Europe Smart Building Market Size & Outlook, 2026-2033
Global Market
Related Markets
Europe smart building market highlights
- The Europe smart building market generated a revenue of USD 38,023.2 million in 2025.
- The market is expected to grow at a CAGR of 17.9% from 2026 to 2033.
- In terms of segment, solution was the largest revenue generating component in 2025.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2026 to 2033.
Europe data book summary
| Market revenue in 2025 | USD 38,023.2 million |
| Market revenue in 2033 | USD 138,727.8 million |
| Growth rate | 17.9% (CAGR from 2026 to 2033) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| 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, Europe region accounted for 26.8% of the global smart building market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 165,376.4 million by 2033.
The smart building market is witnessing significant growth in Europe owing to the rising adoption of Industry 4.0 technologies and the development of emerging technologies such as big data analytics, IoT, AI, and ML. Governments of countries such as Sweden, Norway, Italy, and France are focusing on digitalizing building operations to improve consumer safety and building efficiency.
European Union (EU) is launching new smart cities projects with strong support from European Investment Bank (EIB) in various European countries, supporting the industry growth.
Such investments are expected to propel the demand for safety systems, access control systems, and other smart building solutions.
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Publish Date: Jan 08, 2026
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Smart Building Market Scope
Smart Building Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Ltd | View profile | 322,525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | www.hitachi.com |
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Schneider Electric SE | View profile | 162,339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | www.se.com |
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Emerson Electric Co | View profile | 67,000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | www.emerson.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
Europe 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 Outlook will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 87.58% in 2025.
Horizon Databook has segmented the Europe smart building market based on solution, service covering the revenue growth of each sub-segment from 2021 to 2033.
The smart building market is witnessing significant growth in Europe owing to the rising adoption of Industry 4.0 technologies and the development of emerging technologies such as big data analytics, IoT, AI, and ML. Governments of countries such as Sweden, Norway, Italy, and France are focusing on digitalizing building operations to improve consumer safety and building efficiency.
European Union (EU) is launching new smart cities projects with strong support from European Investment Bank (EIB) in various European countries, supporting the industry growth.
Such investments are expected to propel the demand for safety systems, access control systems, and other smart building solutions.
- Europe Smart Building Market Component Outlook (Revenue, USD Million , 2021-2033)
- Solution
- Service
- Europe Smart Building Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Smart Building Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Smart Building Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Europe Smart Building Market, 2021-2033 (US$M)
Europe smart building market statistics, by component, 2021-2033 (US$M)
