Smart Infrastructure Market Regional Analysis:
North America Market Insights
North America industry is estimated to dominate majority revenue share of 32.5% by 2035. The key drivers that stimulate the demand are its strong economic environment, the high adoption rate of smart technology, public-private partnerships, and the presence of high-tech companies such as Google, Microsoft, and Cisco which drive innovation and advancement in the field.
Canada is considered a hub for smart city initiatives, with comprehensive planning and rising innovations. The country focuses on sustainability and environmental protection practices driving smart infrastructure solutions. In June 2024, Schneider Electric announced the launch of SMART Building Division in Canada to expand its sustainable building innovation.
Asia Pacific Market Insights
The driving forces such as rapid urbanization, increasing investments in digital transformation, and government initiatives on smart city development, Asia Pacific emerged as the fast-growing market for smart infrastructure. China, Japan, and South Korea are some of the largest revenue-generating countries in this region.
India owing to huge investments in smart transportation, energy management systems, and building management systems holds a significant contribution to the market growth. The large population of the country together with a growing middle-class population and increased demand for sustainable and efficient solutions for infrastructure is further boosting market growth. The country is poised to continue leading the global smart infrastructure market in the next few years.
