Press release
Smart Buildings (Nonresidential Buildings) Market: Exponential Growth To $127.62 Billion By 2029 At CAGR Of 13.0%
Smart Buildings (Nonresidential Buildings) Market
What is the projected market size of the global Smart Buildings (Nonresidential Buildings) Market and its growth rate?
The Smart Buildings (Nonresidential Buildings) Market has witnessed significant growth due to favorable economic conditions, emerging technology, and some other factors.
•2024 Market Size: $69.94 billion
•2025 Market Size: $78.15 billion (11.7% CAGR)
•2029 Market Size: $127.62 billion (13.0% CAGR)
This growth can be attributed to robust economic expansion, improved internet penetration, Government Initiatives, and technological advancements.
What is driving the growth in the Smart Buildings (Nonresidential Buildings) Market?
The growth of the Smart Buildings (Nonresidential Buildings) Market can primarily be attributed to the increasing adoption of IoT. The integration of IoT in smart buildings has led to the automation of tasks and improved efficiency, safety, and sustainability of these buildings. For example, IoT-enabled sensors in smart buildings can detect presence and control lights automatically, enhancing the building's overall efficiency. The installed base of connected devices in the commercial smart building is expected to increase from 1.7 billion in 2020 to about 3 billion by 2025, showcasing a 10.8% CAGR. This surge in the use of IoT devices is expected to accelerate the growth of the Smart Buildings (Nonresidential Buildings) Market.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=5482&type=smp
Who are the key players driving Smart Buildings (Nonresidential Buildings) Market growth?
Major players contributing to the smart buildings market's growth include:
•China State Construction Engineering Co., Ltd.
•VINCI
•Bechtel Corporation
•Skanska AB
•Turner Construction Company
•Jacobs Engineering Group Inc.
•The Whiting-Turner Contracting Company
What are the key trends in the Smart Buildings (Nonresidential Buildings) Market?
Key trends shaping the market:
•Adoption of AI and robotics in construction activities
•Utilization of predictive analytics for risk analysis
•Adoption of IoT technologies to enhance operational efficiency
•Investments in security solutions and smart switches for a seamless user experience
•Adoption of green construction strategies for the development of eco-friendly buildings
What are the segments of the Global Smart Buildings (Nonresidential Buildings) Market?
The Smart Buildings (Nonresidential Buildings) Market is segmented as below:
• By Automation Type: Intelligent Security System, Building Energy Management System, Infrastructure Management System, Network Management System
• By Product Type: Institutional Buildings, Commercial Buildings
• By Type: New Constructions, Remodeling Projects
• By Application: Government, Airports, Hospitals, Institutes Manufacturing & Industrial facilities, Other Applications
Which region leads the Smart Buildings (Nonresidential Buildings) Market?
Asia-Pacific was the largest region in the global Smart Buildings (Nonresidential Buildings) Market in 2024 and South America is projected to be the fastest-growing region during the forecast period. The report covers all major regions including North America, Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-book the Report for swift delivery: https://www.thebusinessresearchcompany.com/report/smart-buildings-nonresidential-buildings-global-market-report
What Is Covered In The Smart Buildings (Nonresidential Buildings) Market Global Market Report?
- Market Size Analysis: Analyze the Smart Buildings (Nonresidential Buildings) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Buildings (Nonresidential Buildings) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Buildings (Nonresidential Buildings) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Buildings (Nonresidential Buildings) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/customise?id=5482&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Buildings (Nonresidential Buildings) Market: Exponential Growth To $127.62 Billion By 2029 At CAGR Of 13.0% here
News-ID: 3838575 • Views: …
More Releases from The Business Research Company
Segmentation, Major Trends, and Competitive Overview of the Space Resource Utili …
The exploration and utilization of space resources is rapidly evolving into a promising sector with vast potential for growth and innovation. As technology advances and partnerships form, the industry is set to transform how humanity accesses and uses materials beyond Earth, paving the way for sustainable off-world operations and broader space exploration.
Projected Market Growth for Space Resource Utilization
The space resource utilization industry is anticipated to experience significant expansion over…
Market Trend Analysis: The Impact of Recent Advances on the Space Law Enforcemen …
The growing complexity and activity in outer space have brought increased attention to the need for effective space law enforcement. As the number of satellites and space missions rises, managing space traffic and ensuring compliance with regulations becomes critical. This overview explores the future outlook, driving factors, major players, and structural breakdown of the space law enforcement market as it progresses toward 2030.
Expected Growth Trajectory of the Space Law Enforcement…
Market Structure, Emerging Trends, and Key Player Analysis in Space Elevator Ope …
The concept of space elevators is rapidly moving from science fiction to a tangible future technology, promising revolutionary changes in how we access and utilize space. As interest and investment in this area grow, the market for space elevator operations is set to expand significantly. Below is an overview of the forecasted market size, key players, emerging trends, and the segmentation of this exciting industry.
Projected Market Growth of Space Elevator…
Competitive Analysis: Leading Companies and New Entrants in the Space Currency a …
The emerging space currency and economy sector is poised for remarkable expansion as humanity's ventures beyond Earth gain momentum. With innovations in financial technologies tailored for the unique challenges of space commerce, this market is set to transform how transactions and economic activities unfold across orbital and interplanetary environments. Let's explore the projected growth, key players, market drivers, evolving trends, and the detailed segmentation shaping this futuristic industry.
Projected Market Size…
More Releases for Building
U.S. Pre-engineered Metal Building Market Set for Explosive Growth| Star Buildin …
Archive Market Research published a new research publication on "U.S. Pre-engineered Metal Building Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the U.S. Pre-engineered Metal Building market was mainly driven by the increasing R&D spending across the world. Some of the key players…
Wireless Building Management System Know Your Building™
The world's most comprehensive Wireless Building Management System revolutionizing how we monitor, manage and monetise the real estate industry. It is an interplay of Hardware & Software.
Know Your Building™ is the progression of traditional building management and automation systems into an informative system. Using Know Your Building™ every kind of stakeholder in a building can derive value, from every point of a building like never before.
3rd Floor, Wework Chromium, Jogeshwari…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global ABS Sensor Market report is a concise study which extensively covers all the market statistics of ABS Sensor Industry. All the business trends, product portfolio, business tactics, and ABS Sensor industry landscape view is explained. The comprehensive research methodology and verified data sources will lead to data accuracy, authenticity, and reliability. The statistical data and ABS Sensor industry verticals presented in this report will lead to informed decision making.
The…
Global Building Automation & Control Systems (BACS) Market 2019 – ABB, Honeywe …
Global Building Automation & Control Systems (BACS) Market report include current market scenario and offers a comprehensive analysis on Building Automation & Control Systems (BACS)industry, standing on the readers’ perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after…
Building Automation & Control System Market Insights and Forecast to 2025 | Hone …
Recent research and the current scenario as well as future market potential of "Global Building Automation & Control System Market Insights, Forecast to 2025" globally.
This report presents the worldwide Building Automation & Control System market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers,…
BUILDING SYSTEMS INTEGRATION AND BUILDING INTREGRATED SOLAR SYSTEMS
Optimizing energy performance in buildings requires an integrated approach to building systems design, analysis and implementation. Building-integrated Solar Systems (BISS) is an increasingly popular approach for using the building skin as a means to harvest solar energy.
More recent techniques involve systems of lighting, lighting controls, sensors and shading devices all integrated with the building skin, and in turn integrated with the building HVAC systems. Such design strategies can reduce heat…
