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Net-Zero Energy Buildings Gain Independence

Imagine a building that operates like a self-sufficient island, generating its own clean energy to power everything from lights to air conditioning, all while leaving no carbon footprint. That's the essence of a net-zero energy building, a revolutionary concept poised to transform the real estate landscape. Think of it as cutting the cord on your monthly energy bills, slashing greenhouse gas emissions, and attracting eco-conscious building tenants -- all while potentially boosting your asset value. The count of net-zero energy buildings worldwide will experience significant expansion in the coming years, according to the latest worldwide market study by ABI Research. Net-Zero Energy Buildings Market Development Driven by climate change imperatives, policy support, and maturing technologies, the market is forecasted to grow at a 29 percent Compound Annual Growth Rate (CAGR) through 2027. "With buildings accounting for over one-third of global energy consumption, the real estate...

Global Hospitality Sector Adopts Smart Tech Apps

The integration of emerging technologies into the hospitality industry is driving new growth opportunities and changing the way guests experience properties. Smart home technology is beginning to transform the global hospitality sector. According to the latest worldwide market study by ABI Research, the smart home and connected equipment market across smart hospitality and coworking spaces will see connected shipments rise from 6.8 million devices in 2023 to 19.7 million in 2027 -- that's a CAGR of 23.5 percent. "Service flexibility, cost savings, and meeting changing customer expectations is driving investment in connected technology," said Jonathan Collins, research director at ABI Research . Some dedicated offerings address just one segment of the market. But now, new offerings are increasingly being adopted that address the broader smart homes and smart building markets.  Smart Building Market Development Smart technology is revolutionizing the way hotels operate and ...

How Smart Buildings Improve Employee Experience

Forward-thinking senior executives have taken their lessons learned from the COVID-19 pandemic and used them for much-needed changes to their business operations. They now include new flexible working models (for progressive employees), and newly redesigned office environments (for traditional employees). Meanwhile, given the current business landscape, with rising costs for energy and a focus on reducing carbon emissions, increasing the level of automation in the remaining large metro office buildings will be a major priority. That's a likely place where a Smart Building technology might help a retrospective CEO rationalize their status-quo 'return to office' plan. When combined with higher salaries and better employee benefits, that office experience could help to retain some essential talent that might otherwise resign. Smart Building Market Development According to the latest worldwide market study by Juniper Research, the number of buildings globally deploying 'sma...