Smart Infrastructure Market

Top Companies in Smart Infrastructure Industry - Siemens (Germany) and Schneider Electric (France)

The smart infrastructure market is projected to grow from USD 923.0 billion in 2024 to USD 2,109.5 billion by 2029 at a CAGR of 18.0% during the forecast period. Advances in IoT, AI, sensors, and connectivity drive the development of smart infrastructure solutions. These technologies enable real-time monitoring, data analysis, and automation, leading to more responsive and efficient infrastructure systems.

The major vendors covered in the smart infrastructure market include Siemens (Germany), Cisco (US), Honeywell (US), Hitachi (Japan), IBM (US), Schneider Electric (France), Microsoft (US), Huawei (China), ABB (Switzerland), Johnson Controls (Ireland). To expand their smart infrastructure market presence, these players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches.

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Siemens, a global technology giant, was founded in 1847. The company focuses on electrification, automation, and digitization, which drive innovation across multiple industries. Siemens has five major business segments: digital industries, smart infrastructure, mobility, healthineers, and Siemens financial services. Digital Industries offers automation and digital transformation solutions, whereas Smart Infrastructure focuses on intelligent building and energy solutions. The Mobility sector provides sophisticated mobility solutions, while Healthineers, a separate publicly traded organisation, leads in medical technology. Siemens Financial Services facilitates corporate investments with financial solutions. Siemens is committed to sustainability and intends to be carbon neutral by 2030. It also participates in corporate social responsibility projects worldwide. The corporation has a strong global footprint, operating in over 200 countries and making continual investments in digitization, renewable energy, and smart city projects. Its building solutions include the Building Automation System (BAS), which has centralized and intelligent energy-handling features and innovative energy-saving functions. It also facilitates seamless communication between all system components and procedures functioning within buildings.

Schneider Electric is a global provider of energy management and automation solutions. It focuses on making energy safe, reliable, productive, efficient, and green. It offers a comprehensive list of solutions for energy and automation, process automation and control, network operations, and enterprise applications. The company provides diverse products, solutions, and services for energy management and industrial engineering. Schneider Electric is a major player in utility solutions and offers a wide range of solutions in the smart infrastructure market through its EcoStruxure platform, especially in smart utilities. In the smart infrastructure market, Schneider Electric provides transportation, water and wastewater management, alternative energy, and substation automation solutions. These solutions address key focus areas, such as handling power units dynamically, generating and analyzing operational data, ensuring cybersecurity, managing assets, and providing a centralized platform for Supervisory Control and Data Acquisition (SCADA), Human human-machine interface (HMI), performance management, and production. Schneider Electric also provides various other smart infrastructure platform solutions, including smart water solutions, smart buildings and homes, smart mobility, smart energy, smart connections, and smart public services.

Related Reports:

Smart Infrastructure Market Size, Share, Growth Analysis, By Offering, Focus Area (Smart Transportation, Smart Buildings, Smart Utilities, Smart Government), End User (Commercial, Residential, Industrial) and Region - Global Forecast to 2029

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Smart Infrastructure Market Size,  Share & Growth Report
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