세계의 스마트 인프라 시장 평가 : 컴포넌트별, 용도별, 도입 방식별, 최종사용자별, 산업별, 지역별, 기회, 예측(2017-2031년)

Global smart infrastructure market is projected to witness a CAGR of 19.70% during the forecast period 2024-2031, growing from USD 805.07 billion in 2023 to USD 3393.01 billion in 2031. The smart infrastructure market relies heavily on smart transportation systems, as transportation was responsible for 27% of the United States' greenhouse gas emissions in 2020, resulting in an urgent need for greener solutions. Global investments of USD 50 trillion by 2040 are needed for the new decentralized and decarbonized transportation infrastructure. The United States Infrastructure legislation and the European Union's European Green Deal have committed USD 3.35 trillion and USD 1.11 trillion in the fiscal year of 2021, respectively, for this transition. These funds are invested towards improving smart transportation systems. Local authorities play an important role within this framework in delivering and sustaining these improvements that will lead to smart infrastructure market development.

For instance, in February 2024, Huawei Technologies Co., Ltd. introduced four new intelligent solutions that enhance transportation with advanced systems for road traffic, railways, and airports. These solutions aim to boost efficiency and security across various transportation sectors globally.

Wastewater Management Drives Smart Infrastructure Market

The smart infrastructure market is fueled by wastewater management owing to the potential environmental, health, and economic impacts. China had 64 million people dependent on wastewater treatment plants vulnerable to earthquakes and soil liquefaction, with around 200 million individuals admitting heightened flood risks from climate change. The rising necessity of strong infrastructure has underpinned the massive investments in the growing demand for smart wastewater management solutions. Real-time monitoring, predictive maintenance, and control systems help wastewater treatment plants to operate efficiently and safely, minimizing risks associated with the disposal process while reducing costs. These solutions can be part of improving service reliability as smart wastewater systems are equipped with advanced sensors and data analytics that make them more capable of dealing with extreme environmental challenges and contribute to the overall growth of the smart infrastructure market.

For example, in May 2024, Siemens SE expanded its software portfolio with new AI-based apps for water utilities available on the Siemens Xcelerator marketplace. These user-friendly solutions enhance water infrastructure efficiency, reducing water loss and preventing pollution.

Energy Infrastructure to Reshape the Smart Infrastructure Market

The transformation of energy infrastructure propels the smart infrastructure market. The 2003 blackout in North America highlighted the importance of grid modernization, necessitating massive investments in smart grids to make them more reliable and better connected with renewable generation. The United States Energy Independence and Security Act of 2007, along with the European Union's "20-20-20" targets aiming for 20% renewable energy by 2020 drive further investment. The aim of South Korea to get 11% of their national energy from renewables by 2030, coupled with Japan's post-Fukushima disaster emphasis on smart grids, reinforces this move towards more intelligent and resilient power plants globally.

For example, in August 2024, Hitachi Energy, a division of Hitachi, Ltd., launched a new switchgear technology free of sulfur hexafluoride (SF6), a potent greenhouse gas. This innovation addresses 80% of SF6 emissions from the power sector and supports a projected USD 60 billion high-voltage switchgear market growth by 2050.

Government Initiatives Acts as a Catalyst

Investment and new-age innovations are making a robust impact across the smart infrastructure market with the support of government initiatives. Programs like the European Green Deal and the United States Infrastructure Investment and Jobs Act provide substantial funding for modernizing infrastructure, including smart grids and energy-efficient buildings. These programs create opportunities for organizations to leverage advanced technology. China's increasing emphasis on smart cities and Japan's Smart Community Roadmap also drive the market and promote sustainable and resilient infrastructure. This trend not only boosts sales in the smart infrastructure sector but also enhances efficiency and creates new business opportunities by allocating government resources to encourage research and development and large-scale deployments.

For example, in May 2022, the European Parliament and Council approved Regulation (EU) 2022/869; this new rule updates the guidelines for Europe's energy infrastructure to meet climate goals and enhance security and affordability, contributing towards the growth of the smart infrastructure market.

Energy and Utility Segment Leads the Smart Infrastructure Market

The energy and utility sectors dominate the smart infrastructure market. The International Energy Agency (IEA) reported that in 2024, if all planned investments are realized, global energy will exceed USD 3 trillion, with around USD 2 trillion invested in clean energy technologies and infrastructure. Since 2020, investments in renewable energy, such as wind and solar, smart grid technology, and energy storage, have increased, surpassing industry spending on coal, gas, and oil. This shift is part of a broader goal to promote infrastructure reforms and renewable energy alternatives. Such initiatives in smart infrastructure will facilitate efficient grid operations, enable the integration of renewable energy, and contribute to the overall effective management of energy resources.

