The Asia Pacific Smart Buildings Market would witness market growth of 11.4% CAGR during the forecast period (2021-2027).
Suppliers of smart buildings must consider integrating "use cases" into a single solution. Air quality monitoring can be easily connected into the hardware of connected HVAC, connected lighting, or connected security system vendors, enabling them to address multiple use scenarios with single solution. The current regional and national benefits and laws should be kept in mind by building owners and facilities managers. These are crucial to the financial success of Smart Building projects.
There is a significant unmet need for standardized security solutions. Collaboration of internet of things solutions that combine diverse building systems is projected to gain traction in the smart buildings market in the coming years.
BIM (Building Information Modeling) is a smart 3D model-based process for documenting and displaying a facility's physical and functional characteristics. It was originally used by engineers, architects, and construction professionals, but it has recently gained popularity in the facilities management field. ABB, situated in Switzerland, offers BIM tools that adhere to industry standards and collect information from other ABB devices as part of their extensive product line. This instance of smart building technology would be crucial in future for greater space utilization and building efficiency. BIM techniques would also most likely be used to maintain an ABB smart building.
The Energy Conservation Building Code (ECBC), developed by the Indian government, establishes minimum energy efficiency standards for structures, including the building envelope, ventilation, heating, and air conditioning. As a consequence, the increased use of smart lighting systems may assist the country in conserving energy. Green HVAC technologies are designed to reduce costs and increase energy efficiency. For example, Ice Energy, a well-known energy storage firm based in Glendale, California, recently released the Ice Bear, an ice-powered air-conditioning machine that can chill buildings and, in most situations, lower overall net energy usage.
The China market dominated the Asia Pacific Smart Buildings Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $10,923.3 million by 2027. The Japan market is estimated to grow at a CAGR of 10.7% during (2021 - 2027). Additionally, The India market would witness a CAGR of 12% during (2021 - 2027).
Based on Building Type, the market is segmented into Residential, Industrial, Commercial. Based on Component, the market is segmented into Solution and Services. Based on Solution, the market is segmented into Safety & Security Management, Building Infrastructure Management, Energy Management, Network Management, and Integrated Workplace Management System. Based on Safety & Security Management Type, the market is segmented into Access Control System, Video Surveillance System, and Fire & Life Safety System. Based on Building Infrastructure Management Type, the market is segmented into Parking Management System, Smart Water Management System, and Elevator & Escalator Management System. Based on Energy Management Type, the market is segmented into HVAC Control System, and Lighting Management System. Based on Services Type, the market is segmented into Implementation, Consulting, and Support & Maintenance. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Buildings Market is Projected to reach USD 131.5 Billion by 2027, at a CAGR of 10.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Honeywell International, Inc., ABB Group, Siemens AG, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Intel Corporation, Hitachi, Ltd., Johnson Controls International PLC, and PTC, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Buildings Type
- Residential
- Industrial
- Commercial
By Component
- Solution
- Safety & Security Management
- Access Control System
- Video Surveillance System
- Fire & Life Safety System
- Building Infrastructure Management
- Parking Management System
- Smart Water Management System
- Elevator & Escalator Management System
- Energy Management
- HVAC Control System
- Lighting Management System
- Network Management
- Integrated Workplace Management System
- Services
- Implementation
- Consulting
- Support & Maintenance
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- IBM Corporation
- Honeywell International, Inc.
- ABB Group
- Siemens AG
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Intel Corporation
- Hitachi, Ltd.
- Johnson Controls International PLC
- PTC, Inc.
