Australia Smart Building Market Size & Outlook, 2023-2030

The smart building market in Australia is expected to reach a projected revenue of US$ 8,970.0 million by 2030. A compound annual growth rate of 31.6% is expected of Australia smart building market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,310.0
Forecast, 2030 (US$M)
$8,970.0
CAGR, 2024 - 2030
31.6%
Report Coverage
Australia

Australia smart building market highlights

  • The Australia smart building market generated a revenue of USD 1,310.0 million in 2023 and is expected to reach USD 8,970.0 million by 2030.
  • The Australia market is expected to grow at a CAGR of 31.6% from 2024 to 2030.
  • In terms of segment, solution was the largest revenue generating component in 2023.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.


Smart building market data book summary

Market revenue in 2023USD 1,310.0 million
Market revenue in 2030USD 8,970.0 million
Growth rate31.6% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentService
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Service
Key market players worldwideABB Ltd, Cisco Systems Inc, Emerson Electric Co, Hitachi Ltd, Honeywell International Inc, Intel Corp, Johnson Controls International PLC, LG Electronics Inc ADR, Legrand SA, Schneider Electric SE, Siemens AG, Sierra Wireless, Bosch, KMC Controls, Telit


Other key industry trends

  • In terms of revenue, Australia accounted for 1.2% of the global smart building market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China smart building market is projected to lead the regional market in terms of revenue in 2030.
  • Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 15,290.0 million by 2030.

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Smart Building Market Companies

Name Profile # Employees HQ Website

Australia smart building market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart building market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 78.63% in 2023. Horizon Databook has segmented the Australia smart building market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Australia smart building market databook

  • Our clientele includes a mix of smart building market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia smart building market , including forecasts for subscribers. This country databook contains high-level insights into Australia smart building market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Australia smart building market size, by component, 2018-2030 (US$M)

Australia Smart Building Market Outlook Share, 2023 & 2030 (US$M)

Australia smart building market size, by component, 2018-2030 (US$M)

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