Smart Building Market Share

Smart Building Market Share

The smart buildings market is competitive and highly fragmented with the presence of established global players as well as local players and startups. The top 5 companies in the global smart building industry are ABB, Intel Corporation, Microsoft Corporation, Hitachi ltd, and IBM, collectively accounting for a share of 36.2%. These companies are competing in the market by offering advanced solutions that leverage cutting-edge digital technologies. For instance, In September 2024, Hitachi developed a new BuilMirai IoT solution for small and medium-sized buildings to enhance building management and user comfort. Offered as subscription-based services, the solutions include security, facility monitoring, and surveillance features, all accessible via smartphones. This initiative strengthens Hitachi's green & smart building business, promoting efficient, sustainable building operations and supporting digital transformation.
 

Additionally, companies are acquiring small key players to acquire expertise and expand their business. For instance, in January 2025, Johnson Controls acquired a Netherlands-based provider of building automation solutions, Webeasy. The aim of acquisition was to enhance its smart building capabilities across Europe. This strategy strengthens Johnson Controls leadership in energy-efficient, sustainable building management by integrating Webeasy’s innovative, cost-effective technologies tailored for small to medium-sized commercial buildings, improving operational efficiency and supporting sustainability goals in the growing market.
 

Smart Building Market Companies

Prominent companies in the smart building industry include:

• ABB
• Intel Corporation
• Microsoft Corporation
• Hitachi ltd.
• Huawei
   

ABB is collaborating with other tech giants to provide advanced solutions to end user customers. For instance, in November 2023, ABB entered partnership with Samsung C&T to enhance smart building capabilities, and integrated Samsung C&T’s Homeniq platform with ABB's home automation systems. This collaboration enables seamless smart connectivity across residential and commercial end use, and focusing on energy management, automation, and cost-efficiency.
 

Microsoft Corporation primarily focuses on the Azure Digital Twins, integrating IoT, cloud, and AI for smart building solutions to optimize energy efficiency.
 

Huawei is leveraging its Smart Building Energy Management System (SBEMS), and enhancing automation, sustainability, and operational efficiency across smart cities and enterprises.