Smart Buildings Market Analysis and forecast to 2032: By System (Parking Management System, Physical Security System, BEMS, Others), Technology (Wireless Technology, Bus Technology, Others), Application (Residential, Commercial, Industrial), and Region

Smart buildings are those that use technology and data to improve their efficiency and performance. This can include everything from using sensors to monitor energy use to using artificial intelligence to optimize building operations. By using data and technology, smart buildings can save energy, reduce costs, and improve the comfort and safety of occupants.

Key Trends

The key trends in Smart Buildings technology are:

  • The use of sensors and data analytics to improve building performance
  • The use of artificial intelligence (AI) to automate building operations
  • The integration of smart building systems with the Internet of Things (IoT)
  • The use of blockchain technology to secure data and transactions
Key Drivers

One of the most important drivers is the need to reduce energy consumption and costs. In many buildings, energy consumption can be reduced by up to 30% through the use of smart building technologies. This is a significant cost savings for building owners and managers, and is a key driver of the smart buildings market.

Another key driver of the smart buildings market is the need to improve occupant comfort and productivity. By using technologies such as automatic lighting controls and temperature management systems, buildings can provide a more comfortable and productive environment for occupants. This can lead to increased employee productivity and satisfaction, which is a key driver for the smart buildings market.

Finally, another key driver of the smart buildings market is the need to improve building safety and security. Smart building technologies can be used to monitor building systems and identify potential security risks. This can help to improve the safety of buildings and their occupants, and is a key driver of the smart buildings market.

Restraints & Challenges

The key restraints and challenges in the smart buildings market include the high initial investment, lack of standardization, and the need for skilled labor. The high initial investment is a major challenge as it limits the adoption of smart building technologies to only large organizations and governments. The lack of standardization is another challenge as it hinders the interoperability of different smart building systems and products. This lack of interoperability makes it difficult for building owners and managers to integrate different smart building systems and products.

Market Segments

The Smart Buildings Market has been segmented into System, Technology, Application, and Region. Based on System, the Smart Buildings Market is segmented into Parking Management System, Physical Security System, BEMS, and Others. On the basis of Technology, the market is segmented into Wireless Technology, Bus Technology, and Others. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

Some of the key players of Smart Buildings Market are General Electric (US), ASEA Brown Boveri Group (Switzerland), Phoenix Energy Technologies (US), EFT Energy (US), GridPoint, Inc. (US), eSight Energy, Inc. (US), IBM Corporation (US), Cisco Systems Inc. (US), Honeywell International Inc. (US), and Johnson Controls, Inc. (Ireland).

Smart Buildings Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Smart Buildings Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.  
  • The report also covers qualitative as well as quantitative analysis of the Smart Buildings Market in terms of revenue ($Million).  
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Smart Buildings industry.
  • A thorough analysis of market trends and restraints is provided.  
  • By region as well as country market analysis is also presented in this report.  
  • Analytical depiction of the Smart Buildings Market along with the current trends and future estimations depict imminent investment pockets. The overall Smart Buildings industry opportunity is examined by understanding profitable trends to gain a stronger foothold.  
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Smart Buildings Market are also analyzed.

Why GIS?

Table of Contents

Chapter 1.Smart Buildings Market Overview
1.1.Objectives of the Study
1.2.Market Definition and Research & Scope
1.3.Research Limitations
1.4.Research Methodologies
1.4.1.Secondary Research
1.4.2.Market Size Estimation Technique
1.4.3.Forecasting
1.4.4.Primary Research and Data Validation

Chapter 2.Executive Summary
2.1.Summary
2.2.Key Highlights of the Market

Chapter 3.Premium Insights on the Market
3.1.Market Attractiveness Analysis, by Region
3.2.Market Attractiveness Analysis, by System
3.3.Market Attractiveness Analysis, by Technology
3.4.Market Attractiveness Analysis, by Application

