Global Institutional Buildings Market Segments 2024, Forecast To 2033
5 Mar, 2024
The institutional buildings market has shown steady growth, increasing from $995.71 billion in 2023 to $1021.04 billion in 2024, with a 2.5% CAGR. The historic period's growth is attributed to government initiatives, population growth, and urbanization. Anticipating steady growth, the market is projected to reach $1140.66 billion in 2028 with a 2.8% CAGR, driven by sustainability, technological integration, and flexible space design.
Global Institutional Buildings Market Key Driver
Institutional buildings market growth is spurred by increasing government expenditure. EU general government spending reached 51.5% of GDP in 2021. Countries like France, Greece, and Italy demonstrated significant expenditure, driving the institutional buildings market, according to Eurostat's report.
Get A Free Sample Of The Global Institutional Buildings Market ReportGlobal Institutional Buildings Market Segments
The institutional buildings market covered in this report is segmented –
1) By Type: Residential, Non-residential
2) By Construction Type: New Construction, Renovation
3) By Building Type: Smart Buildings, Traditional Buildings
4) By Application: Owned, Rental
5) By End User: Private, Public
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the institutional buildings market in 2023. The regions covered in the institutional buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Institutional Buildings Industry Players
China State Construction Engineering Co. Ltd.; Shanghai Construction Group Co. Ltd.; Clark Construction Group LLC; The Whiting-Turner Contracting Company; Turner Construction Company; Balfour Beatty plc; Greenland Holdings Corp. Ltd.; Obayashi Corporation; Daiwa Real Estate Co. Ltd.; HOCHTIEF Aktiengesellschaft; Vinci S.A.; Bouygues SA; Kajima U.S.A. Inc.; Bechtel Corporation; Skanska AB; The Metallurgical Corp of China; Actividades de Construccion y Servicios SA; Tutor Perini Corp.; Parsons Corp.; AECOM Inc.; Jacobs Solutions Inc.; WSP Global Inc.; HNTB Corp.; STV Group Inc.; Fluor Corporation; Kiewit Corporation; PCL Construction Enterprises Inc.; McCarthy Holdings Inc.; The Boldt Company; The Weitz Company; Mortenson Construction; Gilbane Building Company; JE Dunn Construction Group Inc.; Hensel Phelps Construction Co.; Barton Malow Company; Ryan Companies US Inc.; Skender Construction; The Beck Group; Sundt Construction Inc.; Brasfield & Gorrie LLC; DPR Construction; Gray Construction; Hoffman Construction Company; Holder Construction Company; Messer Construction Co.; Pepper Construction Group LLC; Robins & Morton LLC
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AIOps Institutional Buildings Market Overview
An institutional building is a building designed, and constructed for medical, charitable, jails, penal colonies, and others. The institutional buildings are mainly characterized by their use or function.
Institutional Buildings Global Market Report 2023 provides data on the global institutional buildings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The institutional buildings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.