Global Smart Building Market Growth (Status and Outlook) 2019-2024

A Smart Building is: Also referred to as an Intelligent Building. Smart buildings improve the productivity of people and processes by leveraging technology & actionable information to help you & your building make better decisions and become smart, efficient and sustainable.An integrated Smart Building with various sub-systems including: Intelligent Integrated System (IIS), Information Technology System Infrastructure (ITSI), Information Technology Applying System (ITAS), Building facilities Management System (BMS), Public Security System (PSS) and Engineering of Electronic Equipment Plant (EEEP). The integrated system integrates the isolated devices, functionalities and information of BMS, PSS, ITAS into a correlated and harmonized system via ITSI, with stability, combinability and extendibility by ensuring to the combined management and correlations of the system’s devices.
The market for smart building is fragmented with players such as Honeywell, Johnson Controls, Siemens, UTC, Schneider, Ingersoll Rand(Trane), Azbil, General Electric, Eaton, Legrand, and so on. Among them, Honeywell is the global leading supplier.
On the basis of type, the smart building market is segmented into software information system, building management system, engineering of electronic equipment plant, and installation & service.
Based on regions, the global smart building market is segmented into USA, Europe, China, Japan, and the Rest of the World (ROW). USA is expected to account for the largest share and China is growing fastest of the market during the forecast period.

According to this study, over the next five years the Smart Building market will register a 18.1% CAGR in terms of revenue, the global market size will reach US$ 133600 million by 2024, from US$ 58100 million in 2019. In particular, this report presents the global revenue market share of key companies in Smart Building business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Smart Building market by product type, application, key companies and key regions.

This study considers the Smart Building value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Software Information System
Building Management System
Installation & Service
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Commercial Buildings
Residential Buildings
Government Buildings

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Honeywell
Johnson Controls
Siemens
UTC
Schneider
Ingersoll Rand(Trane)
Azbil
General Electric
Eaton
Legrand

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Smart Building market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Smart Building market by identifying its various subsegments.
Focuses on the key global Smart Building players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Building with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Smart Building submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.