Rapid urbanization and the surging population are expected to drive market expansion shortly at a CAGR of 25.20% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Smart Infrastructure Market” that contains information from 2018 to 2032. The Smart Infrastructure Market is estimated to register a CAGR of 25.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Smart Infrastructure Market— Siemens (Germany), Schneider Electric (Spain), Indra (France), Sensus (U.S.), Aclara (U.S.), Topcon (Japan), Cree (U.S.), Holophane (U.K.), Dialog Semiconductor (U.K.), and Philips (Netherlands).

Market Highlights

The global Smart Infrastructure Market is accounted to register a CAGR of 25.20% during the forecast period and is estimated to reach USD 754.34 billion by 2032. Significant government funding and initiatives aimed at developing smart infrastructure aligning with economic development and sustainability objectives are fostering a favorable market expansion outlook. Simultaneously, global endeavors to upgrade and modernize aging infrastructure for enhanced efficiency and safety are driving market growth.

Segment Analysis

The global Smart Infrastructure Market has been segmented based on the Type, and End-user.

Based on the Type, the market is segmented into Smart Grid, Smart Water Networks, Intelligent Buildings, Intelligent Transportation Networks, and Others. The smart grid segment was attributed to holding the largest market share in 2022.  The market is experiencing significant growth driven by the substantial demand for smart grids, addressing needs such as efficient energy management, integration of renewable sources, and enhanced grid reliability. Additionally, the market is positively influenced by the increasing demand for smart water networks, which tackle challenges related to water scarcity, aging infrastructure, and the necessity for efficient water management.

Based on the End-user, the Smart Infrastructure Market has been segmented into Utility, Transport, Communications, and The Built Environment. The built environment segment was expected to hold the largest market share in 2022. The market is experiencing positive growth prospects driven by the widespread implementation of smart grid systems, advanced metering infrastructure (AMI), and energy management solutions. These technologies enable real-time monitoring, efficient energy distribution, and responsive actions to demand fluctuations, contributing to market expansion.

Regional Analysis

The global Smart Infrastructure Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Smart Infrastructure Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Smart Infrastructure Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Smart Infrastructure Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Smart Infrastructure Market was maintained by the North American regional sector. The significant surge in demand for smart solutions, driven by challenges linked to population growth, congestion, energy consumption, and sustainability, is shaping the market landscape. Government initiatives at the federal, state, and local levels, marked by funding and regulatory support, are robustly promoting smart infrastructure projects, contributing to the market's robust growth. Furthermore, North America, being a hub for technology leaders and research institutions, plays a pivotal role in advancing technologies such as IoT, AI, and data analytics, consequently fostering the demand for smart infrastructure solutions.

Moreover, the Europe market has been persistently growing over the forecast period. Europe's commitment to ambitious sustainability targets is driving the widespread adoption of smart infrastructure, aiming to reduce carbon emissions, optimize energy usage, and enhance resource management. Furthermore, strategic initiatives like the European Union's Horizon 2020 program and subsequent research and innovation endeavors actively promote collaborations and provide support for the advancement of smart infrastructure technologies.

The Asia Pacific region is undergoing substantial urbanization, driving the evolution of smart cities and the revitalization of current infrastructure. Urbanization stands out as a significant megatrend in the Asia-Pacific, with over 2.2 billion people, constituting 54% of the global urban population, residing in the region. Projections indicate a 50% growth in the urban population by 2050, representing an additional 1.2 billion people. This surge in urban population underscores the demand for intelligent solutions to optimize efficiency, sustainability, and overall quality of life.

Furthermore, the rest of the world's Smart Infrastructure Market is divided into the Middle East, Africa, and Latin America. The Middle East & Africa emerges as a significant region, driven by the expanding demographics and urbanization, experiencing rapid growth and gaining momentum in the adoption of sustainable smart cities. A noteworthy example is Abu Dhabi's Masdar City, recognized as the first smart sustainable city in the Middle East. Masdar City has strategically incorporated a mix of technological innovations in architectural planning and energy, including the implementation of smart water meters for efficient wastewater management.

Key Findings of the Study

• The global Smart Infrastructure Market is expected to reach USD 754.34 billion by 2032, at a CAGR of 25.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because Several governments in the Asia-Pacific region are actively promoting and investing in smart infrastructure projects. Initiatives aimed at developing smart cities, improving transportation systems, and ensuring environmental sustainability contribute to the market's expansion.


• Based on type, the smart grid segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


• Siemens (Germany), Schneider Electric (Spain), Indra (France), Sensus (U.S.), Aclara (U.S.), Topcon (Japan), Cree (U.S.), Holophane (U.K.), Dialog Semiconductor (U.K.), and Philips (Netherlands)