Market Research Logo

Global Smart Buildings Market 2017-2021

Global Smart Buildings Market 2017-2021

About Smart Buildings

Smart building is a solution that transforms an automated building into an intelligent building. It integrates building management systems (BMS) with business systems and provides data analytical tools to all standalone systems to enable the control systems capabilities of making decisions. Smart buildings have automated seamless integration of all the standalone system backed by building Internet of things (BIoT) to make each device intelligent to understand the environment beyond the provided controls and work. Smart buildings can generate analytical reports with the help of analytical tools of cloud or big data to help managers understand the trends and how optimization can be achieved further.

Technavio’s analysts forecast the global smart buildings market to grow at a CAGR of 11.67% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart buildings market for 2017-2021. To calculate the market size, the report considers the new installations, sales, value, retrofit, replacement, aftermarket services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Buildings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Siemens
  • Honeywell
  • Schneider Electric
  • Johnson Controls
  • United Technologies
Other prominent vendors
  • ABB
  • Advantech
  • Bosch Security Systems
  • BuildingIQ
  • BuildingLogix
  • Cisco
  • Control4
  • Delta Controls
  • Emerson
  • IBM
  • Legrand
  • Panasonic
  • Verdigris Technologies
Market driver
  • Increasing demand to conserve energy
  • For a full, detailed list, view our report
Market challenge
  • Interoperability challenge
  • For a full, detailed list, view our report
Market trend
  • Growing concept of BIoT
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Buildings Market 2017-2021

Technavio recognizes the following companies as the key players in the Global Smart Buildings Market 2017-2021: Siemens, Honeywell, Schneider Electric, Johnson Controls, and United Technologies.

Other Prominent Vendors in the market are: ABB, Advantech, Bosch Security Systems, BuildingIQ, BuildingLogix, Cisco, Control4, Delta Controls, Emerson, IBM, Legrand, Panasonic, and Verdigris Technologies.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing concept of BIoT. Smart building is the integration of all standalone automated systems with additional support features such as cloud integration. An individual automated system generates information via smart sensors and actuators and integrates the processed information with building management control system.”

According to the report, one of the major drivers for this market is increasing demand to conserve energy. According to U.S. Energy Information Administration, energy consumed by the building sector, which comprises residential and commercial buildings, accounts for around 20% of the total energy consumption and is expected to increase at an average of around 1.5% from 2012 to 2040. Non-OECD countries will account for double growth compared with OECD nations. More disposable income and modernization are adding to the increasing consumption of energy.

Further, the report states that one of the major factors hindering the growth of this market is interoperability challenge. The upgrade of building automation to the smart building is the biggest challenge for the smart building industry. Most BMS have been deployed a decade ago and are not compatible to be upgraded with smart tools. Thus, they need to be replaced, which increases the cost of implementation of smart systems and deters the adoption of smart buildings in old structures.



Companies Mentioned

Siemens, Honeywell, Schneider Electric, Johnson Controls, United Technologies, ABB, Advantech, Bosch Security Systems, BuildingIQ, BuildingLogix, Cisco, Control4, Delta Controls, Emerson, IBM, Legrand, Panasonic, and Verdigris Technologies.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global smart buildings market overview
    • Market size and forecast
      • Table Global smart buildings market revenue 2016-2021 ($ billions)
      • Table Five forces analysis
  • Market segmentation by solutions
    • Market overview
      • Table Global smart buildings market by solutions 2016 and 2021 (%)
    • Global smart buildings market by software
      • Table Global smart buildings market by software 2016-2021 ($ billions)
      • Table Features of software requirement by end-users
    • Global smart buildings market by hardware
      • Table Global smart buildings market by hardware 2016-2021 ($ billions)
      • Table Prominent hardware installed in buildings
    • Global smart buildings market by services
      • Table Global smart buildings market by services 2016-2021 ($ billions)
      • Table Description of services involved in smart buildings
  • Market segmentation by product
    • Market overview
      • Table Global smart buildings market by product (%)
    • Global smart buildings market by BMS
      • Table Global smart buildings market in BMS 2016-2021 ($ billions)
    • Global smart buildings market by HVAC
      • Table Global smart buildings market in HVAC 2016-2021 ($ billions)
    • Global smart buildings market by lighting control
      • Table Global smart buildings market by lighting control 2016-2021 ($ billions)
    • Global smart buildings market by security and access control
      • Table Global smart buildings market by security and access control system 2016-2021 ($ billions)
    • Global smart buildings market by emergency alarm and evacuation system
      • Table Global smart buildings market by emergency alarm and evacuation system 2016- 2021 ($ billions)
    • Global smart buildings market by audio and visual effects
      • Table Global smart buildings market by audio and visual effects segment 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global smart buildings market by geography 2016-2021 (%)
    • Smart building market in EMEA
      • Table Smart buildings market in EMEA 2016-2021 ($ billions)
    • Smart building market in Americas
      • Table Smart buildings market in Americas 2016-2021 ($ billions)
    • Smart buildings market in APAC
      • Table Smart buildings market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Siemens
      • Table Siemens: Business segments
      • Table Siemens: Products offered
      • Table Siemens: Recent developments
    • Honeywell
      • Table Honeywell: Business segments
      • Table Honeywell: Products offered
      • Table Honeywell: Recent developments
    • Schneider Electric
      • Table Schneider Electric: Business segments
      • Table Schneider Electric: Products offered
      • Table Schneider Electric: Recent developments
    • Johnson Controls
      • Table Johnson Controls: Business segments
      • Table Johnson Controls: Products offered
      • Table Johnson Controls: Recent developments
    • United Technologies
      • Table UTC: Business segments
      • Table United Technologies: Products offered
      • Table United Technologies: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report