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Japan Smart Building Market By Solution (Safety & Security Management, Energy Management, Building Infrastructure Management, Integrated Workplace Management System (IWMS), Environment and Energy Management, Network Management); By Service (Consulting, Implementation, Support & Maintenance); By End Use (Residential, Commercial, Healthcare, Retail, Academic, Industrial); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Japan Smart Building Market Size 2023	USD 7,543.10 million
Japan Smart Building Market, CAGR	9.50%
Japan Smart Building Market Size 2032	USD 17,071.71 million

Market Overview

The Japan Smart Building market is projected to grow from USD 7,543.10 million in 2023 to an estimated USD 17,071.71 million by 2032, with a compound annual growth rate (CAGR) of 9.50% from 2024 to 2032. This significant growth underscores a robust expansion as industries and residential sectors increasingly adopt intelligent building solutions for enhanced energy efficiency, security, and operational effectiveness.

Key drivers propelling this market include the rising demand for energy-efficient structures, advancements in IoT technologies, and government initiatives promoting smart infrastructure. Additionally, the increasing need for integrated security and safety systems within buildings accelerates the adoption of smart building solutions. Technological trends such as AI integration and real-time data analytics are setting new standards in building automation, further boosting the market’s growth trajectory.

Geographically, Tokyo leads in the adoption of smart building technologies, primarily due to its high concentration of commercial hubs and residential complexes. Major players such as Toshiba, Hitachi, and Panasonic are significantly contributing to the market by offering innovative solutions that cater to the dynamic needs of modern buildings. These key players are not only enhancing their product offerings but also engaging in strategic partnerships and expansions to leverage the growing demand in other populous cities across Japan.

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Market Drivers

Government Initiatives and Regulatory Support:

The Japanese government has been instrumental in driving the smart building market through various initiatives and regulations. For instance, the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has implemented policies to promote smart building technologies. These include financial incentives for energy-efficient buildings and mandates for energy management systems in large commercial structures. The government has also launched demonstration projects in cities like Yokohama and Toyota to showcase the benefits of smart building technologies. Additionally, the Building Energy Efficiency Act, revised in recent years, has set stricter energy performance standards for new constructions. Local governments have followed suit, with Tokyo Metropolitan Government, for example, introducing its own smart building guidelines. These initiatives have created a favorable environment for smart building adoption, encouraging both public and private sector investments. Industry surveys indicate that these government efforts have significantly increased awareness and implementation of smart building solutions among property developers and building managers.

Technological Advancements in IoT and AI:

Japan’s strong technological base has been a key driver in the smart building market. Major electronics and technology companies have been at the forefront of developing IoT and AI solutions tailored for smart buildings. For instance, companies like Hitachi and Panasonic have introduced comprehensive building management systems that integrate various IoT devices and utilize AI for predictive maintenance and energy optimization. These systems have been deployed in numerous commercial and residential buildings across Japan, demonstrating tangible benefits in terms of energy savings and operational efficiency. Industry reports suggest a rapid increase in the number of IoT-connected devices in Japanese buildings over the past few years. AI applications in smart buildings have also seen significant advancements, with machine learning algorithms being used to analyze occupancy patterns and adjust building systems accordingly. Surveys of building managers indicate a growing appreciation for the role of these technologies in enhancing building performance and occupant comfort.

Increasing Demand for Energy Efficiency:

Energy efficiency has become a critical focus in Japan’s building sector, driven by both economic and environmental concerns. Government data shows a consistent increase in the adoption of energy-efficient technologies in buildings over the past decade. Smart building solutions have played a crucial role in this trend, offering sophisticated energy management capabilities. For example, major office buildings in Tokyo have reported substantial reductions in energy consumption after implementing smart building systems. The demand for these solutions has also been boosted by rising energy costs and corporate sustainability goals. Industry surveys reveal that building owners and tenants increasingly prioritize energy efficiency features when selecting properties. This demand has spurred innovation in the smart building sector, with companies developing more advanced energy monitoring and control systems. The success of these technologies in reducing energy consumption has been well-documented in case studies from various commercial and residential projects across Japan.

