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Economic growth and a rapidly growing urban population is expected to increase the demand for new smart buildings (nonresidential buildings) during the forecast period, as per The Business Research Company’s smart buildings (nonresidential buildings) market opportunities and strategies report.

The smart buildings (nonresidential buildings) 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.

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Major players in the smart buildings (nonresidential buildings) market include China State Construction Engineering Co., Ltd., VINCI, Bechtel Corporation, Skanska AB, Turner Construction Company.

Artificial intelligence and robotics are becoming popular 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. Artificial Intelligence (AI) uses computers to model the natural intelligence of humans in computer-controlled robots, and machine learning to solve problems and execute tasks. AI-enabled robots aid in performing construction activities, inspecting quality, tracking progress, real-time monitoring of heavy equipment, proactively alerting the operator when there is a system breakdown or malfunction, and increasing safety.

The global smart buildings (nonresidential buildings) market is segmented:
By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System

By Application: Government, Airports, Hospitals, Manufacturing Establishments, Others

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

TBRC’s smart buildings (nonresidential buildings) market report covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

The Smart Buildings (Nonresidential Buildings) Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough smart buildings (nonresidential buildings) market research, analyzes and forecasts smart buildings (nonresidential buildings) market size, smart buildings (nonresidential buildings) market share, smart buildings (nonresidential buildings) market players, smart buildings (nonresidential buildings) market trends, smart buildings (nonresidential buildings) market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart buildings (nonresidential buildings) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The smart buildings (nonresidential buildings) market consists of sales of smart buildings (nonresidential 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.

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