Global Smart Buildings Market to Reach US$111.5 Billion by the Year 2026

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New York, Jan. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Smart Buildings Industry” – https://www.reportlinker.com/p06219542/?utm_source=GNW
Smart buildings are emerging into the spotlight for their ability to achieving net zero carbon reduction targets, increase energy efficiency, and save energy. By using technologies like AI, IoT, big data, blockchain to connect buildings, transport and infrastructure, smart buildings can create a new ecosystem that can utilize more renewable energy, minimize energy waste, and slash carbon emissions. The need to switch over to smart buildings has arisen owing to the numerous benefits and ability to overcome challenges faced by the world. They help improve occupant productiveness with lighting, air quality, thermal comfort, physical security and sanitation among others and above all minimize overheads and environmental impact when compared to non-connected buildings. They are expected to play big role in addressing climate change targets. Smart hospitals, healthcare facilities, office buildings, educational institutions, gyms and stadiums are all examples of smart buildings whose numbers are increasing across the world. Smart buildings use their intelligence for collecting data that is actionable from on-premise sensors, user devices, services and systems. The application of that data through machine learning and artificial intelligence (ML/AI) makes such buildings programmable and duly responsive to their users` needs as also that of their managers. The network intelligence also helps in securing the network.

Amid the COVID-19 crisis, the global market for Smart Buildings estimated at US$63 Billion in the year 2020, is projected to reach a revised size of US$111.5 Billion by 2026, growing at a CAGR of 10.2% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to grow at a 9.4% CAGR to reach US$69.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 11.4% CAGR for the next 7-year period. This segment currently accounts for a 40.8% share of the global Smart Buildings market. The idea of smart buildings is garnering considerable attention in the wake on COVID-19 pandemic that has redirected the focus and accelerated endeavors towards energy efficiency, health & wellbeing, connectivity and sustainability. The scenario is witnessing increasing requirement for preventative maintenance, remote monitoring and highly usable spaces.

The U.S. Market is Estimated at $20.5 Billion in 2021, While China is Forecast to Reach $17 Billion by 2026

The Smart Buildings market in the U.S. is estimated at US$20.5 Billion in the year 2021. The country currently accounts for a 30.33% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$17 Billion in the year 2026 trailing a CAGR of 12.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 9.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR while Rest of European market (as defined in the study) will reach US$8.6 Billion by the end of the analysis period.

Select Competitors (Total 201 Featured)

  • ABB Group
  • BuildingIQ, Inc.
  • Cisco Systems, Inc.
  • Delta Controls Inc.
  • Ecova, Inc.
  • GridPoint, Inc.
  • Honeywell International, Inc.
  • IBM Corporation
  • Johnson Controls International PLC
  • Legrand North America LLC
  • Schneider Electric SA
  • Siemens AG
  • United Technologies Corporation (UTC)
  • Verdigris Technologies, Inc.

Read the full report: https://www.reportlinker.com/p06219542/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Sustainability Remains at the Core of the Emergence & Evolution
of Smart Buildings
The World Reaches Tipping Points in the Climate System
EXHIBIT 1: As Time Runs Out, the March Towards Sustainability
Must Get Firmer, Faster & Stronger: Global CO2 Emissions in
Billion Metric Tons of CO2 Per Year
Here?s How Buildings Contribute Towards Climate Change
EXHIBIT 2: Carbon Footprint Forecasts for Buildings (In Billion
Metric Tons) for Years 2020, 2025, 2030, 2035, 2040, 2045 &
2050
Sustainability Becomes More Important than Ever. Here?s Why
EXHIBIT 3: As Global Temperatures Rise to Worrisome Levels
Sustainable Investments Will Emerge Into an Unstoppable Force
in the Coming Decade: Global Investments in Sustainability:
(In US$ Billion) for Years 2015, 2018, 2020 and 2022
The Never-Ending ?Race? Between the Virus & Vaccines Continues.
Amidst this Chaotic Battle, Where is the World Economy Heading
Now & Beyond?
Omicron Variant Brings Back Memories & Fears of the Worst Part
of the 2020 Pandemic
EXHIBIT 4: Time is of Essence! What We Know So Far – ?Vaccine
Efficiency Against New Strains is Decreasing?
With New Strains Emerging at an Alarming Rate, Focus Shifts to
Booster Doses & Vaccine Tweaking. But How Practical Is It to
Implement Them?
EXHIBIT 5: With Vaccinated Population Showing Signs of
Declining Clinical Protection, Booster Doses Are Emerging Into
a Necessity to Restore Vaccine Effectiveness, but this
Strategy is Not Within Reach for Most Countries: Number of
Booster Doses Administered Per 100 People by Country as of
December 2021
At the Dawn of 2022, We Leave Behind Millions of Deaths Due to
New Strains & Once Again Stare at an Impending Catastrophe
EXHIBIT 6: How & When Will the World Be Vaccinated? Global
Number of Annual COVID-19 Vaccine Doses (In Million) for Years
2020 through 2025 by Geographic Region/Country
Split Scenarios Unfold: The Great Vaccine Divide Emerges
EXHIBIT 7: Vaccine Imbalances to Stretch the Pandemic Further
into 2022: Global Percentage (%) of Population Administered
With Vaccines by Region as of November 2021
Amid this Prolonged Pandemic, Why Should Businesses Care About
Progress on Vaccinations?
With IMF Making an Upward Revision of Global GDP for 2021,
Companies Are Bullish About an Economic Comeback Despite a
Continuing Pandemic
EXHIBIT 8: A Strong Yet Exceedingly Patchy & Uncertain Recovery
Shaped by New Variants Comes Into Play: World Economic Growth
Projections (Real GDP, Annual % Change) for 2020 through 2022
EXHIBIT 9: Easing Unemployment Levels in 2021 & 2022 Although
Moderate Will Infuse Hope for Industries Reliant on Consumer
Discretionary Incomes: Global Number of Unemployed People (In
Million) for Years 2019, 2020, 2021, and 2022
Smart Buildings: Overview & Benefits
Recent Market Activity
Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Focus on Net Zero Energy Buildings (NZEB) Awakens Interest in
Smart Building Technologies
EXHIBIT 10: Rising Popularity of Net Zero Buildings Brings Into
the Spotlight the Concept of Smart Buildings & Enabling
Technologies: Global Opportunity for Net-Zero Energy
Buildings (NZEBs) (In US$ Million) for Years 2021, 2023,
2025 and 2027
BiPV Rises in Prominence Amid the Growing Clamor for Smart
Buildings
Roofing: The Focus Area for BIPV
Building Energy Management System (BeMS) Emerges to be Crucial
to the Net Zero Energy Goal in Smart Buildings
The Pandemic?s Push to Renovate & Build Smarter Buildings Bodes
Well for Market Growth
With Connectivity Being the Most Critical Element of Smart
Buildings, In-Building Wireless (IBW) Emerges Into the
Spotlight
A Review of the Growing Role of PoE in Smart Buildings
Special Focus on PoE Lighting
AI to Revolutionize Smart Buildings in Ways Hitherto Unimagined
Smart Building Analytics Rises in Prominence
5G to Accelerate Smart Building Adoption
EXHIBIT 11: The Future of 5G is Unquestioned: 5G Contribution
to GDP in Select Countries by 2030 (In US$ Billion)
IoT-powered Building Management System, A Gamechanger for Smart
Buildings
Predictive Maintenance Crucial to Curtailing Smart Building
Maintenance Costs
Sharp Increase in Cyberattacks Brings to Fore the Importance of
Adopting Cybersecurity Measures to Secure Smart Buildings

