Search results for: 'transform environment'

Building information modeling (BIM) and digital twins in the built environment continue to evolve significantly in functionalities and capabilities with the increased adoption and awareness, given the growing number of large enterprises and public sector projects. The BIM and digital twin industry is in a critical growth phase, making giant lea...

In today’s dynamic global landscape, shaped by decarbonization, urbanization, and digital transformation, Frost & Sullivan underscores the critical need for companies in the homes and buildings sector to redefine their core mission. Rising awareness among stakeholders, such as consumers, employees, suppliers, and policymakers, emphasizes the pivota...

The analysis assesses the influence of artificial intelligence in the homes and buildings industry, defining the role of AI across residential and commercial segments while explaining the opportunities for industry stakeholders. The primary aim is to analyze and highlight the prevailing and prospective AI applications, use cases, AI investments, an...

In today's rapidly evolving global landscape, marked by decarbonization, urbanization, and digital transformation, Frost & Sullivan recognizes the imperative for firms to redefine their fundamental purpose. There is a growing awareness of the significance of the value creation of climate change mitigation across all stakeholders, including consumer...

In a global environment increasingly defined by decarbonization, urbanization, and digital transformation, companies operating in the homes and buildings sector must fundamentally redefine their strategic purpose. Growing awareness among consumers, employees, suppliers, and policymakers is elevating climate-change mitigation and adaptation as centr...

19 Nov 2020  |  Global  |  Market Research

Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020

Strategies Centered on Solution-based HVAC Offerings and Clean Air for the Built Environment Create New Growth Opportunities

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Frost & Sullivan estimated HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion. Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save mone...

The global building construction market is expected to grow steadily from $8.89 trillion in 2025 to $10.56 trillion by 2031, at a 2.9% CAGR, supported by urbanization, housing demand, industrial expansion, and investment in data centers, healthcare facilities, logistics hubs, and advanced manufacturing assets. While growth remains positive, the mar...

The Global Homes and Buildings Industry Outlook 2026 from Frost & Sullivan highlights accelerated transformation amid persistent macroeconomic headwinds. Following 5.5% growth in 2025, the sector is projected to expand by 4.0%–7.7% in 2026, driven by demand for AI-powered building technologies, smart home ecosystems, sustainable HVAC and energy sys...

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...