Smart buildings market: Historic industry size & analysis of 15 vendors and 7 countries - Technavio

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Dec 12, 2022, 21:00 ET

NEW YORK, Dec. 12, 2022 /PRNewswire/ -- The smart buildings market size is forecast to increase by USD 46,123.2 million from 2022 to 2027, at a CAGR of 9.73%, according to the recent market study by Technavio. The growth of the market will be driven by stringent government regulations on energy consumption in buildings, the growing need for building automation to enhance business outcomes, and the increasing demand to conserve energy.

Technavio has announced its latest market research report titled Global Smart Buildings Market 2023-2027

Technavio categorizes the global smart buildings market as a part of the construction and engineering market, which covers revenue generated from the sales and subscription of IT services, communications services, cloud services, IT hardware, and IT software.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including ABB Ltd., Advantech Co. Ltd., BuildingIQ Inc., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, L and T Technology Services Ltd., Legrand North America LLC, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, and Snap One LLC.

Key Benefits for Industry Players & Stakeholders –

The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future - To get requisite details, ask for a custom report.

Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the smart buildings market by industry experts to evaluate and develop growth strategies.

The market is segmented by solution (software, hardware, and services), product (BMS, HVAC, lighting control, security and access control, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Segmentation by solution (Inclusion/Exclusion)

Inclusion:

Software:

The software segment grew gradually by USD 27,952.08 million in 2017 and continued to grow till 2021. The need for collecting information generated by different subsystems, processors, storage devices, cameras, and sensors has been crucial in driving the growth of the segment. Besides, rising government investments in converting new construction into smart buildings are supporting the growth of the segment.

To get detailed insights about inclusions and exclusions, buy now.

Related Reports –

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What are the key data covered in smart buildings market?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the smart buildings market between 2023 and 2027
Precise estimation of the size of the smart buildings market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the cloud data warehouse market industry across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of smart buildings market vendors

Smart Buildings Market Scope
Report Coverage	Details
Page number	187
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 9.73%
Market growth 2023-2027	USD 46123.2 million
Market structure	Fragmented
YoY growth 2022-2023(%)	8.96
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 31%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., Advantech Co. Ltd., BuildingIQ Inc., BuildingLogiX, Cisco Systems Inc., Delta Electronics Inc., Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, L and T Technology Services Ltd., Legrand North America LLC, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Snap One LLC, Softdel System Pte. Ltd., Verdigris Technologies Inc., Panasonic Holdings Corp., and International Business Machines Corp.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global Smart Buildings Market 2023-2027 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global Smart Buildings Market 2023-2027 2017 - 2021 ($ million)

4.2 Solution Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Solution Segment 2017 - 2021 ($ million)

4.3 Product Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Solution

6.1 Market segments

Exhibit 30: Chart on Solution - Market share 2022-2027 (%)
Exhibit 31: Data Table on Solution - Market share 2022-2027 (%)

6.2 Comparison by Solution

Exhibit 32: Chart on Comparison by Solution
Exhibit 33: Data Table on Comparison by Solution

6.3 Software - Market size and forecast 2022-2027

Exhibit 34: Chart on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Software - Year-over-year growth 2022-2027 (%)

6.4 Hardware - Market size and forecast 2022-2027

Exhibit 38: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Hardware - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

6.5 Services - Market size and forecast 2022-2027

Exhibit 42: Chart on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Services - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Services - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Solution

Exhibit 46: Market opportunity by Solution ($ million)

7 Market Segmentation by Product

7.1 Market segments

Exhibit 47: Chart on Product - Market share 2022-2027 (%)
Exhibit 48: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product

Exhibit 49: Chart on Comparison by Product
Exhibit 50: Data Table on Comparison by Product

7.3 BMS - Market size and forecast 2022-2027

Exhibit 51: Chart on BMS - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on BMS - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on BMS - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on BMS - Year-over-year growth 2022-2027 (%)

7.4 HVAC - Market size and forecast 2022-2027

Exhibit 55: Chart on HVAC - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on HVAC - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on HVAC - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on HVAC - Year-over-year growth 2022-2027 (%)

7.5 Lighting control - Market size and forecast 2022-2027

Exhibit 59: Chart on Lighting control - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Lighting control - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Lighting control - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Lighting control - Year-over-year growth 2022-2027 (%)

7.6 Security and access control - Market size and forecast 2022-2027

Exhibit 63: Chart on Security and access control - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Security and access control - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Security and access control - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Security and access control - Year-over-year growth 2022-2027 (%)

7.7 Others - Market size and forecast 2022-2027

Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by Product

Exhibit 71: Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 73: Chart on Market share by geography 2022-2027 (%)
Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 75: Chart on Geographic comparison
Exhibit 76: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 UK - Market size and forecast 2022-2027

Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027

Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 China - Market size and forecast 2022-2027

Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027

Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 118: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 120: Overview on factors of disruption

11.4 Industry risks

Exhibit 121: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 122: Vendors covered

