01 February 2024

The global smart buildings market is poised for massive growth and is expected to increase in value from $96 billion in 2023 to an estimated $408 billion by 2030, said an expert at the Light + Intelligent Building Middle East expo held in Dubai.

Speaking at the event, Grace Najjar, CEO of Align Management Solutions, added that as construction and real estate account for 40 per cent of carbon emissions, government support of sustainable building sectors could save around $4.8 trillion globally over the next three years, and the building sector will see an average CO2 emissions reduction of six per cent per year until 2025.

More than 400 exhibitors showcased the latest trends, innovations and technologies in the lighting, electrical engineering and smart building sectors during the event. The second edition of the Smart Building Summit was also held on the sidelines of the expo with insights from experts on the growth of the industry and the path to creating sustainable smart buildings. 

• Showcase of energy solutions set for April
• Smart building market to top ‘$408bn by 2030’
• SteelFab ends on a successful note
• Diary of events

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