Comprehensive Smart Buildings (Nonresidential Buildings) Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

Which drivers are expected to have the greatest impact on the over the smart buildings (nonresidential buildings) market's growth?
The increasing demand to automate tasks using Internet of Things (IoT) devices is a key driving factor for the smart building (non-residential) market. IoT is characterized by the transmission and reception of data through a network of sensors, appliances, meters and other devices, all incorporated in a smart building. By enhancing appliance efficiency, IoT-enabled sensors and devices make a smart building more efficient, sustainable, and safe. For instance, some of these sensors can automatically switch the lights on and off, or detect presence in a room, thereby adding a unique feature to the smart building. Consequently, increased utilization of IoT technology propels the smart building market growth. Take for instance the commercial smart building sector, where the installed base of connected devices is forecasted to grow from 1.7 billion in 2020 to nearly 3 billion by 2025, a compound annual growth rate (CAGR) of 10.8%. Hence, the growing application of IoT devices in smart buildings stimulates the expansion of the smart building (non-residential) market.

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What is the future CAGR of the smart buildings (nonresidential buildings) market, and how will it impact industry expansion?
In recent times, there has been a swift expansion in the market size of smart buildings (nonresidential buildings). The market, which was valued at $69.94 billion in 2024, is projected to escalate to $78.15 billion in 2025, representing a compound annual growth rate (CAGR) of 11.7%. Factors contributing to this growth during the historic period include robust economic advancements in emerging markets, a low-interest rate environment, enhanced internet penetration, supportive government policies, and technological progression.

In the coming years, the market size of smart buildings (nonresidential buildings) is anticipated to surge significantly, reaching $127.62 billion in 2029 with a compound annual growth rate (CAGR) of 13.0%. The predicted growth in the forecast period is due to factors such as escalating urbanization, the rise of IoT in shaping smart cities, and the soaring demand. Trends to watch for in the forecast period consist of the incorporation of artificial intelligence and robotics in construction processes, the use of predictive analytics to boost risk scans and curtail manufacturing costs, the adoption of IoT technologies to enhance operational productivity, investment in security measures to protect customers, the use of smart switches and displays for an unblemished user experience, the application of green construction and energy-efficient methods to create eco-friendly smart nonresidential buildings, installation of living or green rooftops to boost the efficacy of the green buildings, and the implementation of low-emittance windows or smart glasses for the improved operation of green commercial areas.

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How are the latest trends influencing the growth of the smart buildings (nonresidential buildings) market?
5G technology deployment in smart building (non-residential) market forms the latest tendency. As the next-generation cellular technology, 5G significantly shortens the communication time between devices on a wireless network. Its incorporation in smart buildings is predicted to notably expand the use of wireless edge devices, contributing to abundant multimedia experiences. Besides enhancing security check solutions for commercial structures, it's also forecasted to improve wayfinding in smart hospital buildings, fostering movement of immobile patients via smart wheelchairs and beds. In the span from 2022 to 2025, mobile operators will likely channel over $600 billion into their 5G networks. Factories are manufacturing advanced antenna system radios to expedite 5G deployments. As 5G is set to boost connectivity in smart buildings, it's emerging as a trend drawing substantial financial investments from significant stakeholders in the smart building (non-residential) market.

Which key market segments comprise the smart buildings (nonresidential buildings) market and drive its revenue growth?
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

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What regions are at the forefront of smart buildings (nonresidential buildings) market expansion?
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

Who are the leading players fueling growth in the smart buildings (nonresidential buildings) market?
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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What Is Covered In The Smart Buildings (Nonresidential Buildings) Global Market Report?

• Market Size Forecast: Examine the smart buildings (nonresidential buildings) market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the smart buildings (nonresidential buildings) market for a structured understanding.
• Key Players Overview: Analyze major players in the smart buildings (nonresidential buildings) market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart buildings (nonresidential buildings) market.
• Segment Contributions: Evaluate how different segments drive overall growth in the smart buildings (nonresidential buildings) market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart buildings (nonresidential buildings) market.
• Industry Challenges: Identify potential risks and obstacles affecting the smart buildings (nonresidential buildings) market.
• Competitive Landscape: Review strategic developments in the smart buildings (nonresidential buildings) market, including expansions, agreements, and new product launches.

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