Siemens Sets Ambitious Goals for Intelligent Infrastructure Development
Get ready for a major rise in Siemens' Smart Infrastructure segment! This dynamic part of the company is projected to outpace the overall company's growth in the coming years, with bosses even eyeing a substantial boost in margins.
Siemens' Smart Commitment
Siemens AG has its sights set on the Smart Infrastructure market as a goldmine. Board member Matthias Rebellius, at the SI capital market day in Zug, claimed that the market will expand at a rate of 5 to 6 percent in the coming years, more than double the pace of the overall economy. Rainy days, this market growth is expected to bring the size of the market to a whopping €313 billion by 2029. In 2020, the market maintained a brisk pace with the global economy, according to Rebellius.
Munich's Part in the Boom
With talk like this, it's clear that Siemens sees Munich as a hub for smart innovation. But a closer look at the smart meter and smart grid markets sheds more light on just why this growth is so promising:
- Smart Meter Market: This sector is projected to grow explosively, with the market expected to surge from $26.65 billion in 2024 to $42.17 billion by 2029, at a rate of 9.5% per year[1].
- Smart Grid Market: Meanwhile, the smart grid market is showing even more impressive growth, with projections of surging from $55.54 billion in 2024 to $145.42 billion by 2030, with an astounding 17% compound annual growth rate from 2025 to 2030[2].
With these trends paving the way, it's no wonder Siemens is betting big on its Smart Infrastructure segment. But while these numbers provide insight into the broader smart energy market, specifics about Siemens' segment are still under wraps.
So, while we wait for more information about Siemens' plans to capitalize on this projected growth, one thing's for sure: the future of smart infrastructure looks very bright indeed!
In line with Siemens' strategic focus on the Smart Infrastructure market, the company anticipates that the growth of the smart meter market will surge from $26.65 billion in 2024 to $42.17 billion by 2029, representing a significant expansion in the technology sector. Meanwhile, the smart grid market is expected to show even more impressive growth, potentially surging from $55.54 billion in 2024 to $145.42 billion by 2030, driven by a compound annual growth rate of 17% from 2025 to 2030, indicating a promising future for the finance industry as well.
