Construction Coverage

Office Buildings Market Definition

Office buildings refer to buildings where businesses and organizations carry out their work. Office buildings provide spaces for administrative, professional and clerical activities. The office buildings market consists of revenues generated by entities (organizations, sole traders or partnerships) through construction of office buildings that are designed to accommodate businesses and their employees, facilitating day-to-day operations, meetings and other work-related functions. Office buildings are utilized across various industries, including finance, technology, consulting and government, serving as a critical infrastructure for the conduct of business and the delivery of services.

Property Technology (Proptech) Market Definition And Segments

Property technology (prop-tech) refers to using technology to innovate, streamline, and enhance various aspects of the real estate industry. This includes software, hardware, and platforms that digitize and optimize property management, development, sales, leasing, and investment processes. PropTech solutions leverage technologies such as artificial intelligence, big data analytics, the internet of things (IoT), and blockchain to improve efficiency, transparency, and user experience in real estate transactions and operations. The main components of proptech are solution and services. PropTech solutions refer to the use of technology to improve and streamline various aspects of the real estate industry, including buying, selling, renting, investing, designing, constructing, and managing properties. They are deployed based on on-premise and cloud learning modes for various properties include residential property and commercial property by housing associations, property managers agents, property investors, and other end users. The property technology (Proptech) market covered in this report is segmented – 1) By Component: Solution, Service 2) By Deployment: On-Premise, Cloud Learning 3) By Property Type: Residential Property, Commercial Property 4) By End User: Housing Associations, Property Managers Or Agents, Property Investors, Other End Users The property technology (Proptech) market size has grown rapidly in recent years. It will grow from $31.18 billion in 2023 to $36.08 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to growing urbanization, smart home automation, e-signature solutions for contracts, AI-driven property valuation, and crowd-funded real estate investments. The property technology (Proptech) market size is expected to see rapid growth in the next few years. It will grow to $63.28 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to AI-driven property valuation, highly use of blockchain for secure transactions, mobile applications for property transactions, cloud-based property management systems, drone technology in property surveying. Major trends in the forecast period include rise of artificial intelligence (AI) and machine learning, blockchain for security and transparency, smart building technologies, data security and privacy measures, flexible and remote work solutions.

The Surge In Demand For Digital Property Management Solutions Fuels PropTech Market Expansion

The increasing demand for digital property management solutions is expected to propel the growth of the property technology (PropTech) market going forward. Digital property management refers to using technology and software to streamline and enhance various aspects of property management. Digital property management solutions offer streamlined lease management, rent collection, and maintenance tracking. Digital property management solutions offer simplified and automated processes, including tenant onboarding, rent collection, maintenance requests, and lease management. These solutions reduce manual workloads, improve operational efficiency, and enhance overall property management effectiveness. For instance, in 2021, according to a survey by the National Apartment Association (NAA), a US-based non-profit trade association, 70% of property managers considered investing in PropTech solutions to enhance operational efficiency. Therefore, the increasing demand for digital property management solutions is driving the growth of the property technology (PropTech) market. Major companies operating in the property technology (Proptech) market are Opendoor Technologies Inc., Airbnb Inc., WeWork Companies Inc., Stitch AI Inc., Compass Inc., EquipmentShare.com Inc., HomeLight Inc., Pacaso Inc., Kin Insurance Inc., VTS Inc., Hometap Equity Partners LLC, Roofr Inc., Homeday GmbH, Engrain LLC, Landbay Partners Limited, Bilt Rewards Inc., Orchard Platform Corporation, flatfair Limited, Plentific Limited, Lavanda Technologies Limited, HomeViews Limited, Ideal Flatmate Ltd, Ohmyhome Pte. Ltd., Acaboom Limited

PropTech Market Dynamics Driving Technological Advancements for Enhanced Real Estate Operations

Major companies operating in the property technology (Proptech) market are focusing on technological strides, such as the PropTech platform, to sustain their position in the market. The PropTech platform refers to the intersection of the real estate industry with technology and software. For instance, in September 2022, HDFC Capital and Invest India, an India-based company, jointly introduced the PropTech platform called HDFC Real Estate Tech Program, which aims to foster collaborations between technology companies and the real estate sector. The platform's main objective is to identify, acknowledge, and honor groundbreaking innovations in the fields of construction tech, sales tech, fintech, and sustainability tech within the real estate industry.