Chapter 4.Smart Buildings Market Outlook
4.1.Smart Buildings Market Segmentation
4.2.Market Dynamics
4.2.1.Market Drivers
4.2.1.1.Driver 1
4.2.1.2.Driver 2
4.2.1.3.Driver 3
4.2.2.Market Restraints
4.2.2.1.Restraint 1
4.2.2.2.Restraint 2
4.2.3.Market Opportunities
4.2.3.1.Opportunity 1
4.2.3.2.Opportunity 2
4.3.Porter’s Five Forces Analysis
4.3.1.Threat of New Entrants
4.3.2.Threat of Substitutes
4.3.3.Bargaining Power of Buyers
4.3.4.Bargaining Power of Supplier
4.3.5.Competitive Rivalry
4.4.PESTLE Analysis
4.5.Value Chain Analysis
4.6.Impact of COVID-19 on the Smart Buildings Market
4.7.Impact of the Russia and Ukraine War on the Smart Buildings Market
4.8.Case Study Analysis
4.9.Pricing Analysis

Chapter 5.Smart Buildings Market, by System
5.1.Market Overview
5.2.Parking Management System
5.2.1.Key Market Trends & Opportunity Analysis
5.2.2.Market Size and Forecast, by Region
5.3.Physical Security System
5.3.1.Key Market Trends & Opportunity Analysis
5.3.2.Market Size and Forecast, by Region
5.4.BEMS
5.4.1.Key Market Trends & Opportunity Analysis
5.4.2.Market Size and Forecast, by Region
5.5.Others
5.5.1.Key Market Trends & Opportunity Analysis
5.5.2.Market Size and Forecast, by Region

Chapter 6.Smart Buildings Market, by Technology
6.1.Market Overview
6.2.Wireless Technology
6.2.1.Key Market Trends & Opportunity Analysis
6.2.2.Market Size and Forecast, by Region
6.3.Bus Technology
6.3.1.Key Market Trends & Opportunity Analysis
6.3.2.Market Size and Forecast, by Region
6.4.Others
6.4.1.Key Market Trends & Opportunity Analysis
6.4.2.Market Size and Forecast, by Region

Chapter 7.Smart Buildings Market, by Application
7.1.Market Overview
7.2.Residential
7.2.1.Key Market Trends & Opportunity Analysis
7.2.2.Market Size and Forecast, by Region
7.3.Commercial
7.3.1.Key Market Trends & Opportunity Analysis
7.3.2.Market Size and Forecast, by Region
7.4.Industrial
7.4.1.Key Market Trends & Opportunity Analysis
7.4.2.Market Size and Forecast, by Region

