MEDIA RELEASE
New Research on Smart Building Trends & Technology Adoption
November 8, 2024 — A key driver for adopting smart building technologies is the desire to improve both financial and environmental efficiency, according to new research by the Association for Smart Homes & Buildings (ASHB).
Funded by ASHB members, shaped through the contributions of 43 Steering Members, and carried out by Harbor Research, the “2024 Smart Home Trends & Technology Adoption” report includes feedback from 308 owners, operators, and managers of buildings across the United States (78%) and Canada (22%) about the perceptions, preferences, and challenges influencing the adoption of smart building technologies.
The research provides insight across technologies, building types, sectors, and buyer roles, helping smart tech vendors plan product and marketing strategies.
Another highlight of the report is that while most smart building tech adopters still use routine and corrective maintenance, most of them also have some form of advanced data connectivity that could lay the foundation for more advanced and valuable predictive or condition-based maintenance.
“Despite concerns about cost, implementation, integration, and data privacy, perceptions of these technologies are generally positive, underpinned by their proven track record,” said ASHB CEO Greg Walker.
The research was funded by ASHB members Belimo, CyberPower Systems, Daikin Applied Americas, Delta Controls, Distech Controls, DwyerOmega, EBTRON, Functional Devices, Honeywell, Johnson Controls, Northwest Energy Efficiency Alliance (NEEA), Schneider Electric, Siemens Industry, Southwire Company, Superior Essex Communications, and Trane Technologies.
An executive summary is available for download here. The full project is currently only available to the funding organizations but will be available to the public for purchase in the ASHB Shop following a four-month embargo period. Contact [email protected] for more information.
The full research project, valued at $80,000 US, contains infographics, a smart building survey report and raw data, Quarterly Market Tracking Reports, a Market Sizing Model, and two Configured Research Projects (Data Analytics & Predictive Maintenance and Building-as-a-Service).
About ASHB
ASHB is an international not-for-profit industry association dedicated to the advancement of connected home and intelligent building technologies. The organization is supported by an international membership of over 300 organizations involved in designing, manufacturing, installing, and retailing products relating to integrated home and building technology. Public organizations, including utilities and governments, are also members. ASHB’s mandate includes providing its members with networking and market research opportunities. ASHB also encourages the development of industry standards and protocols while leading cross-industry initiatives. More information is available at www.ashb.com.
Media Contacts
Association for Smarter Homes & Buildings (ASHB)
Marta Klopotowska, Manager, Programs and Communication
[email protected]
