Smart Building Market: A Deep Dive into the Future of Intelligent Infrastructure
The market for smart buildings is rapidly evolving, driven by urgency around energy efficiency, sustainability, digitisation and occupant experience. Smart buildings are not simply structures equipped with connected devices—they are now engineered ecosystems utilising IoT, artificial intelligence, cloud-platforms and advanced automation to control lighting, HVAC, security, occupancy and other systems in an integrated way.
Market Overview & Growth ProjectionsRecent estimates show that the global smart building market was valued at around USD 126.6 billion in 2024. Market Research+2Market Research Future+2 Forecasts suggest that this figure will balloon in the coming decade. For example, one study projects a value of USD 571.3 billion by 2030, representing a compound annual growth rate (CAGR) of about 30.4% between 2025 and 2030. Market Research Another source estimates growth to over USD 1.1 trillion by 2035, implying a very strong CAGR of around 24.4% for…
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