“Increase in the infrastructural and construction activities are projected to drive the overall growth of the cladding systems market across the globe from 2021 to 2026.”
The cladding systems market is projected to grow from USD 234.1 billion in 2021 to USD 306.9 billion by 2026, at aCAGR of 5.6% from 2021 to 2026. The global cladding systems market has witnessed high growth primarily because of the increasing infrastructure and construction activities worldwide. Not only these systems protect the building structure, but they also enhance the appearance of a building. Rebound in commercial construction is expected to increase the demand for the external cladding system.
“In terms of both value, and volume, the ceramic cladding segment is projected to grow at the highest CAGR du......
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The global cooling tower market is projected to register a CAGR of 4.5% between 2021 and 2026, in terms of value.
The global cooling tower market size is projected to grow from USD 2.1 billion in 2021 to USD 2.6 billion by 2026, at a CAGR of 4.5% between 2021 and 2026. Industrialization in developing countries, stringent environmental regulations and rise in HVACR deployments are expected to offer significant growth opportunities to manufacturers of cooling tower.
“HVACR accounted for the fastest growth in the cooling tower market in terms of value.”
HVACR systems are primarily installed in commercial buildings such as offices, hospitals, and schools. In these commercial buildings, heat is generated by computers, people, and continuous exposure to sunlight. The HVACR systems t......
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“The growth of the Smart Buildings market can be attributed to the growing demand for energy-efficient systems, increasing awareness of space utilization and the rising adoption of IoT-enabled BMS.”
The global Smart Buildings market size to grow from USD 72.6 billion in 2021 to USD 121.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.9 % during the forecast period. The increasing awareness of space utilization is one of the key drivers for smart buildings, Space utilization can be defined as the average square foot held by a single occupant. With a steady decline in space consumption, technologies such as IoT-enabled devices and cognitive computing can collect data and keep track of space utilization throughout the day. The use of smart building technologies would ai......
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Construction in Indonesia - Key Trends and Opportunities to 2025 (Q4 2021)
Summary
Activity in the Indonesian construction industry remained stable in the first three quarters of this year, with the industry's value add registering year-on-year (Y-o-Y) growth of 2.4% in real terms. However, the recent resurgence of Coronavirus (COVID-19) cases between July and August 2021 is expected to weigh on construction activity in the fourth quarter of this year, affecting the industry's growth in Q4 2021. Due to this disruption, GlobalData has revised down its forecast for 2021 to 3.1%, from the previous projection of 3.8% growth.
In September 2021, the Indonesian government approved a budget of IDR2.7 quadrillion (US$190.1 billion) for 2022, of which IDR1.9 quadrillion (US$133.8 billion) will be......
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Construction in Norway - Key Trends and Opportunities to 2025 (H2 2021)
Summary
The Norwegian construction industry is projected to grow by 2.4% in real terms in 2021, following a contraction of 3.3% in 2020. The industry's growth is primarily attributed to the easing of COVID-19 restrictions and an improvement in housing construction during the first half of 2021. According to Statistics Norway, the construction industry grew by 1.4% year on year (YoY) in the first half of 2021, based on the real value-add measure.
Over the forecast period, the industry is expected to register an annual average growth of 2.1% from 2022 to 2025. A key source of growth will be the government's focus on upgrading the country's transport infrastructure. In September 2021, the Sotra Link consortium secured ......
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Construction in the United Arab Emirates (UAE) - Key Trends and Opportunities to 2025 (Q4 2021)
Summary
GlobalData has maintained its growth forecast for 2021, with the industry expected to expand by 4.4% in real terms this year, before registering an annual average growth of 3.9% from 2022 to 2025. The hosting of the ongoing Expo 2020 event (1st October, 2021-31st March, 2022) will provide positive support to the economy, while low base effects and pent-up demand will help to generate positive growth when compared to the levels of 2020.
The UAE cabinet approved the AED290 billion (US$79 billion) budget for 2022-2026 in October 2021. It also approved the AED58.9 billion (US$16 billion) general budget for 2022, with a focus on improving infrastructure, along with social care, health and ......
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“The energy-efficient windows market is projected to register a CAGR of 7.0% during the forecast period.”
The global energy-efficient windows market size is projected to grow from USD 13.1 billion in 2021 to USD 18.3 billion by 2026, at a CAGR of 7.0% between 2021 and 2026. Energy-efficient windows is demanded majorly in non-residential end-use sector. However, global pandemic disease COVID-19 has disrupted the operations of energy-efficient windows industries which has decreased the demand for energy-efficient windows in 2020.
“Double Glazed Energy efficient windows holds the largest market share of Energy efficient windows, in terms of value.”
The double-glazed segment is projected to witness the high growth during the forecast period due to the growing demand from the r......
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Construction in the Czech Republic - Key Trends and Opportunities to 2025 (H2 2021)
Summary
The Coronavirus (COVID-19) pandemic significantly disrupted the Czech Republic's economy, with containment measures bringing many key sectors to a standstill, causing a decline in construction output last year. This year, the construction industry is expected to expand by 2.6% in real terms, supported by gradual economic improvement amid a strong recovery in the manufacturing and export activities, coupled with increased vaccination across the country. The country has benefited from the economic recovery globally and in Europe, as the Czech Republic economy is highly integrated into international value chains with the export-to-GDP ratio among the highest in the European Union (EU) in 2020. Howeve......
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Construction in Portugal - Key Trends and Opportunities to 2025 (H2 2021)
Summary
GlobalData expects the Portuguese construction industry to grow by 4% this year and register an annual average growth of 1.9% between 2022-2025, supported by the government's focus on developing the country's infrastructure. Growth in 2021 will mainly be driven by the public and private sector investments in both building and civil engineering works. The Portuguese construction industry grew by 3.2% year on year (YoY) in the second quarter of 2021, preceded by Y-o-Y growth of 5.1% in Q1 2021 and 4.3% in Q4 2020, according to the data released by Instituto Nacional de Estatística (INE).
In October 2020, the government approved the 2030 National Investment Program (PNI), under which it intends to spend EUR4......
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Construction in New Zealand - Key Trends and Opportunities to 2025 (H2 2021)
Summary
GlobalData has revised New Zealand's construction industry growth upwards in 2021, with the industry now forecast to record growth of 12.2%, following a contraction of 5.6% in 2020. The upward revision from the earlier forecast of 7.8% in 2021 is due to the country's success in containing the spread of COVID-19, the reopening of its domestic economy and the resumption of all delayed construction works. According to Statistics New Zealand, the construction industry's value add rose by 25.9% in the first six months of 2021.
In order to bolster economic growth and support the construction industry during the early stages of the pandemic, the government announced plans to fund large shovel-ready infrastruct......
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