What is the Global market size of the Smart Building Market?

Global Smart Building Market size was valued at USD 82.77 billion in 2021 and is poised to grow from USD 103.91 billion in 2022 to USD 538.45 billion by 2030, growing at a CAGR of 25.3% in the forecast period (2023-2030).

What is the key driver of the Global Smart Building Market?

Consumers' increased interest in building technology that saves running costs, as well as individuals' growing knowledge of the need for energy consumption are the major drivers driving the industry's revenue development.

What is the key market trend for the Global Smart Building Market?

Increasing urbanisation to fuel the adoption of smart building industry: Rapid urbanisation is predicted to fuel the growth of the global smart building industry in the coming years. According to a high-level ExpForum 2019 assessment, 70% of the world's population is predicted to migrate to cities by 2050. This aspect will increase the need for structures and places to support livelihood and employment needs.

Which region accounted for the largest share in the Global Smart Building Market?

North America dominated the global market in 2022, accounting for 33.3% of the total market share. The expanding governmental and private investments, as well as the developing digitization, can be contributed to regional growth. Furthermore, numerous end-use segments in the United States are turning their present workplaces into smart offices. Because of increased expenditures in green building technologies, the United States dominated the regional market. For example, the Duke Energy Center in the United States, a 51-story tower skyscraper, obtained the highest green rating from LEED Platinum after implementing intelligent building infrastructure.

Top Smart Building Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Smart Building Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Smart Building industry players.

Smart Building Market Competitive Landscape

Increased strategic acquisitions and collaborations to strengthen key players' market position, as to increase their market share, the leading companies in the smart building industry are proactively entering into partnerships and alliances. To assure the safety and quality of smart solutions, the players also collaborate with various rating and evaluation certification providers. The players are acquiring local players across nations to boost their worldwide reach. Furthermore, industry participants are constantly investing in the development and introduction of new intelligent systems and services for controlling commercial and residential building operations.

Smart Building Market Top Player's Company Profiles

Siemens AG
Honeywell International Inc.
Schneider Electric SE
Johnson Controls International plc
ABB Ltd.
Cisco Systems, Inc.
United Technologies Corporation
IBM Corporation
Delta Controls Inc.
Crestron Electronics, Inc.
Lutron Electronics Co. Inc.
Legrand SA
BuildingIQ Inc.
Hitachi, Ltd.
Huawei Technologies Co. Ltd.
Panasonic Corporation
Philips Lighting Holding B.V.
Siemens Building Technologies
Toshiba Corporation
Emerson Electric Co.

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FAQs

Global Smart Building Market size was valued at USD 132.3 Billion in 2024 and is poised to grow from USD 166.7 Billion in 2025 to USD 1059 Billion by 2033, growing at a CAGR of 26% during the forecast period (2026–2033).

Smart building providers should invest in developing affordable solutions to improve application across different types of buildings. Targeting countries with high number of smart cities and developed internet infrastructure also helps boost business scope for companies as per this smart building market analysis. 'Cisco (US) ', 'IBM (US) ', 'Honeywell (US) ', 'Siemens (Germany) ', 'Johnson Controls (Ireland) ', 'Huawei (China) ', 'Intel (US) ', 'PTC (US) ', 'ABB (Switzerland) ', 'Hitachi (Japan) ', 'Schneider Electric (France) ', 'Telit (UK) ', 'Legrand (France) ', 'Bosch (Germany) ', 'KMC Controls (US) ', 'Verdigris Technologies (US) ', '75F (US) ', 'ENTOUCH (US) ', 'Gaia (India) ', 'Softdel System (US)'

Why North America Leads Smart Building Adoption on a Global Level? Early adoption of advanced technologies, a mature IoT ecosystem, and high awareness of energy management make North America the top region for smart building companies. A well-developed IT sector, presence of leading market players, and increasing demand for integrated building solutions for safety, comfort, and efficiency are cementing the dominance of this region on a global level. Emphasis on cybersecurity, energy optimization, and workplace wellness in commercial real estate is also expected to bolster the high share of this region in terms smart building adoption.

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Top Smart Building Companies

Smart Building Market Competitive Landscape

FAQs

What is the global market size of Smart Building Market?

Who are the key vendors in the Smart Building Market?

What is the key driver of Smart Building Market?

What is the key market trend for Smart Building Market?

Which region accounted for the largest share in Smart Building Market?

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