TABLE 1 Asia Pacific Smart Buildings Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Smart Buildings Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Buildings Market
TABLE 4 Product Launches And Product Expansions– Smart Buildings Market
TABLE 5 Acquisition and Mergers– Smart Buildings Market
TABLE 6 Asia Pacific Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 7 Asia Pacific Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 8 Asia Pacific Residential Market by Country, 2017 - 2020, USD Million
TABLE 9 Asia Pacific Residential Market by Country, 2021 - 2027, USD Million
TABLE 10 Asia Pacific Industrial Market by Country, 2017 - 2020, USD Million
TABLE 11 Asia Pacific Industrial Market by Country, 2021 - 2027, USD Million
TABLE 12 Asia Pacific Commercial Market by Country, 2017 - 2020, USD Million
TABLE 13 Asia Pacific Commercial Market by Country, 2021 - 2027, USD Million
TABLE 14 Asia Pacific Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 15 Asia Pacific Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 16 Asia Pacific Solution Market by Country, 2017 - 2020, USD Million
TABLE 17 Asia Pacific Solution Market by Country, 2021 - 2027, USD Million
TABLE 18 Asia Pacific Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 19 Asia Pacific Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 20 Asia Pacific Safety & Security Management Market by Country, 2017 - 2020, USD Million
TABLE 21 Asia Pacific Safety & Security Management Market by Country, 2021 - 2027, USD Million
TABLE 22 Asia Pacific Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 23 Asia Pacific Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 24 Asia Pacific Access Control System Market by Country, 2017 - 2020, USD Million
TABLE 25 Asia Pacific Access Control System Market by Country, 2021 - 2027, USD Million
TABLE 26 Asia Pacific Video Surveillance System Market by Country, 2017 - 2020, USD Million
TABLE 27 Asia Pacific Video Surveillance System Market by Country, 2021 - 2027, USD Million
TABLE 28 Asia Pacific Fire & Life Safety System Market by Country, 2017 - 2020, USD Million
TABLE 29 Asia Pacific Fire & Life Safety System Market by Country, 2021 - 2027, USD Million
TABLE 30 Asia Pacific Building Infrastructure Management Market by Country, 2017 - 2020, USD Million
TABLE 31 Asia Pacific Building Infrastructure Management Market by Country, 2021 - 2027, USD Million
TABLE 32 Asia Pacific Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 33 Asia Pacific Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 34 Asia Pacific Parking Management System Market by Country, 2017 - 2020, USD Million
TABLE 35 Asia Pacific Parking Management System Market by Country, 2021 - 2027, USD Million
TABLE 36 Asia Pacific Smart Water Management System Market by Country, 2017 - 2020, USD Million
TABLE 37 Asia Pacific Smart Water Management System Market by Country, 2021 - 2027, USD Million
TABLE 38 Asia Pacific Elevator & Escalator Management System Market by Country, 2017 - 2020, USD Million
TABLE 39 Asia Pacific Elevator & Escalator Management System Market by Country, 2021 - 2027, USD Million
TABLE 40 Asia Pacific Energy Management Market by Country, 2017 - 2020, USD Million
TABLE 41 Asia Pacific Energy Management Market by Country, 2021 - 2027, USD Million
TABLE 42 Asia Pacific Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 43 Asia Pacific Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 44 Asia Pacific HVAC Control System Market by Country, 2017 - 2020, USD Million
TABLE 45 Asia Pacific HVAC Control System Market by Country, 2021 - 2027, USD Million
TABLE 46 Asia Pacific Lighting Management System Market by Country, 2017 - 2020, USD Million
TABLE 47 Asia Pacific Lighting Management System Market by Country, 2021 - 2027, USD Million
TABLE 48 Asia Pacific Network Management Market by Country, 2017 - 2020, USD Million
TABLE 49 Asia Pacific Network Management Market by Country, 2021 - 2027, USD Million
TABLE 50 Asia Pacific Integrated Workplace Management System Market by Country, 2017 - 2020, USD Million
TABLE 51 Asia Pacific Integrated Workplace Management System Market by Country, 2021 - 2027, USD Million
TABLE 52 Asia Pacific Services Market by Country, 2017 - 2020, USD Million
TABLE 53 Asia Pacific Services Market by Country, 2021 - 2027, USD Million
TABLE 54 Asia Pacific Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 55 Asia Pacific Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 56 Asia Pacific Implementation Market by Country, 2017 - 2020, USD Million
TABLE 57 Asia Pacific Implementation Market by Country, 2021 - 2027, USD Million
TABLE 58 Asia Pacific Consulting Market by Country, 2017 - 2020, USD Million
TABLE 59 Asia Pacific Consulting Market by Country, 2021 - 2027, USD Million
TABLE 60 Asia Pacific Support & Maintenance Market by Country, 2017 - 2020, USD Million
TABLE 61 Asia Pacific Support & Maintenance Market by Country, 2021 - 2027, USD Million
TABLE 62 Asia Pacific Smart Buildings Market by Country, 2017 - 2020, USD Million
TABLE 63 Asia Pacific Smart Buildings Market by Country, 2021 - 2027, USD Million
TABLE 64 China Smart Buildings Market, 2017 - 2020, USD Million
TABLE 65 China Smart Buildings Market, 2021 - 2027, USD Million
TABLE 66 China Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 67 China Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 68 China Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 69 China Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 70 China Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 71 China Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 72 China Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 73 China Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 74 China Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 75 China Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 76 China Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 77 China Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 78 China Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 79 China Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 80 Japan Smart Buildings Market, 2017 - 2020, USD Million
TABLE 81 Japan Smart Buildings Market, 2021 - 2027, USD Million
TABLE 82 Japan Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 83 Japan Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 84 Japan Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 85 Japan Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 86 Japan Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 87 Japan Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 88 Japan Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 89 Japan Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 90 Japan Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 91 Japan Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 92 Japan Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 93 Japan Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 94 Japan Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 95 Japan Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 96 India Smart Buildings Market, 2017 - 2020, USD Million
