Asia Pacific Smart Building Market Size & Outlook
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Asia Pacific smart building market highlights
- The Asia Pacific smart building market generated a revenue of USD 33,100.3 billion in 2024.
- The market is expected to grow at a CAGR of 33.4% from 2025 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2024.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 33,100.3 billion |
| Market revenue in 2030 | USD 170,528.0 billion |
| Growth rate | 33.4% (CAGR from 2025 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD billion |
| 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, Asia Pacific region accounted for 26.2% of the global smart building market in 2024.
- 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 170,528.0 billion by 2030.
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Smart Building Market Scope
Smart Building Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| KMC Controls | View profile | 101-250 | New Paris, Indiana, United States, North America | http://kmccontrols.com |
| Telit | View profile | 1001-5000 | Sgonico, Friuli-Venezia Giulia, Italy, Europe | http://www.telit.com |
| Legrand SA | View profile | 33910 | 128, Avenue de Lattre de Tassigny, Cedex, Limoges, France, 87045 | https://www.legrand.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| Sierra Wireless | View profile | 1001-5000 | Richmond, British Columbia, Canada, North America | http://www.sierrawireless.com |
| LG Electronics Inc ADR | View profile | 35111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | https://www.lge.co.kr |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Asia Pacific 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 95.14% in 2024. Horizon Databook has segmented the Asia Pacific smart building market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is expected to witness remarkable adoption of smart buildings over the forecast period due to increasing internet penetration, high urbanization, and shifting consumer focus toward remote management services through IoT technology. Governments of countries such as India, Singapore, Japan, and China are heavily investing in smart building infrastructure.
Supportive government initiatives for smart cities and rising concerns related to energy consumption among buildings are driving China's smart building market growth. Moreover, industries in the region are focusing on automating their business operations to improve their business operations and reduce overhead costs.
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Target buyers of Asia Pacific smart building market databook
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Our clientele includes a mix of smart building market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 Asia Pacific smart building market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart building market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smart building market size, by country, 2018-2030 (US$M)
Asia Pacific Smart Building Market Outlook Share, 2024 & 2030 (US$B)
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