Top 30 Companies Accelerating Decarbonization in Global Homes and Buildings Industry

The Impact of the Top 3 Strategic Imperatives on the Homes and Buildings Industry

Transformative Megatrends

Why

• Buildings account for approximately 35% of global energy consumption and contribute about 40% of the global carbon dioxide (CO2) emissions.
• Consequently, governments strive to promote sustainability practices to support overall decarbonization in the buildings industry.

Frost Perspective

• To reduce energy consumption and emissions, participants across the buildings industry value chain will need to adopt decarbonization measures.
• Participants will need to invest in technologies, including digital applications, to support sustainable practices and partner with relevant industry leaders or experts in sustainability solutions.
• A push to achieve climate goals and adhere to the United Nations (UN) Sustainable Development Goals (SDGs) will accelerate the decarbonization of homes and buildings.

Disruptive Technologies

Why

• Disruption, innovation, and market upheaval are creating urgency for digital transformation, proposition, and service needs, with an overall goal of achieving sustainability.
• This trend calls for product and service innovation, new value propositions, and future business models.

Frost Perspective

• The buildings industry will accelerate adoption of decarbonization solutions and new business models in the next 1 to 2 years.
• Sustainability in buildings is evolving beyond environmental performance. Increasingly, demand will drive complex regulations and legislation geared toward sustainability.
• This trend could accelerate with the stronger economy in early months, presenting a significant opportunity for the buildings market to position itself as a driver of sustainability management.

Industry Convergence

Why

• Industry convergence is crucial for collaboration among buildings industry participants, digital technology providers, and sustainability experts.
• Collaborating will help them develop sustainable buildings and circularity in buildings’ operation and maintenance practices.

Frost Perspective

• Market participants should emphasize clean and efficient energy usage, with the default adoption of reuse, recycling, and repurposing.
• Companies should also redevelop all product and service value propositions with a renewed focus on a low-carbon future.
• Companies could promote a circular economy in all supply chains and localize them as much as possible.
• Market participants should also create a sustainability agenda for building components’ product design and services, construction methods, day-to-day operations, and the end of the life cycle.

Scope of Analysis

• Frost & Sullivan segments the homes and buildings industry into 6 key markets, namely lighting; critical building equipment; smart building management; facility management; smart homes; and construction management. The following slide offers details on these segments.
• The objective of this study is to identify and present the top 30 companies that excel in decarbonization propositions in the homes and buildings industry. Decarbonization is commonly defined as a method or strategy to reduce or eliminate carbon emissions.
• For example, the homes and buildings industry contributes about 35% to 40% of carbon emissions annually, and this figure needs to be reduced..

Segmentation

Homes and Buildings

• Lighting

  • Light-emitting Diode (LED)
  • Lighting Controls
  • Smart Street Lighting and Smart Lamp Poles
  • Emergency Lighting
  • Horticulture and Aquaculture Lighting
• Critical Building Equipment
  • Low Voltage Switchgear (LVSG)
  • Heating, Ventilation, and Air Conditioning (HVAC)
  • Indoor Air Quality
  • Fire Safety (Detection and Suppression)
  • Electronic Security
  • Elevators and Escalators
• Smart Building Management
  • Building Automation System (BAS)
  • Building Energy Management System (BEMS)
  • Workplace Analytics
• Facility Management
  • Single Services
  • Bundled Services
  • Integrated Facility Management (IFM)
• Smart Homes
  • Home Energy Management
  • Home Automation and Controls
  • Home Safety and Security
  • Home Entertainment
  • Health and Wellness
• Construction Management
  • Building Information Modelling (BIM) and Digital Twin
  • Construction Management Software

Growth Drivers

Growth Restraints