The Smart Building Systems Market in North America

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The transition to smart buildings is progressively gaining momentum as a burgeoning global population strains aging infrastructures. Market growth will also be fueled by greater demand for, and improved affordability of, building level sensors. The evolution towards a connected world will further spur the adoption of smart building systems. Companies that invest early will be best placed to reap rewards in emerging markets, especially as the Internet of Things becomes a reality.

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The Smart Building Systems Market in North America

  1. 1. Frost & Sullivan: Connected World of the Future Enhances Value Proposition of Smart Building Systems Research PREVIEW for The Smart Building Systems Market in North America (ND78-19)
  2. 2. Key Highlights Source: Frost & Sullivan • A smart building system is a package of sensors, controllers/hardware, and software that allows a facility to sense its own environment and react to both real-time and historical data for maximum operational efficiency. The facility will have fully integrated building systems and a common logic in the control mechanism for those systems. • For purposes of market sizing in this research, a “smart building” is defined as having these systems to some degree, whether it be a simple energy management system or the realization of the total smart building concept. The addressable market is the total built environment in North America. • Increased spending on new buildings and plentiful retrofit opportunities drive growth for smart systems. Increased focus on operational cost savings, occupancy efficiencies, and environmental sustainability also drive growth. • Open-source software protocols will continue to erode the base of proprietary systems, resulting in increased interoperability between manufacturers’ products, market competitiveness and opportunities for competitive bidding. Further, this will decrease the prices of systems dramatically proportionately increasing adoption rates of smart building systems. • The value proposition of smart building systems is not well understood by building owners and operators. There is a lack of skilled personnel at all stages of the smart building systems value chain, including architects, engineers, contractors, system integrators, and operations and maintenance officials. ND78-19
  3. 3. Source: Frost & Sullivan 0 2 4 6 8 10 Urbanization Smart is the new Green Social Trends Connectivity and Convergence Innovating to Zero Value for Many Future Infrastructure Development Future of Mobility Smart Building Systems • This study identifies the smart building systems market as a key area for Mega Trends analysis, through Frost & Sullivan’s ranked assessment based on research and observation. These weights relate to other identified Mega Trends affecting this market. • The identified Mega Trends drive smart building adoption. Future infrastructure development , “smart” as the new “green” and connectivity have the heaviest impact. • Smart building systems drive the realization and implementation of these Mega Trends in other markets, such as connected transport, smart grid and energy optimization, next generation safety/security, personalized marketing, and efficient manufacturing. Mega Trends Analysis Mega Trends Analysis of the Smart Building Systems Market ND78-19
  4. 4. Executive Summary—CEO’s Perspective 2 Occupancy efficiencies can increase workflow productivity. 3 Huge retrofit opportunities exist within aging infrastructure. 4 Increasing connectivity improves a smart building’s value proposition. 5 Monitoring and benchmarking can identify opportunities for improvement. 1 The increasingly competitive landscape makes operational cost savings more important than ever. Source: Frost & Sullivan ND78-19
  5. 5. Contents Section Slide Number Executive Summary 4 Effect of Mega Trends on the Smart Building Systems Market 9 Smart Building Systems Market Drivers and Restraints 13 Total Smart Building Systems Market 20 Smart Building Sensors Market 31 Building-level Controllers Market 35 Smart Building Software Market 39 Disruptive Trends in Smart Building Systems Market 43 The Last Word 47 The Frost and Sullivan Story 51 ND78-19
  6. 6. Interested in Full Access? Connect With Us Ariel Brown Associate Corporate Communications (210) 247-2481 ariel.brown@frost.com Research Authors Pramod Dibble Visionary Innovation Consultant Energy & Environment http://bit.ly/1o4fBu3 @PramodEFDibble Roberta Gamble Partner/ Global Research Director Energy & Environment http://bit.ly/1nHPzty Facebook https://www.facebook.com/FrostandSullivan LinkedIn Group https://www.linkedin.com/company/frost-&-sullivan SlideShare http://www.slideshare.net/FrostandSullivan Twitter https://twitter.com/Frost_Sullivan Frost & Sullivan Events http://bit.ly/1lpWmeE GIL Community http://visionary-it.gilcommunity.com/ ND78-19
  7. 7. Associated Multimedia Analyst Blog Frost & Sullivan – Pramod Dibble http://bit.ly/1qb7fEc Analyst Briefings Energy & Power Systems http://bit.ly/1sFGt8V SlideShare Presentation Smart Cities – From Concept to Reality http://slidesha.re/1v6NUSs Mega Trends Article Connected Living http://bit.ly/1pPddZR GIL Community Site Growth, Innovation & Leadership http://visionary-it.gilcommunity.com/ ND78-19
  8. 8. Global Perspective 40+ Offices Monitoring for Opportunities and Challenges ND78-19
  9. 9. Industry Convergence Comprehensive Industry Coverage Sparks Innovation Opportunities Automotive & Transportation Aerospace & Defense Measurement & Instrumentation Information & Communication Technologies HealthcareEnvironment & Building Technologies Energy & Power Systems Chemicals, Materials & Food Electronics & Security Industrial Automation & Process Control Automotive Transportation & Logistics Consumer Technologies Minerals & Mining ND78-19

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