Smart Building Market Scope And Analysis

Report Code : TIPRE00003174
Category : Electronics and Semiconductor

No. of Pages : 150

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Smart Building Market Scope and Analysis by 2031

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Smart Building Market Report Scope

Report Attribute	Details
Market size in 2024	US$ 97.51 Billion
Market Size by 2031	US$ 239.55 Billion
Global CAGR (2025 - 2031)	13.7%
Historical Data	2021-2023
Forecast period	2025-2031
Segments Covered	By Component Solution Services By End-users Residential Commercial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Cisco IBM Honeywell HBT Siemens Johnson Controls Huawei Technologies Co Ltd Intel Corporation PTC ABB Hitachi Ltd

Smart Building Market News and Recent Developments

The smart building market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Smart Building market are listed below:

Siemens, a global leader in infrastructure, mobility, and industry technology, partnered with PRODEA Investments, Greece's leading real estate investment firm and one of the largest in Southeast Europe, to implement Building X, a Siemens digital building platform. The collaboration aims to expedite PRODEA Investments' digital transformation, reduce the carbon footprint of existing and under-construction building assets across its Greek real estate portfolio, and provide additional value services to renters. (Source: Siemens, Newsletter, 2023)
Based on the Joint Venture Agreement signed on January 23, 2023, Obayashi Corporation and Hitachi Solutions, Ltd. created Oprizon, Ltd. ("Oprizon"), a joint venture delivering smart building-related services. Horizon began operations on April 1, 2023, intending to be the top smart building services provider. (Source: Hitachi Solutions, Ltd., Newsletter, 2023)

Smart Building Market Report Coverage and Deliverables

The “Smart Building Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Smart building market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Smart building market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Smart building market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the smart building market
Detailed company profiles