Smart Building Market Size, Share & Industry Analysis, By Component (Solution (Building Infrastructure Management (Parking Management System, Smart Water Management System, Elevators & Escalators System), Security and Emergency Management (Access Control System, Video Surveillance System, & Safety System), & Energy Management (HVAC Control System & Lighting Control System)) & Services (System Integration and Deployment)), By Application (Residential & Commercial), Regional Forecast, 2025-2032

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DETAILS

Study Period

2019-2032

Base Year

2024

Estimated Year

2025

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of 21.2% from 2025 to 2032

Unit

Value (USD billion)

Segmentation

By Component

• Solution
  • Parking Management System
  • Smart Water Management System
  • Elevators and Escalators System
  • Access Control System
  • Video Surveillance System
  • Safety System
  • HVAC Control System
  • Lighting Control System
• Building Infrastructure Management
• Security and Emergency Management
• Energy Management
• Services

By Application

• Residential
• Commercial
  • Hotel
  • Healthcare
  • Retail
  • Corporate Offices
  • Others (Apartments, Condos)

By Region

• North America (By Component, By Application, and By Country)
  • U.S. (By Solution)
  • Canada (By Solution)
  • Mexico (By Solution)
• Europe (By Component, By Application, and By Country)
• • U.K. (By Solution)
  • Germany (By Solution)
  • France (By Solution)
  • Italy (By Solution)
  • Spain (By Solution)
  • Russia (By Solution)
  • Benelux (By Solution)
  • Nordics (By Solution)
  • Rest of Europe (By Solution)
• Middle East & Africa (By Component, By Application, and By Country)
• • Turkey (By Solution)
  • Israel (By Solution)
  • GCC (By Solution)
  • North Africa (By Solution)
  • South Africa (By Solution)
  • Rest of the Middle East & Africa (By Solution)
• Asia Pacific (By Component, By Application, and By Country)
• • China (By Solution)
  • India (By Solution)
  • Japan (By Solution)
  • South Korea (By Solution)
  • ASEAN (By Solution)
  • Oceania (By Solution)
  • Rest of Asia Pacific (By Solution)
• South America (By Component, By Application, and By Country)
• • Brazil (By Solution)
  • Argentina (By Solution)
  • Rest of South America (By Solution)