Smart Building Market Size, Share & Trends Analysis Report By Component (Solution, Service), By Solution (Energy Management, Network Management), By Service (Consulting, Implementation, Support & Maintenance), By End-use (Residential, Commercial, Industri
Description
Smart Building Market Summary
The global smart building market size was estimated at USD 126.58 billion in 2024 and is projected to reach USD 571.28 billion by 2030, growing at a CAGR of 30.4% from 2025 to 2030. The market growth is driven by the increasing adoption of IoT-enabled building management systems, rising demand for energy efficiency, and heightened awareness of sustainability.
Additionally, technological advancements in automation, data analytics, and AI-driven energy management solutions enable predictive maintenance, real-time monitoring, and optimized climate control, further accelerating smart building industry growth. The increasing adoption of advanced automation, IoT, and AI technologies to enhance energy efficiency, occupant comfort, and operational performance is significantly driving the market growth.
Smart buildings integrate interconnected systems such as lighting, HVAC, security, and facility management into a centralized platform, enabling real-time monitoring and data-driven decision-making. Urbanization, sustainability mandates, and the growing demand for energy conservation are encouraging both private and public sectors to invest in these solutions. Furthermore, government initiatives and green building certifications are boosting the adoption rate worldwide, thereby boosting the smart building industry expansion.
Additionally, technological advancements are redefining the smart building industry, with AI-powered analytics, edge computing, and digital twins becoming core enablers of operational excellence. Building management systems (BMS) are evolving from traditional monitoring tools to predictive and adaptive platforms, reducing costs and improving efficiency. The integration of renewable energy systems and smart grids enhances sustainability goals, aligning with global carbon reduction commitments. Additionally, the rise of hybrid work models is prompting organizations to optimize space utilization through occupancy sensors and intelligent workspace management tools, thereby driving the market growth.
Global Smart Building Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global smart building market report based on component, solution, service, end-use, and region:
The global smart building market size was estimated at USD 126.58 billion in 2024 and is projected to reach USD 571.28 billion by 2030, growing at a CAGR of 30.4% from 2025 to 2030. The market growth is driven by the increasing adoption of IoT-enabled building management systems, rising demand for energy efficiency, and heightened awareness of sustainability.
Additionally, technological advancements in automation, data analytics, and AI-driven energy management solutions enable predictive maintenance, real-time monitoring, and optimized climate control, further accelerating smart building industry growth. The increasing adoption of advanced automation, IoT, and AI technologies to enhance energy efficiency, occupant comfort, and operational performance is significantly driving the market growth.
Smart buildings integrate interconnected systems such as lighting, HVAC, security, and facility management into a centralized platform, enabling real-time monitoring and data-driven decision-making. Urbanization, sustainability mandates, and the growing demand for energy conservation are encouraging both private and public sectors to invest in these solutions. Furthermore, government initiatives and green building certifications are boosting the adoption rate worldwide, thereby boosting the smart building industry expansion.
Additionally, technological advancements are redefining the smart building industry, with AI-powered analytics, edge computing, and digital twins becoming core enablers of operational excellence. Building management systems (BMS) are evolving from traditional monitoring tools to predictive and adaptive platforms, reducing costs and improving efficiency. The integration of renewable energy systems and smart grids enhances sustainability goals, aligning with global carbon reduction commitments. Additionally, the rise of hybrid work models is prompting organizations to optimize space utilization through occupancy sensors and intelligent workspace management tools, thereby driving the market growth.
