Global Smart Buildings (Nonresidential Buildings) Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

18 Mar, 2021

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.

Global Smart Buildings (Nonresidential Buildings) Market Size And Drivers:

The global 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.

Economic growth and a rapidly growing urban population are expected to increase the demand for new smart nonresidential buildings during the forecast period.

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Trends In The Global Smart Buildings (Nonresidential Buildings) Market

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

Global Smart Buildings (Nonresidential Buildings) Market Segments:
The global nonresidential smart buildings market is further segmented based on automation type, application and geography.
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 global smart buildings market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global smart buildings (nonresidential buildings) market, accounting for 38.9% of total market.

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Smart Buildings (Nonresidential Buildings) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides smart buildings (nonresidential buildings) market overviews, analyzes and forecasts market size and growth for the global smart buildings (nonresidential buildings) market, smart buildings (nonresidential buildings) market share, smart buildings (nonresidential buildings) market players, smart buildings (nonresidential buildings) market segments and geographies, smart buildings (nonresidential buildings) market’s leading competitors’ revenues, profiles and market shares. The smart buildings (nonresidential buildings) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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