PR Newswire
27 Sep 2022, 17:12 GMT+10
The homes and buildings industry is moving toward decarbonization and digitalization solutions, expecting $50.99 billion in revenue by 2028, says Frost & Sullivan
SAN ANTONIO, Sept. 27, 2022 /PRNewswire/ -- Enterprise-level sustainability and decarbonization goals enable building owners to adopt digital solutions. Frost & Sullivan's recent analysis, Top 50 Start-ups Advancing Decarbonization and Digitalization in the Global Homes & Buildings Industry, finds that the need to address carbon emissions and energy savings encourages startups to invest in technologies and adopt new business models to strengthen their digital building portfolios. The homes and buildings industry's digital solution is expected to garner $50.99 billion in revenue by 2028 from $10.64 billion in 2021, registering exponential expansion at a compound annual growth rate (CAGR) of 25.1%.
For further information on this analysis, please click here.
"Digital building solutions with Internet of Things (IoT), artificial intelligence (AI), and hybrid working models for the changing workplace are gaining momentum," said Anirudh Bhaskaran, Energy & Environment Industry Principal at Frost & Sullivan. "The trend has unlocked innovative business models, such as Digital Transformation Solution-as-a-Service and Air Quality-as-a-Service, and helped start-ups expedite growth."
Bhaskaran added: "Emerging and fast-growing companies are challenging established organizations with cutting-edge AI and IoT capabilities. These companies compete in machine health analysis, cloud-based remote services, digital twins, and heating, ventilation, and air conditioning (HVAC) optimization."
The increasing demand for digital solutions in the homes and buildings sector presents lucrative growth opportunities for market participants. To tap into the benefits of innovation in the homes and buildings industry:
Top 50 Start-ups Advancing Decarbonization and Digitalization in the Global Homes & Buildings Industry is the latest addition to Frost & Sullivan's Energy & Environment research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: Start the discussion.
Top 50 Start-ups Advancing Decarbonization and Digitalization in the Global Homes & Buildings Industry
PD49
Contact:
Nicole Ryder
Corporate Communications
E: Nicole.Ryder@frost.com
https://www.frost.com/
SOURCE Frost & Sullivan
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationATLANTA, Georgia: After two consecutive years of declines mainly caused by the COVID-19 pandemic, babies born in the U.S. in ...
The number of soldiers in the Israeli army killed in the current Israel-Hamas war has topped 400. Three hundred and ...
MOSCOW, Russia: A Russian court has extended the detention of Evan Gershkovich, a U.S. reporter for the Wall Street Journal, ...
Israel intensified its deadly bombardment of the Gaza Strip Saturday as renewed fighting with Hamas entered a second day following ...
ARLINGTON, Virginia: This week, the conservative U.S. political network Americans for Prosperity Action (AFP Action), led by billionaire Charles Koch, ...
BEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...
NEW YORK: A survey by Consumer Reports found that electric vehicles (EV) from 2021 through 2023 model years encountered nearly ...
LONDON, UK: In a report released this week, the Economist Intelligence Unit (EIU) said that Singapore and Zurich tied for ...
WASHINGTON D.C.: This week, the U.S. Federal Aviation Administration (FAA) said it implemented a new aircraft certification policy, which requires ...
WASHINGTON D.C.: As businesses built more warehouses and accumulated machinery equipment, the U.S. economy grew faster than initially forecast in ...
WASHINGTON D.C.: This week, the White House said that Senior Biden administration officials met with the makers of respiratory syncytial ...