Smart Infrastructure Market by Type (Smart Grid, Smart Water Network, Intelligent Buildings, Intelligent Transportation Network, Others), by North America (U.S., Canada), by Europe (Germany, U.K., France, Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific), by Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa), by Latin America (Brazil, Mexico, Argentina, Colombia, Rest of Latin America) Forecast 2024-2032
The Smart Infrastructure Market size was valued at USD 77.66 USD Billion in 2023 and is projected to reach USD 112.22 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Smart infrastructure involves the use of digital technology in building structures and other physical facilities, for better functionality, longevity, and risk management. It includes smart transport systems, smart energy, water, and smart buildings among others. They include sensing, data analysis, and linkages that allow the tracking of particular events and processes in real-time. They are used in traffic systems, smart electricity/gas networks, and even predictive maintenance in buildings to name but a few. Advantages include a reduction in traffic congestion, consumption of less energy, and utilization of scarce resources hence saving a lot of money and health of our natural environment. Efficient infrastructure can also protect against natural disasters and provide conditions for a faster response to emergencies.
This report provides a comprehensive analysis of the smart infrastructure market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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