Rise in Urbanization and Smart City Projects:

Urbanization in Japan is accompanied by the growth of smart city projects that integrate various components of urban living with the latest technology. Smart buildings are an essential element of these projects, contributing to more sustainable and efficient urban environments. As cities expand and the population increases, the push for buildings that can accommodate the growing need for space while minimizing environmental impact is stronger than ever. This urban expansion drives the construction of new smart buildings and the retrofitting of existing structures to meet modern standards of sustainability and connectivity.

Market Trends

Integration of AI and Machine Learning for Predictive Maintenance and Energy Management:

A significant trend in the Japan Smart Building market is the growing integration of Artificial Intelligence (AI) and Machine Learning (ML) to enhance predictive maintenance and energy management systems. According to government surveys, a majority of large commercial buildings in major Japanese cities have implemented some form of AI-driven building management system. These systems analyze data collected from sensors and IoT devices to enable predictive maintenance and optimize energy consumption. For instance, a study by a leading Japanese technology firm found that buildings using AI-powered energy management reduced their energy costs significantly compared to traditional systems. The adoption of these technologies is particularly high in newer office buildings in Tokyo’s business districts. Additionally, several Japanese companies specializing in building automation have reported increased demand for their AI-enabled solutions. This trend aligns with Japan’s national energy efficiency goals, as outlined in government white papers on sustainable urban development. The integration of AI and ML in smart buildings is expected to accelerate, driven by both environmental concerns and the potential for substantial operational cost savings.

Expansion of Smart City Projects and Retrofitting of Existing Buildings:

The expansion of smart city initiatives across Japan is another key trend driving the smart building market. Government data indicates that numerous municipalities have launched smart city projects, with smart buildings as a central component. Cities like Tokyo, Osaka, and Yokohama are leading these initiatives, integrating advanced technologies across urban infrastructures. A national survey of urban development projects revealed a strong emphasis on retrofitting existing buildings with smart technologies. This trend is particularly important given Japan’s aging building stock, with a substantial portion of structures being several decades old. Industry reports show a growing market for smart retrofitting solutions, with many building owners opting to upgrade rather than rebuild. For example, a major real estate developer’s survey found that a significant number of their commercial tenants now prioritize smart building features when choosing office spaces. The retrofitting trend is supported by government incentives, as outlined in policy documents promoting energy efficiency in the built environment. As both public and private sectors invest in smart building technologies, the trend is expected to continue, reshaping Japan’s urban landscape.

Market Restraints and Challenges

High Initial Costs and Complexity of Implementation

The Japan Smart Building market faces significant challenges due to high initial costs and implementation complexity. For instance, a survey conducted by the Japan Building Management Association revealed that many building owners and operators consider the upfront investment in smart technologies to be a major hurdle. The study found that a substantial portion of respondents cited financial constraints as the primary reason for delaying or avoiding smart building upgrades. Furthermore, data from the Ministry of Land, Infrastructure, Transport and Tourism indicates that retrofitting existing buildings with smart technologies is particularly challenging in Japan, given the age and structural characteristics of many commercial properties. The complexity of integrating new systems into older buildings often requires extensive modifications, leading to prolonged implementation periods and increased costs. A report by the Japan Smart Building Alliance highlighted that small and medium-sized enterprises (SMEs) are disproportionately affected by these high costs. The study showed that while large corporations are more likely to invest in smart building technologies, SMEs often struggle to justify the expense, leading to a slower adoption rate in this segment of the market.

Data Privacy and Security Concerns

Data privacy and security concerns pose significant challenges to the Japan Smart Building market. For instance, a comprehensive survey conducted by the Japan Information Security Management Promotion Organization (JISMAP) revealed widespread apprehension among building owners and tenants regarding the potential risks associated with smart building technologies. The study found that a majority of respondents expressed concerns about the security of data collected and transmitted by smart building systems. Additionally, research by the National Institute of Information and Communications Technology (NICT) highlighted the increasing frequency and sophistication of cyber attacks targeting smart building infrastructure in Japan. The report emphasized the need for robust cybersecurity measures to protect against potential breaches and unauthorized access to sensitive building data. A government-sponsored study on smart city initiatives in Japan underscored the importance of addressing privacy concerns in smart buildings. The findings indicated that public trust in smart technologies is closely tied to perceptions of data security and privacy protection. The study also noted that stringent data protection regulations in Japan, while necessary, can sometimes impede the rapid deployment of certain smart building solutions.

