The Business Research Company’s report on the Connected Building Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the connected building market further?
The increasing demand for energy-efficient systems is expected to propel the growth of the connected building market going forward. Energy efficiency refers to the ability of a system, device, or process to use less energy to perform the same function or achieve optimal output while minimizing waste. The rising demand for energy-efficient systems is due to the need to reduce energy consumption and minimize environmental impact. As energy prices continue to rise, businesses and homeowners seek ways to cut costs by adopting energy-efficient solutions such as smart HVAC systems and automated building controls. Connected buildings use IoT-enabled devices, sensors, and automation systems to monitor and control lighting and other energy-consuming operations in real-time. These technologies help reduce energy waste, lower utility costs, and enhance sustainability, making them attractive to businesses and homeowners. For instance, in October 2022, according to a report published by Energy UK, a UK-based trade association representing the UK’s energy industry, the volume of energy efficiency projects needs to increase from 150,000 installs per year in 2021 to 500,000 in 2025 and one million per year by 2030. Therefore, the increasing demand for energy-efficient systems is driving the growth of the connected building market.
Access Your Free Sample of the Global Connected Building Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=21924&type=smp
What are the key factors influencing the forecasted market size of the connected building industry?
The connected building market size has grown rapidly in recent years. It will grow from $79.63 billion in 2024 to $88.27 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing energy efficiency regulations, rising demand for smart cities, increasing cybersecurity measures for smart infrastructure, increasing need for enhanced occupant comfort, and increasing remote monitoring and management solutions.
The connected building market size is expected to see rapid growth in the next few years. It will grow to $131.67 billion in 2029 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to growing demand for energy efficiency, increasing government regulations and sustainability initiatives, increasing urbanization and smart city projects, expansion of 5G and edge computing, and increasing demand for enhanced security and access control. Major trends in the forecast period include adoption of IoT and AI integration, development of smart HVAC and lighting solutions, adoption of blockchain for secure data management, integration of digital twins for real-time monitoring, and adoption of blockchain for secure data management.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=21924&type=smp
Who are the leading competitors in the connected building market?
Major companies operating in the connected building market are Microsoft Corporation, Amazon Web Services (AWS), Huawei Technologies Co Ltd, Hitachi Ltd, Siemens AG, Intel Corporation, IBM Corporation, Cisco Systems Inc, Schneider Electric, Honeywell International Inc, Mitsubishi Electric, ABB Ltd, Johnson Controls, Eaton Corporation, Delta Electronics Inc, Legrand, Rockwell Automation, Advantech Co Ltd, Bosch Building Technologies, Lutron Electronics
Which emerging trends are set to transform the connected building market landscape?
Major companies operating in the connected building market are focusing on developing innovative products, such as sustainable building, to enhance efficiency, reduce environmental impact, and promote sustainable urban forestry practices. Sustainable building refers to developing and implementing eco-friendly technologies, materials, and practices that improve buildings’ energy efficiency, environmental performance, and resilience. For instance, in June 2024, Schneider Electric, a France-based automation company, launched a SMART buildings division to drive sustainable building innovation. This new division is designed to accelerate the adoption of intelligent, energy-efficient, and digitally connected building solutions. This initiative aligns with Canada’s sustainability goals and the increasing demand for smart, net-zero buildings, reinforcing Schneider Electric’s commitment to driving the future of energy-efficient and digitally advanced infrastructure.
How do different geographies compare in terms of market share and growth potential in the connected building market?
North America was the largest region in the connected building market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/connected-building-global-market-report
Which major segments of the connected building market are experiencing the fastest growth?
The connected building market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Technology Platform: Internet Of Things (IoT), Mobile Applications, Artificial Intelligence And Machine Learning, Big Data Analytics, Edge Computing Technologies
2) By Deployment Type: On-Premises Solutions, Cloud-Based Solutions, Hybrid Solutions
4) By End-User: Manufacturing, IT And Telecom, Banking, Financial Services, And Insurance (BFSI), Healthcare, Residential, Other End-Users
Subsegments:
1) By Solutions: Energy Management Solutions, Lighting Control Systems, HVAC Management Solutions, Security And Access Control Systems, Building Automation Platforms, Data Analytics And IoT Solutions, Smart Metering Solutions, Fire And Life Safety Solutions, Network Management Solutions
2) By Services: Consulting Services, Deployment And Integration Services, Managed Services, Support And Maintenance Services, Training And Education Services, Professional Services, Cloud-Based Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21924
How is the connected building market defined?
Connected building is a smart infrastructure integrating smart technologies to enhance efficiency, security, and sustainability. It enables real-time monitoring, remote control, and predictive maintenance, improving operational efficiency and sustainability. They are commonly used in commercial, residential, and industrial settings to create smarter, more responsive environments.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
