Smart Homes Buildings Energy Efficient Automated Market
Smart Homes, Buildings (Energy Efficient, Automated) Market Forecasts to 2032 - Global Analysis By Component (Hardware, Software, Services, and Other Components), Technology, Type, Material, Application and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $183.92 BN |
|
Projected Year Value (2032) |
US $1185.54 BN |
|
CAGR (2025-2032) |
30.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Smart Homes, Buildings (Energy Efficient, Automated) Market is accounted for $183.92 billion in 2025 and is expected to reach $1185.54 billion by 2032 growing at a CAGR of 30.5% during the forecast period. Smart homes and buildings are energy-efficient, automated structures equipped with advanced technologies to monitor, control, and optimize systems such as lighting, heating, ventilation, air conditioning (HVAC), security, and appliances. These intelligent environments use sensors, connectivity, and data analytics to enhance comfort, reduce energy consumption, and improve safety. By integrating Internet of Things (IoT) devices and automation, smart buildings promote sustainability and enable remote management through smartphones or centralized platforms.
According to the United Nations Industrial Development Organization (UNIDO), 30.0%–70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns, owing to uncertainties and loss of income during the lockdown.
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Market Dynamics:
Driver:
Increased adoption of smart devices
The rising popularity of smart devices is revolutionizing the smart homes and buildings market. Consumers are increasingly integrating AI-powered assistants, automated lighting, and energy-efficient appliances to enhance convenience. Governments and businesses are promoting digital transformation, further accelerating adoption. Smart devices allow homeowners to monitor energy usage, security, and maintenance remotely, optimizing efficiency. The continuous evolution of IoT technology is driving innovation, leading to seamless automation across residential and commercial spaces.
Restraint:
Data privacy and security concerns
Smart home technologies collect vast amounts of personal data, making them vulnerable to cyber threats and unauthorized access. Homeowners are increasingly wary of potential data breaches, prompting stricter regulations and security protocols. Manufacturers must address concerns by incorporating robust encryption and authentication mechanisms. Additionally, high-profile cyber incidents have highlighted the need for continuous monitoring and security enhancements. To sustain consumer trust, companies must prioritize data protection and transparent privacy policies.
Opportunity:
Advancement in IoT and AI technologies
Advancements in IoT and AI are unlocking new possibilities for smart homes and automated buildings. AI-driven automation enhances energy efficiency, security, and user experience through predictive analytics and machine learning. IoT networks enable seamless device integration, allowing real-time monitoring and remote control. The development of self-learning systems is shaping the future of intelligent living spaces. The ongoing research in AI-enabled automation is expected to redefine home and building management globally.
Threat:
Complex installation and maintenance
Despite technological advancements, the complexity of installing and maintaining smart home systems remains a challenge. Many homeowners find integrating multiple devices into a cohesive network to be technically demanding. Professional installation and maintenance services are often required, adding to costs. Compatibility issues between different brands and protocols create further obstacles for consumers. Additionally, aging infrastructure may not support advanced automation features, limiting adoption.
Covid-19 Impact
The COVID-19 pandemic has reshaped the smart homes and buildings market, driving increased interest in automation and contactless technologies. Lockdowns and remote work led to higher demand for home automation solutions, ensuring convenience and security. However, supply chain disruptions slowed the availability of critical components, delaying installations and upgrades. Post-pandemic, smart technology adoption continues to accelerate, fueled by heightened awareness of automation benefits. Companies are now developing resilient systems to mitigate future disruptions and ensure seamless connectivity.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is expected to account for the largest market share during the forecast period, due to the increasing deployment of smart home devices and infrastructure. Components like sensors, smart hubs, automated lighting, and security systems are driving adoption. Rising consumer preference for energy-efficient appliances is fuelling demand for advanced hardware solutions. Moreover, investments in sustainable and eco-friendly hardware innovations are supporting market expansion.