North America Holds the Dominating Share in the Smart Infrastructure Market

North America is leading the smart infrastructure market, driven by extensive smart meter installations. As of 2022, the United States electric utilities had about 119 million advanced metering infrastructure (AMI) units, or approximately 72% of total electric meters. Approximately 88% of these are residential customers, with 73% of residential meters being smart meters. This widespread deployment indicates North America's emphasis on creating modern energy infrastructure. Investments in smart grids and advanced technologies enhance energy management, improve efficiency, and support the integration of renewable energy sources. Smart infrastructure will likely be one of the key areas in which North America looks to retain its dominance as it seeks out advanced, sustainable solutions.

For instance, in June 2024, Honeywell International Inc. introduced its Emissions Management Suite, which is certified for hazardous locations and marine use. This end-to-end solution for offshore oil and gas platforms in North America enhances methane detection and supports regulatory compliance.

Future Market Scenario (2024-2031F)

Smart grids are expected to become standard by 2030 in most industrialized regions, allowing real-time energy management, more efficient renewable generation integration, and smarter grid reliability.

Increased investment in renewable energy sources paired with smart infrastructure will be implemented as long-term options.

In the forecasted period, the market may witness an increase in the usage of Internet of Things (IoT) devices and sensors to provide detailed data for infrastructure management.

The adoption of green building technologies, such as energy-efficient HVAC systems and smart lighting, will accelerate. These innovations will support sustainable building practices and help meet stricter environmental regulations and carbon reduction goals.

Key Players Landscape and Outlook

Rapid growth in the smart infrastructure market is attributed to advancements in IoT technologies, artificial intelligence, and machine learning. Key players are increasingly adopting smart solutions for city management such as 5G infused streetlights, which provide excellent data performance and a wide range of services connecting to municipal life, including efficient traffic management and environmental monitoring. As the demand for energy efficiency and sustainability rises, this market is expected to grow immensely through investments in electrification and decarbonization. Stakeholders will have to collaborate to develop holistic solutions that address the challenges faced by urban areas while improving the quality of life for residents.

In November 2024, GE Vernova Inc. expanded its collaboration with Amazon Web Services (AWS) to enhance cloud-based software solutions for energy companies, improving asset management and emissions data, thus supporting the transition to smart infrastructure and sustainable energy.

In May 2024, ABB Ltd. acquired Siemens AG's Wiring Accessories business in China. The USD 150 million revenue unit will enhance ABB's smart buildings division, expanding its market reach and distribution network across 230 cities.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Features and Other Value-Added Service
  • 4.3.2. IT Infrastructure Compatibility
  • 4.3.3. Efficiency of Solutions
  • 4.3.4. After-Sales Support
• 4.4. Consideration of Privacy and Regulations

5. Global Smart Infrastructure Market Outlook, 2017-2031F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Component
    • 5.2.1.1. Hardware
    • 5.2.1.2. Software
    • 5.2.1.3. Services
  • 5.2.2. By Application
    • 5.2.2.1. Smart Grid Infrastructure
    • 5.2.2.2. Smart Water Network
    • 5.2.2.3. Smart Building
    • 5.2.2.4. Smart Transportation System
    • 5.2.2.5. Smart Safety and Security System
    • 5.2.2.6. Others
  • 5.2.3. By Deployment Mode
    • 5.2.3.1. On-Premises
    • 5.2.3.2. Cloud-Based
    • 5.2.3.3. Hybrid
  • 5.2.4. By End-user
    • 5.2.4.1. Government
    • 5.2.4.2. Commercial
    • 5.2.4.3. Residential
  • 5.2.5. By Industry
    • 5.2.5.1. Energy and Utilities
    • 5.2.5.2. Transportation and Logistics
    • 5.2.5.3. Construction and Real Estate
    • 5.2.5.4. Manufacturing
    • 5.2.5.5. Healthcare
    • 5.2.5.6. Retail and E-Commerce
    • 5.2.5.7. Government and Public Sector
    • 5.2.5.8. IT and Telecommunication
    • 5.2.5.9. Others
  • 5.2.6. By Region
    • 5.2.6.1. North America
    • 5.2.6.2. Europe
    • 5.2.6.3. Asia-Pacific
    • 5.2.6.4. South America
    • 5.2.6.5. Middle East and Africa
  • 5.2.7. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
• 5.3. Market Map Analysis, 2023
  • 5.3.1. By Component
  • 5.3.2. By Application
  • 5.3.3. By Deployment Mode
  • 5.3.4. By End-user
  • 5.3.5. By Industry
  • 5.3.6. By Region

