Construction Industry Overview

The insulating glass window market consists of sales of insulating glass windows by entities (organizations, sole traders, and partnerships) that are used to prevent significant heat transfer inside or out of a home or a building. Insulating glass is made up of two or more glass window panes divided by a vacuum or gas-filled cavity, which helps to limit heat transmission over a section of the building environment. IGUs, or insulating glass units, are used to keep buildings warm in the winter and cool in the summer. The main types of products in insulating glass window are vacuum insulating glass (VIG), gas-filled insulating glass, and air-filled insulating glass. Isolating glazing (IG) with an evaporated area between the two sheets of glass makes up vacuum insulating glass (VIG). Due to this it achieves a high level of thermal insulation and reduces the transfer of heat to a low level. The different types of sealants include silicone, polysulfide, hot melt butyl, polyurethane, and others. The various spacer types involve thermoplastic, aluminum box, galvanized steel, intercept, stainless steel box and is used by several sectors such as residential, and commercial. The global insulating glass window market size is expected to grow from $11.29 billion in 2021 to $12.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The insulating glass window market is expected to reach $16.26 billion in 2026 at a CAGR of 6.7%. Increasing demand for energy-efficient buildings is expected to propel the growth of the insulating glass window market over coming years. Energy-efficient buildings reduce the amount of energy required for heating and cooling, regardless of the type of energy used or the equipment used to heat or cool the structure. Insulating glass windows are used in energy-efficient buildings to prevent heat from escaping or entering a home or office. For instance, according to EnergyStar, a government-backed labeling program run by the U.S. Environmental Protection Agency and U.S. Department of Energy that promotes energy efficiency, in the year 2020, nearly 6,500 commercial buildings earned the ENERGY STAR, saving $1.6 billion and and avoiding more than 5 million metric tonnes of greenhouse gas emissions. Therefore, the increasing demand for energy-efficient buildings is driving the growth of the insulating glass window market. Strategic partnerships has emerged as a key trend in the insulating glass window market. Major companies operating in the insulating glass window sector are focused on partnerships and collaborations to strengthen their position. For instance, in October 2021, AGC Glass Europe, a Belgium-based insulated glass manufacturing company, and Masterframe Windows Limited, a UK-based window manufacturer formed a strategic partnership to bring vacuum insulating glazing FINEO to the UK market for PVC-U sash windows. Also, in January 2019 Heliotrope Technologies Inc., a US-based manufacturer of smart glass windows, and MornagoGlass Srl, an Italy-based insulated glass manufacturing company signed a partnership agreement to manufacture insulated glass units with Heliotrope’s proprietary NanoEC smart glass technology. With this partnership, Mornago has joined a growing international network of IGU producers planning to offer smart glass products built on Heliotrope's technology. In January 2020, American Insulated Glass, a USA-based manufacturer, and distributor of glass acquired A.L. Smith Glass Co. for an undisclosed amount. Through this acquisition, American Insulated Glass integrates state-of-the-art technology and expands its manufactured glass capabilities in order to fulfil the expanding demand in the North megalopolis, which includes the Washington, D.C. area. A.L. Smith Glass is a US-based manufacturer flat, insulated, and tempered glass products for commercial windows and industrial sectors. Major players in the insulating glass window market are AGC Inc., Cardinal Glass Industries Inc., Central Glass Co. Ltd., Saint-Gobain, Dymax Corporation, Glaston Corporation, Guardian Glass, H.B. Fuller Company, Vitro Architectural Glass, Internorm International GmbH, Ittihad Insulating Glass Co., Migo Glass Co. Ltd., Nippon Sheet Glass Co. Ltd., Shandong OYADE Sealant Industry Co. Ltd, Scheuten, Sika Industry, and 3M. North America was the largest region in the insulating glass window market in 2020. Europe was the second-largest market in insulating glass window market. The regions covered in the insulating glass window market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the insulating glass window market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global insulating glass window market is segmented - 1) By Product Type: Vacuum Insulating Glass (VIG), Gas Filled Insulating Glass, Air Filled Insulating Glass 2) By Sealant Type: Silicone, Polysulfide, Hot Melt Butyl, Polyurethane, Others 3) By Spacer Type: Thermoplastic, Aluminum Box, Galvanized Steel, Intercept, Stainless Steel Box 4) By End-Use Industry: Residential, Commercial

