Smart Buildings Market to Worth USD 108.9 billion by 2025| 75F (US), ABB (Switzerland), Aquicore (US), Bosch (US), BuildingIQ (US), Cisco (US)

Rising adoption of IoT-enabled building management system, rising awareness of space utilization, increased industry standards and regulations, and increased demand for energy efficient system are expected to drive the overall growth of the Smart buildings market across the globe.

The smart buildings market is projected to grow from USD 66.3 billion in 2020 to USD 108.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. Rising adoption of IoT-enabled building management system, rising awareness of space utilization, increased industry standards and regulations, and increase demand for energy efficient system. Rising adoption of IoT-enabled building management system and raising awareness of space utilization to drive the growth of the market across the globe. However, the lack of cooperation among standard bodies and uniform technology among smart building solutions and high cost of implementation is expected to restrict the growth of the market across the globe.

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Based on solution type, the energy management segment is expected to grow with the fastest growth rate during the forecast period

The energy management segment is projected to grow with the most rapid growth rate in 2020 to 2025. Energy management solutions for smart building help to reduce and monitor the energy consumption of the building. Keeping operational expenses low is a continuous challenge for owners and managers of multistory buildings, schools, or building complexes. Some of the infrastructure available for managing energy in buildings is designed for large systems and not for managers with smaller budgets, resulting in high costs of adoption and integration.

Based on building type, the commercial building segment is expected to lead the Smart buildings market in 2020.

The commercial building segment is expected to lead the smart buildings market in 2020. Energy performance of commercial buildings is a significant challenge for the commercial sector as these buildings consume higher energy and also generate more waste in the form of carbon and other solid wastes. Therefore, appropriate and tailor-made solutions are needed for optimized energy performance to reduce building energy consumption without compromising comfort or security.

The Asia Pacific (APAC) smart buildings market is projected to grow at the highest CAGR during the forecast period.

The APAC smart buildings market is projected to grow at the highest CAGR during the forecast period. The growth of the market in Asia Pacific can be attributed to innovative building technologies are getting traction in the APAC region due to presence of various smart buildings market vendors to use such technology for gaining competitive advantage. Multiple governments in this region have started promoting smart building practices due to rising environmental concerns and the growing need for energy savings. For instance, China has invested heavily into over 2,500 green building projects, and Singapore has decided to aim for 80% cent of its buildings to be certified as Green, under its Green Mark scheme by 2030.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the Smart buildings market.

The breakup of the profiles of the primary participants is given below:

  • By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
  • By Designation: C-level – 38%, Directors – 30%, and Others – 32%
  • By Region: North America – 40%, Europe – 15%, Asia Pacific – 35%, Middle East and Africa – 5%, Latin America – 5%

The major vendors covered in the Smart buildings market include

75F (US), ABB (Switzerland), Aquicore (US), Bosch (US), BuildingIQ (US), Cisco (US), CopperTree Analytics (Canada), ENTOUCH (US), Hitachi (Japan), Honeywell (US), Huawei (China), IBM (US), Igor (US), Intel (US), Johnson Controls (Ireland), KMC Controls (US), Legrand (France), Mode:Green (US), PTC (US), Schneider Electric (Germany), Siemens (Germany), Softdel (US), Spaceti (Czechia), Telit (UK), and Verdigris Technologies (US).

Research coverage

The market study covers the Smart buildings market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on component ( solutions and services), building type, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

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The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global digital payment market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Table Of Contents

1 Introduction
1.1 Introduction To Covid-19
1.2 Covid-19 Health Assessment
Figure 1 Covid-19: Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
1.3 Covid-19 Economic Assessment
Figure 3 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020
1.3.1 Covid-19 Economic Impact—Scenario Assessment
Figure 4 Criteria Impacting Global Economy
Figure 5 Scenarios In Terms Of Recovery Of Global Economy
1.4 Objectives Of The Study
1.5 Market Definition
1.5.1 Inclusions And Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Regions Covered
1.6.3 Years Considered For The Study
1.7 Currency Considered
Table 1 United States Dollar Exchange Rate, 2017–2019
1.8 Stakeholders
1.9 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 6 Smart Buildings Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup Of Primary Profiles
Table 2 Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Breakup And Data Triangulation
Figure 7 Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
Figure 8 Smart Buildings Market Size Estimation: Top-Down Approach (Share Of Smart Buildings Market Of Overall Smart Cities Market)
2.3.2 Bottom-Up Approach
Figure 9 Market Size Estimation: Bottom-Up Approach – Supply-Side Analysis
2.4 Market Forecast
Table 3 Factor Analysis
2.5 Assumptions For The Study
2.6 Limitations Of The Study

