Global Smart Office Market to Reach $90.9 Billion by 2030
The global market for Smart Office estimated at US$36 Billion in the year 2022, is projected to reach a revised size of US$90.9 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030. Smart Lighting/Lighting Controls, one of the segments analyzed in the report, is projected to record 12.5% CAGR and reach US$22.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Security Systems segment is readjusted to a revised 12.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $10.8 Billion, While China is Forecast to Grow at 11.7% CAGR
The Smart Office market in the U.S. is estimated at US$10.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.7 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.8% and 10.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.Select Competitors (Total 21 Featured) -
- ABB Group
- Cisco Systems, Inc.
- Crestron Electronics, Inc.
- Enlighted, Inc.
- Honeywell International, Inc.
- Johnson Controls International PLC
- Lutron Electronics Co., Inc.
- Philips Lighting BV
- Schneider Electric SA
- Siemens AG
- United Technologies Corporation (UTC)
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Cisco Systems, Inc.
- Crestron Electronics, Inc.
- Enlighted, Inc.
- Honeywell International, Inc.
- Johnson Controls International PLC
- Lutron Electronics Co., Inc.
- Philips Lighting BV
- Schneider Electric SA
- Siemens AG
- United Technologies Corporation (UTC)
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 184 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 36 Billion |
Forecasted Market Value ( USD | $ 90.9 Billion |
Compound Annual Growth Rate | 12.3% |
Regions Covered | Global |