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DUBLIN--(BUSINESS WIRE)--Aug 20, 2024--
The "Homes and Buildings Industry Outlook, 2024" report has been added to ResearchAndMarkets.com's offering.
The report emphasizes the dynamic nature of the market that is undergoing rapid changes because of decarbonisation, digitization, and sustainability measures, as well as external economic and geopolitical forces.
The homes and buildings industry experienced a solid 7.2% growth in 2023, driven by increasing demand for facility management services, smart home devices, transition towards energy-efficient HVAC systems, tech-driven building optimisation solutions, and construction management solutions. This growth was further propelled by the increasing adoption of Internet of Things (IoT) and artificial intelligence (AI) technologies, particularly in the realm of intelligent building solutions.
The industry, however, faces several challenges, including rising building operation costs, rising construction material costs and project delays, system integration challenges, capital risks, and market instability. Moreover, geopolitical crises loom as potential disruptors in the industry's performance for 2024.
In response to these challenges and opportunities, the publisher provides an in-depth analysis of critical industry influencers and indicators, offering predictions and trends for 2024. The report covers various industry segments, such as lighting, critical building equipment, smart building management, facility management, smart homes, and construction management. Additionally, the report presents revenue forecasts, revenue shares by subsegment, the publisher's perspective, and regional outlooks for North America, Europe, Asia-Pacific, and Rest of World, with indicators on clean energy progress in each region.
Key areas of focus include heightened awareness of climate change, promotion of energy efficiency policies, cybersecurity in the built environment, digital and circular lighting practices, AI-enabled applications in the AEC industry, and the growing need for a personalised user experience in smart homes. The report highlights growth opportunities for industry participants to explore, encouraging the expansion of portfolios in key growth zones to foster new revenue streams and solidify growth strategies amidst evolving market dynamics.
Growth Opportunity Universe
Key Topics Covered:
Growth Dynamics
Strategic Imperatives
Growth Environment and Scope
Revenue Trends - 2024
Top Predictions - 2024
Impact Assessment Matrix - Prioritising 2024 Predictions
Segments Outlook - 2024
Companies to Watch - 2024
Regional Outlook - 2024
Conclusions
For more information about this report visit https://www.researchandmarkets.com/r/zu3go
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KEYWORD:
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY URBAN PLANNING LANDSCAPE INTERIOR DESIGN BUILDING SYSTEMS ARCHITECTURE OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Research and Markets
Copyright Business Wire 2024.
PUB: 08/20/2024 08:33 AM/DISC: 08/20/2024 08:33 AM
http://www.businesswire.com/news/home/20240820171945/en