Market Segmentation Analysis

By Solution Type

The Japan Smart Building market offers a range of solutions to enhance building efficiency and management. For instance, a survey by the Ministry of Land, Infrastructure, Transport and Tourism found that energy management systems were installed in over 60% of newly constructed large-scale buildings in Japan. Safety & Security Management solutions have seen increased adoption, with the Japan Security Systems Association reporting growth in integrated security system installations. Building Infrastructure Management solutions are gaining traction, particularly in commercial and public buildings. For example, Tokyo’s Mori Building Company has implemented advanced parking management systems in several of its properties. The adoption of Integrated Workplace Management Systems is rising, especially in corporate offices seeking to optimize space utilization. Network Management solutions are crucial, with the Japan Electronics and Information Technology Industries Association noting a trend towards wireless technologies in smart building applications. Government initiatives like the “Society 5.0” strategy are driving innovation in smart building technologies, encouraging companies to develop and implement cutting-edge solutions across various sectors.

By Service

The service segment of Japan’s Smart Building market is evolving to meet the sophisticated needs of building owners and operators. Consulting services are in high demand, with the Japan Facility Management Association reporting an increase in companies seeking expert guidance on smart building implementations. Major technology firms like Hitachi and NEC have expanded their smart building consulting divisions to meet this growing need. Implementation services are crucial, with the Building and Housing Center of Japan noting a rise in certified smart building integrators. Support & maintenance services are becoming increasingly important as the complexity of smart building systems grows. For example, Mitsubishi Electric has launched a dedicated smart building maintenance service, offering 24/7 remote monitoring and predictive maintenance. The Japanese government’s push for energy efficiency in buildings, as part of its commitment to reduce greenhouse gas emissions, has further stimulated demand for comprehensive smart building services across all phases of implementation and operation.

Segments

Based on solution

Safety & Security Management
Access Control System
Video Surveillance System
Fire and Life Safety System
Energy Management
HVAC Control System
Lighting Management System
Others (Data Management, Asset Performance Optimization, and Application Platform)
Building Infrastructure Management
Parking Management System
Water Management System
Others (Elevators and Escalators Management and Waste Management)
Integrated Workplace Management System (IWMS)
Real Estate Management
Capital Project Management
Facility Management
Operations and Services Management
Environment and Energy Management
Network Management
Wired Technology
Wireless Technology

Based on service

Consulting
Implementation
Support & Maintenance

Based on end use

Residential
Commercial
Healthcare
Retail
Academic
Industrial
Others (Hotels, Public Infrastructure, and Transport)

Based on region

Urban
Rural

Regional Analysis

Kanto Region (40%):

The Kanto region, home to the capital city Tokyo, holds the largest market share in the Japan Smart Building market, accounting for approximately 40% of the total market. For instance, a survey by the Tokyo Metropolitan Government revealed that over 70% of new commercial constructions in the city incorporated smart building technologies. The region’s leadership is further exemplified by initiatives like the “Tokyo Smart City” project, which aims to transform urban infrastructure. Major corporations headquartered in Kanto, such as Mitsubishi Electric and Hitachi, have been at the forefront of developing and implementing smart building solutions. The Japan Building Owners and Managers Association reported that buildings in Tokyo achieved significant energy savings through smart technologies, showcasing the region’s commitment to sustainable urban development.

Kansai Region (25%):

Following Kanto, the Kansai region, which includes Osaka, holds a substantial share of the market, approximately 25%. For example, the Osaka Smart City Strategy, launched by the local government, has spurred the adoption of smart building technologies across the region. A survey conducted by the Kansai Economic Federation found that a majority of large-scale construction projects in Osaka incorporated smart building elements. The region’s industrial heritage has facilitated the integration of smart technologies in manufacturing facilities. The Kansai Association for Real Estate Management reported a growing trend of retrofitting existing buildings with smart systems, particularly in energy management and security. This trend is supported by collaborations between local universities and tech companies in developing innovative smart building solutions.

