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 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).

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