Global Smart Buildings (Nonresidential Buildings) Market 2025–2029: Competitive Insights and Opportunities
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What Is The Expected Total Market Size Of The Smart Buildings (Nonresidential Buildings) Industry By The Forecast Year 2029?
The valuation of the smart buildings sector, specifically nonresidential structures, has experienced significant acceleration lately, projecting an expansion from $69.94 billion in 2024 to $77.67 billion by 2025, reflecting an 11.1% compound annual growth rate. Key factors driving this expansion during the historical period included robust economic expansion witnessed in developing economies, the prevalence of low interest rates, rising levels of internet access, supportive governmental policies, and advancements in technology.
Expansions are projected for the smart buildings sector, specifically within the nonresidential segment, over the coming years.This market is anticipated to reach a valuation of 125.7 billion dollars by 2029, fueled by a compounded annual growth rate of 12.8%.This upward trajectory during the projection span is fundamentally driven by escalating urban density, the expanding influence of the Internet of Things (IoT) in creating intelligent urban environments, and surging overall market requirements.Key developments shaping this period involve the integration of artificial intelligence and robotics to aid construction processes, the leveraging of predictive analytics to refine hazard assessments and lower manufacturing expenditures, and the implementation of IoT frameworks aimed at boosting operational effectiveness.Furthermore, substantial investment is being directed toward security systems designed to protect users, the deployment of smart switches and displays to furnish users with an unproblematic interaction, the embrace of sustainable building practices and energy-saving methodologies for the creation of eco-conscious nonresidential smart structures, the incorporation of vegetated or living roofs to amplify the performance of these green edifices, and the installation of low-emissivity glazing or intelligent glass to optimize the functionality of commercial green spaces.
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What Are The Main Drivers Boosting The Smart Buildings (Nonresidential Buildings) Industry’s Expansion?
The advancement of the non-residential smart building sector is fueled primarily by a growing need to automate various operations through the implementation of Internet of Things (IoT) technologies. This IoT framework facilitates the exchange of information across a connected mesh of meters, appliances, sensors, and other apparatus installed within these structures; these connected components serve to enhance the overall efficiency, boost sustainability, and improve security by optimizing appliance performance. To illustrate, specific IoT sensors possess the capability to autonomously manage lighting based on occupancy detection, thereby conferring a unique operational characteristic upon the smart building environment. Consequently, the expanding integration of IoT solutions significantly propels the expansion of the smart building marketplace. A concrete illustration of this trend is the projected escalation in the quantity of linked devices within the commercial smart building segment, which is anticipated to surge from $1.7$ billion units present in $2020$ to around $3$ billion by $2025$, signifying a compound annual growth rate of $10.8$ percent, thereby confirming that intensified IoT deployment within non-residential buildings is a key driver of market growth.
How Is The Smart Buildings (Nonresidential Buildings) Market Segmented?
The smart buildings (nonresidential buildings) market covered in this report is segmented –
1) By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System
2) By Product Type: Institutional Buildings, Commercial Buildings
3) By Type: New Constructions, Remodeling Projects
4) By Application: Government, Airports, Hospitals, Institutes Manufacturing & Industrial facilities, Other Applications
Subsegments:
1) By Intelligent Security System: Access Control Systems, Video Surveillance Systems, Intrusion Detection Systems
2) By Building Energy Management System (BEMS): HVAC Control Systems, Lighting Control Systems, Energy Monitoring and Optimization Tools
3) By Infrastructure Management System: Facility Management Software, Asset Tracking and Management Tools, Maintenance Management Systems
4) By Network Management System: Network Monitoring and Performance Management, Data Center Management Tools, Cloud-Based Management Solutions
What Are The Major Trends Driving The Growth Of The Smart Buildings (Nonresidential Buildings) Market?
Embracing 5G technology is currently the leading movement within the non-residential smart building sector. This next-generation cellular advancement is set to dramatically cut down the latency period for device-to-device communication across wireless infrastructures. Integrating 5G into these structures promises significant boosts to the deployment of wireless edge equipment, facilitating immersive multimedia capabilities, alongside strengthening security verification processes for commercial premises. Specifically within healthcare settings, 5G integration is projected to offer superior navigation assistance, allowing automated mobility aids like smart beds and wheelchairs to transport patients with limited mobility. Significant financial commitment is anticipated from telecommunications companies, with projections showing investments exceeding $600 billion in their 5G infrastructure between 2022 and 2025. Furthermore, an entity is contributing through the production of sophisticated antenna system radios, which are crucial for quick 5G rollouts. Overall, the expectation is that 5G integration will substantially uplift connectivity performance in smart buildings, establishing a clear trend marked by substantial financial backing from key stakeholders in this building segment.
Which Global Market Leaders Are Shaping The Future Of The Smart Buildings (Nonresidential Buildings) Sector?
Major companies operating in the smart buildings (nonresidential buildings) market include China State Construction Engineering Co., Ltd., VINCI, Bechtel Corporation, Skanska AB, Turner Construction Company, Jacobs Engineering Group Inc., The Whiting-Turner Contracting Company, PCL Construction, AECOM, BESIX Group, Shanghai Construction Group (SCG), SGS Group, Larsen & Toubro, GMR Group, Hindustan Construction Company, GVK Group, Kajima Corporation, Shimizu Corporation, Shanghai Intelligent Building Technology (SIBT), Obayashi Corporation, Taisei Corporation, Balfour Beatty, Bouygues, Royal BAM Group, Laing O`Rourke, ACS Group, EllisDon Corporation, Aecon Group Incorporated, Ledcor Group of Companies, Gilbane Building Company, Empresas ICA SAB de CV, Carso Infraestructura y Construcción S.A.B., Clark Group, Swinerton, Hensel Phelps, Lendlease, Arabian Construction Company, WBHO Construction (Pty) Ltd., Stefanutti Stocks (Pty) Ltd, WK construction, Redcon Construction Company, Estim Construction Co. Ltd, Eco-Beam, Ecomo, TSAI design studio
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Which Region Is Expected To Witness The Fastest Growth In The Smart Buildings (Nonresidential Buildings) Market?
Asia-Pacific was the largest region in the smart buildings (non-residential buildings) market in 2024. South America is expected to be the fastest-growing region in the global smart buildings (nonresidential buildings) market during the forecast period. The regions covered in the smart buildings (nonresidential buildings) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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