The global smart building market is expected to reach $121.6 billion in 2026

According to a report released by market research firm MarketsandMarkets, the global smart building market is expected to grow from US$72.6 billion in 2021 to US$121.6 billion in 2026, with a compound annual growth rate (CAGR) of 10.9% during the forecast period. Various factors such as increasing demand for energy-efficient systems, rising adoption of IoT-enabled BMS, and increasing industry standards and regulations are expected to drive the adoption of smart building solutions and services globally.

The global smart building market is expected to reach $121.6 billion in 2026

IoT is having a significant impact on the commercial real estate (CRE) industry as the rising adoption of IoT-enabled BMSs leads to increased building operational efficiencies, improved tenant relationships, and new revenue-generating opportunities. Install and use an IoT-enabled BMS to improve building performance efficiency and use sensor-generated data to enhance building user experience.

In addition, a single infrastructure can be leveraged to run all building management solutions with minimal or no manual intervention. An IoT-enabled BMS can be used for a variety of purposes, including reducing energy usage, repairing and maintaining building systems, and reducing building management costs. Owners use data collected from various sensors, including indoor air quality and space utilization, to adjust air conditioning and lighting systems at the building level in real time, reducing energy costs and optimizing the interior environment for intended purposes.

IoT technology offers owners the opportunity to have direct dialogue and build relationships with building users and their tenants. Sensors in malls can help landlords connect directly to various customers and offer their services, thereby building relationships with customers and enhancing tenant engagement. Hence, IoT-enabled BMS is expected to drive the growth of the smart buildings market.

According to G6World’s forecast, IoT will save close to 1.8PWh of electricity and an additional 3.5PWh of hydrocarbon usage, resulting in a total of 5.3PWh of energy savings by 2030.

Blocking factor: Lack of cooperation among standards bodies

IoT and existing smart building technologies will require strong collaboration between standards bodies, business, government and other stakeholders to work together. This collaboration in building smart cities is critical to realizing the fullest potential of these technologies. Various building managements such as property and tenant management and facilities management have their own requirements and operating systems. These systems are not necessarily designed to integrate with other systems, making it difficult to obtain information from building systems.

Opportunity: Rising in the smart city trend

Smart buildings play an important role in smart cities; however, smart buildings and smart cities are developed independently of each other. Buildings with sensor networks can monitor power and water usage in real time, track sustainability performance, and interact with other smart city parts. Governments across the globe are investing heavily in smart city projects that are helping to drive the adoption of smart buildings across regions. Hence, smart city initiatives launched by various governments are expected to drive the growth of the smart buildings market.

For example, in November 2020, Transport for Greater Manchester (TfGM) and VivacityLabs announced the launch of AI-controlled smart traffic intersections to improve safety and reduce urban congestion during the COVID-19 pandemic.

Challenge: Increased privacy and security concerns due to IoT-enabled devices

Many buildings are now integrating smart technologies into their design and operations. The adoption of technologies such as IoT and sensors offers great convenience to both tenants and landlords. However, the adoption of these technologies poses a security threat to buildings. Most IoT devices and sensors have weak security, use non-standard communication protocols, and are operated by unpatched legacy software, which can expose smart buildings to various vulnerabilities. Hackers always scan their targets for technical weaknesses in order to infiltrate a particular network and steal valuable data or control facilities.

For example, cybercriminals infiltrate commercial activity statements to stop passenger elevators from working, obtain security information from closed-circuit television (CCTV), and interrupt power to entire buildings or parts of them. A well-planned cyber attack involving readily available IoT devices and sensors in any smart building could expose sensitive data stores, servers, and employee and customer information that could be used for malicious purposes. Hence, increasing privacy and security concerns owing to the adoption of IoT-enabled devices are restraining the growth of the smart buildings market.

Services are expected to account for a higher CAGR during the forecast period

The smart buildings market solution providers offer various services. Smart building solutions are categorized into consulting, implementation, support and maintenance. The services segment is expected to witness a promising future as the smart buildings market continues to evolve, requiring proper pre- and post-consulting, deployment, and overall management of solutions. Smart building service providers help implement smart automation and technology to efficiently operate and maintain buildings in a cost-effective manner. The benefits of adopting smart building services include the need to implement optimal solutions that improve building performance, reduce energy and lower operating costs.

