Published : Sep-2021
No. of Pages : 56
Internet of Things (IoT) in Construction - Thematic Research
Filed in: construction
Publisher : GlobalData
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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.
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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 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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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.
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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.
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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.”
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