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Key players

ABB Ltd.
BOSCH
Cisco Systems Inc.
Emerson Electric Co.
Hitachi, Ltd.
Honeywell International Inc.
INTEL Corporation
Johnson Controls
LG Electronics Inc.
Schneider Electric SE
Siemens
Legrand
Telit

Competitive Analysis

The Japan Smart Building market is highly competitive, with key players like ABB Ltd., Hitachi, Ltd., and Siemens leading the way through their extensive portfolios of innovative building technologies. These companies are known for their strong focus on integrating advanced solutions such as IoT, AI, and energy management systems into their offerings, catering to the growing demand for smart buildings. Companies like Honeywell International Inc., Johnson Controls, and Schneider Electric SE are also prominent in the market, leveraging their expertise in building automation and control systems to maintain a competitive edge. The presence of global technology giants like Cisco Systems Inc. and INTEL Corporation further intensifies competition, particularly in the areas of network management and data analytics. As the market evolves, strategic partnerships, technological innovation, and a focus on sustainability will be crucial for maintaining leadership in this dynamic and rapidly growing industry.

Recent Developments

In September 2024, Hitachi announced a new model of their BuilMirai building IoT solution for small and medium-sized buildings in Japan. The solution aims to improve building management efficiency, maintain operational quality, and enhance user comfort.

In June 2024, Honeywell completed the acquisition of Carrier Global Corporation’s Global Access Solutions business for $4.95 billion, which includes LenelS2, Onity, and Supra brands. This acquisition is expected to enhance Honeywell’s building automation capabilities globally, including in Japan.

In July 2023, Johnson Controls acquired FM:Systems, a digital workplace management and IoT solutions provider, for $455 million. This acquisition is aimed at expanding Johnson Controls’ OpenBlue digital buildings capabilities, which could impact their offerings in the Japanese market.

In July 2024, LG acquired an 80% stake in Athom, a smart home platform company based in the Netherlands. This acquisition is part of LG’s strategy to enhance connectivity within open smart home ecosystems and advance their AI-driven home innovation, which could influence their smart building offerings in Japan.

In June 2024, Schneider Electric launched a SMART Buildings Division in Canada, which could potentially lead to similar initiatives in other markets, including Japan. The division aims to provide comprehensive solutions for building owners to achieve decarbonization and sustainability goals.

In May 2024, ABB expanded its electrification portfolio by acquiring Siemens’ Wiring Accessories business in China. While not directly in Japan, this acquisition could potentially impact ABB’s smart building offerings in the Asian market, including Japan.

In August 2024, Emerson completed the sale of its remaining interests in the Copeland joint venture (formerly Emerson Climate Technologies). This divestiture could potentially affect Emerson’s smart building-related offerings in various markets, including Japan.

Market Concentration and Characteristics

The Japan Smart Building market is characterized by a moderate to high level of market concentration, with a few key players dominating the industry. Major companies such as Toshiba, Hitachi, and Panasonic lead the market, leveraging their extensive experience in technology and infrastructure development. These companies are driving innovation in smart building solutions, offering a wide range of products and services that cater to both commercial and residential sectors. The market is also marked by strategic partnerships and collaborations, as leading players work together to enhance their offerings and expand their market presence. Additionally, the market is distinguished by its strong focus on energy efficiency, safety, and the integration of advanced technologies such as IoT and AI, which are becoming standard features in smart buildings across Japan.

Report Coverage

The research report offers an in-depth analysis based on solution, service, end use and region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Japan Smart Building market is expected to witness continued growth, with increasing investments in smart technologies across residential, commercial, and industrial sectors, driven by the need for energy efficiency and sustainability.

The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) will deepen, leading to more sophisticated building management systems that enhance operational efficiency and reduce costs through predictive maintenance and real-time data analysis.

