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Smart Building Market Share

  • Report ID: GMI5555
  • Published Date: Apr 2023
  • Report Format: PDF
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Smart Building Market Share

Major companies operating in the smart building market include:

  • Microsoft Corporation
  • Intel Corporation
  • ABB Limited
  • Huawei
  • Hitachi Ltd
  •  IBM
  • Johnsons Controls.

The companies operating in the market are focusing on partnerships, acquisitions, and releasing new smart building solutions in the market to gain a competitive edge.
 

These firms are actively working on strengthening their strategic bonds with their competitors and new players to gain a strong foothold in the global market. For instance, In February 2023, Johnson Controls collaborated with Willow, a provider of digital twin solutions, to digitally transform the facilities & buildings into safer & sustainable environments for occupants & customers. The digital twin technology helps in the construction, operation, and design of facilities and buildings, thereby making them efficient & sustainable.
 

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of smart building surpassed USD 85 billion in 2022 and is speculated to grow at over 20% CAGR between 2023 and 2032, due to a growing emphasis on minimizing energy consumption across developed and developing economies.

The smart building industry size from the solution segment is poised to garner USD 300 billion in revenue by 2032, owing to the rising popularity of energy-efficient buildings and smart building solutions.

The market for smart building in North America is projected to be valued at USD 150 billion by 2032, given the proliferation of advanced technologies such as big data, IoT, cloud computing, deep learning, data analytics, and Artificial Intelligence (AI) in the region.

Notable players in the smart building market include Microsoft Corporation, Intel Corporation, ABB Limited, Huawei, Hitachi Ltd., IBM, and Johnsons Controls.

Smart Building Market Scope

  • Smart Building Market Size
  • Smart Building Market Analysis
  • Smart Building Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 19
    • Tables & Figures: 313
    • Countries covered: 20
    • Pages: 164
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