5.1.1. Consulting Services
11.2.5.1.2. System Integration and Deployment Services
11.2.5.2. Support and Maintenance Services
11.2.5.3. Managed Services
11.3. Africa Smart Buildings Market, By Building Type
11.3.1. Manufacturing Facilities
11.3.2. Residential Buildings
11.3.3. Commercial Buildings
11.3.4. University, School, & Hospital Buildings
11.3.5. Government & Public Infrastructure Facilities
11.3.6. Others
11.4. Africa Smart Buildings Market Attractiveness Index
11.4.1. By Country
11.4.2. By Type
11.4.3. By Building Type
12. Recommendation
12.1. Market Strategy
13. Competitive Landscape
13.1. Competition Dashboard
13.2. List and Company Overview of Global Key Players
13.3. Company Profiles
13.3.1. ABB Group
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Type Portfolio
13.3.1.4. Key Developments
13.3.1.5. Business Strategies
13.3.2. Siemens AG
13.3.3. Schneider Electric
13.3.4. Cisco Systems, Inc.
13.3.5. IBM Corporation
13.3.6. Delta Controls
13.3.7. Johnson Controls
13.3.8. Honeywell International Inc.
13.3.9. United Technologies Corporation
13.3.10. Legrand
13.3.11. BuildingIQ
14. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The global smart buildings market in 2020 is estimated for more than US$ 55.7 Bn and expected to reach a value of US$ 141.7 Bn by 2028 with a significant CAGR of 12.4%.
What is smart building?
A smart building consists of microchips, sensors, and actuators, in order to accumulate data and administer it as per the business’ services and functions. This kind of smart infrastructure helps operators, owners, and facility managers to enhance asset performance and reliability, which cuts off energy use, upgrades how the capacity is used and reduces the environmental impact of buildings. Many decades ago, buildings just provided mankind the essentials which are shelter, safety, and temperature control and at the uniform efficiency level for years.
What segments are covered in market report?
The global smart buildings market is segmented on the basis of types, building types, and end user.
What are the key participating players in the market?
Some of the key participating players in global smart buildings market are ABB Group, Siemens AG, Schneider Electric, Cisco Systems, Inc., IBM Corporation, Delta Controls, Johnson Controls, Honeywell International Inc., United Technologies Corporation, Legrand, and BuildingIQ