MRI Software Strengthens Global Presence With Acquisition of PropTech Group Limited

In October 2022, MRI Software, a US-based company that provides real estate and investment management software to real estate owners, investors, and operators, acquired PropTech Group Limited for $93.4 million. This acquisition is expected to strengthen MRI Software's position in the market and enhance its suite of solutions for residential and commercial real estate. PropTech Group Limited is a US-based company specializing in real estate software that offers products such as VaultRE, VaultEA, EagleCRM, Real Estate Investor, Website Blue, Designly, and RentFind Inspector. North America was the largest region in the property technology (PropTech) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the property technology (proptech) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the property technology (proptech) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The property technology (PropTech) market includes revenues earned by entities by providing services such as property listing and search platforms, property management software, smart home technologies, crowdfunding and real estate investment platforms, blockchain and smart contracts, facilities management solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The property technology (PropTech) market also included sales of smart thermostats, smart locks, smart lightbulbs, smart speakers and voice assistants, security cameras, and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The proptech market research report is one of a series of new reports from The Business Research Company that provides proptech market statistics, including proptech industry global market size, regional shares, competitors with a proptech market share, detailed proptech market segments, market trends and opportunities, and any further data you may need to thrive in the proptech industry. This proptech market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Thermal Insulation Material Market Definition And Segments

Thermal insulation material refers to substances or products designed to reduce the transmission of heat between objects or areas with different temperatures. Insulation is installed in walls, roofs, floors, and other structural elements to reduce heat transfer, minimize heat loss in winter, and prevent heat gain in summer. The main products of thermal insulation material market covered are roof insulation, wall insulation, and floor insulation. Thermal insulation materials are used in roof insulation to minimize heat transfer through the roof structure. There are two types of buildings such as residential buildings and non-residential buildings. The applications involved are stone wool, glass wool, plastic foam, and other applications that are used by various end-user industries, including furniture, automotive, electronics, medical, retail, appliances, consumer goods, and other end users. The thermal insulation material market covered in this report is segmented – 1) By Product: Roof Insulation, Wall Insulation, Floor Insulation 2) By Building Type: Residential Building, Non-Residential Building 3) By Application: Stone Wool, Glass Wool, Plastic Foam, Other Applications 4) By End Use: Furniture, Automotive, Electronics, Medical, Retail, Appliances, Consumer Goods, Other End Users The thermal insulation material market size has grown strongly in recent years. It will grow from $58.71 billion in 2023 to $62.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to government regulations, energy efficiency awareness, technological advancements, construction industry growth, rising energy costs. The thermal insulation material market size is expected to see steady growth in the next few years. It will grow to $74.85 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increased urbanization, climate change mitigation efforts, emphasis on sustainable construction, adoption of green building standards, advancements in material science. Major trends in the forecast period include development of bio-based insulation materials, expansion of the retrofitting market, rise of smart insulation solutions, integration of nanotechnology in insulation materials.

Rising Building And Construction Driving Growth Of The Thermal Insulation Material Market

The rising building and construction industry is expected to fuel the growth of the thermal insulation material market going forward. The building and construction industry encompasses a wide range of activities related to the design, development, and erection of structures such as residential buildings, commercial buildings, infrastructure projects, and industrial facilities. The building and construction industries use thermal insulation materials to enhance the energy efficiency, comfort, and sustainability of buildings. For instance, in January 2024, according to the United States Census Bureau, a US-based government agency, an estimated 1,452,500 housing units were completed, representing a 4.5% increase in 2023 compared to the preceding year's number of 1,390,500. Therefore, the rising building and construction industry is driving the thermal insulation material market. Major companies operating in the thermal insulation material market are BASF SE, Compagnie de Saint-Gobain S.A., Dow Chemicals Company, Bayer AG, Asahi Kasei Corporation, DuPont de Nemours Inc., Owens Corning, Kingspan Group PLC, Huntsman International LLC, Rockwool International A/S, Fletcher Building Products Ltd., Guardian Building Products Inc., GAF Materials Corporation, Armacell International, Paroc Group, Johns Manville Corporation, Byucksan Corporation, Jushi Group Corporation, Aspen Aerogels Inc., Atlas Roofing Corporation, Cellofoam North America Inc., Isocell GmbH, CertainTeed Corporation, Roxul Inc., ARK Thermal Insulation

Increasing Focus On Introducing Innovative Solution In The Thermal Insulation Material Market

Major companies operating in the thermal insulation material market are focused on developing innovative products with advanced technologies, such as light mineral wool, to increase their profitability in the market. Light mineral wool is a versatile and effective thermal insulation material that contributes to energy efficiency, comfort, and sustainability in buildings. For instance, in May 2023, Isover, part of the Saint-Gobain Group, a France-based manufacturer of thermal and acoustic insulation solutions, launched QTech. QTech is a light mineral wool insulation solution for medium-temperature applications. It offers excellent thermal insulation, shot-free construction for superior heat resistance, and easy handling during installation. Non-combustible and chemically inert, QTech ensures safety and environmental sustainability in industrial, HVAC (Heating, Ventilation, and Air Conditioning), and OEM (Original Equipment Manufacturer) settings.