The fire protection materials for construction market consist of sales of fire protection materials by entities (organization, partnership, sole-traders) that are used to protect the construction sites from fire and other safety situations. Fire-resistant building materials are any materials that resist fire and do not melt for a long time, that is, they can withstand heat long enough for the residents of the structure to safely leave the premises. Fire protection materials include concrete, reinforcement steel, gypsum, cast iron, bricks, asbestos cement, timber, stone, glass, among others. The main types of fire protection materials for construction are coatings, mortar, sealants and fillers, sheets or boards, spray, preformed devices, putty, cast-in devices, and others. Mortar is a substance used to fill the gaps between bricks and blocks in masonry construction. It's a sand, cement, or lime paste that's applied as a paste and hardens. Clay, cement, lime, and sand are naturally fire and heat-resistant materials. It is used in structural, compartmentation, opening protection, fire-stopping materials and implemented in various sectors such as commercial, industrial, residential, others. The global fire protection materials for construction market size is expected to grow from $3.81 billion in 2021 to $4.32 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The fire protection materials for construction market is expected to reach $6.04 billion in 2026 at a CAGR of 8.7%. The growing regulations on the mandatory use of fire safety materials are likely to have a positive impact on the growth of fire protection materials for the construction market. Fire safety standards generally aim to reduce the fire-response of products and materials used in various living environments, such as domestic dwellings, household equipment, furnishings and electronics, buildings, and various modes of transportation. Globally, fire safety standards aim to prevent fires from starting by establishing performance-based norms that, if followed, will improve the fire safety of materials and products. For instance, in March 2020, to improve fire safety in buildings in England and Wales, the Home Office introduced the new Fire Safety Bill. The Fire Safety Act 2021 has passed through the parliamentary process and is implemented as a law in the country. Thus, the growing regulation on the use of fire safety materials will support the further growth of the market. Key manufacturers in the fire materials for construction market are constantly focusing on cutting-edge research and technological advancements to create improved fire protection materials that can withstand fire for a longer period and emit less smoke when burned. For instance, in September 2020, CIN, a Portugal-based company developed two new products C-THERM S110 and C-THERM S111 FD, to protect steel structures from fire. C-THERM S110 and C-THERM S111 FD stand out for their long fire resistance times, which protect structures for up to 150 minutes. The technology in the C-THERM range improves structure safety by delaying the time of collapse in the event of a fire, protecting lives and material goods. In October 2020, API Group Inc., a US-based service provider of specialty, safety, and industrial services acquired SK FireSafety Group for $200 million. This acquisition will help the API Group Inc safety services and specialty services divisions grow and expand geographically. SK FireSafety Group B.V. is a Netherlands-based company that provides fire protection products for businesses. Major players in the fire protection materials for construction market are Hilti Corporation, 3M Company, Akzo Nobel N.V., Morgan Advanced Materials, Isolatek International, Sherwin-Williams, Rolf Kuhn GmbH, Specified Technologies Inc, Tremco Incorporated, BASF SE, USG Corporation, Hempel A/S, PPG Industries Inc, Fire Protection Coatings Limited, ETEX SA, and Contego International Inc. North America was the largest region in the fire protection materials for construction market in 2021. The regions covered in the fire protection materials for construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fire protection materials for construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global fire protection materials for construction market is segmented - 1) By Type: Coatings, Mortar, Sealants and Fillers, Sheets or Boards, Spray, Preformed Device, Putty, Cast-In Devices, Others 2) By Application: Structural, Compartmentation, Opening Protection, Firestopping Materials 3) By End User: Commercial, Industrial, Residential, Others

The single-family modular and prefabricated housing construction market consists of sales of single-family modular and prefabricated houses and related services that are used in residential, commercial, and industrial sectors. Modular construction is a method in which, through managed plant circumstances, a building is developed off-site using the same resources and constructing the same codes and specifications as conventionally designed structures but in about half the time. All modular buildings are prefabricated, but all prefabricated buildings might or might not be modular. The main types of single-family modular and prefabricated housing construction are permanent and relocatable houses. A partially or fully assembled building that is created at a building manufacturing facility employing a modular construction technique and meets applicable codes or state standards is referred to as relocatable home construction. Relocatable buildings are intended to be reused or repurposed several times before being transferred to new construction locations. The different materials include steel, wood, concrete, others and are used in residential, commercial, industrial applications. The global single-family modular and prefabricated housing construction market is expected to grow from $40.74 billion in 2021 to $42.64 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The growth in the single-family modular and prefabricated housing construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The single-family modular and prefabricated housing construction market is expected to reach $51.23 billion in 2026 at a CAGR of 4.7%. The significant focus on cost savings is a key factor driving the growth of the single-family modular and prefabricated housing construction market. Modular design can minimize project deadlines by as much as 50% as well as costs by 20%. They lead to increased productivity, lower employment expenses associated with purchasing units along a production line. According to a report on modular construction, in Europe and the US, the modular market value in new real-estate construction is expected to reach $130 billion by 2030 delivering