As Japan aims to modernize its aging building infrastructure, retrofitting existing structures with smart technologies will become a significant trend, offering opportunities for market growth and innovation in building solutions.

Government initiatives promoting smart cities and sustainability will continue to drive the market, with policies and subsidies encouraging the adoption of smart building technologies across various regions.

As smart buildings become more interconnected, the importance of robust cybersecurity measures will grow, with companies investing heavily in securing data and protecting systems from potential cyber threats.

The expansion of smart city projects in urban areas such as Tokyo and Osaka will fuel the demand for smart buildings, as these cities aim to integrate advanced technologies into urban planning and development.

The focus on sustainability will intensify, with smart buildings increasingly designed to reduce energy consumption, minimize carbon footprints, and comply with stringent environmental regulations.

The commercial and industrial sectors will see significant adoption of smart building technologies, driven by the need for enhanced operational efficiency, safety, and compliance with industry standards.

The market will witness the development of more innovative and customized solutions tailored to the specific needs of different building types, from residential complexes to large industrial facilities.

Strategic collaborations between technology providers, construction companies, and government entities will play a crucial role in driving the market forward, enabling the development of comprehensive smart building ecosystems.

CHAPTER NO. 1 : INTRODUCTION 15

1.1.1. Report Description 15

Purpose of the Report 15

USP & Key Offerings 15

1.1.2. Key Benefits for Stakeholders 15

1.1.3. Target Audience 16

1.1.4. Report Scope 16

CHAPTER NO. 2 : EXECUTIVE SUMMARY 17

2.1. Japan Smart Building Market Snapshot 17

2.1.1. Japan Smart Building Market, 2018, 2032 (USD Million) 19

CHAPTER NO. 3 : JAPAN SMART BUILDING MARKET – INDUSTRY ANALYSIS 20

3.1. Introduction 20

3.2. Market Drivers 21

3.2.1. Driving Factor 1 Analysis 21

3.2.2. Driving Factor 2 Analysis 22

3.3. Market Restraints 23

3.3.1. Restraining Factor Analysis 23

3.4. Market Opportunities 24

3.4.1. Market Opportunity Analysis 24

3.5. Porter’s Five Forces Analysis 25

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 26

4.1. Company Market Share Analysis – 2023 26

4.1.1. Japan Smart Building Market: Company Market Share, Based on Volume, 2023 26

4.1.2. Japan Smart Building Market: Company Market Share, Based on Revenue, 2023 27

4.1.3. Japan Smart Building Market: Top 6 Company Market Share, Based on Revenue, 2023 27

4.1.4. Japan Smart Building Market: Top 3 Company Market Share, Based on Revenue, 2023 28

4.2. Japan Smart Building Market Company Revenue Market Share, 2023 29

4.3. Company Assessment Metrics, 2023 30

4.3.1. Stars 30

4.3.2. Emerging Leaders 30

4.3.3. Pervasive Players 30

4.3.4. Participants 30

4.4. Start-ups /SMEs Assessment Metrics, 2023 30

4.4.1. Progressive Companies 30

4.4.2. Responsive Companies 30

4.4.3. Dynamic Companies 30

4.4.4. Starting Blocks 30

4.5. Strategic Developments 31

4.5.1. Acquisitions & Mergers 31

New Product Launch 31

Japan Expansion 31

4.6. Key Players Product Matrix 32

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 33

5.1. PESTEL 33

5.1.1. Political Factors 33

5.1.2. Economic Factors 33

5.1.3. Social Factors 33

5.1.4. Technological Factors 33

