The IoT Sensors for Smart Buildings Market was valued at US$ 3.6 billion in 2024 and is projected to reach US$ 6.2 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period (2025-2032).
As of 2022, the number of connected IoT devices worldwide reached approximately 14 billion.
This marks an 18% increase compared to 2021, indicating rapid global IoT adoption.
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5G Network Expansion:
China has built and activated 2.3 million 5G base stations.
Gigabit City Development:
110 cities in China have met the gigabit city construction standards.
Gigabit Optical Network Coverage:
The gigabit optical network now has the capability to cover over 500 million households.
IPv6 Deployment:
Over 700 million active IPv6 users.
IPv6 traffic on mobile networks accounts for nearly 50% of total traffic.
Data Center Growth:
China’s total number of data center racks exceeds 6.5 million standard racks.
Maintained an average annual growth rate of over 30% in the past five years.
We have surveyed the IoT Sensors for Smart Buildings manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks
This report aims to provide a comprehensive presentation of the global market for IoT Sensors for Smart Buildings, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT Sensors for Smart Buildings. This report contains market size and forecasts of IoT Sensors for Smart Buildings in global, including the following market information:
Global IoT Sensors for Smart Buildings market revenue, 2020-2025, 2026-2031, ($ millions)
Global IoT Sensors for Smart Buildings market sales, 2020-2025, 2026-2031, (K Units)
Global top five IoT Sensors for Smart Buildings companies in 2024 (%)
Rapid Adoption of 5G Infrastructure
The global expansion of 5G networks, especially in China, is accelerating IoT device deployment in smart buildings with improved connectivity and lower latency.
Surge in Smart City Projects
Governments worldwide are investing in smart city initiatives, boosting demand for IoT-enabled building automation, safety, and energy efficiency.
Increasing Demand for Energy Management
Smart buildings are increasingly using IoT sensors to monitor energy consumption and optimize HVAC, lighting, and water usage in real time.
Rise in Demand for Remote Monitoring
Post-pandemic, remote facility monitoring has become essential, with IoT sensors enabling real-time insights into occupancy, temperature, and air quality.
Integration with AI and Big Data
IoT sensors are being integrated with AI and analytics platforms to predict maintenance needs and improve decision-making in building management.
Global IoT Sensors for Smart Buildings market, by Type, 2020-2025, 2026-2031 ($ millions) & (K Units)
Global IoT Sensors for Smart Buildings market segment percentages, by Type, 2024 (%)
Temperature Sensors
Humidity Sensors
Occupancy Sensors
Air Quality Sensors
Smoke Sensors
Water Leak Sensors
Others
Global IoT Sensors for Smart Buildings market, by Application, 2020-2025, 2026-2031 ($ Millions) & (K Units)
Global IoT Sensors for Smart Buildings market segment percentages, by Application, 2024 (%)
Residential Buildings
Non-residential Buildings
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies IoT Sensors for Smart Buildings revenues in global market, 2020-2025 (estimated), ($ millions)
Key companies IoT Sensors for Smart Buildings revenues share in global market, 2024 (%)
Key companies IoT Sensors for Smart Buildings sales in global market, 2020-2025 (estimated), (K Units)
Key companies IoT Sensors for Smart Buildings sales share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
SensMax
WATTECO
First Sensor
ELSYS
MESSUNG
Scenariio
Browan
KoolZone
Signify
Schneider Electric
Honeywell
GE Current
Johnson Controls
Legrand
Crestron Electronics
Lutron Electronics
Acuity Brands
OPTEX
Leviton Manufacturing Co., Inc
Enerlites
Hubbell
ATSS
Verkada
Foobot
Alert Labs
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Q1: What are the key driving factors and opportunities in the IoT Sensors for Smart Buildings market?
A1: Energy efficiency demand, smart city projects, and 5G adoption are key drivers. Opportunities lie in retrofitting buildings and expanding in developing regions.
Q2: Which region is projected to have the largest market share?
A2: Asia-Pacific, especially China, is expected to dominate due to large-scale 5G rollout and rapid smart infrastructure development.
Q3: Who are the top players in the global IoT Sensors for Smart Buildings market?
A3: Leading companies include Honeywell, Siemens, Schneider Electric, Johnson Controls, and Bosch.
Q4: What are the latest technological advancements in the industry?
A4: Advancements include AI-integrated sensors, edge computing, and cloud-based real-time analytics for smart building automation.
Q5: What is the current size of the global IoT Sensors for Smart Buildings market?
A5: The market was valued at US$ 3.6 billion in 2024 and is expected to reach US$ 6.2 billion by 2032.