The global market for Smart Buildings was estimated at US$99.2 Billion in 2024 and is projected to reach US$197.3 Billion by 2030, growing at a CAGR of 12.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Smart Buildings market. 
Technological advancements have significantly expanded the capabilities of smart buildings. Integration with AI allows for predictive maintenance, where the system anticipates and addresses potential issues before they become critical, thereby avoiding downtime and extending the lifespan of building systems. Smart lighting systems adjust based on natural light availability and occupancy, enhancing energy efficiency. Advanced security systems using facial recognition, biometric access, and real-time surveillance provide enhanced safety for occupants. Furthermore, smart buildings can communicate with power grids to participate in demand response programs, contributing to grid stability and energy savings. These buildings are also increasingly being designed with modular systems, making it easier to upgrade technologies as new innovations emerge, ensuring long-term adaptability and relevance.
The growth in the smart buildings market is driven by several factors, including the rising demand for energy-efficient solutions, advancements in IoT and AI technologies, and increasing urbanization. The push for sustainability and stringent energy regulations have compelled building owners and developers to adopt smart technologies that reduce carbon footprints and comply with environmental standards. Technological advancements, particularly in IoT and AI, have made it feasible to implement complex automation and analytics systems, enhancing the functionality and appeal of smart buildings. Additionally, the rapid pace of urbanization has led to a surge in new construction projects, creating opportunities for integrating smart technologies from the ground up. The growing awareness of the benefits of smart buildings, such as enhanced comfort, safety, and cost savings, further drives their adoption across residential, commercial, and industrial sectors. These factors collectively underscore the significant and sustained growth of the smart buildings market, highlighting its pivotal role in shaping the future of urban living and working environments.
Global Smart Buildings Market - Key Trends & Drivers Summarized
Smart buildings represent the forefront of modern architecture and urban planning, integrating advanced technologies to enhance the efficiency, comfort, and sustainability of built environments. These buildings leverage the Internet of Things (IoT), artificial intelligence (AI), and data analytics to create interconnected systems that manage heating, ventilation, air conditioning (HVAC), lighting, security, and other critical operations autonomously. Sensors and smart meters collect real-time data on energy usage, occupancy, and environmental conditions, which is then analyzed to optimize resource consumption and maintain ideal indoor environments. The aim is to reduce energy consumption, lower operational costs, and provide occupants with a more comfortable and productive living or working space.Technological advancements have significantly expanded the capabilities of smart buildings. Integration with AI allows for predictive maintenance, where the system anticipates and addresses potential issues before they become critical, thereby avoiding downtime and extending the lifespan of building systems. Smart lighting systems adjust based on natural light availability and occupancy, enhancing energy efficiency. Advanced security systems using facial recognition, biometric access, and real-time surveillance provide enhanced safety for occupants. Furthermore, smart buildings can communicate with power grids to participate in demand response programs, contributing to grid stability and energy savings. These buildings are also increasingly being designed with modular systems, making it easier to upgrade technologies as new innovations emerge, ensuring long-term adaptability and relevance.
The growth in the smart buildings market is driven by several factors, including the rising demand for energy-efficient solutions, advancements in IoT and AI technologies, and increasing urbanization. The push for sustainability and stringent energy regulations have compelled building owners and developers to adopt smart technologies that reduce carbon footprints and comply with environmental standards. Technological advancements, particularly in IoT and AI, have made it feasible to implement complex automation and analytics systems, enhancing the functionality and appeal of smart buildings. Additionally, the rapid pace of urbanization has led to a surge in new construction projects, creating opportunities for integrating smart technologies from the ground up. The growing awareness of the benefits of smart buildings, such as enhanced comfort, safety, and cost savings, further drives their adoption across residential, commercial, and industrial sectors. These factors collectively underscore the significant and sustained growth of the smart buildings market, highlighting its pivotal role in shaping the future of urban living and working environments.
SCOPE OF STUDY:
The report analyzes the Smart Buildings market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Component (Solutions, Services); Building Type (Commercial, Industrial, Residential)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Solutions segment, which is expected to reach US$110.0 Billion by 2030 with a CAGR of a 11.3%. The Services segment is also set to grow at 13.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $26.8 Billion in 2024, and China, forecasted to grow at an impressive 13.9% CAGR to reach $28.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Buildings Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Buildings Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Buildings Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as ABB Ltd., Avnet Inc., Cisco Systems Inc., Delta Electronics, Inc., Emerson Electric Co. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 166 companies featured in this Smart Buildings market report include:
- ABB Ltd.
- Avnet Inc.
- Cisco Systems Inc.
- Delta Electronics, Inc.
- Emerson Electric Co.
- GridPoint, Inc.
- Hitachi Ltd.
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Johnson Controls, Inc.
- Legrand SA
- Phoenix Energy Technologies
- Schneider Electric SE
- Siemens AG
- Softdel (A UNIDEL Company)
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 538 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 99.2 Billion |
| Forecasted Market Value ( USD | $ 197.3 Billion |
| Compound Annual Growth Rate | 12.1% |
| Regions Covered | Global |