North America will hold the largest market share during the forecast period

According to statistics, North America accounted for the highest market share of the smart building market in 2021. North America is estimated to hold the largest share of the overall smart buildings market during the forecast period. The US holds a large market share in the region. North America leads the global market in terms of the usage of smart building-based solutions and services. For example, U.S. organizations are investing heavily in smart building measures, such as building controls and building systems integration, to take advantage of energy efficiency and energy storage and provide smarter, safer, and more sustainable buildings. At the same time, the Government of Canada is taking steps to support Canada’s commitment to protecting the environment and its resources by improving the energy efficiency of federal buildings and reducing greenhouse gas emissions,

major market participants

Smart buildings market vendors have implemented various types of growth strategies such as new product launches, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. Major suppliers in the global market include Cisco, IBM, Honeywell, Siemens, Johnson Controls, Huawei, Intel, PTC, ABB, Hitachi, Schneider Electric, Legrand, Bosch, etc.

Recent Market Dynamics

In January 2022, Johnson Controls completed the acquisition of FogHorn, a leading developer of artificial intelligence software at the edge for industrial and commercial Internet of Things (IoT) solutions. Through the pervasive integration of Foghorn’s world-class Edge AI across Johnson Controls’ OpenBlue solutions portfolio, it accelerates the realization of the vision of intelligent, autonomous buildings that can continuously learn, adapt and automatically respond to the environment and people’s needs.

In September 2021, Legrand presents the Living Now design, characterized by extreme purity of design and geometric precision, suitable for all homes. It can be installed to show its innovative potential for connected smart systems.

In December 2020, Hitachi, Ltd. announced the development of an IoT platform to bring buildings the high-added value required for the new normal, including improving building management efficiency and building user comfort.

In June 2020, Siemens and Composite Energy Services (CES) signed a new value-added partnership for Siemens Building Technologies to offer Siemens BAS fields to customers of CES. The partnership will allow CES to offer advanced options related to new construction or retrofit of existing building control systems.

Pakistan imported trains from China with LED lighting

“I finally realized my wish to take an advanced Chinese-made railway passenger car. The train is more comfortable than I imagined!” said Madiha Osman, a citizen who took the Pakistan Green Line express train to visit relatives and friends.

Pakistan imported trains from China with LED lighting

The Green Line express train line connects Islamabad, the capital of Pakistan, and the southern port city of Karachi, passing through major cities in Punjab and Sindh provinces, with a total length of 1,548 kilometers. On the 27th, the Pakistan Railway Company held a ceremony in Islamabad, announcing that the railway passenger cars imported from China in 2022 will be incorporated into the Green Line express train group and officially put into operation.

The green line express train set that departed on the same day was pulled by a diesel locomotive. All 9 carriages were imported from China, and 6 of them were passenger cars of CRRC Tangshan Locomotive and Rolling Stock Co., Ltd. (CRRC Tangshan Company).

Lei Song, director of CRRC Tangshan Pakistan Lahore Service Station, said: “In order to create a first-class experience for passengers, we have equipped buses with wireless networks, and some cars are equipped with audio-visual entertainment systems behind each seat.” In addition, the Chinese engineers also trained the local operators on Chinese-made equipment such as the bus power supply system to ensure the smooth operation of the Pakistani side.

The reporter observed that the interior of the business compartment of the train is quite similar to the interior of high-speed trains in China, and uses LED lighting, which is clean and bright. At the same time, in addition to the air-conditioning system, electric fans were installed in the carriages at the request of the Pakistani side, and the 9 carriages also include 5 sleeper carriages.

Osman told reporters that she learned the good news from the media two months ago, so she brought her children to experience the train on the first day of operation. She is refreshed by the advanced equipment equipped on the train, which makes today’s journey no longer a simple rush, but a kind of enjoyment.

Imran Qureshi, a banker in Rawalpindi, Punjab, was very satisfied with the ride experience after riding a Chinese-made railway passenger car for the first time. Qureshi said that because of work reasons, he usually needs to travel frequently between Rawalpindi and Lahore, and taking the Green Line express train will be his first choice for business trips in the future.

Ali Asif, a passenger sitting next to Qureshi, is a local internet celebrity blogger. He said he wanted to shoot a short video to pass on the wonderful experience of riding a Chinese-made bus to more people.

