Emerging Growth Patterns Driving Expansion in the Smart Buildings (Nonresidential Buildings) Market

The landscape of smart buildings in the nonresidential sector is undergoing significant transformation as technological advancements and sustainability goals reshape how these spaces are managed and operated. This evolving market is set to experience substantial growth fueled by innovative automation solutions and increasing regulatory demands.

Projected Expansion of the Smart Buildings (Nonresidential Buildings) Market
The market for smart buildings focused on nonresidential properties is anticipated to expand rapidly, reaching a valuation of $141.98 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 12.9% during the forecast period. Key factors propelling this expansion include the widespread adoption of advanced Building Energy Management Systems (BEMS), a growing preference for cloud-connected automation platforms, and the increasing use of predictive maintenance technologies. Additionally, the proliferation of IoT-enabled smart infrastructure and heightened regulatory requirements pushing for energy-efficient nonresidential buildings contribute significantly to this upward trajectory. Prominent trends shaping the market's future involve energy optimization driven by BEMS, enhanced deployment of smart security and access-control systems, broader integration of cloud-based building automation platforms, the rise of integrated infrastructure and network management solutions, as well as growing reliance on remote monitoring and predictive maintenance technologies.

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Top Players Influencing the Smart Buildings (Nonresidential Buildings) Market
Several prominent companies are leading the way in the smart buildings market for nonresidential structures. These include industry giants such as China State Construction Engineering Co., Ltd., VINCI, Bechtel Corporation, Skanska AB, Turner Construction Company, Jacobs Engineering Group Inc., and The Whiting-Turner Contracting Company. Other key players feature PCL Construction, AECOM, BESIX Group, Shanghai Construction Group (SCG), SGS Group, Larsen & Toubro, and GMR Group. Additional notable companies include 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, and TSAI design studio.

Strategic Acquisition Enhancing Capabilities in Smart Building Automation
In December 2023, Honeywell International Inc., a U.S.-based technology and manufacturing firm, made a significant move by acquiring Carrier Global Corporation's Global Access Solutions business for $4.95 billion. This strategic acquisition aims to strengthen Honeywell's building automation portfolio by integrating cloud-based access, security, and digital-credential technologies. Carrier Global Corporation, also U.S.-based, specializes in refrigeration and air conditioning but is well recognized for its expertise in access control systems, electronic locking solutions, and mobile-credential platforms. This acquisition aligns with Honeywell's objective to expand its presence in smart building automation and security services.

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Emerging Innovations Shaping the Smart Buildings (Nonresidential Buildings) Market
Leading companies within the smart buildings sector are focusing heavily on developing AI-powered integrated building management platforms to improve energy efficiency, streamline building operations, and enhance occupant comfort. These platforms leverage advanced data analytics, machine learning, and real-time sensor input to automatically monitor, control, and optimize critical building systems. As a result, facility managers benefit from reduced energy consumption, lower operating costs, and safer, more comfortable, and sustainable environments in nonresidential buildings. For example, in June 2025, Honeywell International Inc. introduced Honeywell Connected Solutions, built on their Forge platform. This AI-driven solution unifies essential building software and technologies into a comprehensive interface for managing nonresidential portfolios. It offers state-of-the-art cybersecurity with advanced encryption, remote monitoring and diagnostics, predictive maintenance, and energy management features, helping operators cut labor costs, reduce expenses, and minimize carbon footprints.

Analyzing Key Segments Within the Smart Buildings (Nonresidential Buildings) Market
The smart buildings market for nonresidential structures is categorized across several segments:
1) Automation Type - including Intelligent Security System, Building Energy Management System, Infrastructure Management System, and Network Management System
2) Product Type - covering Institutional Buildings and Commercial Buildings
3) System Type - divided into New Constructions and Remodeling Projects
4) Application - spanning Government, Airports, Hospitals, Institutes, Manufacturing and Industrial Facilities, and Other Applications.

Further subdivisions break down these categories in detail:
- Intelligent Security Systems include Access Control Systems, Video Surveillance Systems, and Intrusion Detection Systems.
- Building Energy Management Systems (BEMS) consist of HVAC Control Systems, Lighting Control Systems, and Energy Monitoring and Optimization Tools.
- Infrastructure Management Systems encompass Facility Management Software, Asset Tracking and Management Tools, and Maintenance Management Systems.
- Network Management Systems cover Network Monitoring and Performance Management, Data Center Management Tools, and Cloud-Based Management Solutions.

This detailed segmentation highlights the diverse range of technologies and applications driving advancements in smart building solutions for nonresidential environments.

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