Chapter 8.Smart Buildings Market, by Region
8.1.Overview
8.2.North America
8.2.1.Key Market Trends and Opportunities
8.2.2.North America Smart Buildings Market Size and Forecast, by System
8.2.3.North America Smart Buildings Market Size and Forecast, by Application
8.2.4.North America Smart Buildings Market Size and Forecast, by Technology
8.2.5.North America Smart Buildings Market Size and Forecast, by Country
8.2.6.The U.S.
8.2.6.1.The U.S. Smart Buildings Market Size and Forecast, by System
8.2.6.2.The U.S. Smart Buildings Market Size and Forecast, by Application
8.2.6.3.The U.S. Smart Buildings Market Size and Forecast, by Technology
8.2.7.Canada
8.2.7.1.Canada Smart Buildings Market Size and Forecast, by System
8.2.7.2.Canada Smart Buildings Market Size and Forecast, by Application
8.2.7.3.Canada Smart Buildings Market Size and Forecast, by Technology
8.2.8.Mexico
8.2.8.1.Mexico Smart Buildings Market Size and Forecast, by System
8.2.8.2.Mexico Smart Buildings Market Size and Forecast, by Application
8.2.8.3.Mexico Smart Buildings Market Size and Forecast, by Technology
8.3.Europe
8.3.1.Key Market Trends and Opportunities
8.3.2.Europe Smart Buildings Market Size and Forecast, by System
8.3.3.Europe Smart Buildings Market Size and Forecast, by Application
8.3.4.Europe Smart Buildings Market Size and Forecast, by Technology
8.3.5.Europe Smart Buildings Market Size and Forecast, by Country
8.3.6.The UK
8.3.6.1.The UK Smart Buildings Market Size and Forecast, by System
8.3.6.2.The UK Smart Buildings Market Size and Forecast, by Application
8.3.6.3.The UK Smart Buildings Market Size and Forecast, by Technology
8.3.7.Germany
8.3.7.1.Germany Smart Buildings Market Size and Forecast, by System
8.3.7.2.Germany Smart Buildings Market Size and Forecast, by Application
8.3.7.3.Germany Smart Buildings Market Size and Forecast, by Technology
8.3.8.France
8.3.8.1.France Smart Buildings Market Size and Forecast, by System
8.3.8.2.France Smart Buildings Market Size and Forecast, by Application
8.3.8.3.France Smart Buildings Market Size and Forecast, by Technology
8.3.9.Spain
8.3.9.1.Spain Smart Buildings Market Size and Forecast, by System
8.3.9.2.Spain Smart Buildings Market Size and Forecast, by Application
8.3.9.3.Spain Smart Buildings Market Size and Forecast, by Technology
8.3.10.Italy
8.3.10.1.Italy Smart Buildings Market Size and Forecast, by System
8.3.10.2.Italy Smart Buildings Market Size and Forecast, by Application
8.3.10.3.Italy Smart Buildings Market Size and Forecast, by Technology
8.3.11. Netherlands
8.3.11.1.Netherlands Smart Buildings Market Size and Forecast, by System
8.3.11.2.Netherlands Smart Buildings Market Size and Forecast, by Application
8.3.11.3.Netherlands Smart Buildings Market Size and Forecast, by Technology
8.3.12. Sweden
8.3.12.1.Sweden Smart Buildings Market Size and Forecast, by System
8.3.12.2.Sweden Smart Buildings Market Size and Forecast, by Application
8.3.12.3.Sweden Smart Buildings Market Size and Forecast, by Technology
8.3.13.Switzerland
8.3.13.1.Switzerland Smart Buildings Market Size and Forecast, by System
8.3.13.2.Switzerland Smart Buildings Market Size and Forecast, by Application
8.3.13.3.Switzerland Smart Buildings Market Size and Forecast, by Technology
8.3.14.Denmark
8.3.14.1.Denmark Smart Buildings Market Size and Forecast, by System
8.3.14.2.Denmark Smart Buildings Market Size and Forecast, by Application
8.3.14.3.Denmark Smart Buildings Market Size and Forecast, by Technology
8.3.15.Finland
8.3.15.1.Finland Smart Buildings Market Size and Forecast, by System
8.3.15.2.Finland Smart Buildings Market Size and Forecast, by Application
8.3.15.3.Finland Smart Buildings Market Size and Forecast, by Technology
8.3.16.Russia
8.3.16.1.Russia Smart Buildings Market Size and Forecast, by System
8.3.16.2.Russia Smart Buildings Market Size and Forecast, by Application
8.3.16.3.Russia Smart Buildings Market Size and Forecast, by Technology
8.3.17.Rest of Europe