an annual cost saving of $20 billion. Therefore, the significant cost saving is expected to drive the growth of the single-family modular and prefabricated housing construction market. The risks associated with transportation is a key factor impacting the growth of the single-family modular and prefabricated housing construction market. As modules are prefabricated in a factory away from the worksite, they must either be transported specifically to the construction site or assembled in a surrounding venue and then set up. The transporters and operators must be extremely cautious with each module, if one fails during transportation the entire module may require major repairs or replacements. So, it is necessary for transport and rigging businesses to make a serious effort to trace the routes and plan the mechanics to transfer the modules along their path. For instance, a construction project in Philadelphia had modular arrived, positioned, and set relatively smoothly but interior drywall was cracked due to the raising of the modules. Implementation of Building Information Modeling (BIM) in modular construction is an emerging trend in the single-family modular and prefabricated housing construction market. Building Information Modeling is a revolutionary technique for designing, building, and managing construction models. This 3D model-based technology provides a digital representation of a building's physical and functional qualities. The technology enables all parties engaged in the built asset's creation and lifespan management to share data and collaborate. During the pre-construction phase, BIM provides specialists with a 3D picture of the structure. It allows specialists to detect potential incompatibilities in mechanical, electrical, and plumbing (MEP) systems and address them at an early stage. For instance, in October 2021, AGACAD, a Lithuania based software company launched Panel Packer based on 3D technology. In Autodesk Revit, Panel Packer is a sophisticated tool for organising the sorting, packing, and loading of prefabricated construction components. In January 2020, GS Engineering & Construction (E&C), a South Korea based construction company acquired Danwood S.A., from Enterprise Investors for a deal amount of $155 million. Through this acquisition, GS E&S planned to enter the European modular housing market by utilizing the strengthen, networks, and technology of Danwood. Danwood S.A. is a Poland based company that specialises in the construction of timber frame houses. Major players in the single-family modular and prefabricated housing construction market are Red Sea Housing Services, Skanska AB, Bouygues Construction, ACS Actividades de Construcción y Servicios SA, Lindal Cedar Homes Inc., Kiewit Corporation, Balfour Beatty Plc., Taisei Corporation, System House R & C Co. Ltd., Larsen & Toubro Limited. Asia Pacific is the largest region in the single-family modular and prefabricated housing construction market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the single-family modular and prefabricated housing construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the single-family modular and prefabricated housing construction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global single-family modular and prefabricated housing construction market is segmented - 1) By Type: Permanent, Re-Locatable 2) By Material: Steel, Wood, Concrete, Others 3) By Application: Residential, Commercial, Industrial

The construction market consists of sales of construction services and related goods by entities (organizations, sole traders and partnerships) that construct buildings or engineering projects (e.g., highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. The global construction market size is expected to grow from $13570.90 billion in 2021 to $15171.80 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth in the construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The construction market is expected to reach $22873.96 billion in 2026 at a CAGR of 10.8%. The increasing construction activities in emerging markets is expected to propel the growth of the construction market over coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects. Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Major companies in the construction market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co., Ltd., China Evergrande Group. Asia Pacific was the largest region in the construction market in 2021. North America was the second-largest region in the construction market. The regions covered in the construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development

The 3D printing building construction market consists of the sales revenue earned by entities (organizations, sole traders, and partnerships) that construct buildings through 3D printers and offer related services. 3D printing or additive manufacturing is a computer-controlled sequential layering of materials to create three-dimensional shapes. In the construction industry, 3D printing is used to build components of building or to create a whole building. It helps to construct faster and more accurate structures with reduced labor costs and less wastage. The main types of 3D printing building construction are modular, and full building. Modular building entails generating standardized structural components in an off-site factory and then assembling them on-site. The processes used are extrusion, powder bonding, and others and the materials used are concrete, plastic, metal, hybrid, and others. The 3D printing building construction includes residential, commercial, and industrial construction. The global 3D printing building construction market size is expected to grow from $0.01 billion in 2021 to $0.02 billion in 2022 at a compound annual growth rate (CAGR) of 177.0%. The growth in the 3D printing building construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The 3D printing building construction market is expected to reach $0.87 billion in 2026 at a CAGR of 169.3%. The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, safe, cuts labour costs, is environmentally friendly, and easily helps build complex building structures. 