Sustainability Issues will Continue to Shed New Perspectives on Buildings
The market outlook focus on five important areas in the building industry that have the potential for business opportunities for market participants in the Asia-Pacific region. Driven by government initiatives, property developers are shifting their business focus on sustainable and resource efficient buildings. The building industry is challenged by rising resources costs such as energy, water, and raw materials for building construction. In addition, the changing global climate is expected to place saftey of buildings at risk.
In 2014, there are five main areas that market participants in Asia-Pacific's building industry may consider focusing on:
Driven by government initiatives, property developers are shifting their business focus on sustainable and resource-efficient buildings. Green buildings are generally designed and built to reduce consumption and reliance on energy, water, and building construction materials.
In smart buildings, the performance of the building is enhanced, as all components are integrated to work together with the help of systems, technologies, and tools that will ultimately manage and minimize energy consumption.
Solar energy has been generating attention of late due to the depletion of non-renewable and polluting natural resources such as crude oil, natural gas, and coal. Solar energy is being explored as a renewable and energy-efficient technology that is widely used in green buildings.
The change in weather patterns and frequent natural disasters in Asia-Pacific will compel market participants to introduce disaster-shield building concepts.
Resource conservation, which entails the recycling and reuse of industrial materials and construction/demolition waste for the purpose of new construction, is gaining popularity. Besides minimizing waste that negatively impacts the environment, waste materials may be engineered to possess better properties than conventional building materials.
The building industry includes markets such as building construction, green buildings, and smart buildings. The markets may encompass equipment markets (for example, automation hardware and software, lighting, and air-conditioning), and/or services markets (design, construction, and operation). The industry excludes equipment and services related to site remediation, environmental assessment, and civil and structural engineering.
Unless otherwise indicated in this study, market size refers to the sales revenue of products and services within the markets mentioned in this study. It excludes book revenue or revenue uncollected from current and future contracts.
The new market research report is available in its catalogue titled ‘5 Critical Hot Spots in the Building Industry in Asia-Pacific in 2014‘.