12.2 Market positioning of vendors

Exhibit 123: Matrix on vendor position and classification

12.3 ABB Ltd.

Exhibit 124: ABB Ltd. - Overview
Exhibit 125: ABB Ltd. - Business segments
Exhibit 126: ABB Ltd. - Key news
Exhibit 127: ABB Ltd. - Key offerings
Exhibit 128: ABB Ltd. - Segment focus

12.4 Advantech Co. Ltd.

Exhibit 129: Advantech Co. Ltd. - Overview
Exhibit 130: Advantech Co. Ltd. - Business segments
Exhibit 131: Advantech Co. Ltd. - Key offerings
Exhibit 132: Advantech Co. Ltd. - Segment focus

12.5 BuildingIQ Inc.

Exhibit 133: BuildingIQ Inc. - Overview
Exhibit 134: BuildingIQ Inc. - Business segments
Exhibit 135: BuildingIQ Inc. - Key offerings
Exhibit 136: BuildingIQ Inc. - Segment focus

12.6 BuildingLogiX

Exhibit 137: BuildingLogiX - Overview
Exhibit 138: BuildingLogiX - Product / Service
Exhibit 139: BuildingLogiX - Key offerings

12.7 Cisco Systems Inc.

Exhibit 140: Cisco Systems Inc. - Overview
Exhibit 141: Cisco Systems Inc. - Business segments
Exhibit 142: Cisco Systems Inc. - Key news
Exhibit 143: Cisco Systems Inc. - Key offerings
Exhibit 144: Cisco Systems Inc. - Segment focus

12.8 Delta Electronics Inc.

Exhibit 145: Delta Electronics Inc. - Overview
Exhibit 146: Delta Electronics Inc. - Business segments
Exhibit 147: Delta Electronics Inc. - Key offerings
Exhibit 148: Delta Electronics Inc. - Segment focus

12.9 Emerson Electric Co.

Exhibit 149: Emerson Electric Co. - Overview
Exhibit 150: Emerson Electric Co. - Business segments
Exhibit 151: Emerson Electric Co. - Key offerings
Exhibit 152: Emerson Electric Co. - Segment focus

12.10 Honeywell International Inc.

Exhibit 153: Honeywell International Inc. - Overview
Exhibit 154: Honeywell International Inc. - Business segments
Exhibit 155: Honeywell International Inc. - Key news
Exhibit 156: Honeywell International Inc. - Key offerings
Exhibit 157: Honeywell International Inc. - Segment focus

12.11 International Business Machines Corp.

Exhibit 158: International Business Machines Corp. - Overview
Exhibit 159: International Business Machines Corp. - Business segments
Exhibit 160: International Business Machines Corp. - Key news
Exhibit 161: International Business Machines Corp. - Key offerings
Exhibit 162: International Business Machines Corp. - Segment focus

12.12 Johnson Controls International Plc

Exhibit 163: Johnson Controls International Plc - Overview
Exhibit 164: Johnson Controls International Plc - Business segments
Exhibit 165: Johnson Controls International Plc - Key news
Exhibit 166: Johnson Controls International Plc - Key offerings
Exhibit 167: Johnson Controls International Plc - Segment focus

12.13 L and T Technology Services Ltd.

Exhibit 168: L and T Technology Services Ltd. - Overview
Exhibit 169: L and T Technology Services Ltd. - Business segments
Exhibit 170: L and T Technology Services Ltd. - Key offerings
Exhibit 171: L and T Technology Services Ltd. - Segment focus

12.14 Robert Bosch GmbH

Exhibit 172: Robert Bosch GmbH - Overview
Exhibit 173: Robert Bosch GmbH - Business segments
Exhibit 174: Robert Bosch GmbH - Key news
Exhibit 175: Robert Bosch GmbH - Key offerings
Exhibit 176: Robert Bosch GmbH - Segment focus

12.15 Schneider Electric SE

Exhibit 177: Schneider Electric SE - Overview
Exhibit 178: Schneider Electric SE - Business segments
Exhibit 179: Schneider Electric SE - Key news
Exhibit 180: Schneider Electric SE - Key offerings
Exhibit 181: Schneider Electric SE - Segment focus

12.16 Siemens AG

Exhibit 182: Siemens AG - Overview
Exhibit 183: Siemens AG - Business segments
Exhibit 184: Siemens AG - Key news
Exhibit 185: Siemens AG - Key offerings
Exhibit 186: Siemens AG - Segment focus

12.17 Snap One LLC

Exhibit 187: Snap One LLC - Overview
Exhibit 188: Snap One LLC - Product / Service
Exhibit 189: Snap One LLC - Key news
Exhibit 190: Snap One LLC - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 191: Inclusions checklist
Exhibit 192: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 193: Currency conversion rates for US$

13.4 Research methodology

Exhibit 194: Research methodology
Exhibit 195: Validation techniques employed for market sizing
Exhibit 196: Information sources

13.5 List of abbreviations

Exhibit 197: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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