“The tickets for this batch of railway passenger cars imported from China have been sold out in the next 10 days,” said Jalil Mahmood, station master of Rawalpindi Railway Station. A trend.”

Pakistani Prime Minister Shabaz delivered a speech at the ceremony on the 27th and said that China has exported very advanced railway passenger cars with many new functions to Pakistan. After these passenger cars are put into operation, they will enhance the image of Pakistan Railways, allow passengers to enjoy comfortable and fast travel, and help attract more passengers to choose railway travel.

“In the future, we will further help Pakistan to produce high-quality railway passenger cars locally, provide technical support to Pakistan, improve Pakistan’s railway transportation capacity, and allow more Pakistani passengers to take comfortable trains.” Lei Song said.

Fengyi Primary School in Yixing City, Wuxi, Jiangsu Province completed the classroom lighting renovation project

Education is the foundation. In recent years, the government of Guanlin Town, Yixing City, Wuxi, Jiangsu Province has continuously increased investment in education, continued to improve school conditions, and popularized projects that benefit the people. In the spring semester of 2023, Fengyi Primary School in Yixing City ushered in a major renovation of classroom lighting-the original fluorescent lamps in the classroom have all been converted into LED eye protection lamps.

Fengyi Primary School in Yixing City, Wuxi, Jiangsu Province completed the classroom lighting renovation project

Field Guidance Efficiency Acceleration

The “Implementation Plan for Comprehensive Prevention and Control of Myopia in Children and Adolescents” jointly issued by 8 ministries and commissions including the National Health Commission clearly states that “the visual environment must be improved, classroom lighting and lighting requirements must be implemented, and lighting equipment that is conducive to visual health should be used.” In order to protect the eyes of young people and children, the government of Guanlin Township guides the health supervision department to perform their duties conscientiously and work hard, and cooperates with the education department to jointly promote the classroom healthy lighting project.

Beginning in September last year, the government of Guanlin Township sent personnel to Fengyi Primary School to investigate and count classroom lighting problems. Considering the size of the classroom and the position of the blackboard are different, it needs to adjust the illumination several times to pass the test. The town supervisor took the trouble to run the on-site inspection again and again, and repeated it many times until the standard was fully met.

The education department of Guanlin Town requires that in the process of promoting the renovation of school classroom lighting, all schools should improve teaching facilities and conditions, provide students with a learning environment that meets the requirements for eye hygiene, and the school classroom lighting hygiene standards must reach 100%.

“It’s so bright in the classroom, it’s easier to see the blackboard.” “It seems that the classroom has become more beautiful.” “Reading and studying under the new light source, the eyes are much more relaxed!” On the first day of school, the children chatted non-stop and were full of curiosity about the classroom lights. The improvement of the classroom lighting environment has aroused positive responses from the children of Feng Xiao. Everyone said that the updated classroom lighting is softer and more uniform.

The teachers of Fengyi Primary School also expressed their praise: “I am very grateful to the town government for its concern and support for our rural school, not only improves the quality of the children’s learning environment but also reduces many difficulties for teachers in class, so you don’t have to worry about the children sitting next to you not being able to see the blackboard clearly.”

The renovation of classroom lighting has been widely praised by students, teachers, and parents. It can be seen clearly and the eyes are comfortable. Especially in the context of delayed service, the advantages of healthy lighting are more prominent. The government has invested a lot of money to do practical things for the people. Really let the common people get benefits.

The smart light poles in the Jiangnanxi Cultural Tourism Business Circle in Haizhu District, Guangzhou are officially lit

Recently, Guangzhou Xintou, a member company of Guangzhou Radio Group, assisted in the official lighting of the smart light pole project in Jiangnanxi Cultural Tourism Business District, Haizhu District, Guangzhou. Up to now, Guangzhou Xintou has built more than 2,300 smart light poles in 9 districts of Guangzhou, playing a leading and supporting role in the new generation of information infrastructure represented by smart light poles in the construction of new smart cities, and deepening urban renewal for Guangzhou, realize the new vitality of the old city, and add luster to the “four new and brilliant”.

