Smart Home and Smart Building Market

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.

Smart Home and Smart Building Market aims to provide a comprehensive presentation of the global market for Smart Home and Smart Building, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Home and Smart Building. Smart Home and Smart Building Market contains market size and forecasts of Smart Home and Smart Building in global, including the following market information:

Global Smart Home and Smart Building Market Revenue, 2019-2024, 2024-2029, ($ millions)

Global top five companies in 2023 (%)

The global Smart Home and Smart Building market was valued at US$ 70720 million in 2023 and is projected to reach US$ 151370 million by 2029, at a CAGR of 11.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The major players inglobal smart building market include Johnson Controls, Honeywell, Schneider, UTC, etc. The top 3 players hold over 20% of global market shares. North America and Europe are main markets, they occupy over 68% of the global market. Building management system (BMS), security and access control, emergency alarm and evacuation system are three main types, with a share about 60% altogher. Commercial buildings is the key application, which hold about 70% shares.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Home and Smart Building companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Smart Home and Smart Building Market, by Type, 2019-2024, 2024-2029 ($ millions)

Global Smart Home and Smart Building Market Segment Percentages, by Type, 2023 (%)

Energy Management Systems

Security & Access Control

Lighting Control

Home Appliances Control

Entertainment Control

Global Smart Home and Smart Building Market, by Application, 2019-2024, 2024-2029 ($ millions)

Global Smart Home and Smart Building Market Segment Percentages, by Application, 2023 (%)

Commercial Buildings

Residential Buildings

Government Buildings

Global Smart Home and Smart Building Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)

Global Smart Home and Smart Building Market Segment Percentages, By Region and Country, 2023 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Smart Home and Smart Building revenues in global market, 2019-2024 (estimated), ($ millions)

Key companies Smart Home and Smart Building revenues share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

Honeywell

ADT

Johnson Controls

Siemens

UTC

Schneider

Ingersoll Rand

Azbil

General Electric

Eaton

Legrand

ABB

Nortek

Crestron

Lutron

Leviton

Comcast

Acuity Brands

Alarm.com

Control4

Sonos

Savant

Outline of Major Chapters:

Chapter 1: Introduces the definition of Smart Home and Smart Building, market overview.

Chapter 2: Global Smart Home and Smart Building market size in revenue.

Chapter 3: Detailed analysis of Smart Home and Smart Building company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Smart Home and Smart Building in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.