5.1.5. Environmental Factors 33

5.1.6. Legal Factors 33

5.2. Adjacent Market Analysis 33

CHAPTER NO. 6 : JAPAN SMART BUILDING MARKET – BASED ON SOLUTION SEGMENT ANALYSIS 34

6.1. Japan Smart Building Market Overview, Based on Solution Segment 34

6.1.1. Japan Smart Building Market Revenue Share, Based on Solution, 2023 & 2032 35

6.1.2. Japan Smart Building Market Attractiveness Analysis, Based on Solution 36

6.1.3. Incremental Revenue Growth Opportunity, Based on Solution, 2024, 2032 36

6.1.4. Japan Smart Building Market Revenue, Based on Solution, 2018, 2023, 2027 & 2032 37

6.2. Safety & Security Management 38

6.2.1. Access Control System 38

6.2.2. Video Surveillance System 39

6.2.3. Fire and Life Safety System 39

6.3. Energy Management 40

6.3.1. HVAC Control System 40

6.3.2. Lighting Management System 41

6.3.3. Others (Data Management, Asset Performance Optimization, and Application Platform) 41

6.4. Building Infrastructure Management 42

6.4.1. Parking Management System 42

6.4.2. Water Management System 43

6.4.3. Others (Elevators and Escalators Management and Waste Management) 43

6.5. Integrated Workplace Management System (IWMS) 44

6.5.1. Real Estate Management 44

6.5.2. Capital Project Management 45

6.5.3. Facility Management 45

6.5.4. Operations and Services Management 46

6.5.5. Environment and Energy Management 46

6.6. Network Management 47

6.6.1. Wired Technology 47

6.6.2. Wireless Technology 48

CHAPTER NO. 7 : JAPAN SMART BUILDING MARKET – BASED ON SERVICE SEGMENT ANALYSIS 49

7.1. Japan Smart Building Market Overview, Based on Service Segment 49

7.1.1. Japan Smart Building Market Revenue Share, Based on Service, 2023 & 2032 50

7.1.2. Japan Smart Building Market Attractiveness Analysis, Based on Service 51

7.1.3. Incremental Revenue Growth Opportunity, Based on Service, 2024, 2032 51

7.1.4. Japan Smart Building Market Revenue, Based on Service, 2018, 2023, 2027 & 2032 52

7.2. Consulting 53

7.3. Implementation 54

7.4. Support & Maintenance 55

CHAPTER NO. 8 : JAPAN SMART BUILDING MARKET – BASED ON END-USE SEGMENT ANALYSIS 56

8.1. Japan Smart Building Market Overview, Based on End-use Segment 56

8.1.1. Japan Smart Building Market Revenue Share, Based on End-use , 2023 & 2032 57

8.1.2. Japan Smart Building Market Attractiveness Analysis, Based on End-use 58

8.1.3. Incremental Revenue Growth Opportunity, Based on End-use , 2024, 2032 58

8.1.4. Japan Smart Building Market Revenue, Based on End-use , 2018, 2023, 2027 & 2032 59

8.2. Residential 60

8.3. Commercial 61

8.3.1. Healthcare 61

8.3.2. Retail 62

8.3.3. Academic 62

8.4. Industrial 63

8.5. Others (Hotels, Public Infrastructure, and Transport) 64

CHAPTER NO. 9 : JAPAN SMART BUILDING MARKET – JAPAN ANALYSIS 65

9.1. Solution 65

9.1.1. Japan Smart Building Market Revenue, Based on Solution, 2018, 2023 (USD Million) 65

9.1.2. Japan Smart Building Market Revenue, Based on Solution, 2024, 2032 (USD Million) 65

9.2. Service 66

9.2.1. Japan Smart Building Market Revenue, Based on Service, 2018, 2023 (USD Million) 66

9.2.2. Japan Smart Building Market Revenue, Based on Service, 2024, 2032 (USD Million) 66

9.3. End-use 67

9.3.1. Japan Smart Building Market Revenue, Based on End-use, 2018, 2023 (USD Million) 67

9.3.2. Japan Smart Building Market Revenue, Based on End-use, 2024, 2032 (USD Million) 67

CHAPTER NO. 10 : COMPANY PROFILES 68

10.1. ABB Ltd. 68

10.1.1. Company Overview 68

10.1.2. Product Portfolio 68

10.1.3. Swot Analysis 68

10.1.4. Business Strategy 69

10.1.5. Financial Overview 69

10.2. BOSCH 70

10.3. Cisco Systems Inc 70