The smart light poles in the Jiangnanxi Cultural Tourism Business Circle in Haizhu District, Guangzhou are officially lit

A few days ago, the lighting ceremony of the landmark “Eye of Fashion” in the south of the Yangtze River in Haizhu District was officially launched. The new landmark of Jiangnanxi standing on the square of the Offshore Oil Building – the fashion eye and the brand-new information screen of the smart light pole is lit up at the same time, lighting up the Jiangnanxi business district like dazzling pearls.

The smart light pole project constructed by Guangzhou Xintou in the Jiangnan West Cultural and Tourism Business District integrates smart lighting, full coverage of Internet signals, video surveillance, display information release, environmental monitoring, and other complex functions. Later, 5G microlight poles can be expanded according to actual needs. The base station and other functional modules. With the continuous lighting of smart street lights and visual landmarks, the rich three-dimensional art installations are dizzying, fully demonstrating the “new vitality of the old city” in Guangzhou and the “new charm of the old business district” in Jiangnan West.

In recent years, Guangzhou Xintou has built 2,327 smart light poles in 9 districts including Tianhe, Haizhu, Nansha, Huadu, Zengcheng, Yuexiu, Baiyun and Liwan innovatively integrating high-power DC charging piles with light poles to create the first innovative application in Guangzhou that combines convenience functions such as smart parking and smart charging. Among them, the application of smart light poles integrated with charging piles on Jiaochang East Road and Jiaochang West Road was selected into the practice of “serving people’s livelihood and doing practical things” by the Propaganda Department of the Municipal Party Committee Activities to help the old city burst into new vitality.

At the same time, Guangzhou Xintou also combined unmanned driving, smart charging piles, smart civil air defense and other application scenarios, and cooperated with Nansha Big Data Company to carry out vehicle-road coordination equipment on smart light poles, and realized L4-level autonomous driving testing and testing for the first time in Nansha.

In the future, Guangzhou Xintou will actively respond to the national digital new infrastructure strategy, combine the smart city construction planning and urban landscape, accelerate the construction of smart light pole projects, create a beautiful urban landscape, deepen urban renewal for Guangzhou, and realize the new vitality of the old city. “Four new and brilliant” add luster.

LED lighting helps grow vegetables in supermarkets

With the rise of urban residents’ awareness of environmental protection and their yearning for green life, coupled with the rapid development of related technologies, urban agriculture has become popular in various countries in recent years. It not only creates employment opportunities but also expands urban green space. “Local consumption” shortens the distance for food to be delivered from the place of production to the dining table, which is conducive to energy saving and carbon reduction.

LED lighting helps grow vegetables in supermarkets

It is common for urbanites to learn to be farmers and play the realistic version of “Happy Farm” in their own yards, balconies, and rooftops. However, a high-end department store in the center of Paris, France, also operates a “sky vegetable garden”, which is refreshing. The roof of the Lafayette (Galleries Lafayette) department store on Huadu’s bustling street was planned by a group of agricultural engineers and architects, the “Paris Strawberries” company, to create a huge vegetable and fruit garden, which can supply about 1.8 tons of food to Parisians every year. Strawberry is its bulk.

The current “vertical farming method” is adopted here. The soil is discarded, and the patented “biofilm” is used to grow edible crops. Specially filtered air-conditioning wastewater and rainwater are used to provide the nutrients needed for plant growth. The foundation of this “soilless, hydroponic cultivation” is “biofilm”, which is mainly prepared from animal fibers such as waste wool that has no textile value. The cost is not high and the construction method is simple, which is both economical and environmentally friendly. As far as the trend is concerned, vertical farms are popping up like mushrooms in department stores and shopping malls in Paris and other cities.

The mayor of Paris, Itage, has introduced a new law to encourage citizens to be “gardeners of public space”, hoping to create 100 hectares of new gardens such as vegetation walls and green roofs by 2020, one-third of which will be contributed to urban agriculture (gardening), producing food. This has added conditions for food “local production and local consumption” for Paris, which is densely populated and sparsely populated, and has further beautified the urban landscape, and enhanced the city’s biodiversity, which is conducive to ecological balance.

On the other hand, the Metro supermarket chain in Berlin, the capital of Germany, cooperates with Infarm, a company that develops urban indoor farming methods, to promote the indoor vertical farm plan, “growing vegetables and fruits directly in the supermarket”, and selling them while growing them, so that customers can conveniently Pick your own fresh ingredients for purchase.