Etex Group Expands Sustainable Insulation Portfolio With Superglass Acquisition

In June 2023, Etex Group, a Belgium-based gypsum product manufacturing company acquired Superglass Insulation Limited for an undisclosed amount. The acquisition was made to expand Etex's sustainable insulation footprint in Europe beyond its current holdings in glass mineral wool and extruded polystyrene producer URSA. With this agreement, Etex strengthens its already robust operations in the UK and adds to its Insulation division's wide-ranging European sales and production network. Superglass Insulation Limited is a UK-based company that manufactures glass mineral wool insulation products Asia-Pacific was the largest region in the thermal insulation material market in 2023. The regions covered in the thermal insulation material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the thermal insulation material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The thermal insulation material market consists of sales of smart lighting systems, daylight harvesting control systems, and energy-efficient outdoor lighting solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The thermal insulation material market research report is one of a series of new reports from The Business Research Company that provides thermal insulation material market statistics, including thermal insulation material industry global market size, regional shares, competitors with thermal insulation material market share, detailed thermal insulation material market segments, market trends and opportunities, and any further data you may need to thrive in the thermal insulation material industry. This thermal insulation material market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Window Automation Market Definition And Segments

Window automation refers to the process of automating the operation and control of windows in buildings or vehicles using technology. Automation is often integrated into building management systems (BMS) to regulate indoor climate and improve energy efficiency. This automation is also popular in smart home setups, where it can be controlled remotely via smartphones, tablets, or voice assistants. The main types of window automation are electrical, mechanical, and hybrid. Electrical systems powered by electricity, utilize electrical components such as wires, circuits, and motors to perform tasks. The various control systems include fully automatic, push and go, power assist, and low energy. These are used in various applications such as residential, commercial, and industrial. The window automation market covered in this report is segmented – 1) By Type: Electrical, Mechanical, Hybrid 2) By Control Systems: Fully Automatic, Push and Go, Power Assist, Low Energy 3) By Application: Residential, Commercial, Industrial The window automation market size has grown steadily in recent years. It will grow from $5.01 billion in 2023 to $5.25 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to growing awareness of energy efficiency and sustainability, increasing adoption of smart home and building automation systems, regulatory requirements for safety and accessibility standards, demand for enhanced comfort and convenience in buildings. The window automation market size is expected to see steady growth in the next few years. It will grow to $6.25 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to expansion of the construction industry in emerging economies, rising focus on occupant health and wellness in buildings, integration of window automation with IoT and cloud platforms, shift towards green building certifications and standards, adoption of wireless communication protocols for seamless connectivity. Major trends in the forecast period include rise of predictive maintenance and data-driven optimization, emergence of customizable and modular window automation solutions, growth of subscription-based models for window automation services, increased use of ai and machine learning for intelligent control algorithms, evolution towards fully autonomous and adaptive window systems.

Smart Home Device Adoption Driving Window Automation Market Growth

The increasing use of smart home devices and smart homes is expected to fuel the growth of window automation going forward. Smart home devices encompass a wide range of internet-connected devices designed to enhance convenience, comfort, security, and energy efficiency within the home. The demand for smart homes is increasing due to their customization facilities, safety, comfort, and remote monitoring. Smart home devices and smart homes provide the necessary connectivity, control, and integration capabilities to enhance the functionality and efficiency of automated window systems. For instance, in August 2023, according to RubyHome, a US-based real estate company, in the US, 63.43 million homes use smart home devices, and around 7 in 10 homebuyers are willing to buy a smart home. Furthermore, median spending for interior remodeling areas increased 38% in 2021. Therefore, the increasing use of smart home devices and smart homes drives the window automation market. Major companies operating in the window automation market are LIXIL Group, ASSA ABLOY, Legrand, The Jeld-Wen Company, Andersen Corporation, Velux Group, Allegion Plc, dormakaba Group, Nabtesco Corporation, Pella Corporation, Ply Gem Windows, Somfy, Marvin Windows and Doors, Deceuninck NV, Milgard Windows & Doors, Nordic Semiconductor, GEZE GmbH, MI Windows and Doors, CR Laurence, Simonton Windows, STANLEY Access Technologies, Loewen Windows, Sunrise Windows & Doors, GU Group, YKK AP America Inc.

Innovative Smart Window Materials Driving Market Growth

Major companies operating in the window automation market are focused on developing innovative products with advanced technologies, such as smart window materials to increase their profitability in market. Smart window materials, such as electrochromic or thermochromic materials, allow for dynamic adjustments in transparency, tint, or opacity in response to external stimuli such as light levels or temperature changes. For instance, in May 2021, Indian Institute of Technology Guwahati, an Indian public technical university, developed smart window materials for automatic climate control of buildings. It is useful for enhancing both energy efficiency and occupant comfort. These smart window materials pave the way for efficient automatic climate control systems in diverse environments, including buildings, vehicles, locomotives, airplanes, and greenhouses. It dynamically adjusting the intensity of transmitted solar radiation, these windows cater to fluctuating weather and climate conditions, offering a versatile solution for sustainable architectural designs.

