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May 26, 2020, 7:33 a.m. EDT

Smart Building Market 2020 Is Booming Worldwide | Top Key Players : ABB Ltd., Honeywell International Inc., Siemens AG, Schneider Electric SE

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May 26, 2020 (Market Insight Reports) -- Global Smart Building Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Global Smart Building including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles, and strategies. The report also presents forecasts for Global Smart Building investments from 2020 till 2025.

The Global Smart Building market is highly competitive and consists of a number of major players. Companies, like ABB Ltd., Honeywell International Inc., Siemens AG, Schneider Electric SE, United Technologies Corporation, IBM Corporation, Cisco Systems Inc., Johnson Controls Inc., Legrand SA, BuildingIQ Inc., Hitachi, Ltd among others.

– August 2019 – Honeywell International, Inc . a global vendor in smart building technology and services, introduced the next generation of Enterprise Building Integration (EBI), Command and Control Suite (CCS), and Digital Video Manager (DVM), a suite of solutions enabled by the Honeywell Forge for Buildings platform. These solutions drive facility efficiency, streamline complex functions, and deliver savings across an enterprise.

– July 2018 – Schneider Electric SE announced the next generation of EcoStruxure Building, the open innovation platform for buildings. EcoStruxure Building’s open, end-to-end IP architecture enables quick connectivity of IoT devices for faster commissioning and changes and delivers for edge control and collaboration between building systems and third-party systems and devices.

Click the link to get a Sample Copy of the Report:


A smart building is a building that automates its processes to control its infrastructure, lighting, security systems, heating, ventilation, air conditioning systems, and more. A smart building uses technology to make buildings more efficient, sustainable, safer, and reduce costs. The smart building solutions are part of the growing IoT and connected sensor ecosystem.

Key Market Trends:

Growing Adoption in Commercial Application Boosting the Market’s Growth

– The commercial segment comprises of office spaces, hotels, malls, hospitals, shopping complexes, and restaurants, among others. Today, commercial buildings are getting smarter. They include a growing variety of technologies that are part of the IoT phenomena. Across the globe, new buildings are being constructed with both wireless and wired IoT infrastructure that enables innovation.
– According to the United States Energy Information Administration, commercial buildings account for nearly 20% of United Stets energy consumption and 12% of greenhouse gas emissions in the country. By reducing waste and conserving energy, smart buildings create benefits for the global community at large.
– Additionally, According to the U.S. Department of Energy (DOE), HVAC, and lighting alone consume about 50% of energy use in the average commercial building. By incorporating smart building automation systems, lighting, and HVAC solutions can decrease energy costs between 30% and 50%. These solutions use predictive analytics and real-time data processing to make proactive decisions to enhance airflow, thermal comfort, and lighting while reducing the energy bill.
– Many commercial buildings have adopted smart building technologies. For instance, The Mirage in Las Vegas uses smart building technology to lower their energy costs through load-shedding. The Edge, a commercial office building in the Netherlands, boasts a smart LED lighting system, which has over 30,000 sensors connected to the building management system through the IoT. The Edge uses about 70% less electricity than an average commercial office building.
– Furthermore, According to a Dell and Intel study, 44% of office workers worldwide do not think their offices are smart enough. Smart workplace technology, which can include networked platforms, software, sensors, and IoT technology, can be used to enhance workplace security, comfort, productivity, energy efficiency, and much more.

Browse the Full report description and TOC at:


  • The report provides key statistics on the market status of the Smart Building market manufacturers and is a valuable source of guidance and direction.

  • The report provides a basic overview of the industry including its definition, applications, and manufacturing technology.

  • The Smart Building market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.

  • The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

  • The report estimates the 2020-2025 market development trends of Smart Building Market.

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