The home healthcare segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the home healthcare segment is predicted to witness the highest growth rate. Rising concerns about elderly care and remote health monitoring are driving investments in smart health solutions. AI-powered devices, including wearable health trackers and automated medication dispensers, are transforming home-based healthcare. IoT-enabled solutions ensure real-time patient monitoring, reducing hospital visits and improving medical accessibility. Additionally, smart homes with integrated healthcare features enhance the quality of life for individuals with disabilities.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to rapid urbanization, increasing smart city initiatives, and rising disposable incomes. Countries like China, Japan, and South Korea are at the forefront of smart home innovations. Government policies supporting energy-efficient housing and digital transformation are propelling market expansion. Rising consumer awareness of automated home solutions is further bolstering demand across the region.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to its advanced technological infrastructure. The region’s focus on sustainability, energy conservation, and smart building automation is driving adoption. The United States leads innovation in AI-driven home automation and security technologies. Strong government incentives supporting IoT development are accelerating market growth. Additionally, rising demand for integrated smart home solutions among tech-savvy consumers contributes to high adoption rates.
Key players in the market
Some of the key players profiled in the Smart Homes, Buildings (Energy Efficient, Automated) Market include Honeywell International Inc., Johnson Controls International plc, Schneider Electric SE, Siemens AG, ABB Ltd, Samsung Electronics Co. Ltd., Apple Inc., Google LLC, Robert Bosch GmbH, LG Electronics Inc., Emerson Electric Co., Carrier Corporation, Kingspan Group, Saint-Gobain S.A., and Xiaomi Corporation.
Key Developments:
In March 2025, Honeywell announced that it has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis. Sundyne is a leader in the design, manufacturing and aftermarket support of highly-engineered pumps and gas compressors used in process industries.
In November 2024, Johnson Controls announced significantly expanded AI capabilities in its OpenBlue Enterprise Manager suite of digital solutions, part of the OpenBlue digital ecosystem. The updates, available today, include the first customer-facing generative AI applications, more autonomous building controls, and a significantly improved user experience.
Components Covered:
• Hardware
• Software
• Services
• Other Components
Technologies Covered:
• Wireless
• Wired
Types Covered:
• Smart Homes
• Smart Industrial Buildings
• Other Types
Materials Covered:
• Insulation Materials
• Energy-Efficient Windows
• Roofing Solutions
• Construction Chemicals
• Sealants and Waterproofers
Applications Covered:
• Energy Management
• Fire and Safety Systems
• Lighting Control
• Home Healthcare
• Security & Access Control
• Water Management
• HVAC Control
• Smart Kitchen/Appliances
• Entertainment Control
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Homes, Buildings (Energy Efficient, Automated) Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Sensors and actuators
5.2.2 Control panels
5.2.3 Smart meters
5.2.4 Smart appliances
5.2.5 Smart thermostats
5.2.6 Smart lighting systems
5.3 Software
5.3.1 Energy management software
5.3.2 HVAC control systems
5.3.3 Security and access control software
5.4 Services
5.4.1 Installation and maintenance
5.4.2 Integration services
5.4.3 Consulting
5.4.4 Managed services
5.5 Other Components
6 Global Smart Homes, Buildings (Energy Efficient, Automated) Market, By Technology
6.1 Introduction
6.2 Wireless
6.2.1 Wi-Fi
6.2.2 Zigbee
6.2.3 Z-Wave
6.2.4 LoRaWAN
6.2.5 Bluetooth
6.3 Wired
6.3.1 Ethernet
6.3.2 Power Line Communication (PLC)
6.3.3 Fiber Optics
7 Global Smart Homes, Buildings (Energy Efficient, Automated) Market, By Type
7.1 Introduction
7.2 Smart Homes
7.3 Smart Commercial Buildings
7.3.1 Offices
7.3.2 Healthcare
7.3.3 Retail
7.3.4 Hospitality
7.4 Smart Industrial Buildings
7.4.1 Warehouses
7.4.2 Manufacturing facilities
7.5 Other Types
8 Global Smart Homes, Buildings (Energy Efficient, Automated) Market, By Material
8.1 Introduction
8.2 Insulation Materials
8.3 Energy-Efficient Windows
8.4 Roofing Solutions
8.5 Construction Chemicals
8.6 Sealants and Waterproofers
9 Global Smart Homes, Buildings (Energy Efficient, Automated) Market, By Application
9.1 Introduction
9.2 Energy Management
9.3 Fire and Safety Systems
9.4 Lighting Control
9.5 Home Healthcare
9.6 Security & Access Control
9.7 Water Management
9.8 HVAC Control
9.9 Smart Kitchen/Appliances
9.10 Entertainment Control
9.11 Other Applications
10 Global Smart Homes, Buildings (Energy Efficient, Automated) Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Honeywell International Inc.