SSA ABLOY Expands Market Presence In Turkey With Acquisition Of VHS Plastik Metal

In September 2021, ASSA ABLOY, a Sweden-based company that provides door opening solutions, such as locks, doors, gates, and entrance automation acquired VHS Plastik Metal in turkey for an undisclosed amount. With this acquisition, ASSA ABLOY to expand its market presence in Turkey, an emerging market with significant growth potential. VHS Plastik Metal is a Turkey-based company that manufactures hardware systems for windows and doors, including window automation products. Asia-Pacific was the largest region in the window automation market in 2023. The regions covered in the window automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the window automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The window automation market consists of sales of window operators, motors, controllers, and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The window automation market research report is one of a series of new reports from The Business Research Company that provides window automation market statistics, including window automation industry global market size, regional shares, competitors with a window automation market share, detailed window automation market segments, market trends, and opportunities, and any further data you may need to thrive in the window automation industry. This window automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Construction Material Testing Equipment Market Definition And Segments

Construction material testing equipment refers to a range of instruments, apparatus, and machinery used to assess the physical and mechanical properties of materials commonly employed in construction projects. These testing tools are critical for determining the quality, strength, durability, and conformity of materials with industry standards in a variety of building projects. The main types of construction material testing equipment are soil testing equipment, aggregate testing equipment, concrete testing equipment, and others. Soil testing equipment refers to instruments designed for analyzing the physical and chemical properties of soil samples, aiding in geotechnical and environmental assessments. It is used in various locations, including on-site, R&D laboratories, and educational institutes, for various applications, such as residential, commercial, transport, and others. It is used by various end-users, including food and beverages, pharmaceuticals, metalworking, building and construction, and others. The construction material testing equipment market covered in this report is segmented – 1) By Product Type: Soil Testing Equipment, Aggregate Testing Equipment, Concrete Testing Equipment, Other Products 2) By Location: On-Site, R&D Laboratories, Educational Institutes 3) By Application: Residential, Commercial, Transport, Other Applications 4) By Industry: Food And Beverages, Pharmaceuticals, Metal Working, Building And Construction, Other Industries The construction material testing equipment market size has grown strongly in recent years. It will grow from $3.08 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to infrastructure development, urbanization, stringent regulations, globalization, quality assurance requirements. The construction material testing equipment market size is expected to see strong growth in the next few years. It will grow to $3.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to renewable energy infrastructure, digitalization and industry 4.0, sustainable construction practices, smart cities development, global construction boom. Major trends in the forecast period include integration of artificial intelligence (AI) and machine learning (ML), rise of remote monitoring and telemetry, emphasis on sustainable testing solutions, expansion of portable and handheld devices, adoption of cloud-based testing platforms.

Expansion Of Construction Industry Fuels Growth In The Construction Material Testing Equipment Market

The rising expansion of the construction industry is expected to propel the growth of the construction material testing equipment market going forward. The construction industry refers to the sector dedicated to the planning, creation, renovation, and maintenance of physical structures and infrastructure. The construction sector is growing due to a significant demand for renovation, remodeling, and retrofitting of existing buildings and the increasing development of single-family homes, multi-family housing units, and affordable housing projects. Construction material testing equipment is used in the construction industry to assess the quality, strength, and durability of materials such as concrete, asphalt, soil, and aggregates, ensuring compliance with project specifications and regulatory standards. For instance, in February 2022, according to a report published by the Office for National Statistics, a UK-based administrative office, the annual construction sector rose by a record 12.7% in 2021 compared to the previous year. The volume of monthly construction output climbed by 2.0% in December 2021. In addition to the monthly rise, the construction industry’s quarterly production climbed by 1.0% in Q4 2021 compared to Q3 of the same year. Therefore, the rising expansion of the construction industry is driving the growth of the construction material testing equipment market. Major companies operating in the construction material testing equipment market are Thermo Fisher Scientific Inc., Qualitest International Inc., MTS Systems Corporation, Zwick Roell Group, Aimil Ltd., Instron Corporation, Tinius Olsen Testing Machine Company, Hoskin Scientific, Gilson Company Inc., CONTROLS Group, Cooper Research Technology Ltd., Testmark Laboratories Ltd., Applied Test Systems, Pavement Technology Inc., Papworths Construction Testing Equipment Pty Ltd., Giatec Scientific Inc., Olson Instruments Inc., M&L Testing Equipment Inc., ELE International Ltd., CMT Equipment Ltd., Humboldt Mfg. Co., James Instruments Inc., Matest S.p.A., Torontech Inc., Forney LP

