This is a best prospect industry sector for this country. Includes a market overview and trade data.
Overview
The term “smart cities” refers to the development and use of ICT in almost all areas of local life in order to link municipal infrastructures such as energy, buildings, governance, transportation, water and sewage on the basis of integrated development concepts. Enabled by the Internet of Things (IoT), sensors, networks, and mobile-based technologies are the basis of any smart city concept.
Digital transformation offers opportunities for moving towards sustainability and promotes resource-friendly, needs-based solutions for meeting the key challenges of integrated urban development and sustainability.
Germany is actively positioning itself as a lead provider of complete smart technology solutions and supported by the government, local authorities are launching their own smart city projects jointly with the private sector, utility companies and universities. To establish guidelines for future German city development, the German Federal Institute for Research on Building, Urban Affairs and Spatial Development (BBSR) published a Smart City Charta on how to make digital transformation at the local level more sustainable.
However, only about one third of the two hundred largest German cities use smart information and communication technology in their urban development to become Smart Cities according to a study of the German Institute for Urban Studies.
With 74% of Germans living in cities and towns, the relevance of strategic urban development through digital solutions is widely recognized. The technology disrupting urban living today has the potential to improve quality of life. Innovative solutions and good decision-making are key to success.
Best Prospects for U.S. exports
Building and construction: energy-efficient buildings and modernization, smart homes
Energy: expansion of renewable energy generation, smart grids and distribution, and energy storage systems
Environmental technology: new solutions for waste recycling and waste-water treatment
Management: digital solutions/IoT for the municipal economy, security for critical infrastructure
Transportation/Logistics: investment in public transport and smart traffic systems, e-mobility, electric vehicle charging infrastructure autonomous driving
Ports: fully automated port where all devices are connected via IoT
Both. the U.S. and Germany are leaders in innovation and early adopters of new technologies rapidly developing ideas into products. Being an innovative technology and solution provider in Germany usually means to compete and do business in a saturated market.
It is not an easy undertaking to compete, stand out and even thrive in a saturated market. However, a competitive marketplace is a sign that there is demand. Having the right approach, careful analysis, and a relentless commitment to providing something unique and of value to customers, will eventually set up for medium and long-term success.
Selected Trade Events
- Building and Construction:
- Bau Munich, January 11-16, 2021
- ISH, Frankfurt, March 22-26, 2021
- Chillventa, Nuremberg, October 11-13, 2022
- Energy:
- E-world of energy and water, Essen, February 9-11, 2021
- Energy Storage Europe, March 18-21, 2021
- Hannover Messe, Hannover, April 12-16, 2021
- Environmental technology:
- IFAT Munich, Munich, May 30-June 3, 2022
- Management:
- 9th European Conference on sustainable cities & towns, September 30-October 2nd, Mannheim, 2020 (virtual event)
- Intergeo, Stuttgart, October 13-15, 2020 (virtual event)
- Transportation/Logistics
- IAA Munich, September 7-12, 2021
- Innotrans, Berlin, April 27-30, 2021
- Ports:
- SMM Hamburg, Hamburg, February 2-5, 2021 (smart ports, fully automated ports)
Resources
Federal Ministry of the Interior, Building and Community
Federal Office for Building and Regional Planning