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Smart Buildings by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 2: World 7-Year Perspective for Smart Buildings by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2021 & 2027

Table 3: World Current & Future Analysis for Solutions by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 4: World 7-Year Perspective for Solutions by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 5: World Current & Future Analysis for Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 6: World 7-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 7: World Current & Future Analysis for Commercial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 8: World 7-Year Perspective for Commercial by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 9: World Current & Future Analysis for Industrial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 10: World 7-Year Perspective for Industrial by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 11: World Current & Future Analysis for Residential by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 12: World 7-Year Perspective for Residential by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 13: USA Current & Future Analysis for Smart Buildings by
Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 14: USA 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 15: USA Current & Future Analysis for Smart Buildings by
Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 16: USA 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

CANADA
Table 17: Canada Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 18: Canada 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 19: Canada Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 20: Canada 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

JAPAN
Table 21: Japan Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 22: Japan 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 23: Japan Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 24: Japan 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

CHINA
Table 25: China Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 26: China 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 27: China Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 28: China 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

EUROPE
Table 29: Europe Current & Future Analysis for Smart Buildings
by Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 30: Europe 7-Year Perspective for Smart Buildings by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2021 & 2027

Table 31: Europe Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 32: Europe 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 33: Europe Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 34: Europe 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

FRANCE
Table 35: France Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 36: France 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 37: France Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 38: France 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

GERMANY
Table 39: Germany Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 40: Germany 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 41: Germany Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 42: Germany 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

ITALY
Table 43: Italy Current & Future Analysis for Smart Buildings
by Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 44: Italy 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 45: Italy Current & Future Analysis for Smart Buildings
by Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 46: Italy 7-Year Perspective for Smart Buildings by
Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

UNITED KINGDOM
Table 47: UK Current & Future Analysis for Smart Buildings by
Component – Solutions and Services – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 48: UK 7-Year Perspective for Smart Buildings by
Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 49: UK Current & Future Analysis for Smart Buildings by
Building Type – Commercial, Industrial and Residential –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 50: UK 7-Year Perspective for Smart Buildings by Building
Type – Percentage Breakdown of Value Revenues for Commercial,
Industrial and Residential for the Years 2021 & 2027

REST OF EUROPE
Table 51: Rest of Europe Current & Future Analysis for Smart
Buildings by Component – Solutions and Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 52: Rest of Europe 7-Year Perspective for Smart Buildings
by Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 53: Rest of Europe Current & Future Analysis for Smart
Buildings by Building Type – Commercial, Industrial and
Residential – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 54: Rest of Europe 7-Year Perspective for Smart Buildings
by Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

ASIA-PACIFIC
Table 55: Asia-Pacific Current & Future Analysis for Smart
Buildings by Component – Solutions and Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 56: Asia-Pacific 7-Year Perspective for Smart Buildings
by Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 57: Asia-Pacific Current & Future Analysis for Smart
Buildings by Building Type – Commercial, Industrial and
Residential – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 58: Asia-Pacific 7-Year Perspective for Smart Buildings
by Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

REST OF WORLD
Table 59: Rest of World Current & Future Analysis for Smart
Buildings by Component – Solutions and Services – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 60: Rest of World 7-Year Perspective for Smart Buildings
by Component – Percentage Breakdown of Value Revenues for
Solutions and Services for the Years 2021 & 2027

Table 61: Rest of World Current & Future Analysis for Smart
Buildings by Building Type – Commercial, Industrial and
Residential – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 62: Rest of World 7-Year Perspective for Smart Buildings
by Building Type – Percentage Breakdown of Value Revenues for
Commercial, Industrial and Residential for the Years 2021 &
2027

IV. COMPETITION
Total Companies Profiled: 201
Read the full report: https://www.reportlinker.com/p06219542/?utm_source=GNW

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