North America Smart Building Market Size & Outlook
North America smart building market, 2018-2030 (US$M)
Related Markets
North America smart building market highlights
- The North America smart building market generated a revenue of USD 38,050.0 million in 2023.
- The market is expected to grow at a CAGR of 24.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 38,050.0 million |
| Market revenue in 2030 | USD 180,020.0 million |
| Growth rate | 24.9% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
| Key market players worldwide | ABB 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, North America region accounted for 35.2% of the global smart building market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 170,140.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Building Market Scope
Smart Building Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 77.56% in 2023. Horizon Databook has segmented the North America smart building market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing public and private investments and growing digitalization are driving the smart building market growth in North America. Internet of Things (IoT) and advancements in digital infrastructure solutions are also contributing to the market growth.
The presence of established market players such as Cisco Systems Inc., Honeywell International Inc., JOHNSON CONTROLS, and IBM Corporation is creating robust market opportunities in the region.
The rising government investments in digital infrastructure to accelerate the country’s transition toward a digital economy are creating a positive outlook for smart buildings in the U.S. The U.S. government is focusing on digitizing commercial buildings to enhance citizens’ experiences and establish transparency in services.
Reasons to subscribe to North America smart building market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America 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.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America smart building market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart building market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America smart building market size, by country, 2018-2030 (US$M)
North America Smart Building Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