3 Executive Summary
Figure 10 Smart Buildings Market, 2017–2025 (Usd Million)
Figure 11 Top Three Leading Segments In Market In 2020
Figure 12 Market, Regional And Country-Wise Shares, 2020

4 Premium Insights
4.1 Attractive Opportunities In Smart Buildings Market
Figure 13 Rising Adoption Of Iot-Enabled Building Management Systems To Drive Market Growth
4.2 Market, By Component
Figure 14 Solutions Segment To Lead Market Growth In 2020
4.3 Market, By Solution
Figure 15 Safety And Security Management Segment To Hold Highest Market Share During Forecast Period
4.4 Market, By Service
Figure 16 Implementation Segment To Hold Highest Market Share During Forecast Period
4.5 Smart Buildings Market, By Building Type
Figure 17 Commercial Segment To Lead Market Growth During 2020–2025
4.6 Market, By Region
Figure 18 Asia Pacific To Grow At Fastest Growth Rate During Forecast Period
4.7 Market, By Country
Figure 19 China And Japan To Account For High Growth During Forecast Period

5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 20 Drivers, Restraints, Opportunities, And Challenges: Smart Buildings Market
5.2.1 Drivers
5.2.1.1 Rising Adoption Of Iot-Enabled Bms
Figure 21 Growth In Iot Deployments Worldwide For Commercial Real Estate, 2015—2020
5.2.1.2 Increasing Awareness Of Space Utilization
Figure 22 Average Office Vacancy Rate Across Office/Admin Space
5.2.1.3 Increased Industry Standards And Regulations
5.2.1.4 Increased Demand For Energy-Efficient Systems
5.2.2 Restraints
5.2.2.1 Lack Of Cooperation Among Standard Bodies
5.2.2.2 High Cost Of Implementation
5.2.3 Opportunities
5.2.3.1 Emergence Of The 5g Technology
5.2.3.2 Rise In The Smart City Trend
5.2.3.3 Government Initiatives And Incentives
5.2.4 Challenges
5.2.4.1 Lack Of Technology Alignment And Skilled Professionals
5.2.4.2 Rise In Privacy And Security Concerns Due To Iot-Enabled Devices
5.3 Covid-19 Market Outlook For Smart Building Market
Table 4 Smart Buildings Market: Analysis Of Drivers And Opportunities In The Covid-19 Era
Table 5 Smart Buildings Solutions: Analysis Of Challenges And Restraints In The Covid-19 Era
5.3.1 Cumulative Growth Analysis
Table 6 Market: Cumulative Growth Analysis
5.4 Market: Ecosystem
Figure 23 Smart Buildings Ecosystem
5.5 Market: Value Chain
Figure 24 Smart Buildings Value Chain
5.6 Smart Buildings Market: Regulations
5.6.1 Bacnet—Data Communication Protocol For Building Automation And Control Networks
5.6.2 Knx
5.6.3 Digital Addressable Lighting Interface
5.6.4 General Data Protection Regulation
5.6.5 Modbus
5.6.6 Cloud Standard Customer Council
5.7 Smart Buildings Market: Patent Analysis
Table 7 Smart/Intelligent Building Patent Applications
Figure 25 Smart/Intelligent Building-Related Patents, By Country, 2017—2020
Figure 26 Smart Home Patents As To Year Of Application, 2006—2020
Figure 27 Top 15 Smart Home Patent Applicants
5.8 Smart Buildings Market: Average Selling Price
Table 8 Smart Building Solution/Software Pricing Analysis
5.9 Market: Porter’s Five Forces
Figure 28 Porter’s Five Forces Analysis Of Market
5.10 Case Studies
5.11 Impact Of Disruptive Technologies
5.11.1 Internet Of Things
5.11.2 Artificial Intelligence And Machine Learning
5.11.3 Building Information Modeling

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