IMARC Group, a leading market research company, has recently releases report titled “Smart Infrastructure Market Report by Type (Smart Grid, Smart Water Network, Intelligent Transportation Network, Intelligent Buildings, and Others), End User (Utility, Transport, Communications, Built Environment), and Region 2025-2033,” The study provides a detailed analysis of the industry, including the global smart infrastructure market trends, share, size and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Smart Infrastructure Market?
The global smart infrastructure market size reached USD 179.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 874.1 Billion by 2033, exhibiting a growth rate (CAGR) of 19.26% during 2025-2033.
Global Smart Infrastructure Market Trends:
The smart infrastructure market is set for major changes. Urbanization, the need for sustainability, and technology are key drivers. As cities grow, they will need solutions that are both efficient and sustainable. Innovations in IoT and AI will allow for better management of urban systems. This will improve services in transportation, energy, and waste management. Furthermore, cities will focus on green technologies to fight climate change and enhance resilience. The aim is to integrate smart technologies across sectors. This will lead to better urban planning and resource use. As the benefits of smart infrastructure become clear, the market will grow, opening up new opportunities.
Factors Affecting the Growth of the smart infrastructure market Industry:
Urbanization and Population Growth:
Urbanization and population growth are boosting the smart infrastructure market. As cities grow, they need better, sustainable, and advanced solutions. By 2025, about 68% of people will live in urban areas, straining current systems in transportation, energy, and water. Technologies like IoT sensors, smart grids, and advanced transportation are key. They improve efficiency and resilience in cities, allowing for real-time resource management. This reduces waste and enhances services. Investments in smart infrastructure tackle issues like traffic, pollution, and energy use, improving urban life. Now, governments and businesses are teaming up to create smart city solutions, using data and connectivity for sustainable growth.
Climate Change and Sustainability Initiatives:
Climate change and the need for sustainability are transforming smart infrastructure. Cities and governments are now focusing on building resilient, sustainable systems. They aim to reduce climate change impacts. By 2025, we expect a surge in investments to boost energy efficiency, cut carbon emissions, and expand renewable energy. Solutions like green buildings, efficient public transport, and advanced waste management are gaining popularity. These efforts are part of broader sustainability plans. They reduce urban environmental impacts and foster economic growth by creating jobs in green sectors. Moreover, regulations are adapting to support these practices, encouraging the use of smart technologies. As the importance of sustainability becomes clear, the smart infrastructure market is set to grow. This growth will be driven by a shared commitment to a sustainable future.
Technological Advancements and Integration:
Technological advances are key to the smart infrastructure market. They boost system integration and efficiency. By 2025, innovations in AI, machine learning, and big data will be vital for better infrastructure management and decision-making. These technologies analyze data from connected devices, offering insights for improvements. For example, AI can reduce downtime in critical assets. Smart traffic systems can adjust signals based on real-time data, easing traffic and reducing congestion. Moreover, these technologies will improve collaboration across sectors like transportation, energy, and public safety. This leads to better resource use and service. As cities aim to be smarter and more connected, the demand for integrated solutions will rise, opening up new chances for innovation and investment.
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Smart Infrastructure Market Report Segmentation:
Breakup By Type:
- Smart Grid
- Smart Water Network
- Intelligent Transportation Network
- Intelligent Buildings
- Others
Smart grids hold most shares. They boost energy efficiency, reliability, and renewable energy use in the power supply.
Breakup By End User:
- Utility
- Transport
- Communications
- Built Environment
The built environment dominates the end-user market. It includes commercial, residential, and industrial buildings. These are increasingly adopting smart technologies for energy management and efficiency.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America leads the smart infrastructure market. It has an advanced tech landscape, big investments in smart city projects, and supportive government policies for modernizing and making infrastructure sustainable.
Top Smart Infrastructure Market Leaders:
The smart infrastructure market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
- Aclara Technologies LLC (Hubbell Incorporated)
- ABB Limited
- AVEVA Group Limited
- Black & Veatch Holding Company
- Cisco Systems Inc.
- Schneider Electric SE
- Sensus USA Inc. (Xylem Inc.)
- Siemens AG
- Verizon Communications Inc
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