12.2 Johnson Controls International plc
12.3 Schneider Electric SE
12.4 Siemens AG
12.5 ABB Ltd
12.6 Samsung Electronics Co. Ltd.
12.7 Apple Inc.
12.8 Google LLC
12.9 Robert Bosch GmbH
12.10 LG Electronics Inc.
12.11 Emerson Electric Co.
12.12 Carrier Corporation
12.13 Kingspan Group
12.14 Saint-Gobain S.A.
12.15 Xiaomi Corporation
List of Tables
1 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Region (2024-2032) ($MN)
2 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Component (2024-2032) ($MN)
3 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Hardware (2024-2032) ($MN)
4 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Sensors and actuators (2024-2032) ($MN)
5 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Control panels (2024-2032) ($MN)
6 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart meters (2024-2032) ($MN)
7 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart appliances (2024-2032) ($MN)
8 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart thermostats (2024-2032) ($MN)
9 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart lighting systems (2024-2032) ($MN)
10 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Software (2024-2032) ($MN)
11 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Energy management software (2024-2032) ($MN)
12 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By HVAC control systems (2024-2032) ($MN)
13 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Security and access control software (2024-2032) ($MN)
14 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Services (2024-2032) ($MN)
15 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Installation and maintenance (2024-2032) ($MN)
16 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Integration services (2024-2032) ($MN)
17 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Consulting (2024-2032) ($MN)
18 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Managed services (2024-2032) ($MN)
19 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Other Components (2024-2032) ($MN)
20 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Technology (2024-2032) ($MN)
21 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Wireless (2024-2032) ($MN)
22 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Wi-Fi (2024-2032) ($MN)
23 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Zigbee (2024-2032) ($MN)
24 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Z-Wave (2024-2032) ($MN)
25 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By LoRaWAN (2024-2032) ($MN)
26 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Bluetooth (2024-2032) ($MN)
27 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Wired (2024-2032) ($MN)
28 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Ethernet (2024-2032) ($MN)
29 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Power Line Communication (PLC) (2024-2032) ($MN)
30 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Fiber Optics (2024-2032) ($MN)
31 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Type (2024-2032) ($MN)
32 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart Homes (2024-2032) ($MN)
33 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart Commercial Buildings (2024-2032) ($MN)
34 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Offices (2024-2032) ($MN)
35 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Healthcare (2024-2032) ($MN)
36 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Retail (2024-2032) ($MN)
37 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Hospitality (2024-2032) ($MN)
38 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart Industrial Buildings (2024-2032) ($MN)
39 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Warehouses (2024-2032) ($MN)
40 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Manufacturing facilities (2024-2032) ($MN)
41 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Other Types (2024-2032) ($MN)
42 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Material (2024-2032) ($MN)
43 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Insulation Materials (2024-2032) ($MN)
44 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Energy-Efficient Windows (2024-2032) ($MN)
45 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Roofing Solutions (2024-2032) ($MN)
46 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Construction Chemicals (2024-2032) ($MN)
47 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Sealants and Waterproofers (2024-2032) ($MN)
48 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Application (2024-2032) ($MN)
49 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Energy Management (2024-2032) ($MN)
50 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Fire and Safety Systems (2024-2032) ($MN)
51 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Lighting Control (2024-2032) ($MN)
52 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Home Healthcare (2024-2032) ($MN)
53 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Security & Access Control (2024-2032) ($MN)
54 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Water Management (2024-2032) ($MN)
55 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By HVAC Control (2024-2032) ($MN)
56 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Smart Kitchen/Appliances (2024-2032) ($MN)
57 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Entertainment Control (2024-2032) ($MN)
58 Global Smart Homes, Buildings (Energy Efficient, Automated) Market Outlook, By Other Applications (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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