Smart Home and Smart Building Market, Global Outlook and Forecast 2024-2031
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.
This report aims to provide a comprehensive presentation of the global market for Smart Home and Smart Building, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Home and Smart Building. This report contains market size and forecasts of Smart Home and Smart Building in global, including the following market information:
Global Smart Home and Smart Building Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global top five companies in 2023 (%)
The global Smart Home and Smart Building market was valued at US$ 70720 million in 2023 and is projected to reach US$ 151370 million by 2029, at a CAGR of 11.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players inglobal smart building market include Johnson Controls, Honeywell, Schneider, UTC, etc. The top 3 players hold over 20% of global market shares. North America and Europe are main markets, they occupy over 68% of the global market. Building management system (BMS), security and access control, emergency alarm and evacuation system are three main types, with a share about 60% altogher. Commercial buildings is the key application, which hold about 70% shares.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Home and Smart Building 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 Home and Smart Building Market, by Type, 2019-2024, 2024-2029 ($ millions)
Global Smart Home and Smart Building Market Segment Percentages, by Type, 2023 (%)
Energy Management Systems
Security & Access Control
Lighting Control
Home Appliances Control
Entertainment Control
Global Smart Home and Smart Building Market, by Application, 2019-2024, 2024-2029 ($ millions)
Global Smart Home and Smart Building Market Segment Percentages, by Application, 2023 (%)
Commercial Buildings
Residential Buildings
Government Buildings
Global Smart Home and Smart Building Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)
Global Smart Home and Smart Building Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Home and Smart Building revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Smart Home and Smart Building revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Honeywell
ADT
Johnson Controls
Siemens
UTC
Schneider
Ingersoll Rand
Azbil
General Electric
Eaton
Legrand
ABB
Nortek
Crestron
Lutron
Leviton
Comcast
Acuity Brands
Alarm.com
Control4
Sonos
Savant
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Home and Smart Building, market overview.
Chapter 2: Global Smart Home and Smart Building market size in revenue.
Chapter 3: Detailed analysis of Smart Home and Smart Building company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Home and Smart Building in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