8.3.17.1.Rest of Europe Smart Buildings Market Size and Forecast, by System
8.3.17.2.Rest of Europe Smart Buildings Market Size and Forecast, by Application
8.3.17.3.Rest of Europe Smart Buildings Market Size and Forecast, by Technology
8.4.Asia-Pacific
8.4.1.Key Market Trends and Opportunities
8.4.2.Asia-Pacific Smart Buildings Market Size and Forecast, by Country
8.4.3.Asia-Pacific Smart Buildings Market Size and Forecast, by System
8.4.4.Asia-Pacific Smart Buildings Market Size and Forecast, by Application
8.4.5.Asia-Pacific Smart Buildings Market Size and Forecast, by Technology
8.4.6.China
8.4.6.1.China Smart Buildings Market Size and Forecast, by System
8.4.6.2.China Smart Buildings Market Size and Forecast, by Application
8.4.6.3.China Smart Buildings Market Size and Forecast, by Technology
8.4.7.India
8.4.7.1.India Smart Buildings Market Size and Forecast, by System
8.4.7.2.India Smart Buildings Market Size and Forecast, by Application
8.4.7.3.India Smart Buildings Market Size and Forecast, by Technology
8.4.8.Japan
8.4.8.1.Japan Smart Buildings Market Size and Forecast, by System
8.4.8.2.Japan Smart Buildings Market Size and Forecast, by Application
8.4.8.3.Japan Smart Buildings Market Size and Forecast, by Technology
8.4.9.South Korea
8.4.9.1.South Korea Smart Buildings Market Size and Forecast, by System
8.4.9.2.South Korea Smart Buildings Market Size and Forecast, by Application
8.4.9.3.South Korea Smart Buildings Market Size and Forecast, by Technology
8.4.10. Australia
8.4.10.1.Australia Smart Buildings Market Size and Forecast, by System
8.4.10.2.Australia Smart Buildings Market Size and Forecast, by Application
8.4.10.3.Australia Smart Buildings Market Size and Forecast, by Technology
8.4.11.Singapore
8.4.11.1.Singapore Smart Buildings Market Size and Forecast, by System
8.4.11.2.Singapore Smart Buildings Market Size and Forecast, by Application
8.4.11.3.Singapore Smart Buildings Market Size and Forecast, by Technology
8.4.12.Indonesia
8.4.12.1.Indonesia Smart Buildings Market Size and Forecast, by System
8.4.12.2.Indonesia Smart Buildings Market Size and Forecast, by Application
8.4.12.3.Indonesia Smart Buildings Market Size and Forecast, by Technology
8.4.13.Taiwan
8.4.13.1.Taiwan Smart Buildings Market Size and Forecast, by System
8.4.13.2.Taiwan Smart Buildings Market Size and Forecast, by Application
8.4.13.3.Taiwan Smart Buildings Market Size and Forecast, by Technology
8.4.14.Malaysia
8.4.14.1.Malaysia Smart Buildings Market Size and Forecast, by System
8.4.14.2.Malaysia Smart Buildings Market Size and Forecast, by Application
8.4.14.3.Malaysia Smart Buildings Market Size and Forecast, by Technology
8.4.15.Rest of APAC
8.4.15.1.Rest of APAC Smart Buildings Market Size and Forecast, by System
8.4.15.2.Rest of APAC Smart Buildings Market Size and Forecast, by Application
8.4.15.3.Rest of APAC Smart Buildings Market Size and Forecast, by Technology
8.5.Rest of The World
8.5.1.Key Market Trends and Opportunities
8.5.2.Rest of The World Smart Buildings Market Size and Forecast, by System
8.5.3.Rest of The World Smart Buildings Market Size and Forecast, by Application
8.5.4.Rest of The World Smart Buildings Market Size and Forecast, by Technology
8.5.5.Rest of The World Smart Buildings Market Size and Forecast, by Country
8.5.6.Latin America
8.5.6.1.Latin America Smart Buildings Market Size and Forecast, by System
8.5.6.2.Latin America Smart Buildings Market Size and Forecast, by Application
8.5.6.3.Latin America Smart Buildings Market Size and Forecast, by Technology
8.5.7.Middle East
8.5.7.1.Middle East Smart Buildings Market Size and Forecast, by System
8.5.7.2.Middle East Smart Buildings Market Size and Forecast, by Application
8.5.7.3.Middle East Smart Buildings Market Size and Forecast, by Technology
8.5.8.Africa
8.5.8.1.Africa Smart Buildings Market Size and Forecast, by System
8.5.8.2.Africa Smart Buildings Market Size and Forecast, by Application
8.5.8.3.Africa Smart Buildings Market Size and Forecast, by Technology

