The Global Smart Buildings (Nonresidential Buildings) Market Report by The Business Research Company covers nonresidential smart buildings market drivers and restraints, nonresidential smart buildings market size, major players, and the impact of COVID-19 on the nonresidential smart buildings market.

The smart buildings (nonresidential buildings) market consists of sales of nonresidential smart buildings by entities (organizations, sole traders and partnerships) which are involved in the construction of nonresidential smart buildings and related services. Smart buildings have automated processes and increase the operational efficiency of non-residential buildings, including those used for commercial and industrial purposes.

The global nonresidential smart buildings market reached a value of nearly $36.42 billion in 2020, having increased at a compound annual growth rate (CAGR) of 0.5% since 2015. The market is expected to grow from $36.42 billion in 2020 to $59.30 billion in 2025 at a rate of 10.2%. The market is then expected to grow at a CAGR of 8% from 2025 and reach $87.25 billion in 2030.

Economic growth and a rapidly growing urban population are expected to increase the demand for new smart buildings (nonresidential buildings) during the forecast period.

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Some nonresidential smart buildings market trends include increasing popularity of artificial intelligence and robotics in the construction industry including smart building construction to reduce labor costs, capture data and analyze information, eliminate human error and inconsistency, and provide quality results and use of predictive analytics to improve risk management.

Global smart buildings (nonresidential buildings) market segments include:

1) By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System

2) By Application: Government, Airports, Hospitals, Institutes Manufacturing & Industrial Facilities, Others

3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Smart Buildings (Nonresidential Buildings) Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides smart buildings (nonresidential buildings) market overviews, analyzes and forecasts market size, share, smart buildings (nonresidential buildings) market players, smart buildings (nonresidential buildings) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The smart buildings (nonresidential buildings) identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Smart Buildings (Nonresidential Buildings) Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: PCl Construction, Skanska, Arabian Construction Company, Besix, Spire Realty Group, Lendlease, Vinci, Bechtel, Balfourbeatty, Bouygues, The Royal BAM Group, Laing O’Rourke, China State Construction Engineering, L&T Construction, Turner Construction Company, Grupoacs, Hochtief, Bouygues Construction.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Smart Buildings (Nonresidential Buildings) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Smart Buildings (Nonresidential Buildings) Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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