Smart Building Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

The global smart building market size was US$ 63350 million in 2019 and it is expected to reach US$ 146680 million by the end of 2026, with a CAGR of 12.6% over the forecast period 2021-2026.

A Smart Building is: Also referred to as an Intelligent Building. Smart buildings improve the productivity of people and processes by leveraging technology & actionable information to help you & your building make better decisions and become smart, efficient and sustainable.An integrated Smart Building with various sub-systems including: Intelligent Integrated System (IIS), Information Technology System Infrastructure (ITSI), Information Technology Applying System (ITAS), Building facilities Management System (BMS), Public Security System (PSS) and Engineering of Electronic Equipment Plant (EEEP). The integrated system integrates the isolated devices, functionalities and information of BMS, PSS, ITAS into a correlated and harmonized system via ITSI, with stability, combinability and extendibility by ensuring to the combined management and correlations of the system’s devices.

The Smart Building market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Smart Building market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Smart Building market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Building market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Smart Building market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Smart Building market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Smart Building market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Smart Building industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Competitive Landscape and Smart Building Market Share Analysis

Smart Building market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Smart Building business, the date to enter into the Smart Building market, Smart Building product introduction, recent developments, etc.

The major vendors include Johnson Controls, Honeywell, Schneider, UTC, Siemens, Ingersoll Rand (Trane), Azbil, ABB, Emerson, Eaton, Control4, Bosch, Panasonic, Delta Controls, Legrand, Cisco, IBM, Advantech, Current (GE), etc.

This report focuses on the global Smart Building status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Smart Building development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

Some of the key observations regarding smart building industry include:

• Cisco completed the acquisition of Sentryo in August 2019. The Sentryo is a global provider of device visibility and security solutions for Industrial Control System (ICS) networks. After acquisition, Cisco is able to offer control systems engineer deeper visibility into assets optimization, anomalies detection, and network security for better results.
• Adesto^® Technologies Corporation, IBM and NXP^® Semiconductors are combine demonstrating a powerful solution for smart buildings that provides a new level of security with Industrial Internet of Things (IIoT) deployments. IBM Watson IoT Platform, Adesto's SmartServer™ IoT edge server and NXP’s ready-to-use A71CH secure element for IoT devices are together enabling an extra layer of security for businesses connecting to the IBM cloud.
• A wholly-owned subsidiary of Hitachi named Hitachi Vantara has launched Lumada Video Insights in 2019. It's an end-to-end intelligent, and an adaptable suite of applications that delivers operational safety and business intelligence (BI) with the help of IoT, video, AI and analytics.
• Hitachi elevators developed a smart building ecosystem using AI and IoT in the year 2019. the new facility aims to provide a wide range of buildings with multi-directional, custom-designed, in building transportation solutions.
• Siemens has acquired Enlightened, a silicon valley based provider of Internet of Things (IoT) systems for residential and commercial buildings. The IoT platform will help Siemens to reduce energy consumption and improve space utilization.
• Osram, a global high-tech lighting company, and Facility Solutions Group has announced a collaborative partnership for smart building IoT solutions in the second quarter of 2019.

The key players covered in this study

Johnson Controls

Honeywell

Schneider

UTC

Siemens

Ingersoll Rand (Trane)

Azbil

ABB

Emerson

Eaton

Control4

Bosch

Panasonic

Delta Controls

Legrand

Cisco

IBM

Advantech

Current (GE)

Market segment by Type, the product can be split into

Building Management System (BMS)

Heating, Ventilating, and Air Conditioning (HVAC)

Lighting Control

Security and Access Control

Emergency Alarm and Evacuation System

Audio and Visual Effects

Escalator

Elevator

Others

Market segment by Application, split into

Government Buildings

Residential Buildings

Commercial Building

Market segment by Regions/Countries, this report covers

North America

Europe

China

Japan

Southeast Asia

India

Central & South America

In this study, the years considered to estimate the market size of Smart Building are as follows:

• History Year: 2015-2018
• Base Year: 2018
• Estimated Year: 2019
• Forecast Year 2019 to 2026

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are: 

• To analyze and study the global market capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.