Connected CMT Machines Transforming The Construction Material Testing Equipment Market

Major companies operating in the construction material testing equipment market are developing new advanced solutions, such as connected CMT machines, to gain a competitive edge in the market. Connected CMT (construction materials testing) machines are advanced testing equipment integrated with digital technology and software platforms, allowing seamless communication and data exchange between the machine and external systems. For instance, in January 2024, Forney LP, a US-based construction materials testing machine manufacturing company, launched Connected CMT Machines. These machines revolutionize the testing process by eliminating the risk of specimen misidentification and significantly increasing efficiency and accuracy. With connected machines, technicians can now load and test specimens twice as fast while ensuring that each test is conducted on the correct specimen on the right date. This is made possible through advanced features such as positive specimen identification via barcode scan and pre-test Smart Checks that validate sample data and characteristics. The integration with ForneyVault, a powerful software platform, further enhances the testing process by providing detailed XY plot data for every test, alerts and notifications for calibration expiration and variance, and intelligent workflows for reporting and approvals.

Nova Measurements LLC Enhances Precision Testing Portfolio With Acquisition Of VJ Tech Limited

In November 2022, Nova Measurements LLC, an Italy-based semiconductor manufacturing company acquired VJ Tech Limited for an undisclosed amount. The acquisition is expected to help Nova Measurements LLC strengthen its portfolio in the field of laboratory and on-site precision testing equipment for the construction and civil engineering industries. VJ Tech Limited is a UK-based testing instrument manufacturing company specializing in providing and manufacturing construction material testing equipment. North America was the largest region in the construction material testing equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction material testing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the construction material testing equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The construction material testing equipment market consists of sales of non-destructive testing equipment, safety equipment, and calibration equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction material testing equipment market research report is one of a series of new reports from The Business Research Company that provides construction material testing equipment market statistics, including construction material testing equipment industry global market size, regional shares, competitors with construction material testing equipment market share, detailed construction material testing equipment market segments, market trends, and opportunities, and any further data you may need to thrive in the construction material testing equipment industry. This construction material testing equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Drone Bridge Inspection Services Market Definition And Segments

The drone bridge inspection services refers to a process that involve the utilization of unmanned aerial vehicles (UAVs) equipped with advanced imaging and sensing technologies to assess the structural integrity, safety, and maintenance needs of bridges. These services provide an efficient and cost-effective alternative to traditional manual inspections, offering several advantages, such as increased safety for inspection personnel, reduced inspection time, and access to hard-to-reach areas. The main types for drone bridge inspection services are road bridges and railway bridges. A road bridge refers to a bridge that is designed and constructed to carry vehicular traffic, such as cars, trucks, buses, and motorcycles, over a road or highway, and bridge inspections can include assessing the condition of the bridge deck, superstructure, substructure, abutments, piers, bearings, and other elements for signs of wear, damage, or deterioration. The solutions are categorized into software, services, platforms, and infrastructure used in applications such as construction and infrastructure, agriculture, utilities, oil and gas, mining, and others. The drone bridge inspection services market covered in this report is segmented – 1) By Type: Road Bridge, Railway Bridge 2) By Solution: Software, Services, Platform, Infrastructure 3) By Application: Construction And Infrastructure, Agriculture, Utilities, Oil And Gas, Mining, Other Applications The drone bridge inspection services market size has grown exponentially in recent years. It will grow from $0.12 billion in 2023 to $0.15 billion in 2024 at a compound annual growth rate (CAGR) of 24.8%. The growth in the historic period can be attributed to cost-effectiveness compared to traditional inspection methods, enhanced safety and accessibility for difficult-to-reach structures, improved data accuracy and quality, regulatory support and compliance, growing demand for infrastructure maintenance, adoption by engineering and construction firms. The drone bridge inspection services market size is expected to see exponential growth in the next few years. It will grow to $0.37 billion in 2028 at a compound annual growth rate (CAGR) of 24.4%. The growth in the forecast period can be attributed to integration with data analytics and predictive maintenance tools, demand for proactive infrastructure management solutions, market penetration in emerging economies, collaboration with government agencies for bridge maintenance programs, regulatory evolution to streamline drone inspection operations. Major trends in the forecast period include integration with artificial intelligence, growth in demand for structural analysis, development of specialized software, collaboration between service providers, expansion of regulatory approvals, adoption of drone swarm technology.