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces the labour costs by 50%-80%, production time by 50%-70%, and construction waste by 30%-60%. Therefore, the economic benefits offered by 3D printing construction is expected to significantly boost the market growth. A high initial capital investment requirement is anticipated to impact the growth of the 3D printing building construction market over the coming years. The high cost of 3D printers and their maintenance is a major challenge for industry players. According to Winsun 3D Builders, a 3D printing construction company, the high initial investment of 3D concrete printers is currently at a level that requires high capital and decent construction projects in order to support small and medium companies to overcome the capital requirements for expansion and growth. The requirement of high initial capital to set up the process is expected to hinder the growth of the 3D printing building construction market in the forecast period. Increasing flexibility in 3D printing operations using advanced software is a major trend shaping the growth of the 3D printing building construction market. In November 2019, AMFG, a UK-based provider of MES software, announced the strategic partnership with EOS to enable machine connectivity and end-to-end workflow automation for additive manufacturing. The companies together plan to offer customers the management of their entire additive manufacturing operations with AFMG’s Manufacturing Execution System (MES) and direct connectivity to machines with the software platform. EOS is a technology supplier in the field of industrial 3D printing of polymers and metals. In January 2019, Apis Cor, a company engaged in 3D printing in construction, announced a strategic collaboration with Gerdau, supplier of long and special steel worldwide. The collaboration is aimed at accelerating Apis Cor’s ability of 3D printing in the construction industry in the USA and South America. Gerdau previously supported Apis Cor in the “3D printing habitat challenge” organized by NASA. Gerdau was founded in 1901 and is a long steel producer based in Brazil. Major players in the 3D printing building construction market are XtreeE, Winsun (Yingchuang Building Technique), Skanska, Apis Cor, Al Build, Branch Technology, Zhuoda Group, Cazza Construction Company, Contour Crafting Corporation. Asia Pacific is the largest region in the 3D printing building construction market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3D printing building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 3D printing building construction market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global 3D printing building construction market is segmented - 1) By Construction: Modular, Full Building 2) By Process: Extrusion, Powder Bonding, Others 3) By Printing Material: Concrete, Plastic, Metal, Hybrid, Others 4) By End User: Residential, Commercial, Industrial

The single-family smart homes market consists of sales of smart appliances and their related services used in single-family homes. Smart homes are futuristic buildings equipped with advanced electronics and wireless devices. The smart home system requires a web portal or smartphone application to interact with the automated system as a user interface. The smart home appliances include smart entertainment, smart lighting, home security and smart appliances, which are controlled by sensors, timers, switches and remote controllers. The main types of products in single-family smart homes are smart lighting, entertainment, smart appliances, and others. Smart lighting is a type of lighting that is designed to save energy while also providing security and convenience. This could incorporate energy-efficient fixtures and automatic controls which adjust based on factors including occupancy or daylight availability. The different technologies include Wi-Fi, Bluetooth, GSM/GPRS, RFID, others and the software and service used include proactive and behavioral. The global single-family smart homes market size is expected to grow from $70.15 billion in 2021 to $83.78 billion in 2022 at a compound annual growth rate (CAGR) of 19.4%. The growth in the single-family smart homes market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The single-family smart homes market is expected to reach $162.87 billion in 2026 at a CAGR of 18.1%. The increasing number of connected homes and growing implementation of smart home appliances including speakers, home healthcare products, lightning systems, smart kitchen, smart furniture, and HVAC control solutions is projected to contribute to the higher demand for single-family smart homes market. According to the smart home statistics 2021, 57% of homes in Britain contain a smart device, and 23% of Britain, i.e., 66.44 million people have a smart item. In addition, in the UK, there are 2.22 million smart homes. Therefore, the increasing implementation of smart home appliances together with a growing number of connected homes across the globe is anticipated to boost the demand for single-family smart homes market over the forecast period. High installation cost is projected to limit the growth of the single-family smart homes market. For instance, the typical cost to automate a home in the US is between $2,000 and $7,000, with most homeowners spending around $5,500 to automate their lights, door locks, and thermostats, as well as install a smart speaker, hub, and smart plugs in three rooms. Therefore, the high installation cost associated with high-cost smart appliances is expected to act as a major restraint for the growth