Asia-Pacific Buildings Industry Outlook in 2015
The buildings industry, with the help of green buildings market and smart home concepts, will drive the economy in the future.
As such, the emergence of green and smart buildings has required the integration of industry participants in the value chain.
In 2014, top headlines in the buildings industry are focused on several themes:
Partnerships with governments or public agencies.
Convergence with Information and Communication Technology (ICT) and building materials innovation.
Businesses re-structuring, new acquisitions, and divestment.
Improvement in energy efficiency and reduction of carbon footprints of buildings.
In 2015, the development of new smart cities and townships will drive the overall building construction market in Asia-Pacific. The residential segment will grow the highest at more than % and Southeast Asia will enjoy the best growth rate at % with Indonesia, Vietnam, and Myanmar providing the best prospects.
About this report
In 2014, top headlines in the Asia-Pacific buildings industry were focused on several themes such as partnerships with governments, convergence with ICT, building materials innovation, businesses re-structuring, and improvement on building energy efficiency. In 2015, the development of new smart cities will drive the overall building construction market in Asia-Pacific. The residential segment will grow the most at more than 10% and Southeast Asia will enjoy the best growth rate at 18.5%. Despite the oil price drop, there will be continued investments in energy-saving equipment such as lighting, HVAC, and energy storage systems, because it is unlikely that electricity tariffs will be reduced.
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