Industries

Frost & Sullivan estimates the global lighting controls market to grow by 4.7% in 2021 after experiencing a 6.3% growth decline in 2020 due to the COVID-19 pandemic. The market is expected to reach pre-COVID-19 growth rates in 2023 and achieve $11.82 billion in revenue by 2028, expanding at a compound annual growth rate of 7.5% from 2021 to 2028. T...

The homes and buildings industry is expected to continue its post-pandemic recovery in 2022, after the reopening of economic activities in 2021. The lighting, HVAC, refrigeration, facility management, and smart homes markets have already had strong comebacks due to robust customer demand combined with business transformation initiatives by industry...

Water utilities across the globe are under pressure to improve the resilience of their infrastructure to water stress, drought, and flooding-related events that are occurring due to climate change. Policy makers are implementing new strategies to ensure long-term sustainability through extensive replacement and rehabilitation plans to modernise the...

Industries and countries across the world are facing three crucial challenges: waste management, greenhouse gas emissions, and limited resource availability. Sustainably recycling and reusing products (i.e., supply chain circularization) can address these aforementioned challenges. Despite this advantage, the deployment of a circular economy in mos...

Increasing air pollution, urbanization, and industrialization severely degrade air quality, which worsens when natural calamities such as wildfires occur. The spread of the SARS-CoV-2 virus (COVID-19 pandemic) and rising public awareness of the dangers of air pollution significantly accelerated the demand for air purification units in residential a...

Globally, the increase in population and industrial activity results in a growing volume of water consumption and wastewater generation. UNICEF (the United Nations Children's Fund) estimates that about half of the global population will face water scarcity by 2025, and by 2030, about 700 million people will be displaced by intense water scarcity. A...

The global facility management (FM) market suffered a significant shock due to the COVID-19 pandemic. However, the market is bouncing back, with future growth focused on technology and sustainability. The industry is undergoing a major transformation, driven by technology innovation, new business models, emerging value propositions, competitive dis...

The COVID-19 pandemic has impacted every sector in some capacity and has forced market participants across industries to undergo rapid transformation. The building technologies and services industry is no exception and is at the cusp of a considerable shift. These changes are not restricted to technological or building design changes but involve ho...

Global emergency lighting is expected to account for 3.3% growth in 2021 after a decline of 6.7% in 2020 due to the pandemic. The market will only reach pre-COVID-19 growth rate in 2022. Market revenue is forecasted to be valued at $6.9 billion by 2027 with a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. North America will contin...