Global Smart Building Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global smart building market report based on component, solution, service, end-use, and region:
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Solution
- Service
- Solution Outlook (Revenue, USD Million, 2018 - 2030)
- Safety & Security Management
- Access Control System
- Video Surveillance System
- Fire and Life Safety System
- Energy Management
- HVAC Control System
- Lighting Management System
- Others
- Building Infrastructure Management
- Parking Management System
- Water Management System
- Others
- Network Management
- Wired Technology
- Wireless Technology
- Integrated Workplace Management System (IWMS)
- Real Estate Management
- Capital Project Management
- Facility Management
- Operations and Services Management
- Environment and Energy Management
- Service Outlook (Revenue, USD Million, 2018 - 2030)
- Consulting
- Implementation
- Support & Maintenance
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Residential
- Commercial
- Healthcare
- Retail
- Academic
- Others
- Industrial
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
Table of Contents
150 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
- Chapter 3. Smart Building Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Smart Building Market Analysis Tools
- 3.3.1. Industry Analysis - Porter’s
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- Chapter 4. Smart Building Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Building Market: Component Movement Analysis, USD Million, 2024 & 2030
- 4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Service
- 4.4.1. Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 5. Smart Building Market: Solution Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Building Market: Solution Movement Analysis, USD Million, 2024 & 2030
- 5.3. Safety & Security Management
- 5.3.1. Safety & Security Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. Access Control System
- 5.3.2.1. Access Control System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.3. Video Surveillance System
- 5.3.3.1. Video Surveillance System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.4. Fire and Life Safety System
- 5.3.4.1. Fire and Life Safety System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Building Infrastructure Management
- 5.4.1. Building Infrastructure Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. Parking Management System
- 5.4.2.1. Parking Management System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.3. Water Management System
- 5.4.3.1. Water Management System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.4. Others
- 5.4.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Energy Management
- 5.5.1. Energy Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.2. HVAC Control System
- 5.5.2.1. HVAC Control System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.3. Lighting Management System
- 5.5.3.1. Lighting Management System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.4. Others
- 5.5.4.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Network Management
- 5.6.1. Network Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.2. Wired Technology
- 5.6.2.1. Wired Technology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.3. Wireless Technology
- 5.6.3.1. Wireless Technology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Integrated Workplace Management System (IWMS)
- 5.7.1. Integrated Workplace Management System (IWMS) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7.2. Real Estate Management
- 5.7.2.1. Real Estate Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7.3. Capital Project Management
- 5.7.3.1. Capital Project Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7.4. Facility Management
- 5.7.4.1. Facility Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7.5. Operations and Services Management
- 5.7.5.1. Operations and Services Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7.6. Environment and Energy Management
- 5.7.6.1. Environment and Energy Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 6. Smart Building Market: Service Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Building Market: Service Movement Analysis, USD Million, 2024 & 2030
- 6.3. Consulting
- 6.3.1. Consulting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Implementation
- 6.4.1. Implementation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Support & Maintenance
- 6.5.1. Support & Maintenance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 7. Smart Building Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Smart Building Market: End Use Movement Analysis, USD Million, 2024 & 2030
- 7.3. Residential
- 7.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million
- 7.4. Commercial
- 7.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Healthcare
- 7.4.2.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Retail
- 7.4.3.1. Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Academic
- 7.4.4.1. Academic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Others
- 7.4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Industrial
- 7.5.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Smart Building Market, By Region, 2024 & 2030
- 8.2. North America
- 8.2.1. North America Smart Building Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Spain
- 8.3.6.1. Spain Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Argentina
- 8.5.3.1. Argentina Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Smart Building Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 9. Smart Building Market - Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. ABB Ltd.
- 9.4.1.1. Participant’s Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. BOSCH
- 9.4.2.1. Participant’s Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Cisco Systems Inc.
- 9.4.3.1. Participant’s Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Emerson Electric Co.
- 9.4.4.1. Participant’s Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Hitachi, Ltd.
- 9.4.5.1. Participant’s Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Honeywell International Inc.
- 9.4.6.1. Participant’s Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. INTEL Corporation
- 9.4.7.1. Participant’s Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Johnson Controls
- 9.4.8.1. Participant’s Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. KMC Controls
- 9.4.9.1. Participant’s Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. LG Electronics Inc.
- 9.4.10.1. Participant’s Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives
- 9.4.11. Legrand
- 9.4.11.1. Participant’s Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Strategic Initiatives
- 9.4.12. Schneider Electric Corporation
- 9.4.12.1. Participant’s Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Product Benchmarking
- 9.4.12.4. Strategic Initiatives
- 9.4.13. Siemens AG
- 9.4.13.1. Participant’s Overview
- 9.4.13.2. Financial Performance
- 9.4.13.3. Product Benchmarking
- 9.4.13.4. Strategic Initiatives
- 9.4.14. Sierra Wireless (Semtech)
- 9.4.14.1. Participant’s Overview
- 9.4.14.2. Financial Performance
- 9.4.14.3. Product Benchmarking
- 9.4.14.4. Strategic Initiatives
- 9.4.15. Telit
- 9.4.15.1. Participant’s Overview
- 9.4.15.2. Financial Performance
- 9.4.15.3. Product Benchmarking
- 9.4.15.4. Strategic Initiatives
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