6. North America Smart Infrastructure Market Outlook, 2017-2031F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Component
    • 6.2.1.1. Hardware
    • 6.2.1.2. Software
    • 6.2.1.3. Services
  • 6.2.2. By Application
    • 6.2.2.1. Smart Grid Infrastructure
    • 6.2.2.2. Smart Water Network
    • 6.2.2.3. Smart Building
    • 6.2.2.4. Smart Transportation System
    • 6.2.2.5. Smart Safety and Security System
    • 6.2.2.6. Others
  • 6.2.3. By Deployment Mode
    • 6.2.3.1. On-Premises
    • 6.2.3.2. Cloud-Based
    • 6.2.3.3. Hybrid
  • 6.2.4. By End-user
    • 6.2.4.1. Government
    • 6.2.4.2. Commercial
    • 6.2.4.3. Residential
  • 6.2.5. By Industry
    • 6.2.5.1. Energy and Utilities
    • 6.2.5.2. Transportation and Logistics
    • 6.2.5.3. Construction and Real Estate
    • 6.2.5.4. Manufacturing
    • 6.2.5.5. Healthcare
    • 6.2.5.6. Retail and E-Commerce
    • 6.2.5.7. Government and Public Sector
    • 6.2.5.8. IT and Telecommunication
    • 6.2.5.9. Others
  • 6.2.6. By Country Share
    • 6.2.6.1. United States
    • 6.2.6.2. Canada
    • 6.2.6.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Smart Infrastructure Market Outlook, 2017-2031F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Component
        • 6.3.1.2.1.1. Hardware
        • 6.3.1.2.1.2. Software
        • 6.3.1.2.1.3. Services
      • 6.3.1.2.2. By Application
        • 6.3.1.2.2.1. Smart Grid Infrastructure
        • 6.3.1.2.2.2. Smart Water Network
        • 6.3.1.2.2.3. Smart Building
        • 6.3.1.2.2.4. Smart Transportation System
        • 6.3.1.2.2.5. Smart Safety and Security System
        • 6.3.1.2.2.6. Others
      • 6.3.1.2.3. By Deployment Mode
        • 6.3.1.2.3.1. On-Premises
        • 6.3.1.2.3.2. Cloud-Based
        • 6.3.1.2.3.3. Hybrid
      • 6.3.1.2.4. By End-user
        • 6.3.1.2.4.1. Government
        • 6.3.1.2.4.2. Commercial
        • 6.3.1.2.4.3. Residential
      • 6.3.1.2.5. By Industry
        • 6.3.1.2.5.1. Energy and Utilities
        • 6.3.1.2.5.2. Transportation and Logistics
        • 6.3.1.2.5.3. Construction and Real Estate
        • 6.3.1.2.5.4. Manufacturing
        • 6.3.1.2.5.5. Healthcare
        • 6.3.1.2.5.6. Retail and E-Commerce
        • 6.3.1.2.5.7. Government and Public Sector
        • 6.3.1.2.5.8. IT and Telecommunication
        • 6.3.1.2.5.9. Others
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered.

7. Europe Smart Infrastructure Market Outlook, 2017-2031F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Smart Infrastructure Market Outlook, 2017-2031F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Smart Infrastructure Market Outlook, 2017-2031F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Smart Infrastructure Market Outlook, 2017-2031F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Value Chain Analysis

12. Porter's Five Forces Analysis

13. PESTLE Analysis

14. Market Dynamics

• 14.1. Market Drivers
• 14.2. Market Challenges

15. Market Trends and Developments

16. Case Studies

17. Competitive Landscape

• 17.1. Competition Matrix of Top 5 Market Leaders
• 17.2. SWOT Analysis for Top 5 Players
• 17.3. Key Players Landscape for Top 10 Market Players
  • 17.3.1. ABB Ltd.
    • 17.3.1.1. Company Details
    • 17.3.1.2. Key Management Personnel
    • 17.3.1.3. Products and Services
    • 17.3.1.4. Financials (As Reported)
    • 17.3.1.5. Key Market Focus and Geographical Presence
    • 17.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisitions
  • 17.3.2. Cisco Systems, Inc.
  • 17.3.3. General Electric Company (GE)
  • 17.3.4. Hitachi, Ltd.
  • 17.3.5. Honeywell International Inc.
  • 17.3.6. IBM Corporation
  • 17.3.7. Johnson Controls International plc
  • 17.3.8. Oracle Corporation
  • 17.3.9. Schneider Electric SE
  • 17.3.10. Siemens AG

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

18. Strategic Recommendations

19. About Us and Disclaimer