Infrastructure Growth Fuels Drone Bridge Inspection Services Market

The increasing development of infrastructure and bridge construction is expected to propel the drone bridge inspection services market going forward. There is a need for infrastructure development to support urban living, including the construction of bridges to connect different parts of cities and facilitate transportation. Drone bridge inspection services optimize infrastructure and construction by providing efficient, cost-effective, detailed inspections for maintenance and safety assessments. For instance, in July 2023, according to the American Road & Transportation Builders Association, a US-based trade association, the total number of highway bridges was 620,598 in 2022, while in 2023, it increased to 621,510, indicating a rise of 912 bridges. Therefore, the increasing development of infrastructure and bridge construction is driving the growth of the drone bridge inspection services market. Major companies operating in the drone bridge inspection services market are Artrabia UAV Services, HNTB Corporation, Teledyne FLIR LLC, AeroVironment Inc., Yuneec International Co. Ltd., Applied Technical Services LLC, ECA Group, Avian UAS, Skydio Inc. , SZ DJI Technology Co. Ltd., SkySpecs, 3D Robotics Inc., Sentera LLC, Airobotics Ltd., Cyberhawk, Aerialtronics, Measure UAS Inc., Aerial Robotix, ABJ Drones, Aeroview Services, AUAV, Celestis, Drontek Aerial Solution, Dronegenuity, IR Aerials, Tarillo Vue Aerial Photo, Acecore Technologies, Astral Aerial Solutions, AERIUM Analytics, CANARD Drones, DDC Smart Inspection

Innovative Drone Technology Revolutionizes Infrastructure Inspections

Major companies operating in the drone bridge inspection services market are focused on infrastructure inspections, such as bridge integrity assessments, to enhance efficiency and safety. It involves deploying unmanned aerial vehicles (UAVs) equipped with high-resolution cameras to capture detailed imagery of bridges' structural components, surfaces, and surrounding environments. For instance, in March 2023, Worcestershire County Council, a UK-based governing body, launched a trial employing drones equipped with cameras to assess the structural integrity of 1,500 bridges. Certified drone pilots operate these unmanned aerial vehicles while inspectors analyze the acquired photographs. The study intends to improve bridge maintenance operations, reduce bridge closures, and minimize disturbances for local people and businesses. Furthermore, the trial ensures that bridge inspections are carried out according to UK standards. Using drones for this purpose has the potential to speed the inspection process, improve inspector safety, and optimize resource allocation, resulting in a substantial advancement in infrastructure inspection methods.

XTEND Acquired Performance Rotors To Strengthen Drone Inspection Capabilities

In May 2023, XTEND, an Israel-based revolutionary human-guided autonomous machine system provider, acquired Performance Rotors for an undisclosed amount. This acquisition is intended to strengthen XTEND's presence in the drone inspection market by enhancing its capacity to provide remote interactive operations guided by humans in diverse industrial settings. Performance Rotors is a Singapore-based drone inspection firm specializing in developing drones and robotics solutions for infrastructure inspection, including buildings and bridges. North America was the largest region in the drone bridge inspection services market in 2023. The regions covered in the drone bridge inspection services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the drone bridge inspection services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The drone bridge inspection services market includes revenues earned by entities through services such as aerial surveying, structural inspection, LiDAR mapping, photogrammetry, remote sensing, data analytics, environmental monitoring, infrastructure inspection, drone piloting, maintenance, and software development. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The drone bridge inspection services research report is one of a series of new reports from The Business Research Company that provides drone bridge inspection services market statistics, including the drone bridge inspection services industry's global market size, regional shares, competitors with an drone bridge inspection services market share, detailed drone bridge inspection services market segments, market trends and opportunities, and any further data you may need to thrive in the drone bridge inspection services industry. This drone bridge inspection services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Energy-Efficient Building Market Definition And Segments

Energy-efficient building refers to structures designed and constructed with a focus on minimizing energy consumption while maintaining or improving occupant comfort, health, and productivity. These practices are also employed in the construction and operation of commercial and industrial facilities such as offices, retail stores, factories, warehouses, and institutional buildings. The main types of energy-efficient building are heating, ventilation, and air conditioning (HVAC), lighting, building controls, water efficiency, water heating, building envelope, and others. HVAC refers to the system used in buildings to control the temperature, humidity, and air quality. It includes heating systems for warmth, ventilation systems for fresh air circulation, and air conditioning systems for cooling. The materials used are roofing, fiber cement, concrete tiles, insulation, construction chemicals, sealants, water proofers, and others, which are used residential, commercial, and industrial sector. The energy-efficient building market covered in this report is segmented – 1) By Type: Heating, Ventilation, And Air Conditioning (HVAC), Lighting, Building Controls, Water Efficiency, Water Heating, Building Envelope, Other Types 2) By Material: Roofing, Fiber Cement, Concrete Tiles, Insulation, Construction Chemicals, Sealants, Water Proofers, Other Materials 3) By End User: Residential, Commercial, Industrial Sector The energy-efficient building market size has grown strongly in recent years. It will grow from $125.84 billion in 2023 to $135.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to energy prices, environmental regulations, technological advancements, public awareness, government incentives. The energy-efficient building market size is expected to see strong growth in the next few years. It will grow to $174.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to climate change mitigation efforts, technological innovation, urbanization trends, increasing demand for sustainable buildings, energy security concerns. Major trends in the forecast period include net-zero energy buildings, passive design principles, modular construction for energy efficiency, integration of internet of things (IoT) in building management, circular economy principles.

