Press Release
Global Smart Building Market Is Expected to Reach $81.6 Billion, Says Variant Market Research
 Published Date:  Jun 2018  Publish By: Variant Market Research

According to the latest report published by Variant Market Research,the global smart building market size is projected to reach $81.6 billion by 2025. In this report, smart buildingmarket forecast says that the global market is growing at a CAGR of 34.7% from 2017 to 2025. By geography, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. Smart building incorporates main building systems on a communal network and shares information & functionality among systems to advance energy effectiveness and operational efficiency. Automated systems, digital infrastructure, wireless technologies, intelligent building management systems, and remote monitoring are some of the smart technologies which are used for smart buildings.

Smart Building Market (By Type: Building Automation Software and Services; By Building Type: Residential Buildings, Manufacturing Facilities, Commercial Buildings, Government & Public Infrastructure Facilities, University, School, & Hospital Buildings, and Other Building Types; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/energy-mining/smart-building-market 

Rising requirement for integrated security & safety systems drives the global smart building market

The global smart building market trend includes execution of IoT platform within the building automation technology, rising requirement for integrated security & safety systems, and reducing operational cost. Though, high initial investment might act as a roadblock for the global smart building market growth. Moreover, increasing cloud based IoT platforms would offer worthwhile opportunities for the market in the coming years.

Market Segmentation

Type, building type, and geography are the classification of the global smart building market. The type segment is categorized into building automation software and services. Residential buildings, manufacturing facilities, commercial buildings, government & public infrastructure facilities, university, school, & hospital buildings, and other building types are the segregation of building type segment.

By geography, global smart building market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Russia, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, India, South Korea, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

Residential building, by building type projected to grow at the highest CAGR over the forecast period

On the basis of building type, residential building segment is expected togrow at the highest CAGR over the forecast period. The capability of communication standards & protocols to combine many control devices & minimalize the usage of wires owing to the arrival of wireless technologies is driving the growth of the residential building segment of the global smart building market.

Services, by type is anticipated to gain the fastest CAGR between 2017 and 2025

Services, by typeis predicted to achieve the fastest CAGR during the forecast period. The growth is driven by fact that service providers assistance in executing intelligent automation and technologies for the effective operation as well as maintenance of buildings in a cost-effective way. The services comprised are training & consulting, support, and integration provided by many vendors in this market.

Europe expected to be the dominant market during the forecast period

Europe is anticipated to account for the maximum market share over the forecast period. The growth of the market in the region is attributed to the governments growing initiatives about building smart and intelligent structures in the region.

Competitive Landscape

Key players are offering innovative products and services to increase their smart building market share. Main players competing in the market include Cisco Systems, Inc., Honeywell International Inc., Hitachi, Ltd., Schneider Electric, Johnson Controls, Emerson Electric Co, General Electric, Ingersoll-Rand plc, Hewlett Packard Enterprise, and Delta Controls, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
    2.1 Global Smart Building Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Smart Building Market by Type: Market Size and Forecast, 2016 – 2025
    4.1 Overview
    4.2 Building Automation Software
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          4.2.3 Market Size and Forecast by Region, 2016 – 2025 ($ Billion)
    4.3 Services
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          4.3.3 Market Size and Forecast by Region, 2016 – 2025 ($ Billion)
Chapter 5 Global Smart Building Market by Building Type: Market Size and Forecast, 2016 – 2025
    5.1 Overview
    5.2 Residential Buildings
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          5.2.3 Market Size and Forecast by Region, 2016 – 2025 ($ Billion)
    5.3 Manufacturing Facilities
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          5.3.3 Market Size and Forecast, 2016 – 2025 ($ Billion)
    5.4 Commercial Buildings
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          5.4.3 Market Size and Forecast, 2016 – 2025 ($ Billion)
    5.5 Government & Public Infrastructure Facilities
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          5.5.3 Market Size and Forecast, 2016 – 2025 ($ Billion)
    5.6 University, School, & Hospital Buildings
          5.6.1 Current Trend and Analysis
          5.6.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          5.6.3 Market Size and Forecast, 2016 – 2025 ($ Billion)
    5.7 Other Building Types
          5.7.1 Current Trend and Analysis
          5.7.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          5.7.3 Market Size and Forecast, 2016 – 2025 ($ Billion)
Chapter 6 Global Smart Building Market by Geography: Market Size and Forecast, 2016 – 2025
    6.1 Overview
         6.1.1 Global Smart Building Market Year-on-Year Growth, by regions 2017 – 2025 (%)
    6.2 North America
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.2.3 U.S.
                   6.2.3.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.2.4 Canada
                   6.2.4.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.2.5 Mexico
                   6.2.5.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
    6.3 Europe
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.3.3 UK
                   6.3.3.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.3.4 Russia
                   6.3.4.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.3.5 Germany
                   6.3.5.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.3.6 France
                   6.3.6.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.3.7 Italy
                   6.3.7.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.3.8 Rest of Europe
                   6.3.8.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
    6.4 Asia-Pacific
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.4.3 India
                   6.4.3.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.4.4 China
                   6.4.4.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.4.5 Japan
                   6.4.5.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.4.6 South Korea
                   6.4.6.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.4.7 Rest of Asia-Pacific
                   6.4.7.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
    6.5 RoW
          6.5.1 Current Trend and Analysis
           6.5.2 Market Size and Forecast
          6.5.3 South America
                   6.5.3.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.5.4 Middle East
                   6.5.4.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
          6.5.5 Africa
                   6.5.5.1 Market Size and Forecast, 2016 – 2025 ($ Billion)
Chapter 7 Company Profiles
    7.1 Honeywell International Inc.
    7.2 Hitachi, Ltd.
    7.3 Schneider Electric
    7.4 Johnson Controls 
     7.5 Emerson Electric Co.
    7.6 General Electric
    7.7 Delta Controls
    7.8 Cisco Systems, Inc.
    7.9 Ingersoll-Rand plc
    7.10 Hewlett Packard Enterprise

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