Shaping tomorrow's skylines: The ascending trajectory of the smart building market

Source: 123RF

This is according to a ResearchandMarkets.com report on the smart building market that provides insights into the industry’s trends, projections, as well as the impact on urban development.

With this goal in mind, governments spanning the globe are catalysing this transformation through substantial investments in smart city initiatives. This substantial impetus is propelling the widespread embrace of smart buildings across diverse regions.

At the forefront of this surge are governing bodies, emerging as potent advocates for cutting-edge solutions that foster adaptable regulations and pave the way for revolutionary innovations. Their role assumes pivotal significance, protecting the interests of both the populace and the urban landscape.

A prime illustration of this visionary approach is embodied by the Energy Conservation Building Code (ECBC), an innovation birthed by the Indian government. This groundbreaking initiative has laid down stringent benchmarks for energy performance in structures, enveloping aspects ranging from building facades to heating, cooling, and air-conditioning systems. Through this initiative, a trajectory towards sustainable, energy-efficient edifices aligns seamlessly with global imperatives.

To read more on the opportunities and challenges inherent in smart buildings, access the report here.