Government Investment Fueling Growth In The Energy-Efficient Building Market

The increase in government investment expected to fuel the growth of the energy-efficient building market going forward. Government investment refers to funds allocated by governmental bodies for various purposes, such as infrastructure development, social programs, education, healthcare, research and development, and clean energy initiatives. Government investment in energy-efficient building initiatives plays a crucial role in accelerating the adoption of sustainable building practices, reducing energy consumption, lowering greenhouse gas emissions, and promoting economic growth and resilience. For instance, in December 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, since 2020, governments have allocated $1.34 trillion to incentivize investment in clean energy, leading to a 25% surge in clean energy investment from 2021 to 2023. Therefore, the increase in government investment is driving the energy-efficient building market. Major companies operating in the energy-efficient building market are Siemens AG, Panasonic Corporation, GE Electrical Equipment, Veolia Environnement S.A., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Daikin Industries Ltd., Toshiba Corporation, Johnson Controls International plc, Eaton Corporation PLC, Carrier Global Corporation, Koninklijke Philips N.V., Trane Technologies plc, Emerson Electric Co., Legrand S.A., Osram GmbH, Acuity Brands Inc., Itron Inc., Zumtobel Group AG, Cree Inc., GridPoint Inc., Pacific Controls Inc., BuildingIQ Inc

Smart Internet Of Things (IoT) Solutions Transforming Market

Major companies operating in the energy-efficient building market are focused on developing innovative products with advanced technologies, such as smart IoT solutions to increase their profitability in market. Smart IoT solutions helps to promote energy efficiency across various domains, including homes, buildings, industries, and cities, ultimately contributing to sustainability and environmental conservation efforts. For instance, in March 2023, Siemens AG, a Germany-based energy technology and manufacturing company, launched Connect Box. Connect Box is an IoT solution for small to medium-sized buildings, seamlessly integrating wired or wireless devices. It optimizes energy usage, monitors performance, and enhances indoor air quality through real-time analysis. With plug-and-play setup, diverse licensing options, and user-friendly interfaces, it caters to varied needs while ensuring compliance with sustainability regulations and delivering up to 30% energy savings.

Bosch Building Technologies Strengthens North American Presence with Paladin Technologies Acquisition

In May 2023, Bosch Building Technologies, a Germany-based company providing integrated solutions for building security, building automation and energy services, acquired Paladin Technologies for an undisclosed amount. With this acquisition, Paladin Technologies strengthens Bosch's expertise, market presence, and competitive advantage in North America's commercial building services industry, which is driven by energy efficiency and security needs. Paladin Technologies is a Canada-based company providing complex systems integrator for building technology solutions, specializing in IP security, audiovisual, low voltage, and integrated technology solutions. Europe was the largest region in the energy-efficient building market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy-efficient building market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the energy-efficient building market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The energy-efficient building market includes revenues earned by entities by providing services such as conducting energy audits, designing energy-efficient systems, installing high-efficiency equipment, providing maintenance, incorporating renewable energy sources, implementing building automation, monitoring energy use, and educating occupants. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The energy-efficient building market research report is one of a series of new reports from The Business Research Company that provides energy-efficient building market statistics, including energy-efficient building industry global market size, regional shares, competitors with an energy-efficient building market share, detailed energy-efficient building market segments, market trends and opportunities, and any further data you may need to thrive in the energy-efficient building industry. This energy-efficient building market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Glue Laminated Timber Market Definition And Segments