Chapter 9.Competitive Landscape
9.1.Overview
9.2.Market Share Analysis/Key Player Positioning
9.3.Vendor Benchmarking
9.4.Developmental Strategy Benchmarking
9.4.1.New Product Developments
9.4.2.Product Launches
9.4.3.Business Expansions
9.4.4.Partnerships, Joint Ventures, and Collaborations
9.4.5.Mergers and Acquisitions

Chapter 10.Company Profiles
10.1.  General Electric (US)
10.1.1.Company Snapshot
10.1.2.Financial Performance
10.1.3.Product Offerings
10.1.4.Key Developmental Strategies
10.1.5.SWOT Analysis
10.2. ASEA Brown Boveri Group (Switzerland)
10.2.1.Company Snapshot
10.2.2.Financial Performance
10.2.3.Product Offerings
10.2.4.Key Developmental Strategies
10.2.5.SWOT Analysis
10.3.  Phoenix Energy Technologies (US)
10.3.1.Company Snapshot
10.3.2.Financial Performance
10.3.3.Product Offerings
10.3.4.Key Developmental Strategies
10.3.5.SWOT Analysis
10.4.  EFT Energy (US)
10.4.1.Company Snapshot
10.4.2.Financial Performance
10.4.3.Product Offerings
10.4.4.Key Developmental Strategies
10.4.5.SWOT Analysis
10.5.   GridPoint, Inc. (US)
10.5.1.Company Snapshot
10.5.2.Financial Performance
10.5.3.Product Offerings
10.5.4.Key Developmental Strategies
10.5.5.SWOT Analysis
10.6.   eSight Energy, Inc. (US)
10.6.1.Company Snapshot
10.6.2.Financial Performance
10.6.3.Product Offerings
10.6.4.Key Developmental Strategies
10.6.5.SWOT Analysis
10.7.     IBM Corporation (US)
10.7.1.Company Snapshot
10.7.2.Financial Performance
10.7.3.Product Offerings
10.7.4.Key Developmental Strategies
10.7.5.SWOT Analysis
10.8.Cisco Systems Inc. (US)
10.8.1.Company Snapshot
10.8.2.Financial Performance
10.8.3.Product Offerings
10.8.4.Key Developmental Strategies
10.8.5.SWOT Analysis
10.9.    Honeywell International Inc. (US)
10.9.1.Company Snapshot
10.9.2.Financial Performance
10.9.3.Product Offerings
10.9.4.Key Developmental Strategies
10.9.5.SWOT Analysis
10.10.    Johnson Controls, Inc. (Ireland)
10.10.1.Company Snapshot
10.10.2.Financial Performance
10.10.3.Product Offerings
10.10.4.Key Developmental Strategies
10.10.5.SWOT Analysis
*The list of companies is subject to change during the final compilation of the report

Market Segments

By System

  • Parking Management System
  • Physical Security System
  • BEMS
  • Others

By Technology

  • Wireless Technology
  • Bus Technology
  • Others

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America  
    • The U.S. 
    • Canada 
    • Mexico 
  • Europe 
    • The U.K. 
    • Germany 
    • France 
    • Spain 
    • Italy 
    • Netherlands 
    • Sweden 
    • Switzerland 
    • Denmark 
    • Finland 
    • Russia 
    • Rest of Europe 
  • The Asia-Pacific 
    • China 
    • India 
    • Japan 
    • South Korea 
    • Australia 
    • Singapore 
    • Indonesia 
    • Taiwan 
    • Malaysia 
    • Rest of Asia-Pacific 
  • Rest of the World 
    • Latin America 
    • The Middle East 
    • Africa

Order this Report

Have questions about the scope of the report ?

Have specific requirements ?

Budget Constraints ?

Related Reports

Field force automation (FFA) is the use of…
WiGig, also known as 802.11ad, is a wireless…
The global Virtual Charter Schools Market size was…
Virtual events are events that are held online…
The Industrial Energy Management System (IEMS) is a…
IT services leverage the business and technical expertise…
Mobile and wireless backhaul is the process of…
Mobile payment security is the process of protecting…
The Aviation Weather Forecasting Systems Market size was…
In-vehicle payment is a form of electronic payment…