Infarm is committed to growing food in various “impossible” places. It uses old containers to make stackable modular planting boxes. In this “vertical farm”, irrigation and nutrient supply are controlled by the Internet The system, LED lighting that simulates sunlight to help plant photosynthesis, and installs multiple sensing devices to monitor the status of crops. Consumers can also learn about the growth process of food materials in real-time through the Internet.

Building a vertical farm in the supermarket aisle only occupies a small space of a few square meters in the supermarket, and can be extended upwards. “The biggest advantage is that the supermarket infrastructure is complete, without any additions or adjustments. You only need to install the system. It can start to operate.” It has many advantages such as reducing the cost of food transportation, storage, and preservation, and is favored by consumers.

Canadian greenhouse introduces LED lighting system to increase seedling production

Founded in 2009, Lufa Farms can produce 75 kinds of vegetables throughout the year and provide 10,000 members to buy and eat them. The founder, Mohamed Hage, set up Lufa Farms in order to provide uninterrupted crops near people’s homes. But as demand expands, Lufa Farms hopes to introduce new growing methods to increase crop yields.

Canadian greenhouse introduces LED lighting system to increase seedling production

Since seedlings are the most vulnerable period of crop growth, how to build an environment suitable for seedling growth becomes the key to increasing yield. On the one hand, Lufa Farms wanted to increase production with limited space and lighting, but on the other hand, it was unwilling to sacrifice crop quality, so it cooperated with Current and Hort Americas to create a three-story lighting system, which installed 430 sets of GE Arize Lynk LED light bulbs allow Lufa Farms to afford the installation cost and also make the environment sustainable.

This lighting system can be adjusted according to the different needs and growth conditions of various vegetable seedlings of Lufa Farms, which increases the production speed of seedlings by 15% and improves planting efficiency. At the same time, the Lufa Farms team pointed out that the improvement of the seedling growth environment also makes the quality of vegetables relatively consistent.

Grow medical marijuana with LED lighting system

On the 11th, Sweden’s Heliospectra announced that the Danish Cannabis Pharm company’s new production equipment has selected Heliospectra’s horticultural lighting and control system. The company ordered Heliospectra’s ELIXIA LED lighting solution and HelioCORE light control software to fully automate the lighting environment and produce the highest quality medical cannabis. It is reported that Heliospectra will ship during the first quarter of 2019.

Grow medical marijuana with LED lighting system

According to official sources, Cannabis Pharm is currently building a new high-density vertical cultivation system in Randers, Denmark. The company has partnered with Heliospectra and Canada’s Montel to combine centralized LED lighting management strategies with state-of-the-art mobile racks to provide an overall solution that optimizes crop quality and maximizes production and business performance.

Ali Ahmadian, president of Heliospectra, said Denmark is fast becoming one of the largest producers of medical cannabis in Europe. The European market continues to expand the medical cannabis industry, and standardized high-quality products have become the key to success. The life cycle of cannabis goes through several different stages of growth, each with different requirements for environmental factors such as light intensity and spectrum. Using Heliospectra’s smart ELIXIA LED grow lights and HelioCORE? control software, growers can automatically adjust light and environmental prerequisites according to crop growth needs, thereby optimizing crop growth conditions and enhancing the energy efficiency of growth.

According to Heliospectra, the global trend toward the legalization of medical marijuana has driven the development of expertise in this area, and the company has partnered with various institutions and companies to expand its knowledge in the industry. Since the beginning of this year, the company has cooperated with medical marijuana cultivation research institutions from Canada, Australia, Macedonia, and Denmark.

Signify researches LED lighting technology for cut roses

Signify announced yesterday (4th) that it has signed a two-year cooperation agreement with China Gansu Linxia Baiyi Modern Agricultural Technology Co., Ltd. on the formulation of LED light for cut roses to jointly carry out research on the application of LED supplementary light for greenhouse cultivation of cut roses in western China. . During the same period, a tripartite joint laboratory of Signify, Baiyi Group and Yunnan Aibida was established at the International Flower Port Flower Production Demonstration Base in Linxia National Agricultural Science and Technology Park (Sino-Dutch), Gansu Province.