Glue laminated timber refers a type of structurally engineered wood product made up of layers of solid wood boards bonded together with high-strength adhesive. It has the ability to span long distances and carry heavy loads while remaining lightweight and inexpensive. The purpose of glue laminated timber is to produce large, sturdy, and adaptable structural elements for use in construction projects. The main types of glue laminated timber are premium grade, framing grade, industrial grade, and architectural grade. Premium Grade refers to the highest quality level of glue laminated timber, characterized by exceptional strength, consistency, and aesthetic appeal, often used in prestigious architectural projects. It comes in various shapes, including straight, curved, and custom, which are used for several applications, such as floor and roof beams, replacement, household framing, window and door headers, supporting columns, and ridge and curved beams. Various end-uses are involved, such as buildings and construction and architecture. The glue laminated timber market covered in this report is segmented – 1) By Type: Premium Grade, Framing Grade, Industrial Grade, Architectural Grade 2) By Shape: Straight, Curved, Custom 3) By Application: Floor And Roof Beams, Replacement, Household Framing, Window And Door Headers, Supporting Columns, Ridge And Curved Beams 4) By End-Use: Building And Construction, Architecture The glue laminated timber market size has grown steadily in recent years. It will grow from $3.48 billion in 2023 to $3.65 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to rising use of glue-laminated timber in numerous industries, rapid growth of the construction industry, increasing demand from building & construction sector, increasing demand from building & construction sector, increasing demand from residential sector. The glue laminated timber market size is expected to see steady growth in the next few years. It will grow to $4.24 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to demand for glue-laminated timber products, rapid urbanization, rapid urbanization unprecedented growth in the construction sector, rising government investments in glue-laminated, growing urban populations worldwide stimulate construction activities. Major trends in the forecast period include continuous advancements in architecture and interior designs, sustainable construction, architectural design flexibility, energy efficiency and thermal performance, green building certifications.

Construction Industry Boom Fuels Surge In Glue Laminated Timber Market

The rapid growth of the construction industry is expected to propel the growth of the glue laminated timber market going forward. The construction industry involves planning, creating, renovating, and maintaining physical structures and infrastructure. The construction industry is on the rise due to several factors, including growing infrastructure investments, rising housing demands, and the rising need for green infrastructure. Glue laminated timber is a versatile and sustainable structural material that offers strength, flexibility, and aesthetic appeal in contemporary construction projects. For instance, in February 2022, according to a report published by the Office for National Statistics, a UK-based administrative office, the construction sector saw a record rise of 12.7% in 2021 compared to 2020. The construction output volume increased by 2.0% in December 2021, driven entirely by a 3.5% growth in new work. Therefore, the rapid growth of the construction industry is driving the growth of the glue laminated timber market. Major companies operating in the glue laminated timber market are Stora Enso Oyj, Boise Cascade Company, Canfor Corporation, Binderholz GmbH, Pfeifer Holding GmbH, Western Forest Products Inc., Holzindustrie Schweighofer GmbH, Forest Timber Engineering Ltd., Mayr-Melnhof Holz Holding AG, Setra Group AB, W. u. J. Derix GmbH & Co. KG, Eugen Decker GmbH & Co. KG, Eacom Timber Corporation, Structurlam Mass Timber Corporation, B&K Structures Ltd., D.R. Johnson Wood Innovations LLC, Structural Wood Systems Inc., Wiehag GmbH, HASSLACHER Holding GmbH, Schilliger Holz AG, Nordic Engineered Wood, KLH Massivholz GmbH, Glulam Ltd., Calvert Company Inc., Rubner Holzbau GmbH, EcoCurves BV, Meiken Lamwood Corp.

Innovative Products Shaping The Glue Laminated Timber Market

Major companies operating in the glue laminated timber market are developing innovative products, such as NeXTimberto, to gain a competitive edge in the market. NeXTimber refers to a range of mass timber building solutions, including cross-laminated timber (CLT) panels and glue-laminated timber (GLT) members. For instance, in December 2021, Timber Link International Limited, a UK-based timber company, launched the NeXTimber brand of engineered wood products and mass timber building solutions. The NeXTimber range will include CLT (cross-laminated timber) and GLT (glue-laminated timber) and will be manufactured on Timberlink's Tarpeena site from Timberlink timber, sourced from local certified pine plantations, providing both biophilic and environmental benefits. NeXTimber products offer the strength required for taller and more complex structures while maintaining the advantages of traditional timber.

Binderholz Group Acquires BSW Timber Ltd. To Strengthen Presence In The UK Timber Market

In January 2022, Binderholz Group, an Australia-based timber company acquired BSW Timber Ltd. for an undisclosed amount. The acquisition aims to enhance Binderholz's presence in the expanding British market, marked by significant demand for sawn timber, solid wood, timber construction, and do-it-yourself (DIY) products. BSW Timber Ltd. is a Scotland-based company that manufactures timber products, including glue-laminated timber (glulam). Europe was the largest region in the glue laminated timber market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glue laminated timber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the glue laminated timber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The glue laminated timber market consists of sales of Douglas-fir, spruce-pine-fir (SPF), and western hemlock, and other wood species. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The glue laminated timber market research report is one of a series of new reports from The Business Research Company that provides glue laminated timber market statistics, including glue laminated timber industry global market size, regional shares, competitors with a glue laminated timber market share, detailed glue laminated timber market segments, market trends and opportunities, and any further data you may need to thrive in the glue laminated timber industry. This glue laminated timber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.