Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "Global Homes and Buildings Industry Outlook, 2024" report has been added to ResearchAndMarkets.com's offering.
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 report 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 and regional outlooks for North America, Europe, Asia-Pacific, and Rest of World, with indicators on clean energy progress in each region.
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. 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.
Top Predictions for 2024
- AI and Super Computing for Climate Change Mitigation
- Human-centric Lighting
- Sustainable and Circular Lighting
- Cybersecurity Challenges
- Digitised Maintenance
- Sustainable Climate Control Systems
- Next-generation Voice Assistants
- Immersive Connected Home Experience
- AI-infused Construction Analytics
- AI-driven PropTech Applications
Companies to Watch in 2024:
- Resideo Technologies
- Siemens
- Autodesk
- Schneider Electric
- Honeywell
Key Topics Covered:
Growth Dynamics
- Highlights for 2023
- Industry Challenges
- The 2023 Global Homes and Buildings Industry - Forecast vs Actual
- Global Homes and Buildings Industry Revenue
- Top Predictions for 2024
Growth Environment and Scope
- Research Scope
- Market Segmentation
Revenue Trends - 2024
- Forecast Assumptions
- Revenue Forecast by Segment
- Revenue Forecast by Region
Top Predictions - 2024
- Top Predictions
- Prediction 1 - AI and Super Computing for Climate Change Mitigation
- Prediction 2 - Human-centric Lighting
- Prediction 3 - Sustainable and Circular Lighting
- Prediction 4 - Cybersecurity Challenges
- Prediction 5 - Digitised Maintenance
- Prediction 6 - Sustainable Climate Control Systems
- Prediction 7 - Next-generation Voice Assistants
- Prediction 8 - Immersive Connected Home Experience
- Prediction 9 - AI-infused Construction Analytics
- Prediction 10 - AI-driven PropTech Applications
Impact Assessment Matrix - Prioritising 2024 Predictions
- Impact Assessment Matrix - Predictions 2024
Segments Outlook - 2024
- Lighting
- Critical Building Equipment
- Smart Building Management
- Smart Homes
- Facility Management
- Construction Management
Companies to Watch - 2024
- Resideo Technologies, Inc. (Resideo)
- Siemens AG
- Autodesk
- Schneider Electric
- Honeywell
- Other Companies to Watch for 2024
Regional Outlook - 2024
- North America
- Europe
- APAC
- Rest of World
Conclusions
Growth Opportunity Universe
- Growth Opportunity 1: Resurgence of Light-as-a-Service (LaaS) Through Digital and Circular Lighting Services
- Growth Opportunity 2: Cybersecurity is Critical to Enhance the Integrity of Smart Building Systems
- Growth Opportunity 3: Building-level Energy Efficiency Regulations and Codes are Vital for Reaching Net Zero Emission Goals
For more information about this report visit https://www.researchandmarkets.com/r/ev9wlo
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