Smart Buildings Market, Global Outlook and Forecast 2024-2031
Smart building is a solution that transforms an automated building into an intelligent building. It integrates building management systems (BMS) with business systems and provides data analytical tools to all standalone systems to enable the control systems capabilities of making decisions. Smart buildings have automated seamless integration of all the standalone system backed by building Internet of things (BIoT) to make each device intelligent to understand the environment beyond the provided controls and work. Smart buildings can generate analytical reports with the help of analytical tools of cloud or big data to help managers understand the trends and how optimization can be achieved further.
This report contains market size and forecasts of Smart Buildings in Global, including the following market information:
Global Smart Buildings Market Size 2024-2029, ($ millions)
The global Smart Buildings market is projected to reach US$ 159380 million by 2029.
The Building management system (BMS) segment held the maximum market shares during 2017. The segment is expected to retain its market domIinance due to the increasing industrial development, commercialization, and awareness of the effective utilization of energy and building optimization in regions such as EMEA and APAC. Furthermore, the technological innovations such as the Internet of things (IoT), analytics, and cloud computing for effective monitoring, controlling, and operating building facilities will also propel the adoption of BMS.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Buildings companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Buildings Market, by Type, 2024-2029 ($ millions)
Global Smart Buildings Market Segment Percentages, by Type
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
Otehr
Global Smart Buildings Market, by Application, 2024-2029 ($ millions)
Global Smart Buildings Market Segment Percentages, by Application
Residential
Commercial
Other
Global Smart Buildings Market, By Region and Country, 2024-2029 ($ Millions)
Global Smart Buildings Market Segment Percentages, by region and country
United States
Europe
Asia
China
Rest of World
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Honeywell
Siemens
Schneider Electric
Johnson Controls
United Technologies
Bosch Security Systems
ABB
Advantech
Cisco
Control4
Emerson
IBM
Panasonic
Verdigris Technologies
Legrand
BuildingIQ
Delta Controls