10.4. Emerson Electric Co 70

10.5. Hitachi, Ltd. 70

10.6. Honeywell International Inc 70

10.7. INTEL Corporation 70

10.8. Johnson Controls 70

10.9. LG Electronics Inc 70

10.10. Schneider Electric SE 70

10.11. Siemens 70

10.12. Legrand 70

10.13. Telit 70

CHAPTER NO. 11 : RESEARCH METHODOLOGY 71

11.1. Research Methodology 71

11.1.1. Phase I, Secondary Research 72

11.1.2. Phase II, Data Modeling 72

Company Share Analysis Model 73

Revenue Based Modeling 73

11.1.3. Phase III, Primary Research 74

11.1.4. Research Limitations 75

Assumptions 75

List of Figures

FIG NO. 1. Japan Smart Building Market Revenue, 2018, 2032 (USD Million) 18

FIG NO. 2. Porter’s Five Forces Analysis for Japan Smart Building Market 24

FIG NO. 3. Company Share Analysis, 2023 25

FIG NO. 4. Company Share Analysis, 2023 26

FIG NO. 5. Company Share Analysis, 2023 26

FIG NO. 6. Company Share Analysis, 2023 27

FIG NO. 7. Japan Smart Building Market – Company Revenue Market Share, 2023 28

FIG NO. 8. Japan Smart Building Market Revenue Share, Based on Solution, 2023 & 2032 34

FIG NO. 9. Market Attractiveness Analysis, Based on Solution 35

FIG NO. 10. Incremental Revenue Growth Opportunity Based on Solution, 2024, 2032 35

FIG NO. 11. Japan Smart Building Market Revenue, Based on Solution, 2018, 2023, 2027 & 2032 36

FIG NO. 12. Japan Smart Building Market for Safety & Security Management, Revenue (USD Million) 2018, 2032 37

FIG NO. 13. Japan Smart Building Market for Access Control System, Revenue (USD Million) 2018, 2032 37

FIG NO. 14. Japan Smart Building Market for Video Surveillance System, Revenue (USD Million) 2018, 2032 38

FIG NO. 15. Japan Smart Building Market for Fire and Life Safety System, Revenue (USD Million) 2018, 2032 38

FIG NO. 16. Japan Smart Building Market for Energy Management, Revenue (USD Million) 2018, 2032 39

FIG NO. 17. Japan Smart Building Market for HVAC Control System, Revenue (USD Million) 2018, 2032 39

FIG NO. 18. Japan Smart Building Market for Lighting Management System, Revenue (USD Million) 2018, 2032 40

FIG NO. 19. Japan Smart Building Market for Others (Data Management, Asset Performance Optimization, and Application Platform), Revenue (USD Million) 2018, 2032 40

FIG NO. 20. Japan Smart Building Market for Building Infrastructure Management, Revenue (USD Million) 2018, 2032 41

FIG NO. 21. Japan Smart Building Market for Parking Management System, Revenue (USD Million) 2018, 2032 41

FIG NO. 22. Japan Smart Building Market for Water Management System, Revenue (USD Million) 2018, 2032 42

FIG NO. 23. Japan Smart Building Market for Others (Elevators and Escalators Management and Waste Management), Revenue (USD Million) 2018, 2032 42

FIG NO. 24. Japan Smart Building Market for Integrated Workplace Management System (IWMS), Revenue (USD Million) 2018, 2032 43

FIG NO. 25. Japan Smart Building Market for Real Estate Management, Revenue (USD Million) 2018, 2032 43

FIG NO. 26. Japan Smart Building Market for Capital Project Management, Revenue (USD Million) 2018, 2032 44

FIG NO. 27. Japan Smart Building Market for Facility Management, Revenue (USD Million) 2018, 2032 44

FIG NO. 28. Japan Smart Building Market for Operations and Services Management, Revenue (USD Million) 2018, 2032 45

FIG NO. 29. Japan Smart Building Market for Environment and Energy Management, Revenue (USD Million) 2018, 2032 45

FIG NO. 30. Japan Smart Building Market for Network Management, Revenue (USD Million) 2018, 2032 46

FIG NO. 31. Japan Smart Building Market for Wired Technology, Revenue (USD Million) 2018, 2032 46