Signify researches LED lighting technology for cut roses

Signify will set up a special innovative agricultural research fund for the light formulation cooperation project for the joint laboratory, and will send Signify international botanical experts to the Linxia (China-Dutch) International Flower Port project from time to time to conduct training and information on flower LED lighting technology Exchange and resource sharing, promote the application and promotion of the latest international LED supplementary light technology and cases in western China, and improve the quality and economic benefits of flower production in western China.

Gansu Linxia (Sino-Dutch) International Flower Port Project is invested by Linxia Baiyi Modern Agricultural Technology Co., Ltd. to develop high-end flower industry. With the listing of the joint laboratory, Signify also awarded the two companies as the ambassadors of Signify’s facility horticultural LED in the world and the Chinese flower industry.

“We have seen the demand for innovative LED supplementary lighting technology in the production of cut rose greenhouses in western China. The joint laboratory’s research on light formulations will help improve the production efficiency of flowers in western China.” Udo van Slooten, head of Signify’s LED plant lighting business Said that Philips GreenPower LED supplementary light products have a lot of successful application experience proven by the market in the production of cut roses, and we look forward to future cooperation results.

Linxia (Sino-Dutch) International Flower Port Project produces cut roses by introducing Dutch greenhouse construction technology, flower planting technology and original seedlings, which are at the leading level in the international facility industry. Huo Gang, general manager of Linxia Baiyi Modern Agricultural Technology Co., Ltd., said that Philips LED light formula has a good advantage in the production of cut roses in greenhouses. He looks forward to working closely with the Signify LED plant lighting team in the future to witness the use of LED in flower production. It will promote the success of the Linxia (Sino-Dutch) International Flower Port project, and further promote the transformation and upgrading of local agriculture and the integrated development of industries.

Ningxia’s first LED smart plant factory built

In response to the urgent demand for high-quality horticultural products in the rapid urbanization of Ningxia, and to balance the shortage of water and soil resources, through the support of the key research and development plans of the autonomous region, Ningxia University, the Institute of Agricultural Environment and Sustainable Development of the Chinese Academy of Agricultural Sciences, and Beijing Innovative Life Technology Development Co., Ltd. The company jointly implements the key project of East-West cooperation “Research and Demonstration of Energy-Saving and Efficient Cultivation Technology of Artificial Light Plant Factory”.

Ningxia's first LED smart plant factory built

The project will build a new intelligent LED artificial light plant factory of 225 square meters, supporting the construction of three-dimensional cultivation racks, nutrient solution supply and recovery, lighting system, air conditioning temperature control system, and comprehensive environmental control system, and expanding the supporting hydroponic cultivation of leafy vegetables under natural light conditions.

The project has developed 2 sets of red and blue chip combined and phosphor-excited LED plant light source devices, developed 1 set of plant factory light-temperature coupling heat exchanger and its control system; designed 3 sets of adjustable three-dimensional hydroponic cultivation systems, developed 1 item of nutrient solution circulation and uniform supply technology.

After the completion of the intelligent LED artificial light plant factory, it can produce 10 lettuce crops a year, and each crop can be planted with 6,000 plants; combined with artificial light seedlings, the hydroponic leafy vegetable system can produce 11 lettuce crops a year under natural light conditions.

The project achieves technological breakthroughs in light and heat energy saving, efficient use of water, fertilizer and land resources through plant factories, forming a high-tech industrial system of plant factories with independent intellectual property rights, boosting the rapid development of Ningxia’s plant factory industry, and improving the application of agricultural high-tech at home and abroad. Competitiveness makes a positive contribution.

100,000 LED bulbs in Tokyo create alternative cherry blossoms

According to the “Asahi Shimbun” website, the Nihonbashi Muromachi digital art “Sakura” in the central district of Tokyo met the public a few days ago, attracting everyone’s attention. The “cherry blossom tree” made up of about 100,000 LED bulbs is about 8 meters high, showing a variety of colors such as green and peach.

100,000 LED bulbs in Tokyo create alternative cherry blossoms

As part of the “Nihonbashi Cherry Blossom Festival” event held in the Nihonbashi area, this cherry tree was created from digital art that was popular at the American Arts Festival and was named “The Tree of Light”. “Light Sakura” will be lit from 4 pm to 8 pm every day until April 7th.