TABLE 97 India Smart Buildings Market, 2021 - 2027, USD Million
TABLE 98 India Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 99 India Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 100 India Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 101 India Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 102 India Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 103 India Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 104 India Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 105 India Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 106 India Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 107 India Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 108 India Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 109 India Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 110 India Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 111 India Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 112 South Korea Smart Buildings Market, 2017 - 2020, USD Million
TABLE 113 South Korea Smart Buildings Market, 2021 - 2027, USD Million
TABLE 114 South Korea Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 115 South Korea Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 116 South Korea Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 117 South Korea Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 118 South Korea Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 119 South Korea Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 120 South Korea Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 121 South Korea Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 122 South Korea Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 123 South Korea Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 124 South Korea Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 125 South Korea Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 126 South Korea Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 127 South Korea Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 128 Singapore Smart Buildings Market, 2017 - 2020, USD Million
TABLE 129 Singapore Smart Buildings Market, 2021 - 2027, USD Million
TABLE 130 Singapore Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 131 Singapore Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 132 Singapore Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 133 Singapore Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 134 Singapore Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 135 Singapore Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 136 Singapore Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 137 Singapore Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 138 Singapore Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 139 Singapore Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 140 Singapore Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 141 Singapore Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 142 Singapore Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 143 Singapore Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 144 Malaysia Smart Buildings Market, 2017 - 2020, USD Million
TABLE 145 Malaysia Smart Buildings Market, 2021 - 2027, USD Million
TABLE 146 Malaysia Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 147 Malaysia Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 148 Malaysia Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 149 Malaysia Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 150 Malaysia Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 151 Malaysia Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 152 Malaysia Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 153 Malaysia Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 154 Malaysia Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 155 Malaysia Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 156 Malaysia Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 157 Malaysia Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 158 Malaysia Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 159 Malaysia Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 160 Rest of Asia Pacific Smart Buildings Market, 2017 - 2020, USD Million
TABLE 161 Rest of Asia Pacific Smart Buildings Market, 2021 - 2027, USD Million
TABLE 162 Rest of Asia Pacific Smart Buildings Market by Buildings Type, 2017 - 2020, USD Million
TABLE 163 Rest of Asia Pacific Smart Buildings Market by Buildings Type, 2021 - 2027, USD Million
TABLE 164 Rest of Asia Pacific Smart Buildings Market by Component, 2017 - 2020, USD Million
TABLE 165 Rest of Asia Pacific Smart Buildings Market by Component, 2021 - 2027, USD Million
TABLE 166 Rest of Asia Pacific Smart Buildings Market by Solution Type, 2017 - 2020, USD Million
TABLE 167 Rest of Asia Pacific Smart Buildings Market by Solution Type, 2021 - 2027, USD Million
TABLE 168 Rest of Asia Pacific Smart Buildings Market by Safety & Security Management Type, 2017 - 2020, USD Million
TABLE 169 Rest of Asia Pacific Smart Buildings Market by Safety & Security Management Type, 2021 - 2027, USD Million
TABLE 170 Rest of Asia Pacific Smart Buildings Market by Building Infrastructure Management Type, 2017 - 2020, USD Million
TABLE 171 Rest of Asia Pacific Smart Buildings Market by Building Infrastructure Management Type, 2021 - 2027, USD Million
TABLE 172 Rest of Asia Pacific Smart Buildings Market by Energy Management Type, 2017 - 2020, USD Million
TABLE 173 Rest of Asia Pacific Smart Buildings Market by Energy Management Type, 2021 - 2027, USD Million
TABLE 174 Rest of Asia Pacific Smart Buildings Market by Services Type, 2017 - 2020, USD Million
TABLE 175 Rest of Asia Pacific Smart Buildings Market by Services Type, 2021 - 2027, USD Million
TABLE 176 Key Information – Cisco Systems, Inc.
TABLE 177 Key information – IBM Corporation
TABLE 178 Key information – Honeywell International, Inc.
TABLE 179 Key Information – ABB Group
TABLE 180 Key Information – Siemens AG
TABLE 181 key information – Huawei Technologies Co., Ltd.
TABLE 182 Key Information – Intel Corporation
TABLE 183 Key Information – Hitachi, Ltd.
TABLE 184 Key Information – Johnson Controls International PLC
TABLE 185 key Information – PTC, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Nov – 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Recent strategies and developments: Honeywell International, Inc.
FIG 7 Swot analysis: Honeywell international, inc.
FIG 8 Recent strategies and developments: ABB Group
FIG 9 Recent strategies and developments: Siemens AG
FIG 10 SWOT analysis: Intel corporation
FIG 11 Recent strategies and developments: Hitachi, Ltd.
FIG 12 Recent strategies and developments: Johnson Controls International PLC