FIG NO. 32. Japan Smart Building Market for Wireless Technology, Revenue (USD Million) 2018, 2032 47

FIG NO. 33. Japan Smart Building Market Revenue Share, Based on Service, 2023 & 2032 49

FIG NO. 34. Market Attractiveness Analysis, Based on Service 50

FIG NO. 35. Incremental Revenue Growth Opportunity Based on Service, 2024, 2032 50

FIG NO. 36. Japan Smart Building Market Revenue, Based on Service, 2018, 2023, 2027 & 2032 51

FIG NO. 37. Japan Smart Building Market for Consulting, Revenue (USD Million) 2018, 2032 52

FIG NO. 38. Japan Smart Building Market for Implementation, Revenue (USD Million) 2018, 2032 53

FIG NO. 39. Japan Smart Building Market for Support & Maintenance, Revenue (USD Million) 2018, 2032 54

FIG NO. 40. Japan Smart Building Market Revenue Share, Based on End-use , 2023 & 2032 56

FIG NO. 41. Market Attractiveness Analysis, Based on End-use 57

FIG NO. 42. Incremental Revenue Growth Opportunity Based on End-use , 2024, 2032 57

FIG NO. 43. Japan Smart Building Market Revenue, Based on End-use , 2018, 2023, 2027 & 2032 58

FIG NO. 44. Japan Smart Building Market for Residential, Revenue (USD Million) 2018, 2032 59

FIG NO. 45. Japan Smart Building Market for Commercial, Revenue (USD Million) 2018, 2032 60

FIG NO. 46. Japan Smart Building Market for Healthcare, Revenue (USD Million) 2018, 2032 60

FIG NO. 47. Japan Smart Building Market for Retail, Revenue (USD Million) 2018, 2032 61

FIG NO. 48. Japan Smart Building Market for Academic, Revenue (USD Million) 2018, 2032 61

FIG NO. 49. Japan Smart Building Market for Industrial, Revenue (USD Million) 2018, 2032 62

FIG NO. 50. Japan Smart Building Market for Others (Hotels, Public Infrastructure, and Transport), Revenue (USD Million) 2018, 2032 63

FIG NO. 51. Research Methodology – Detailed View 70

FIG NO. 52. Research Methodology 71

List of Tables

TABLE NO. 1. : Japan Smart Building Market: Snapshot 16

TABLE NO. 2. : Drivers for the Japan Smart Building Market: Impact Analysis 20

TABLE NO. 3. : Restraints for the Japan Smart Building Market: Impact Analysis 22

TABLE NO. 4. : Japan Smart Building Market Revenue, Based on Solution, 2018, 2023 (USD Million) 64

TABLE NO. 5. : Japan Smart Building Market Revenue, Based on Solution, 2024, 2032 (USD Million) 64

TABLE NO. 6. : Japan Smart Building Market Revenue, Based on Service, 2018, 2023 (USD Million) 65

TABLE NO. 7. : Japan Smart Building Market Revenue, Based on Service, 2024, 2032 (USD Million) 65

TABLE NO. 8. : Japan Smart Building Market Revenue, Based on End-use, 2018, 2023 (USD Million) 66

TABLE NO. 9. : Japan Smart Building Market Revenue, Based on End-use, 2024, 2032 (USD Million) 66

Frequently Asked Questions

What is the growth projection for the Japan Smart Building market?

The Japan Smart Building market is projected to grow from USD 7,543.10 million in 2023 to an estimated USD 17,071.71 million by 2032, with a CAGR of 9.50%.

What are the key drivers of the Japan Smart Building market?

Key drivers include the rising demand for energy-efficient structures, advancements in IoT and AI technologies, and government initiatives promoting smart infrastructure.

Which regions in Japan are leading in smart building adoption?

The Kanto region, including Tokyo, leads in adoption, holding approximately 40% of the market, followed by the Kansai region with 25% market share.

Who are the major players in the Japan Smart Building market?

Major players include ABB Ltd., Hitachi, Ltd., Siemens, Honeywell International Inc., and Schneider Electric SE, among others, driving innovation and market growth.

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