of the single-family smart homes market. Technological advancements related to the internet of things (IoT) and smart home devices is a major trend in the industry. According to a report published by TrendinFocus in July 2019, a big number of users have started using IoT devices and smart homes. In 2020, the number of connected IoT devices used were 11.3 billion. According to IoT Analytics, the global number of linked IoT devices will reach 27 billion by 2025. The newly launched smart speakers by Google Assistant and Amazon Alexa are shaping the growth of smart devices. Moreover, in December 2019, Lenovo, a Chinese multinational technology company, launched a range of smart home devices including smart bulbs, smart display and smart camera. The company aims at expanding its product portfolio in India. Therefore, technological advancement in IoT and smart home devices is expected to remain a key trend and boost the revenue for the single-family smart homes market. Major players in the single-family smart homes market are Lennar Corporation, Meritage Homes Corporation, Metricon, Porter Davis, Henley, Carlisle, Elan Homes (Nortek Security & Control, LLC), PulteGroup Inc., KB Smart Home, TRI Pointe Group. Asia Pacific is the largest region in the single-family smart homes market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the single-family smart homes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the single-family smart homes report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global single-family smart homes market is segmented - 1) By Product: Smart Lighting, Entertainment, Smart Appliances, Others 2) By Technology: Wi-Fi, Bluetooth, GSM/GPRS, RFID, Others 3) By Software And Service: Proactive, Behavioral

The non-residential green buildings market consists of sales of non-residential green buildings. Green Buildings, in their design, construction or operation, have minimal or no negative impacts on environment and climate but have positive impacts by preserving precious natural resources and improve the quality of life. This practice creates and uses healthier and more resource-efficient models of construction, renovation, operation, maintenance and demolition. The market consists of revenue generated by the companies and people by the sale of non-residential green buildings. The main product types of non-residential green buildings are interior products and exterior products. Interior products are low-impact natural materials, including natural clay plaster, natural fiber flooring, paperless drywall, and low VOC content paints and coatings, that replace synthetic materials in the interior finishes of green buildings. The major components include roofing, insulation, framing, exterior siding, interior finishing, others and are used in office, education, hotels and restaurants, retail, institutional/ assembly, healthcare, and warehouse. The global non-residential green buildings market is expected to grow from $859.52 billion in 2021 to $951.77 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The growth in the non-residential green buildings market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The non-residential green buildings market is expected to reach $1354.59 billion in 2026 at a CAGR of 9.2%. Increased need for sustainable and eco-friendly solutions contributed to the growth of the non-residential green building market. According to the USGBC (U.S. Green Building Council) report, green buildings can reduce carbon emission by 34% and consume 25% less energy than the conventional buildings. For instance, in India, by the end of 2019, there were more than 5,723 green building projects registered and most of the projects are commercial spaces. It has now become essential for commercial construction companies to give priority to sustainable design and construction techniques to utilize our planets finite resources in a sensible way. Encouraging sustainable business practices is an important reason for building green in most countries for conservation of energy and protecting natural resources. Moreover, increased concerns of global warming resulted in sustainable and eco-friendly activities increased the demand for Non-residential green building market. Concern about affordability and perception that green is for a high-end projects is expected to limit the growth of the non-residential green building market. Green is associated with high end projects is a growing perception worldwide. According to North American Dodge Data & Analytics green building trends report, nearly 37% in US and 36% in Canada perceived those green buildings are not affordable and are only meant for high end projects and 1/3 of respondents in Germany perceived accordingly. Similarly, around 41% of UAE, 32% of Southeast Asians and 37% of South Africans reported it as an obstacle and acting as one of the major challenges. Decreasing affordability due to increased perception that green is for a high end project is limiting the growth of the market. Living roofs or green roofs is increasingly being implemented in green buildings. A green roof is a roof of a building that is covered with vegetation and soil, or a growing medium, planted over a waterproofing membrane. Green roofs last longer when compared to conventional roofs. They also reduce energy costs with natural insulation, reduce the temperatures (heat and cold) by absorbing and trapping them, and reduce storm water runoff, filters pollutants and carbon dioxide out of the air and increase wildlife habitat in built-up areas. It is believed that to reduce the ambient temperature of the city by 2%, then 8% of roofing in the city must be greener. In the USA, around 25 cities have some sort of program to encourage green roofs and in Portland, Ore, it is mandatory to have vegetation cover 100% of the roofs on buildings in the central city over 20,000 square feet (with some exceptions). Therefore, green roof is an emerging trend in nonresidential green building market. Major players in the non-residential green buildings market are Turner Corp., Clark Construction, AECOM, Swinerton, Hensel Phelps, Skanska, Whiting-Turner Contracting Co., Holder Construction, Webcor, Walsh Group. Asia Pacific is the largest region in the nonresidential green buildings market in 2021. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the non-residential green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nonresidential green buildings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global nonresidential green buildings market is segmented - 1) By Product: Interior Products, Exterior Products 2) By Application: Office, Education, Hotels and Restraurants, Retail, Institutional/ Assembly, Healthcare, Warehouse 3) By Component: Roofing, Insulation, Framing, Exterior Siding, Interior Finishing, Others

The building equipment contractors market consists of sales of building equipment contractors services and related goods by entities (organizations, sole traders and partnerships) that install or service equipment that forms part of a building’s mechanical system (e.g., electricity, water, heating, and cooling). The work performed may include new work, additions, alterations, maintenance, and repairs. The main type of building equipment contractors are electrical contractors and other wiring installation contractors, plumbing, heating and air-conditioning contractors, and other building equipment contractors. Plumbing refers to any system that transports fluids for a variety of purposes. To transport fluids, plumbers employ pipes, valves, plumbing fittings, tanks, and other devices. The different service providers include large chain companies and independent contractors and are available in modes such as online and offline. The building equipment contractors are involved in residential construction, nonresidential building construction, and utility system construction and others. The global building equipment contractors market is expected to grow from $2504.93 billion in 2021 to $2795.71 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The growth in the building equipment contractors market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The building equipment contractors market is expected to reach $4171.57 billion in 2026 at a CAGR of 10.5%. A rapidly growing urban population is expected to increase the demand for new residential and commercial buildings, during the forecast period. According to the UN World Urbanization Prospects report, globally it is projected that more than two-thirds (60%) of the world's population will be living in cities by 2050. For instance, large opportunities are expected to arise in Asian countries such as Indonesia, Vietnam and the Philippines which are becoming increasingly popular for export-oriented manufacturing. According to the World Bank, urban population in South Asia is expected to grow by 250 million by 2030. This rapid urbanization is expected to boost the demand for new infrastructure and drives the building equipment contractors market during the forecasted period. The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the non-residential building construction market in 2020 as supply chains were disrupted due to trade restrictions and construction activities were affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Construction companies depend on supply of raw materials and equipment from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, companies had to halt construction activities due to lack of equipment and raw material. The outbreak continues to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the non-residential building construction market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Smart wearables are paving their way into the building equipment contractors market and are being used by supervisors for monitoring operations. Wearable technology in the construction industry will not only have value for workers but can also enhance a company’s ability to manage safety. Wearable are devices that generally include a computer or electronic device, worn on the body, personal protective equipment, or clothing. Sensing wearables like the smart cap, badges, and biosensors evaluate real-time data like location, impact, motion, temperature, and vital signs. Microsoft's device, HoloLens, allows users to use augmented or mixed reality on the job site. Users can overlay 3D building plans over a site. The plans are to scale so project managers can actually see how things will work and fit on the site, reducing the rework requirement. For instance, in 2020, national framework organisation Pagabo, with the goal of improving site management and promoting wellbeing in the construction industry, has teamed with health tech startup Moodbeam to produce the Moodbeam One, a wearable gadget that allows construction workers to collect mood in real-time. Major companies in the building equipment contractors market include KONE Corporation, Comfort Systems USA, Inc., Balfour Beatty plc, Fletcher Building Ltd., Vinci SA. Asia Pacific was the largest region in the building equipment contractors market in 2021. North America was the second-largest region in the building equipment contractors market. The regions covered in the building equipment contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the building equipment contractors market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global building equipment contractors market is segmented - 1) By Type: Electrical Contractors And Other Wiring Installation Contractors, Plumbing, Heating And Air-Conditioning Contractors, Other Building Equipment Contractors 2) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Others 3) By Service Provider: Large Chain Companies, Independent Contractors 4) By Mode: Online, Offline